August 28, 2013

Resort Style Community… for Railfans and Trainspotters

Not everyone can afford to live close to Google.  For everyone else there’s real life and real budgets. That means properties like the one we’re bringing you today.  Oh wait, this property has an asking price of $850,000.

130827-dahlia-redfin1340 DAHLIA Loop
San Jose, CA 95126
$849,900

HOA Dues: $180/mo.
3 Beds
3 Baths
1,977 Sq. Ft.
$430 / Sq. Ft.
Built: 2006
Lot Size: 3,920 Sq. Ft.
On Redfin: 4 days
Status: Active
HOA Dues: $180/month
Style: Contemporary
Community: Santa Clara
MLS#: 81331315
Property Type: Detached Single Family
Stories: 3
County: Santa Clara

Stunning Single Family Home in Resort Style Encanto Community. Located walking distance from Santa Clara University and a short drive from Santana Row and San Jose International Airport. This is a unique corner lot with one of the biggest lot size in the community. Beautifully done Front/Back yard which are rare in this community. Bonus Room big enough for a pool table. Perfect for entertaining.

130827-dahlia-closeupLet’s have a real good look at this “Resort Style Encanto Community,” because streetview is not available. Obviously this is such an exclusive resort, self-driving Google robot overlord vehicles aren’t allowed in.

You may not realize it, but the photo above and the other one of the pool are not the building that is for sale.  As a Burbed exclusive, we’d like to show you just what exactly it is they’re selling.

And then we’ll pull back a bit and give you another thing the agent didn’t.

Context.

130827-dahlia-satellite

130827-dahlia-poolSee that house in the lower left corner of the plex, right next to both the railroad tracks and the kitchen & bathroom warehouse? Yup, that’s it. But hey! Front/Back yard which are rare in this community.

Wait until you find out what’s on the other side of those railroad tracks!

Bunus: Another unit is for sale in this community, which doesn’t have all the benefits such as the whopping 3800 square foot lot. What it does have is 26 photos for you to enjoy Resort Living.  And lots of trains.  Perfect for entertaining, provided the people you are entertaining are all three year old boys.

130827-dahlia-caltrainWhoo-whoooooooooo!

Comments (6) -- Posted by: madhaus @ 7:02 am






August 27, 2013

Thirteen Forty Seven: Diamond in the rough part of Old Palo Alto

Yesterday’s house didn’t seem to do it for our readers, or at least the readers who enjoy commenting about properties featured on our site. So today we’re going back to a tried but true perennial: the Palo Alto crapbox, with bunus WTF pricing.  And no, we don’t mean that the way you think we do.

Thanks very much to Burbed reader Michael Boltonestater for sending in today’s house. Oh yeah, one more thing.  PENDING!

130826-alma-movoto1347 Alma St
Palo Alto, CA 94301
$625,000

Loan Payment: $2,423/mo
Bedrooms: 2
Bathrooms: 1
Size: 848 sqft
$/sqft: $737/sqft
Type: Single Family House
Year Built: 1925
Lot Size: 1,100
Days on Movoto: 8 days
Neighborhood: Old Palo Alto
MLS#: 81329852
Status: Pending – Do Not Show

Diamond in the rough! Contractor special for a property that needs cosmetic and some possible structural intervention. Price reflects condition. Many possibilities! Don’t miss this great opportunity!

130826-alma-framingDid you say possible structural intervention? Say no more! Nothing like a real challenge to whet the appetite on a Tuesday morning, because the usual shortcomings of a busy street and Elon Musk’s Hyperloop right across from it aren’t sufficient. And if you think that would scare anyone away, think again! How many other properties on 1100 square foot lots went pending in 8 days?

We were sure than lot size was a typo until we took a look at the aerial view.

130826-alma-satellite

This is a one-story house, 848 square feet. Looks like a similarly-sized house shares the lot. 1100 could well be correct. But, seriously, is any price too high for your own quarter of a tenth of an acre in Palo Alto?

Comments (7) -- Posted by: madhaus @ 7:09 am

August 26, 2013

Nothing wrong with this Los Gatos home that price can’t fix

Oh hell, it’s Monday. But there’s good things about Mondays. Mondays mean the beginning of another week of Burbed housing win, so let’s get started. Burbed reader nomadic has a LOT of win for us today in Los Gatos.

130825-belgatos-redfin308 BELGATOS Ln
Los Gatos, CA 95032
$2,500,000

4 Beds
3.5 Baths
4,165 Sq. Ft.
$600 / Sq. Ft.
Built: 1987
Lot Size: 1.93 Acres
On Redfin: 29 days
Status: Active
Property Type: Detached Single Family
Stories: 2
Community: Los Gatos/Monte Sereno
MLS#: 81327424
Style: Tudor
View: City Lights
County: Santa Clara

Elegant Tudor Estate-4165 sqft with 3 car garage and 840 sqft detached guest house. -Gated with circular driveway and a completely fenced 1.93 acre lot-private with no neighbors yet close to town. Solar heated salt water pool and spa with pool house. Master suite with fireplace and large deck. Outdoor kitchen with barbecue, sink and fridge. Horses are permitted with trails adjacent to the property.

130825-belgatos-kitchenAdd it up: 4165 + 840 = 5005 sf. Yay! This house wins the Burbed ginormous tag by 5 square feet.  It’s also been on the market for (gasp) an entire month. Now let’s see what nomadic’s nominating statement for this property is.

Seller is a licensed RE agent.  There are only seven listing pics.  Seller has this priced just $70k above their 2006 purchase price, and I would guess it’s priced close to market value.  When the current seller bought the place, they paid $1.2M more than the previous sale price seven years earlier (the price doubled).  That previous seller was related to their agent.  Is this house now only bought & sold among realtors? There is no indication of any remodeling or building in between transactions.  This is the slums of Los Gatos – was it really in the RBA between 1999 and 2006?

130825-belgatos-poolIn summary, the price doubled in the seven years 1999-2006 and then stagnated for the seven years since. Ouch.

Don’t be silly, nomadic. The property most certainly did not stagnate. It ripened, like a fine wine, or cheese, or toe fungus. Obviously if YOU buy this property today, the price will quadruple in ten minutes, ensuring the RBA Property Doubles Every Ten Years rule we know and love.

But in order for that to happen, somebody had better buy this place before the various realtards selling it among themselves mistakenly ask so much that everyone forgets to overbid.

Comments (4) -- Posted by: madhaus @ 7:03 am

August 25, 2013

You are SO priced out forever

Haven’t bought a house yet? Here’s some cheery news proving you waited too long.

Freddie Mac: 30-year mortgage jumps to 4.58%, highest in 2 years

130824-lat-builderBy E. Scott Reckard, Los Angeles Times
August 22, 2013, 10:59 a.m.

Fixed mortgage rates jumped again this week, with Freddie Mac‘s widely watched survey saying lenders were offering 30-year home loans at an average of 4.58%.

That was up from 4.4% last week and the highest rate Freddie has reported in two years.

Freddie Mac reported Thursday that the average for the 15-year fixed loan, a popular alternative for people refinancing mortgages, was 3.6%, up from 3.44% last week and 2.89% at this time a year ago.

The higher rates have sharply reduced the number of borrowers able to refinance their home loans at lower rates, and with delinquencies and foreclosures also on the wane, big mortgage lenders are cutting back on staffing.

Ruh-roh Raggy. When the banks don’t think they need staff anymore, you know this party isn’t going to end well.  Fortunately, this article was reporting from the Southland, which is most definitely not in the Real Bay Area. Everyone knows in the RBA home prices only go up because nobody here needs a mortgage at all.

Bring a suitcase full of cash to your closing or go home.

Comments (13) -- Posted by: madhaus @ 7:08 am

August 24, 2013

Internet hasn’t obsoleted Realtards. Why not?

Perhaps they will always be with us.

Here’s why real estate agents are still around

130823-realtards-picBy Lydia DePillis, The Washington Post
POSTED:   08/23/2013 09:25:43 AM PDT

In this Tuesday April 2, 2013, photo, Christian Bell and his wife Beth Heinen Bell view a home for sale with real estate agent Becky Dickenson, left, in Grand Rapids, Mich. (Paul Sancya/AP)

The quintessentially mainstream American real-estate brokerage — Re/Max — went public Tuesday. The housing market is hot enough, its initial filing explained, that raising investor cash could launch it into markets around the country it hadn’t yet reached.

But wait — real estate agents? Wasn’t the Internet supposed to drive them out of business?

The online age has been hard on all kinds of middlemen, after all. Travel agents, for example, were rendered obsolete by Orbitz and Expedia. Soft-goods retailers were outpaced by Amazon. The effect should be similar with people who sell homes: What do they have but what they know? And what of that can’t be better figured out through unbiased, publicly available data, crunched and presented free on websites such as Zillow and Trulia?

This is a piece that asks many questions yet delivers few answers. “It’s complicated” is not really an explanation.  And what the heck is Jason’s House?  Shouldn’t he be more original and call it Jason’s List?  It’s mentioned in a Washington Post article and there’s mentions in Texas media, so it should be really helpful to all our Northern California readership.

It’s Weekend Open Thread time, too. Met any helpful real estate agents lately?

Comments (3) -- Posted by: madhaus @ 7:03 am

August 23, 2013

Serenity is just the beginning in Palo Alto

It’s Friday! That means another weekend coming up, so let’s end this block of Housing Win with something really, truly excellent. We think Burbed reader Wendie has found it. Read on and see if there’s gold in them thar flats.

130822-ramona-redfin3243 RAMONA St
Palo Alto, CA 94306
$1,679,000

3 Beds
2 Baths
1,720 Sq. Ft.
$976 / Sq. Ft.
Built: 1951
Lot Size: 6,250 Sq. Ft.
On Redfin: 14 days
Status: Active
Property Type: Detached Single Family
Stories: 2
Community: Midtown
MLS#: 81328972
Style: Mediterranean
View: Neighborhood
County: Santa Clara

Nestled on a spacious lot, this 3 bedroom 2 bath custom home filled with tons of natural light and serenity is just the beginning. In the heart of Midtown and close to all conveniences, transportation and nationally ranked schools, this home is perfect for your family now and into the future.

130822-ramona-familyWendie had something to say about the photo above,

The realtor should be ashamed of himself.  Even the first photo is full of junk on the driveway! I don’t really understand why someone trying to sell a 2M would not even THINK to get a housecleaner to remove the junk in and out of the home before he started taking photos!!!

130822-ramona-kitchenJunk on the driveway? Looks like valuable prizes to us! What could be under those tarps? Buy this house (for a little bit less than $2M) and find out!

And at least they picked up the junk off the kitchen floor. (At least from this angle.)

Let us know what treasures you can find in this listing!

Comments (6) -- Posted by: madhaus @ 7:04 am

August 22, 2013

Pavers on the Driveway in Sunnyvale!

Tired of long articles that go on and on and on and ON? You’ll love today’s post and you’ll love today’s featured home even more.  Thanks very much to Burbed reader Michael Boltonestater for these superb snapshots in Sunnyvale! And we hope you enjoy them, because the house is, you guessed it, Pending!

130821-bennington-redfin1170 BENNINGTON Dr
Sunnyvale, CA 94087
$1,150,000

6 Beds
3.5 Baths
2,246 Sq. Ft.
$512 / Sq. Ft.
Built: 1955
Lot Size: 0.31 Acres
On Redfin: 22 days
Status: Pending Without Release
Property Type: Detached Single Family
Stories: 2
Community: Sunnyvale
MLS#: 81327931
Style: Contemporary
View: Neighborhood
County: Santa Clara

Spacious Home located in Sought-After Cherry Chase Area! Kitchen features Built-In Cabinetry, 4 Burner Gas Range, Dishwasher. 3 Wood Burning Fireplaces in the Living Room, Family Room & Master Bedroom. Beautiful front yard with Gazebo. Pavers on the Driveway. Separate Cottage in the Back of the House w/ 1 Bedroom & Half Bath. Great Cherry Chase Elementary.

130821-bennington-livingWant to see those three different fireplaces in the living room? Want to see them burn wood? Sorry, all we have is one fireplace with way too much Photoshop in the way. You’re going to have to figure out where they’ve managed to stash the other two. Perhaps they’re behind those sofas.

Enjoy a couple more of these delightfully dialed-up digital pix while you consider what life would be like in this home.

130821-bennington-kitchen130821-bennington-patio

And if you want to feel the cold, hard slap of reality in your face, there’s always Google Streetview.

130821-bennington-streetview

Comments (4) -- Posted by: madhaus @ 7:02 am

August 21, 2013

BREATHTAKING PANORAMIC VIEWS, BREATHTAKING PANIC PRICE

It’s time for a visit to the East Bay! Yayyyyy! Let’s see what’s cooking on the always delightful Isle of Alameda.  Burbed reader JL has quite a find for us today, so come on in!

130820-bayview-redfin2800 Bayview Dr
Alameda, CA 94501
$985,000

HOA Dues: $2/mo.
3 Beds
2.5 Baths
1,980 Sq. Ft.
$497 / Sq. Ft.
Built: 1964
Lot Size: 3,164 Sq. Ft.
On Redfin: 19 days
Status: Active
HOA Dues: $2/month
Style: Contemporary
View: Bay, City Lights, Panoramic, San Francisco, Water
County: Alameda
Type: Duet
Stories: 2
Community: Bayview Estates
MLS#: 40625792

BREATHTAKING PANORAMIC VIEWS abound from this spectacular contemporary home! Two awesome decks allow for enjoyment of this tranquil Bay setting. The open floor plan, gourmet kitchen, hardwood floors, skylights and a master suite with sitting area are some of the many features of this wonderful home.

130820-bayview-mudflatsLet’s examine the dispatch from JL.

This is "JL" in Alameda, bringing your attention to a crazily-priced home here. This 3bdrm/2.5 bath house just went on sale and is priced FAR over anything on this street has gone for in years — at $985,000!!

Granted, it’s a nice house with a great backyard, right out on the Bay. Also, it’s probably the nicest remodel I’ve ever seen of this 1960s-era house (there are a bunch with the same 130820-bayview-rectangleslayout on this street). But you can’t remodel away the fact that it’s still stuck to another house! These homes are all "duets" or whatever you call them — two houses that share a wall.

The history for this house may shed light on the high price — the owners paid $1 million for it in 2005!!! Insane. So maybe they’re just trying to use the latest bubble to recoup some of their loss from the last bubble.

Anyhoo, thought you’d be interested! Keep up the good work!  And please refer to me only as JL!

No problem, Jürgen, no problem at all!  Oopsies!  Let’s now take a look at what a “duet home” really means.

130820-bayview-streetview

It’s not just that this is a house stuck to another house, it’s that they’re trying to pretend they’re two completely unrelated houses who just happened to be glued together completely by accident.

Comments (8) -- Posted by: madhaus @ 7:03 am

August 20, 2013

PEACEFUL MBRM IN MTVW

We’ve got a really hot Mountain View property for you today from Burbed reader LomaLuvr. Feel the burn as you tour this one virtually.  Whoops, too late! SOLD!

130819-yorkton-redfin2676 YORKTON Dr
Mountain View, CA 94040
Sold for $1,565,000

4 Beds
3 Baths
1,975 Sq. Ft.
$792 / Sq. Ft.
Built: 1965
Lot Size: 8,000 Sq. Ft.
Sold On: Aug 16, 2013
Status: Sold
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Ranch
Community: Grant
MLS#: 81324377

WAVERLY PARK SINGLE STORY * NEW INT/EXT PAINT, NEW PLUSH CARPET/PAD * SPACIOUS KITCHEN, ISLAND, BREAKFAST BAR & NOOK, NEW LINO * FORMAL DINING RM, STEP DOWN LIVING RM, SEP FAMILY RM, CEILING FAN, FP W/ INSERT * PEACEFUL MBRM, SLIDER TO BACKYARD, CEDAR LINED CLOSETS * INS LAUNDRY, GAS & 220V HOOKUPS * NEWER WATER HEATER * OVERSIZED LOT, AGGREGATE PATIO, WELL MANICURED, SHED W/ NEWER ROOF * WALK TO COOPER PARK!TOP NOTCH SCHOOLS!

Great real estate photography means plenty of overbidding! This delightful home went for an extra $115K and we’re positive these radiant pictures helped. And you know when we say radiant we really mean radioactive.  Let’s have a look around.

130819-yorkton-greenery130819-yorkton-kitchen130819-yorkton-family130819-yorkton-bath

So far, so good! And doesn’t every bathroom need a prominently featured puffer fish on the vanity?  Pro Tip: When photographing a room in HDR, wait for the fan to stop spinning.

130819-yorkton-view

This bedroom converted to an office not only shows an intriguing attempt at décor, delightfully framed by the original window and view to match.

130819-yorkton-decor130819-yorkton-guest-towels

There’s so much you can do with fabric choices to liven up a room! Looks like whoever staged this bathroom embraced the concept of More is More.  Bunus: Empty toilet roll!

130819-yorkton-yard130819-yorkton-loom

Don’t forget the back yard! The generous grounds guarantee lots of space… for you to cook all summer, because there isn’t a shred of lawn anywhere. Plus the house next door has a great view of everything you’ll be up to.

We’re still trying to figure out which part of the yard is WELL MANICURED, the AGGREGATE PATIO or the SHED W/NEWER ROOF.  NEWER than what, the 1965 house?

Comments (6) -- Posted by: madhaus @ 7:01 am

August 19, 2013

Ginormous SJ house generates HEAVY AMOUNT OF PHONE CALLS

Tired of the poorly photographed crapboxen that are Burbed bread and butter? Today’s house is for you, if you can find it.This property is brought to you by Burbed reader wahnny. Thanks very much!

130818-calero-redfin21680 CALERO CREEK Ct
San Jose, CA 95120
$999,888

5 Beds
7 Baths
7,533 Sq. Ft.
$133 / Sq. Ft.
Built: 2002
Lot Size: 3.10 Acres
On Redfin: 17 days
Status: Pending With Release
Property Type: Detached Single Family
Stories: 2
County: Santa Clara
Style: Traditional, Mediterranean
Community: Almaden Valley
MLS#: 81328031

Last "Open House Monday 8/12 this evening from 5-7:30pm. ELEGANT PALATIAL ESTATE, SITUATED ON 3.10 FLAT ACRES. THIS LUXURY CUSTOM HOME IS 10 YEARS YOUNG & BUILT W/ THE FINEST IMPORTED MATERIALS FROM AROUND THE WORLD. DUE TO HEAVY AMOUNT OF PHONE CALLS WE HAVE "FAQ WORD DOC" @ UR REQUEST W/ FULL DISCLOSURE LINK & HOME INSPECTIONS. VIRTUAL TOUR HAS 2 TOURS & BROKER TOUR VIDEO FROM 8/7/2013 ENJOY

130818-calero-theaterHere’s why wahnny sent in this particular place:

Just came across this quite georgious estate.

Asking price is WAY less than its assessed value.  Lotsa cauwlums and ornate finishings adorn the "10 YEARS YOUNG" 7500+sqft estate on 3+acres.  Aside from overhead powerlines, rather small pool, and location on the fringes of the RBA, it might still incite a bidding war, as per AGENT INTENT.

130818-calero-kawlumFringes of the Real Bay Area? Wahnny, this place isn’t even on the fringes of the Corridor of Not Quite. This house is firmly situated somewhere south of You Have Got To Be Kidding Me. The only advantage it has is that it’s only 22 miles to the Tesla Supercharging station in Gilroy.  And if you can buy a house this size for the price of a gingerbread shack in San Bruno, of course you should expect some mawbul kawlums thrown in.

130818-calero-thronePlus there is a virtual tour.  And a good thing there is, or we would never know that every office needs a throne.

As to that AGENT INTENT, here’s what the FAQ in the disclosures packet has to say about that asking price:

8. Why list so low?
Sellers are aware that neither appraisers, nor realtors determine what the VALUE or the final sales price of a home will be, it’s the BUYERS that determine the final price thus the new market value of the home.  They wanted to market and list their home non-traditional and something innovative that would attract plenty of interest and one good offer that had the best price and terms.

130818-calero-officeWait a minute, since when is announcing a day for offers to come in and picking the highest one considered “non-traditional”?  In the RBA this is de rigeur!

Bunus: Not only does this property have a “well lien” because of the 3 abandoned wells onsite (seller can’t find two of them), there’s also an HOA for shared roads with voting rights based on property size. This home has an effective veto over the other properties because any vote must pass by 75%.  So you could really make life interesting for four other homeowners!

ENJOY

Comments (3) -- Posted by: madhaus @ 7:06 am