October 3, 2013

“Work done with permits” with the most lucky price ever!

1350 PEGGY Ave
Campbell, CA 95008

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First, let’s take a moment to observe that this house has the luckiest price ever. Whoever buys this house will be showered with years of good fortune and good SAT scores. There is no doubt.

Next, let’s just look at all the benefits this house has to offer! Long time readers of this blog know that permits are often just ignored. After all, this is the most disruptive place in the world – Silicon Valley doesn’t need stinkin’ permits. Ask for forgiveness, not permission! So the fact that this house has work done with permits – that’s definitely a unique feature.

But most importantly, once you plunk down this $888,888, you will have enormous flexibility to spend the rest of the $1M you have sitting around to grow this house. Just think of all the possibilities! After all, there’s a 200 amp panel and so much flat land. Will you be building the ultimate brogramming cave? A massive Singapore Math™ study zone?

Let’s hear your best ideas!

Comments (4) -- Posted by: burbed @ 5:04 am






October 2, 2013

Investment opportunity! Tenants willing to rent back.

10200 TORRANCE Ave
San Jose, CA 95127
$399,000

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It’s Silicon Valley! Who doesn’t like an investment opportunity!

So, if this has been renting for $1,800 per month for more than 4 years, doesn’t that mean that this is underpriced? As the new landlord, would you immediately double the rent to the market value of $3,600? After all, the rent was based on the price before the remodel! That seems awfully low.

What’s your pricing strategy for this?

And let’s not forget this large lot in the back!

image

It’s so… triangular! That just means you can build an incredibly unique, and therefore, incredibly expensive (because it’s rare!) house in the back as well! You could market this as the Triangle House – TriHo for short!

Comments (2) -- Posted by: burbed @ 5:48 am

October 1, 2013

6 SINGLE HOME OR APARTMENT UNIT OR CHURCH OR TEMPLE OR COMMERCIAL

898 TULLY Rd
San Jose, CA 95111

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As we all know, one of the most important things you can have in life is options. Unlimited options = freedom, and freedom is the bedrock of our nation.

This plot of land has many options… almost unlimited options! Thus, this plot of land is freedom.

What would you build on it if you owned this? A church? A temple? A single apartment unit?

Please answer soon. HURRY UP!

Speaking of hurrying up, it’s interesting that this house has been on the market for 270 days. Where have I seen this before?

http://www.burbed.com/2012/08/14/instagram-makes-anything-better-right/

August 14, 2012

Instagram makes anything better right?

898 TULLY Rd
San Jose, CA 95111
$1,300,000

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Maybe the realtor should switch to Vine! Then this house would really hurry up!

Comments (5) -- Posted by: burbed @ 5:24 am

September 30, 2013

Buying A Home Still Beats Renting By 35% In America’s Biggest Cities

Buying A Home Still Beats Renting By 35% In America’s Biggest Cities

Despite rising home prices and mortgage rates, it’s still cheaper to buy a home than to rent one in America’s largest cities. A new report from San Francisco, Calif.-based real estate site Trulia finds that, nationally, it’s 35% less expensive to own a home. Even in notoriously pricey, renter-heavy cities like San Francisco and New York, it remains 9% and 21% cheaper, respectively.

Of the top 10, eight are located in Calif., a state in which many cities, despite being plagued by high unemployment and the foreclosure crisis, never saw prices fall enough to fully align with other local economic fundamentals like median income.

The metro area that will swing back toward renting first is San Jose, Calif., when mortgage rates climb to 5.2%. It’s currently 4% cheaper to buy than rent in the Silicon Valley hub, a dramatic change from last year when it was 31% cheaper.

This really proves what we’ve all known: buying is cheaper than renting. It’s always a good time to buy.

I’m not sure what you’re doing this Monday morning, but if you’re not buying a home, you’re probably starting off this week in the wrong way.

What does your calculations show? Is buying cheaper than renting?

Comments (8) -- Posted by: burbed @ 5:42 am

September 28, 2013

I like Eichs–21st Century Style. But did Steve Jobs?

Did anyone attend the ribbon-cutting of this house yesterday?  Anyone want to check out the Open House today or tomorrow?  Thanks very much to a connected reader who passed this on to us.

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Here’s a few more pictures from the house’s website.

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Now, feast your eyes on this text:

Joseph Eichler built some of his first prototype “Eichlers” just one block away (here in Sunnyvale). Steve Jobs grew up in the area and was inspired by Eichler.  Designer/Builder, John Citrigno, is a third-generation native. His great-grandfather was a general contractor that built homes in the area.  Mr. Citrigno, a classmate of Steve Job’s at Homestead High, inspired by both Eichler and Jobs, asked the question at every step of design and construction:

“What would Joseph Eichler build if he were alive today?" (given the cultural changes such as the need for more closet space and current construction materials and technology) and “How would the home look, function, and feel… if Steve Jobs were project manager in charge of construction and design”? 

The result is the home that will be unveiled tomorrow in Sunnyvale!

Somehow, we’re having trouble seeing Steve Jobs approve of all the cement in these pictures. However, if he were the project manager the house would run over budget by a factor of ten and he would leave out the off button on all the light switches.  Kind of like the interior photos on the website.

And the website left out something important: how much?  Burbed found out!

130927-21st-redfin609 W REMINGTON Dr
Sunnyvale, CA 94087
$1,298,000

4 Beds
2 Baths
1,755 Sq. Ft.
$740 / Sq. Ft.
Built: 2013
Lot Size: 7,245 Sq. Ft.
On Redfin: 1 day
Property Type: Detached Single Family
Stories: 1
Community: Sunnyvale
MLS#: 81335908
Style: Modern/High Tech
View: Mountains, Neighborhood
County: Santa Clara

NEW METICULOUS STATE OF THE ART "21ST CENTURY EICHLER" UTILIZING CUTTING EDGE ENERGY EFFICIENT "GREEN BUILD" CONSTRUCTION w/ INNOVATIVE USE OF TECHNOLOGY & CUSTOM DETAILS THROUGHOUT * ONLY THE FINEST MATERIALS, FIXTURES & FINISHES INSIDE & OUT * ZERO ENERGY HOME USING SCALABLE SOLAR CELLS * STUNNING KITCHEN & BATHS, ETC * TOTALLY WIRED * THIS HOME IS ABSOLUTE PERFECTION * TOP SCHOOLS:CUMBERLAND, SUNNYVALE, FREMONT

This must be the first use in a listing, ever, of the terms “TOP SCHOOLS” and “FREMONT” High.  Steve Jobs did not go to Fremont, and Mr. Citringo, “a classmate of Steve Job’s [sic] at Homestead High” knows it.

On the left is the house that Steve Jobs chose to live in. It doesn’t look a lot like this one. The non-Eichler he grew up in, though, may be designated a historic site.

Comments (11) -- Posted by: madhaus @ 7:03 am

September 27, 2013

Speaking of million dollar fixer uppers, here’s one

Only this one isn’t in Palo Alto or even Piedmont. Indeed.

130926-3rd-redfin402 N 3RD St
San Jose, CA 95112
$1,650,000

— Beds
— Baths
3,192 Sq. Ft.
$517 / Sq. Ft.
Built: 1898
Lot Size: 6,302 Sq. Ft.
On Redfin: 30 days
Status: Active
Stories: 2
Community: Central San Jose
MLS#: 81331712
View: Neighborhood
County: Santa Clara

great investment

Not that we’re going to let you, you know, LOOK IT OVER.

This property isn’t all that big and neither is the lot, but it’s supposedly divided (or could be) into little apartments. Buy this house and set yourself up for life as a future slumlord!

Comments (5) -- Posted by: madhaus @ 7:04 am

September 26, 2013

Priced to Sell! In Crockett!

Why would any real estate professional use the phrase “priced to sell”? How many homes listed for sale are actually priced to not sell? Here’s one in Crockett that says the agent took the trouble to let you know about it so he could collect a commission… unlike every other house on the MLS.

130925-bay-redfin425 BAY St
Crockett, CA 94525
$249,900

4 Beds
2 Baths
1,368 Sq. Ft.
$183 / Sq. Ft.
Built: 1932
Lot Size: 3,000 Sq. Ft.
On Redfin: 77 days
Status: Price Change-REO
Type: Detached
Stories: 2
County: Contra Costa
Style: Traditional
Community: Crockett Heights
MLS#: 40622629

With a little TLC this home could really shine. .. .. 4 bedroom home with 2 bathrooms in a split level style. Cozy and easy flowing with a 1 car garage and 2 parking pads. There is a nice yard and filtered views. Priced to sell!!

130925-bay-glowEasy flowing? There’s a leak in the bathroom?

While the house doesn’t merit the Burbed cozy tag (that’s for homes under 1,000 square feet), the land earned the tiny lot award (under 5,000 sf).

We have a theory why this house isn’t selling (77 days on Redfin) and it isn’t the lucky datestamp in the corner. No, it’s the dual poltergeists in the doorways.

Do you see a “Not Haunted” sign in front of this house? Well, do you?

We don’t even want to ask what “filtered views” are.  Filtered through all the ghosts?

Comments (9) -- Posted by: madhaus @ 7:07 am

September 25, 2013

Have you checked out our links?

You should. Every once in a while we add some new content to them. F’rinstance early this morning we added this one. Here’s a few examples. Have fun over there.  Titles exclusively ours, of course.

Thanks very much to Burbed reader SL in SVL for alerting us to this tumblr.

Hide Your Kids, Hide Your Wife

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Museum Quality Listing

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When a cellphone camera is Insufficient

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Click here to post a comment -- Posted by: madhaus @ 7:17 am

September 24, 2013

Reader Request: Live/Work Situation

Here’s one of the more intriguing emails we’ve gotten this year:

I came across burbed and it seems like you have an eye on what’s going on.

We’re looking for a fairly unique place for our company. Something in the SF area (south bay preferred), with a great view.

I realise you’re not an agent, but thought you might be aware of something interesting.

  • 20,000sq ft+
  • great views

We’re a close knit company that live and work together. We realised that for the price of us getting modest apartments and a simple office we could instead live in a mansion together and so far that’s been a much nicer option, but we’re currently spread over three houses and need a bigger place where can live and work together again.

Wow, didn’t we just discuss hacker houses last week? Why, yes we did! Perhaps the above email was in response to our in-depth coverage of someone else’s in-depth coverage!

And well, actually we are indeed a bunch of agents, we just neglected to let anyone know it.  So since our entire writing staff appears to have taken off the last six months, we’re going to throw this one open to our far-flung network of readers, some of which aren’t just pretend agents.

Please reply in comments, and we’re sure our requester will respond to you if you actually found what they’re looking for.  And of course, we expect a 15% finders fee, which beats a 6% commission.

Also note that said reader neglected to say whether this was a purchase or rental. Ha ha! Now they’re going to get all kinds of unsuitable suggestions because they weren’t specific enough! Maybe they’ll post in comments, especially because they don’t want us to shoot the dog.

PS… Turns out they did tell us, in a follow-up:

We’re keen for exciting options, even if a little terrifying. Ideal is rent with option to buy in a year and build more on the land, but renting a large place for 6-12months is a viable option.

Alright! The race to pay us that 15% finders fee is ON! And you can be sure we’ll be holding it for ransom if you expect us to pass it on quietly to the OP.  Put it in the comment, though? Free-for-all!  We’re hoping this one post will generate at least 16 more live/work rent/buy situations just form people reading about this group.

Comments (14) -- Posted by: madhaus @ 7:07 am

September 23, 2013

Complete fixer could be charming

Today’s entry doesn’t mince any words. It also disdains the use of exterior photography for the cover shot.

130923-stjames-redfin288 SAINT JAMES Dr
Piedmont, CA 94611
$950,000

3 Beds
2.5 Baths
2,227 Sq. Ft.
$427 / Sq. Ft.
Built: 1927
Lot Size: 0.29 Acres
On Redfin: 10 days
Status: Active
Type:Detached
Stories: 2
Community: Piedmont
MLS#: 40631365
Style: Normandy
View: Wooded
County: Alameda

Complete fixer in good location on large parcel. Could be very charming needs everything.

Oh, how cute. Now they’re running real estate ads in The New Yorker. Guess they have to hire cartoonists when this what it really looks like.

130923-stjames-photo130923-stjames-kitchen130923-stjames-wtf130923-stjames-srsly-wtf

Comments (14) -- Posted by: madhaus @ 7:01 am