August 4, 2014

San Bruno house great for both of your families

828 4TH Ave
San Bruno, CA 94066
$868,888 Price 
5 Beds 
3 Baths  1,358 Sq. Ft.
$640 / Sq. Ft.
Built: 1934 Lot Size: 5,000 Sq. Ft. On Redfin: 50 days Status: Active
20140804

JUST REDUCED BY $20,000 –Two Homes on one lot- Detached . One car garage- deep driveway-plenty of parking-large lot. Ideal for people who have two families. A good investment. GREAT POTENTIAL– CHECK OUT NEIGHBORHOOD IMPROVEMENTS, ALSO CLOSE TO NEW CALTRAN STATION ON SAN BRUNO AVE

Thanks to Burbed reader Mr_Handy for this find!

Here’s what he had to say:

“Ideal for people who have two families.”  I dunno about you guys, but I don’t want my wife and my mistress living that near each other. :D

I dunno, Mr_Handy. Have you thought about the potential for residuals from a reality TV show – and the merch that might go along with it? I’m thinking “Big Love – San Bruno”

Also, once again, let’s not forget the plenty of parking situation. You could operate your own airport car park here! More income streams!

This seems like a huge potential for people who want to make money.

Can you think of any other ways to make money from this house?

Comments (4) -- Posted by: burbed @ 5:34 am






July 28, 2014

This one will not last! … in San Carlos

2508 EATON Ave
San Carlos, CA 94062
$729,750 Price 
3 Beds 
2 Baths  1,590 Sq. Ft.
$459 / Sq. Ft.
Built: 1949 Lot Size: 4,500 Sq. Ft. On Redfin: 2 days Status: Active
20140727
INVESTOR OPPORTUNITY! Loads of upside potential. Needs updating and foundation repairs. Located in the Carmelita Manor neighborhood with well cared for and high-end homes. Easy freeway access for commuting to Silicon Valley or San Francisco. Act fast! This one will not last!

There’s a saying that you should buy the worst house in a good neighborhood.

Is that this house?

Could you actually update this house and repair its foundations? Or will you need to tear it down and rebuild? That’d be another $500k-$600k.

Is that what they mean by this one will not last? If there’s a big puff of air, will this immediately fall over?

That said, if you do tear down this house, you should at least salvage this:

20140727b

Check out that yellow faucet. Now if that’s doesn’t make this house, I don’t know what would.

So, are you going to buy this, you smart “investor”, you?

Comments (13) -- Posted by: burbed @ 5:57 am

July 23, 2014

San Francisco median home prices are $1 million! Congrats!

For the First Time, San Francisco Is a Million Dollar City

Median home prices in SF hit record high

Median home prices in San Francisco broke a new record, for the first time ever topping $1 million. That’s the first time that the nominal median—the figure at which half of all sales are above and half below—broke the seven figure barrier in the Bay Area. The year-over-year change in nominal median sales prices for the city was 13.3%.

Part of the jump comes from an influx of cash buyers, including what real estate agents are calling "Google kids," or folks with hefty stock compensation looking to get into real estate. There’s also an influx of investors from outside the United States, particularly China and the rest of Asian, who see San Francisco as a strong investment. The flip side—limited supply. The Chron quotes one real estate expert as saying, "The number of new units pales in comparison to the number of new jobs in San Francisco."

The cost of renting an apartment continued to increase, with a jump of 5.6% in the first quarter of the year to an average of $2,158. Without the addition of 2,171 units of housing in San Francisco, and many more in the region as a whole, over the last year, that increase would have been even higher. Just look at Oakland, which added no new apartment buildings at all in the last year, and saw its average rents jump 10.6% in the first quarter of 2014.

Congrats everyone! Working together we did it! $1M!

We have surpassed our arch-nemesis of Manhattan which is only $972k!

Quick! Everyone use uber to the nearest bar and break open the champagne!

Any predictions for next year? Will it be $2M or $3M?

Comments (3) -- Posted by: burbed @ 5:26 am

July 21, 2014

Great starter opportunity in Cupertino with drought tolerant landscaping

10732 MORENGO Dr
Cupertino, CA 95014
$998,888 Price 
3 Beds 
2 Baths  1,249 Sq. Ft.
$800 / Sq. Ft.
Built: 1955 Lot Size: 6,600 Sq. Ft. On Redfin: 10 days Status: Active
20140720b

Great starter opportunity in the award-winning Cupertino School District. This 3/2 has updates in Kitchen, baths, dual-pane windows, new siding & insulation and drought-tolerant landscaping. Large lot with room for expansion.

Once again, it’s a 888 house in Cupertino. Hey Chinese buyers – this is your lucky house! (Well, that and the other 1204 888 houses…)

Let’s check out the updated kitchen and bath… oh wait… there are no other photos. Huh.

Well, let’s look at this photo then. You can definitely see the drought-tolerant landscaping. I believe the dominant species here is Concretus everywheri. Very drought tolerant. In fact, too much water could definitely be a problem.

I’m a little perplexed as to what that thing in front of the house is. Is that a volley ball net for really tall people?

Something else?

How much do you think this house will sell for? I’m guessing $1.5M.

Comments (4) -- Posted by: burbed @ 5:48 am

July 16, 2014

A new challenge for Real Bay Area Real Estate

Thanks to Burbed reader Nomadic for this find:

Stash Pad

Those on the New York end of the transaction often don’t know—or don’t care to find out—the exact derivation of foreign money involved in these transactions. “Sometimes they come in with wires,” says Luigi Rosabianca. “Sometimes they come in with suitcases.” Most of the time, the motivation behind this movement of cash, and buyers’ desire for privacy, is legitimate, but sometimes it’s not. An inquiry by theInternational Consortium of Investigative Journalists, a Washington-based nonprofit, has uncovered numerous cases in which New York real estate figured in foreign financial- and political-corruption scandals. “It’s something that is never discussed, but it’s the elephant in the room,” says Rosabianca. “Real estate is a wonderful way to cleanse money. Once you buy real estate, the derivation of that cash is forgotten.”

More typically, though, foreign buyers are searching for a favorable investment climate and the identity protection provided by an LLC. Rosabianca’s client, the Italian, lives in Nigeria, where her husband is in the oil business. But she said she was still a tax resident of her home country, giving me a knowing look. Italy taxes its citizens’ overseas assets—if it can find them. “To invest in Italy now is terrible,” she said. So the Italian spent most of her Sunday in taxis, bouncing from Gramercy to Tribeca to the High Line in search of the right place to store her wealth.

She ended up back downtown at 75 Wall Street, where she saw a unit she liked: a one-bedroom belonging to a Panamanian-owned company. She ended up making an offer on both that one and the condo at 20 Pine, but ultimately settled on yet another unit at 75 Wall for $1.3 million. The seller was also an LLC, its true owner unknown.

(Click to enlarge)

How unfortunate. How very, very, very unfortunate.

Not once does this article mention the Real Bay Area. Where is Cupertino in any of this? Palo Alto? Even San Francisco?

Why is New York getting all this laundered money?

Dear Russians, Nigerians, Chinese, Brazilians – the Real Bay Area is just as prestigious as Manhattan and London. Please send your millions of dollars in cash and loose diamonds here. We need your help to drive real estate to $5,000 per square foot!

Please act today!

Comments (1) -- Posted by: burbed @ 5:05 am

July 14, 2014

Super development opportunity in Redwood City

249 E OAKWOOD Blvd
Redwood City, CA 94061
$698,000 Price 
2 Beds 
1 Baths  840 Sq. Ft.
$831 / Sq. Ft.
Built: 1920 Lot Size: 6,578 Sq. Ft. On Redfin: 71 days Status: Active

20140714 

NOW’S YOUR CHANCE! GREAT PRICE FOR SUPER DEVELOPMENT OPPORTUNITY FOR CASH BUYER & QUICK CLOSE. ABOUT 6,580 SQ FT LOT ZONED R-1. GREAT SPOT TO BUILD A NEW HOUSE & MAYBE A GUEST HOUSE – CHECK W/ REDWOOD CITY FOR GUIDELINES. FLAT, SUNNY LOT. OLDER COTTAGE OCCUPIED BUT NEEDS EVERYTHING. PLEASE DO NOT DISTURB OCCUPANTS OR GO ON THE PROPERTY WITHOUT ME. "FELL THROUGH" – NO FAULT OF THE PROPERTY.

Who doesn’t want a super development opportunity?

I mean, just look at this! It even comes with some supplies to help jumpstart your new project!

20140714b

That’s probably a good thing since there is an older cottage that is “occupied but needs everything”.

But hey, just check out what else this house comes with:

20140714d

Awww. How cute!

What would you do with this super development opportunity in Redwood City?

Comments (1) -- Posted by: burbed @ 5:11 am

July 7, 2014

This San Jose house has so many pictures… except for one

1723 TERILYN Ave
San Jose, CA 95122
$499,000 Price 
3 Beds 
1 Baths  960 Sq. Ft.
$520 / Sq. Ft.
Built: 1959 Lot Size: 5,000 Sq. Ft. On Redfin: 33 days Status: Active
20140707a
Great starter home, newer floors, paint within the las 12months, newer kitchen cabinets, home is imaculate come by and see as it wont last.

Wow. Look at the effort put into this listing. 15 pictures!

So you can see the paint within the “las 12months” and how the home is “imaculate”.

I especially enjoy pictures like this one:

20140707b

When people talk about how real estate in the Bay Area defies gravity, they certainly aren’t kidding. Look at this!

So we have pictures of kitchen, hallway, dining room (with fridge), living room, bathroom, courtyard, backyard, yard, rose garden, bed room, rose garden, living room, bed room, and covered grill.

Hm… it really feels like there’s one picture missing.

Oh wait, I know what it is!

20140707g

Huh. Strange how the realtor forgot to include this picture! I mean… it’s a gated community… err… house! That’s gotta be worth something!

Question for you: how would you improve this starter home?

Comments (2) -- Posted by: burbed @ 5:03 am

June 30, 2014

This Sunnyvale house really rocks! (Rocks not included)

Thanks to burbed reader Greg for this find!

1330 HOLLENBECK Ave
Sunnyvale, CA 94087
$1,095,000 Price
4 Beds
2 Baths  1,675 Sq. Ft.
$654 / Sq. Ft.
Built: 1962 Lot Size: 8,140 Sq. Ft. On Redfin: 16 days Status: Active

Excellent neighborhood and location. 4 bedrooms and 2 full baths. Formal entry, wood burning fireplace in living room plus slider to patio via kitchen and Master Bedroom. Large back yard with patio and lots of trees and plants. Needs some TLC, but very much worth the effort. Rock landscaping is not included in sale. Tenant (family member) is willing to negotiate separately for his work.

20140629a

So, what caught Greg’s attention?

Will the Tenant really pack up the rocks and take them to his new house? Check the pics, its not like its just 1 or 2 rocks to move…

All for the bargain price of 1,095,000

Well, let’s take a look!

20140629b

I love the little bushes! Clearly someone was inspired by this!

20140629c

But wait! There’s more!

20140629d

Wow… that’s a lot of rocks! A lot of a lot of rock!

Just another very special property, for a very special place Real Bay Area!

How much do you think it will cost for this family member (who has to negotiate separately) to help you clear all these rocks?

Comments (4) -- Posted by: burbed @ 2:53 am

June 23, 2014

Square footage is a moving target, professionals say

How big is that house, really?

Square footage is a moving target, professionals say

A home’s square footage is a number easily misrepresented, especially when determining ever-ambiguous "liveable space." Measurements can be taken in numerous ways, and what to include in those measurements — garages, basements or porches — is often unclear.

"There are customs … that vary from community to community," Dreyfus said. "There’s no universal way of arriving at that number."

In the Real Bay Area, we are all locavores. As a result we deeply respect the right of local communities to make the right decisions on things.

For example: If you put an extra mattress in a garage in Redwood City, of course that should be counted as part of the sqft! But that would never be acceptable in, say, a far-away land like Atherton.

But fear not… realtors are here to help!

Article 12 of the Code states, "Realtors shall be honest and truthful in their real-estate communications and shall present a true picture in their advertising, marketing, and other representations."

Violating any part of the Code could mean expulsion from the organization or fines.

As well know, Realtors are the paragon of truth telling. I, for one, would welcome our Realtor overlords… for they would definitely be fair and just. And nothing is more fair and just than this:

"If you put furniture in it, it’s livable space," said Harrison, noting that common sense and a required training process can help clarify the term for Realtors and real-estate agents who post on the site.

Remember my mattress in the garage example? Even if the mattress is leaning against the wall, it will count (maybe you’re a former astronaut relocating to Redwood City – climate best by government test after all.)

But according to Harrison, misrepresentation in real estate doesn’t happen often.

"Very rarely does anyone go in and put in a ficticious square-footage number," he said.

Also, since sellers are almost on the verge of taking the next step by requiring bids being placed without even seeing the house, why bother worrying?

After all… housing prices can only go up, so what’s a few sqft.

How would you measure a home?

Comments (11) -- Posted by: burbed @ 2:24 am

June 20, 2014

SEO advice needed

Dear Burbed readers who have some free time this fine Friday,

What can this site do to improve its SEO-ness?

-Burbed

Comments (4) -- Posted by: burbed @ 5:57 am