June 16, 2014

Can you breathe underwater too?

461 HAMILTON Ave
Menlo Park, CA 94025
$699,999 Price 
4 Beds 
2 Baths  1,020 Sq. Ft.
$686 / Sq. Ft.
Built: 1951 Lot Size: 5,870 Sq. Ft. On Redfin: 30 days

Fabulous remodeled home in great central location. Designer niches, window coverings and lighting. Large Lot 5870 square feet. The home includes a wonderful kitchen with large counter top, family room with fireplace attached. Formal dining and living room areas. Open floor plan great for family and entertaining. Lots of backyard space with new patio cover, paved walkways, vegetable and fruit trees

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Thanks to Burbed reader JL for sending this in.

So what? Isn’t this just another ordinary 4 bed room 2 bathroom house in 1020 sqft?

Let’s take a look inside!

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Everything is so curved!!

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Is this the mystery spot?

JL and I agree: Most realtors probably have gills. That can be the only explanation for this genre of photography.

Comments (1) -- Posted by: burbed @ 5:50 am






June 10, 2014

BOGO in Redwood City

414 ST FRANCIS St
Redwood City, CA 94062
$675,000 Price 
1 Beds 
1 Baths  690 Sq. Ft.
$978 / Sq. Ft.
Built: 1946 Lot Size: 6,517 Sq. Ft. On Redfin: 11 days Status: Active

Very unique property offering endless possibilities! TWO SEPARATE UNITS on a large lot. Terrific location! Great opportunity for investors, builders or owner occupied buyers. Main house is a charming 1 bedroom, 1 bath featuring a cheerful living/dining room combo; deck with views of the hills; a large bedroom; hardwood floors. The second unit is 1 bedroom with a private side yard. Open Sat/Sun 2-4.

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That’s right! Buy one get one! Who doesn’t like a deal?

I don’t know about you, but that second house (which looks suspiciously like a former garage or barn) would be great for servants.

That’s right, all you Downton Abbey fans – this is the house for you! Just think! You could be the lord of 414 St Francis! How prestigious!

Most importantly, your servants would literally be below you (since the second unit is a bit sunken). Feeling high and mighty already, right?

Deals like this don’t come up everyday! And at just $675k! What a steal!

Bogo before it gogos!

Comments (4) -- Posted by: burbed @ 5:51 am

June 2, 2014

Burlingame house that proves there’s no housing bubble

121 HUMBOLDT Rd
Burlingame, CA 94010
$1,260,000 Price 
3 Beds 
2 Baths  1,340 Sq. Ft.
$940 / Sq. Ft.
Built: 1955 Lot Size: 6,100 Sq. Ft. On Redfin: 48 days Status: Active

Charming home with eat-in-kitchen, 3 bedrooms, 2bathrooms and spacious living room with fireplace and dining area. Converted garage in backyard with bath. .. permits unknown. Attached 2-car garage with laundry area and access to backdoor.

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There are those pessimists that declare we are at the peak of another housing bubble.

First, let’s get things straight – there was never a housing bubble. Those wild days of 2004-2006 were simply some housing exuberance, like an EDM song waiting for the bass to drop. (Not familiar? Educate yourself here)

Now, we all know that Burlingame is one of the most desirable cities in the nation because of its _____, _____, and halfway between SF and Mountain View.

Doesn’t that automatically make this house worth $1.26M?

Also, this is really two houses!

Bubble? What bubble.

Comments (9) -- Posted by: burbed @ 5:50 am

May 28, 2014

What is the minimum salary to buy a house in San Francisco?

You Must Make At Least $137,129 A Year To Afford A Home In San Francisco

You need make at least $137,129 a year (before taxes) to afford a home in the Fog City, which according to a new report is the most expensive city in the country for home buyers.

Coming in a distant second place is San Diego, where you need to bring home $98,534 a year to afford the principal, interest, taxes and insurance of a median-priced home, the measure used to make the calculations by HSH Associates, the mortgage-tracker that published the report.

New York City scored third place — perhaps surprisingly, because of its notoriously high rents. You "only" (hahaha!) have to make a salary of $89,788 a year to afford a mid-level apartment.

The widening gap between rich and poor in San Francisco just keeps getting worse. A recent report ranked income inequality in the city on par with developing countries including Rwanda.

This poses a real dilemma for us in the Real Bay Area. Now that we’ve set the bar so high, how we do we drive this even further?

I have a feeling that if we all work together, we can drive this minimum to a nice even $200,000.

What will you be doing to make this happen?

Click here to post a comment -- Posted by: burbed @ 5:19 am

May 26, 2014

No wonder California is called “The Golden State”

I hope you’re enjoy this Memorial Day!

As a community of people obsessed homes, we should also remember those houses that are still underwater.

Obviously, there are none in the Real Bay Area though…

Rent or Buy? The Math Is Changing

Billy Gasparino and Jenna Dillon-Gasparino were savvy enough to wait out the housing boom of a decade ago as renters. Not until 2010, well into the bust, did they buy a house in the Venice neighborhood of Los Angeles, less than a mile from the beach, for $810,000.

Only four years later, the couple see new signs of excess in the housing market and have decided to go back to renting. They are close to a deal to sell their house – for $1.35 million, a cool 67 percent gain.

Is it any wonder that California is called? Every house you touch turns to gold. And we all know that gold always goes up in value!

Since the start of 2011, prices have risen 33 percent in the San Francisco area, 30 percent in Miami, 24 percent in Los Angeles — and even more in some of the most desirable neighborhoods within those areas.

In the San Francisco Bay Area, home of the sharpest recent price increases, the sale price of a home is about 20 times what it would cost to rent a home of the same size for a year. That ratio, based on an analysis of data from Zillow, is the same as in 2003, when the San Francisco real estate market had yet to become an out-of-control bubble but was well on its way there.

That’s right! Based on data… DATA…there’s still plenty of upside for the homes in Silicon Valley.

But wait.. there’s more!

When low mortgage rates are taken into account, buying a home in San Francisco looks somewhat more attractive — but with a 10 percent down payment and prevailing interest rates, buying a home is 6 percent more expensive than renting a place of the same size, the same premium for buying as there was during the dot-com boom in 1999. Just two years ago, buying in the San Francisco area was 24 percent cheaper than renting an equivalent place.

There you have it! The NY Times says now is a great time to buy a home in San Francisco.

“If you thought home values in the Bay Area or Southern California were such that we might see another housing correction, that radically starts to advantage rental housing,” said Stan Humphries, Zillow’s chief economist, who argues that current prices are reasonably well justified, while acknowledging that prices are high enough to leave buyers exposed.

Even the Chief Economist at Zillow agrees!

This time it’s different. The economics have changed. The paradigm has shifted. House prices simply cannot go down.

I’m surprised you haven’t gone and picked up 6 houses over the weekend!

Comments (5) -- Posted by: burbed @ 5:00 am

May 19, 2014

Redwood City house with secret treasure?

358 POPLAR Ave
Redwood City, CA 94061
$699,000 Price 
2 Beds 
1 Baths  1,110 Sq. Ft.
$630 / Sq. Ft.
Built: 1946 Lot Size: 5,616 Sq. Ft. On Redfin: 26 days Status: Active

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Cozy and efficient home. Need some TLC and updating to make this home really shine again. Large lot with potential for home expansion/addition. Excellent open floor plan with hard wood flooring and wood burning fire place. Convenient location. Close to shopping and restaurants. Easy access to highways.

Easy access to highways indeed!

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But let’s look at some of the latter photos:

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Huh. Notice the barred windows, the carefully concealed crawl space.

But wait… there’s more!

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Do you spy what I spy? Let’s go in for a closer look!

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Whoa. What is this! Is there buried treasure underneath? Is that what makes this home so special? What could possibly be under there? Pre-ipo shares of GOOG? AAPL?

I think you had better buy this house soon before Nicholas Cage does!

Comments (7) -- Posted by: burbed @ 5:12 am

May 12, 2014

This house has a supra lock box

1355 TORRANCE Ave
Sunnyvale, CA 94089
$750,000 Price 
3 Beds 
2 Baths 
1,000 Sq. Ft.
$750 / Sq. Ft.
Built: 1956 Lot Size: 5,500 Sq. Ft. On Redfin: 24 days Status: Active

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Supra lock box on Tuesday 4/22/14

People always ask me: How do you know if a house is good?

Well, there’s a few ways. First, knock on the house – is there a dull hollow sound? Oh wait, that’s something else…

Frankly, I look at two things:

1. What type of car is in the driveway?

2. What kind of lock box is used?

This listing, shockingly, answers both.

There appears to be a sweet, sweet, sweet, corvette in the driveway. And it’s held back by a metal gate. This is definitely a sign of greatness. Just sitting in the car, behind the gate, you can pretend you are Joe Biden. Just like this!

Another sign? The lock box. What kind of lock box does the house use? This uses a supra! A supra!

If the realtor didn’t care, then they probably would’ve used another brand of lock box – but the fact that only the best was used means that this is a good house. A great house. I mean, just look at all the photos of… this… uh… house.

Comments (10) -- Posted by: burbed @ 5:00 am

May 5, 2014

Fixer upper of the year in Sunnyvale.

764 KILKENNY Ct
Sunnyvale, CA 94087
$699,950
Price 
3
Beds 
1.5
Baths  1,152 Sq. Ft.
$608 / Sq. Ft.
Built: 1958 Lot Size: 5,488 Sq. Ft. On Redfin: 2 days Status: Active
Active

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Fixer Upper of the Year located in a Million dollar Neighborhood only minutes to Cupertino Village Shopping Center, Vallco Shopping Mall, Ortega and Raynor Parks, new Apple Headquarters and Top Cupertino Schools:Collins Elementary/Cupertiono Middle/Fremont High School. This home is truly a Diamond in the Rough!

Thanks to Burbed reader M.L. for this find. This is what M.L. had to say:

“Diamond in the rough” – I don’t know why they didn’t just say “bring yer bulldozer.”

Surely you must be kidding. What could possibly be so bad about this home?

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Oh.

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Um.

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Is that a pencil sharpener?

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What?

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But hey it’s got hard wood floors!

Yeah this house has some rough edges, but that’s why it’s a diamond in the rough. A little elbow grease here and there, and definitely some bleach will have this house in brand spanking condition in no time at all!

Isn’t this a great opportunity?

Comments (9) -- Posted by: burbed @ 5:06 am

April 28, 2014

IDEAL FOR CREATIVE VISIONARIES

10711 GASCOIGNE Dr
Cupertino, CA 95014
$990,000 Price 
3 Beds 
2 Baths  1,249 Sq. Ft.
$793 / Sq. Ft.
Built: 1955 Lot Size: 5,775 Sq. Ft.

20140042110711

IDEAL FOR CREATIVE VISIONARIES! CHARMING, QUIET NEIGBORHOOD IN CUPTERINO SCHOOL DISTRICT. THE HOME IS BEING SOLD “AS IS”. DON’T MISS OUT ON ALL THIS HOME COULD BE. CLOSE TO SHOPPING AND FREEWAYS

Silicon Valley is full of visionaries. Full of them. Every time you turn the corner, walk into a Philz, you’re bound to bump into at least 328 visionaries.

This realtor also clearly has vision. Let’s take a look:

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You have to admit – that arm in with green sleeve in shot is pretty ground breaking. Think Different!

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I love the staging in this shot. Ironing board. Mattress. Window with no coverings. I think the only reason this isn’t in the SF MoMa right now is because it’s closed for construction!

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And finally, who can deny the vision of this shot: “Giant Red Bed with Camera Strap”

But enough of this realtor’s visionary artistic skills. It’s your turn.

How will you sculpt these pieces of clay into an elegant tapestry? [Bonus points for the first person to get the reference.]

Comments (11) -- Posted by: burbed @ 5:00 am

April 21, 2014

A must see house in Milpitas

389 SPENCE Ave
Milpitas, CA 95035
$789,000 Price 
5 Beds 
3 Baths  1,949 Sq. Ft.
$405 / Sq. Ft.
Built: 1955 Lot Size: 6,000 Sq. Ft.

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Spacious Home in Milpitas Area. Friendly neighborhood and near major shopping easy access to 880 hwy & 237. Closed to school and all High Tech company. Must see

Millions of houses have graced the pages of burbed, and every once in a while a real head scratcher pops up. Like this one.

Did this house start off as being 1 story, and then sprout a second floor on only half of the house?

Are those brick columns really holding up that second floor?

What’s going on with that driveway? Aren’t there too many curb cuts going on?

And what’s with that boat? I’m pretty sure that belongs to the neighbor.

Must see indeed! Are you going to leave work early to see this?

Comments (5) -- Posted by: burbed @ 5:00 am