May 1, 2013

Does a non-RBA street name cancel out the city?

We are done with the April blogging challenge, so let’s get back to what made Burbed what it is: ridiculously overpriced crapboxes! And what better place to find it than in our very favorite city, Palo Alto?  Thanks much to Burbed reader Pizzawillcome for this, um, thing you could seek shelter in if you absolutely had to.

130430-stockton-redfin3375 STOCKTON Pl
Palo Alto, CA 94303
$1,299,900

4 Beds
2 Baths
1,716 Sq. Ft.
$758 / Sq. Ft.
Built: 1958
Lot Size: 6,400 Sq. Ft.
On Redfin: 52 days
Property Type: Detached Single Family
Community: South Palo Alto
MLS#: 81307408

Classic Eichler home with central atrium. Nice backyard. Large utility room can also function as a den, office, or playroom.

Here’s why Pizza sent in this house:

I didn’t pull the trigger on this one, and now it is back! Same pictures as a month ago. Gotta burb-alert it now.
Unfolded laundry on the couch and floor, littered stuffed animals and toys. When I get bored with overly staged houses, I think of this one.

Fortunately, the Redfin agent has some useful comments to share as well!

130430-stockton-redfin-agent

Original condition! That’s excellent news! None of those second-rate replacements of vintage pressboard walls.  But these photos just sell the house, don’t they?

130430-stockton-kitchen130430-stockton-dining130430-stockton-tables130430-stockton-tv

And note how the use of light draws your attention in to all the details.

130430-stockton-bedroom130430-stockton-bedroom2130430-stockton-living130430-stockton-yard

That is, if you can see them. This technique seems to work just as well in the outdoor shot of the yard, demonstrating just what kind of a professional we’re dealing with.

So, if a house is for sale in the Real Bay Area, but it’s on a street named for somewhere that is Most Certainly Not In The Real Bay Area, how high will the overbids be?

Comments (18) -- Posted by: madhaus @ 5:01 am






April 30, 2013

We got Zip

130429-scrabble-ztileZoinks! Today’s the very last day of the Blogging from A to Z Challenge, and it’s also the last of the Triple Threat of Cityless Letters! There are no cities or towns in the Bay Area that start with Z. There aren’t even any neighborhoods in our two largest cities willing to cooperate. What to do, what to do?

BlogAtoZ-ZWe could discuss the complete fail that is the Zero lot line home. (How can you water your own lawn when there’s a house in the way?)  We could really Zone you out by digging deep into tl;dr territory with some Zoning violations! Or how about our favorite series on this site, ever? Yes, Zillions of Zip Codes!

Fortunately, we’re not going there. Instead, let’s drop by one of our favorite real estate sites.

120429-zileman-zillow5866 Zileman Ct
San Jose, CA 95123
Pending: $650,000

Est. Mortgage: $2,274/mo
Bedrooms:4 beds
Bathrooms:2 baths
Single Family:1,846 sq ft
Lot:6,534 sq ft
Year Built:1968
Last Sold:Dec 2012 for $565,000
View virtual tour

Construction Quality 6.0
Garage Size 439
Last Remodel Year 1969
Lot Depth 113
Lot Width 58
MLS #81309066
Parcel #69215003
130429-zileman-kitchen-closerRoof TypeAsphalt
Room Count 8
# Stories 1.0
Structure Type Contemporary
Unit Count 1
View Mountain
Zillow Home ID 19828550

Description

Modern beautiful sparkling remodeled home,spacious and bright, freshly painted inter and exter. approx 1846 Sf of living space,6554 sq.ft.lot , warm and cozy 4 largebedrooms and 2 new baths, dual pane windows,recessed lighting,central air,indoor laundry, living room with fireplace, finished 2 car garage,updated kitchen w breakfast nook. Nice curbappeal

130429-zileman-bed-glowZestimates

Value: $570,609
Range: $428K – $605K
30-day change: +$25,268
$/sqft: $309
Last updated: 04/28/2013

Rent Zestimate $2,591/mo
Range: $1.1K – $3.4K/mo
30-day change: -$8
$/sqft: $1.40
Last updated: 04/29/2013

Market Guide

Zillow predicts Santa Teresa home values will rise 5.8% next year, compared to a 5.9% rise for San Jose as a whole. Among Santa Teresa homes, this home is 21.1% more expensive than the mid-point(median) home, and is priced 9.3% more per square foot.

130429-zileman-tv130429-zileman-bedroom

130429-zileman-bathroomZounds! That stormy sky is no Zephyr! More like dialing the HDR up to 11 when Zero would have been more appropriate. Yeah, photographer was too Zealous. And when we Zip inside, best bring your Geiger counter, because there’s particle decay in them thar bedspreads. Watch out for Zeta rays (there’s no such thing, but it sounds all science-y and danger Zone if you get Zapped by them).

Most of all, Z is for Zestimate, Zillow’s best known feature. This home’s Zestimate is $570K, when it was listed for $650K and went pending in 3 days. What do you predict this house will end up selling for?  Don’t forget the curbappeal.

Comments (11) -- Posted by: madhaus @ 5:03 am

April 29, 2013

This is the finest residential property in Yountville

BlogAtoZ-YYes, we’re getting near the end of the Blogging from A to Z Challenge. Aren’t You thrilled? Today we’re heading up to the whine, whoops wine country to see what prices are doing far from the SF/SV axis of insanity.

And, Yoiks! This doesn’t look much different!  A generous but not ginormous house, on a comfortable, but by no means estate-quality lot. Perhaps the owners thought they were in Saratoga or something?

130428-jefferson-redfin6761 Jefferson St
Yountville, CA 94599
$3,100,000

3 Beds
2.5 Baths
2,600 Sq. Ft.
$1,192 / Sq. Ft.
Built: 2006
Lot Size: 0.27 Acres
On Redfin: 116 days
Status: Active
Property Type: Residential, Detached, Single Family
Stories: 2
County: Napa
Style: Craftsman
Community: Yountville
MLS#: 21300060

Extraordinary custom-built California craftsman style home. Two-story main house with 3BD/2.5BA; pool house with kitchen & full bath; pool/spa plus numerous special features. Top quality throughout. This is the finest residential property in Yountville.

130428-jefferson-bedThere isn’t much for sale in Yountville right now, and we wondered which best exemplified the market.  There’s a snouty looking condo, two cottages crammed onto one lot, a brand new place with some really tired-looking pix, a tornado-watch of charming trailer mobile homes, and this Extraordinary custom-built California craftsman style home. 

Or should we say this Extraordinary custom-built California craftsman style home that’s been sitting on the market for 116 days.  Built right when the bottom was Yanked out of the exurban market in 2006, Yet.

Yikes, what to do? How about You let us know what You’d pick if you had to live in Yountville?

Comments (6) -- Posted by: madhaus @ 5:06 am

April 28, 2013

Bay Area Bubble 4.0: The Real Bay Area is Real, too

We told you there was a Bay Area real estate bubble. This mercurynews.com (motto: we were once a newspaper, really!) article caught our attention. Not only does it lend support to everything we said about peak housing prices in northwest Silicon Valley and other prime real estate markets, there’s another interesting reveal as well.

Bay Area housing recovery spreads from Silicon Valley to East Bay

130427-svpeak-mapBy Pete Carey, San Jose Mercury News
Posted:   04/26/2013 06:54:33 AM PDT, Updated:   04/26/2013 06:54:55 AM PDT

The Bay Area’s overheated housing market is restoring thousands of homes to their pre-crash peak values in a ZIP-code-by-ZIP-code recovery that is rapidly spreading from Silicon Valley to the East Bay.

Thirty-four of 185 ZIP codes in five counties have regained or surpassed their bubble-era peak home value or are less than 1 percent from it, according to this newspaper’s analysis of February median values for all homes from online real estate site Zillow.

Another 49 ZIPs are within 15 percent of their previous highs, including 18 in the East Bay. A year ago, only part of leafy Palo Alto had regained the value it lost after Bay Area home values crested in 2006-07.

"Seven or eight years ago, there was really a bubble," said Richard Green, director of the Lusk Center for Real Estate at the University of Southern California. "Now it’s just good real estate where values are returning to near past peaks."

Yes, This Time It’s Different 4.0.  This is “good real estate” as opposed to Bay Area Bubble 3.0 which was also considered “good real estate,” as we can see by looking at some of the stories they ran in 2006.  Here’s one:

MercuryNews.com | 10/03/2006 | ‘Burdened’: Area owners pay a big chunk of their income for housing
Lenders and other home buying experts said they’re not surprised by the numbers, which they said reflect a long-running trend in the Bay Area. And some questioned whether the 30 percent figure was outdated, saying many people can afford to pay more.

[snip]

Lenders and real estate experts said home buyers in the Bay Area are used to paying more for housing than home buyers elsewhere, and that many, like Singer, use their homes as a savings plan. Most have figured out how to manage the extra debt, they said. In some cases, borrowers are making smaller down payments than previous generations of home buyers.

“(They) are going to make the lifestyle change necessary to own a home, which may mean that 50 percent of their income goes to their mortgage. . . . (They) don’t go out to dinner, they don’t go shopping anymore. It’s about changing their lifestyle,” said Andrea Lanier, a mortgage broker with the San Mateo office of Bankers Preferred Real Estate Loans.

But what we’d also like you to pay attention to is the map pictured above.  Green represents home values above the 2005-08 bubble previous peak, and red means the current value is below the pre-crash peak.  And by “values” they mean those Zestimate numbers that Zillow not only made up, they keep changing the historical data retroactively. Hope that’s science-y enough for you because we’re sure convinced! 

The first thing we noticed was that there’s green where we expect to find it: along the 280 spine.  Where’s the red? Why the East Bay, of course.  Now, let’s look at this map next to a few others we’ve featured in the past.  As always, you can click on any map to see a larger version.

First, here’s the map above next to a recent Zillow map of negative equity.  Difficult to have high home values when the homes are worth less than the “owners” owe on them.

130427-svpeak-map

Next, the infamous “Whole Foods vs Walmart” location maps.

And finally, the some of the “Real Bay Area” maps we’ve provided in the past.  2010 is on the left, 2008 on the right.

And here’s the granddaddy.

Hate to say we told you so, but we told you so — about ten kajillion times.  Eventually Bay Area Bubble 4.0 will raise East Bay home prices above the last peak, by which point The Real Bay Area (which most certainly does not include the East Bay) will be so expensive that even dual-income Google couples will be Priced. Out. For-EVEH!

Until Bay Area Bubble 4.0 goes all Bubblepopcalypse on us and we start preparing for Bay Area Bubble 5.0. As you load up on gold bars and dried beans, let us know what Open Houses you were checking out, because this is also your Weekend Open Thread!

Comments (13) -- Posted by: madhaus @ 5:08 am

April 27, 2013

X marks the spot

130426-scrabble-xBlogAtoZ-XWelcome to the most difficult entry in the entire Blogging from A to Z Challenge. X is the letter that leads to cheats (like finding a house in FairfaX), tweet-style entries (X-treme anything), and words that are unrelated to the blog’s subject (wouldn’t you all like an entry on Xylophones? Hint: they’re supposed to be made of wood).

But no, we’re going to rise to this challenge properly, even if we have to go all the way back to 2010 to comply!  It was either that or another one of our tl;dr essays on the subject of how odd Xenophobia looks to residents of the Real Bay Area.  You can let us know whether we made the right choice with the property listings by speaking up in comments.

130426-lorelei-redfin72 LORELEI Ln
Menlo Park, CA 94025
$780,000

3 Beds
2 Baths
1,120 Sq. Ft.
$696 / Sq. Ft.
Built: 1956
Lot Size: 5,130 Sq. Ft.
Sold On: Aug 24, 2010
Property Type: Detached Single Family
Stories: 1
Community: Flood Park Area
MLS#: 81033951

Charming remodeled 3 bedroom/ 2 full bathroom home, inspired by the California and Silicon Valley lifestyle, on a quiet cul-de-sac in a wonderful Menlo Park neighborhood. Notice the professionally designed xeriscape in the front yard that utilizes California native and drought resistant vegetation. Check out the no-mow front lawn (it is very cool). Hardwood floors, open beamed ceilings.

Yes, dear readers, our entry for today is Xeriscaping.  Xeriscaping is landscaping with drought-resistant or desert-native plants. The point of xeriscaping is to conserve water and reduce yard waste, and it’s also one of those trendy terms we find on this parody site (of late neglected). And we’ve covered many a house with those kind of front yards! So now that we went back to 2010 to find the only use of the word in any Bay Area home listing anywhere (and they had to turn it into a fracking noun while they were at it), let’s come up with a more recent offering more suitable to the needs of the current home buyer.

130426-riochico-redfin201 RIO CHICO Dr
San Jose, CA 95111
$440,000

6 Beds
3 Baths
1,769 Sq. Ft.
$249 / Sq. Ft.
Built: 1959
Lot Size: 5,100 Sq. Ft.
On Redfin: 63 days
Property Type: Detached Single Family
Stories: 1
Community: South San Jose
MLS#: 81305376

This is an excellent opportunity for an investor or a large family. This house needs a little TLC and is located near schools, shopping and freeways. Thank-you for showing.

Xeriscaping without all the fuss, and no pretentious neighbors anywhere near this location, location, location to say you’re doing it wrong!  Or to imply that it is not very cool. We apologize for the City-owned parking strip with greenery.  Thank you for showing.

Comments (9) -- Posted by: madhaus @ 5:02 am

April 26, 2013

WTF in Woodside

BlogAtoZ-WWe’re almost done With the Blogging from A to Z Challenge, and Wow is our Website Woozy.  What Will our readers Whine about When it’s gone? No Worries, some of you Wonder Why it Wore out its Welcome While others Winked at how Wonderful the Words Were.

Well… let’s move on to today’s featured home. It’s in one of Realest of the Real Bay Area areas, home to many famous Silicon Valley startup billionaires. Now it can be home to you as Well, and even at an Welcome asking price!

130425-glenwood-redfin439 GLENWOOD Ave
Woodside, CA 94062
$888,000

1 Beds
1 Baths
480 Sq. Ft.
$1,850 / Sq. Ft.
Built: 1933
Lot Size: 0.34 Acres
On Redfin: 6 days
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Cottage/Bungalow
Community: Woodside Glens
MLS#: 81312849

A Rare and Most Unique Opportunity2Bld Your Dream HM or Acquire a Cottage HM Retreat in Coveted Woodside Glens!Revive 2 Fxr Upr Cottages, or Pave the Way for Your NU LUX RES!This Desirable Prop offers 15,000 SQ FT of Wooded Serenity w/ an End of the Road Culdesac Lctn!Approx. 4 miles from Canada Road, EZ Ingress/Egress. Minutes 2 Town Village & Top Rated Woodside Elementary Schl!Super EZ Cmt2H-280!

Upcoming Open Houses

Sunday, Apr 28: 2:00-4:00 pm
Sunday, May 5: 2:00-4:00 pm

130425-glenwood-kitchen130425-glenwood-purple130425-glenwood-umm130425-glenwood-another-kitchen

130425-glenwood-frontThis may be the first property in Woodside to have its listing copy composed entirely in tweets.

Wow, What’s this? Woodside is known for huge spreads on acres of land. Today’s house is only oversized When compared With this cabin in the Woods.

Wait, there’s more (bunus!): Court confirmation may be required. Whee!

Comments (2) -- Posted by: madhaus @ 5:01 am

April 25, 2013

Vaya con Vacaville

BlogAtoZ-VToday’s featured Villa is brought to you by the letter V. Yes, the danged Blogging from A to Z Challenge has not been Vanquished yet.  Verily, we have a Vague suspicion that some are Vexed that we’re skipping over the Rodney Dangerfield of the Bay Area, Vallejo. We feel Vallejo’s been Vanquished and another Village needs the Vital exposure this site gives to Bay Area real estate.

Translation: Vacaville, on Burbed for the Very first time, show us your Virtues!  We could mention the Very name means, literally, “cow town.” At least Vallejo was named after a Victorious general.

130424-brown-redfin200 Brown St
Vacaville, CA 95688
$114,900

2 Beds
1 Baths
904 Sq. Ft.
$127 / Sq. Ft.
Built: 1950
Lot Size: 6,098 Sq. Ft.
On Redfin: 33 days
Property Type: Residential, Detached, Single Family
Stories: 1
County: Solano

This fixer has a good size lot and tremendous potential close to public transportation schools great freeway access.

This listing copy has a good start and tremendous potential close to acceptable noun plural noun adjective concept whoops run on sentence.

130424-brown-back130424-brown-wooden

We can smell the potential from here.

130424-brown-double-hammered130424-brown-toilet

Ah, a saluting toilet! We’ve missed these.  Maybe more agents read Burbed than we thought, as open toilets are getting more difficult to find in listing photos.  And that’s a Good Thing.

130424-brown-kitchen130424-brown-double-windows

Sunny yellow kitchen and space to dine.

Also this house was foreclosed on in February.  February, 2013. And that’s Vexing, as foreclosures and NODs and other housing fail are down substantially Virtually everywhere. 

Comments (5) -- Posted by: madhaus @ 5:03 am

April 24, 2013

Ultimate Upwardness: Union City!

BlogAtoZ-UAs we move Unto the remainder of the alphabet, our regular readers may be Upset with our Undue Urgency in Upholding this Blogging from A to Z Challenge. Uh-Uh-Uh! Remember, we’re here to help, and that means finding anywhere in the Bay Area where prices are Up. 

Uh, right now that’s, Um, pretty much all of it.  Today we’re more Understanding of just how many places are Undulating Upwards, even the Underfunded, Underdeveloped, or Underhyped Urban Uniqueness that is… Union City.

Not even pending yet. Urrah!

130423-smith-redfin3771 SMITH St
Union City, CA 94587
$449,950

3 Beds
1.5 Baths
1,216 Sq. Ft.
$370 / Sq. Ft.
Built: 1953
Lot Size: 7,740 Sq. Ft.
On Redfin: 1 day
Type: Detached
Stories: 1
County: Alameda
Style: Custom, Ranch
Community: Alvarado Dist
MLS#: 40611658

Welcome to this fine home with so much to offer, new carpet, frest paint inside, large lot with access to rear from front with drive through garage. This home is zoned residental and commercial buyes should check on what type of business can be placed should that be the use selected.

130423-smith-kitchen130423-smith-paintjob130423-smith-living130423-smith-seethru

So many Uses, yet zoned residental.  Say “Ugh!”

Comments (1) -- Posted by: madhaus @ 5:08 am

April 23, 2013

T is for Terribly Taken photos!

BlogAtoZ-TYeah, we’re still Taken with this Blogging from A To Z Challenge, and if you don’t like it, Too bad. Um, we mean ‘Twill be all over next week. So let’s find That Typical Burbed post, where we contrast Things that don’t go Together. 

Today we’re Twist Terrific Terroir with Tired, dare we say Tortured listing photos? Let’s Take a Trip to Tiburon!

130422-redhill-redfin24 Red Hill Cir
Tiburon, CA 94920
$950,000

HOA Dues: $423/mo.
2 Beds
2 Baths
1,574 Sq. Ft.
$604 / Sq. Ft.
Built: 1990
Lot Size: 701 Sq. Ft.
On Redfin: 38 days
HOA Dues: $423/month
Style: Contemporary
View: Bay, Forest/Woods, Greenbelt, Hills, Lights, Mountains, Panoramic, Water
County: Marin
Property Type: Residential, Attached, Condominium/Coop/Other
Stories: Split-Level
Community: Tiburon
MLS#: 21305218

Highly desired Red Hill Circle. One way, private street. All prior sales minimum $1,000,000+ without upgrades or any remodeling done. Views are spectacular of Richardson Bay to Sausalito with full silhouette of Mt. Tam. Lots of entertaining and happiness here.

130422-redhill-living130422-redhill-glareIf all The prior Transactions were in seven digits, Then what The heck is wrong with This place? It can’t be just The Terrible pix, because There’s proof That There’s little To Tamp Bay Area Bubble 4.0 This Time!  Remember, buy now or be priced out forever!

130422-redhill-balcony130422-redhill-mirrors

Bunus: can you find The DHO in photo #19 (the last one)? Without upgrades or any remodeling done!

Comments (5) -- Posted by: madhaus @ 5:05 am

April 22, 2013

(Parking) Space: the final frontier. Of real estate.

BlogAtoZ-SIt finally happened.  One of our long-time regular readers (and we’re not going to Say which one) finally couldn’t take the Sadistic water torture of the Blogging from A to Z Challenge anymore, and wrote in to Snap about it.  But think about what it is we do here on this Site. We do things that make people Surly. So Sure, we got Someone Snippy about one of our Subjects? (Admittedly, one of our Subjects Strung out over even more time than the @*$(*$)*#(@!~ zip code lists.)  So Sorry about that.

Seems we’d Surely Show Some Superb Stuff after Seeing our Supporters in a Snit!  Say… Thanks very much to Burbed reader Michael Boltonestater for Sending this Speck of Sod in.

130421-townsend-redfin88 Townsend St
Unit P-124
San Francisco, CA 94107
$80,000

0 Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: —
On Redfin: 17 days
Property Type: Condominium
County: San Francisco
Community: South Beach
MLS#: 406606

The property for sale is an independant side-by-side parking space within the 88 Townsend building. It can be rented out to potentail tenants that don’t live in the 88 Townsend building.

Now we really have Seen everything.  Condo parking Spaces, Side by Side yet. Complete with the Superness of tenants from other buildings. Sign us up! 

Sh—! Pending!

Comments (8) -- Posted by: madhaus @ 5:02 am