January 25, 2007

$96,000 off a house in where??

MLSlistings Property Detail for MLS number 654913
2253 GLEN WY
East Palo Alto, CA 94303
$419,900

2253glenb.jpg

This Single Family Residence has the following features:
MLS#: 654913 Approx Age: 52 Years Approx Sq Ft: 790
Attached Single Family 1 Story Cottage/Bungalow
2 Bedrooms 1 Bathroom 1 Shower over Tub

Seem familiar? It should! Here’s an October post to jog your memory:

What’s going on here? I thought East Palo Alto was supposed to be all special now. Are they making more land there? Better act now – the Realtors say the market is about to go back up!

(Thanks to Burbed reader Alex for this one too.)

Click here to post a comment -- Posted by: burbed @ 5:32 am






January 24, 2007

$750,000 for an inverted EPA house

MLSlistings Property Detail for MLS number 673252
2527 HAZELWOOD WY
East Palo Alto, CA 94303
$750,000

2527hazel.jpg

This Single Family Residence has the following features:
MLS#: 673252 Approx Age: 58 Years Approx Sq Ft: 1100
Detached Single Family 1 Story 3 Bedrooms

Was this a Photoshop gone bad? An attempt to catch the reader’s attention? Viral marketing? Doomsday in East Palo Alto?

You decide!

(Thanks to Burbed Reader Alex for this one)

Click here to post a comment -- Posted by: burbed @ 5:23 am

Townhouses allow people to work from home…

Mountain View Voice: Stierlin project rejected (January 19, 2007)
Five residents spoke in favor of the 11-unit development at a February 2006 meeting, saying it would provide much-needed housing near major transit corridors and downtown. Developer Steve Lowenthal said the townhouse style homes would allow people to work from home and would be an example of “smart growth.”

In what way would townhouses allow people to work at home better than… say… a loft, a studio, a single family home, a condo?

And, if you were planning to work from home all the time – why move to Mountain View? Why not move somewhere else where you could afford a real home, or spend half as much for an equivalent townhouse?

Click here to post a comment -- Posted by: burbed @ 4:51 am

January 23, 2007

Progress on The Tale of 3 Pamelas!

As previously seen on Burbed…

How to lose $94 a day – 12% price drop in 1br/1ba condo in Mountain View — Burbed.com: Your Silicon Valley Home and Mortgage Insanity Blog

So that posted back on January 2nd. Let’s see how things are going on with the Tale of 3 Pamelas!

pamela-22.jpg

HOLY SMOKES! 2 Sales Pending!

Congrats to #19 and #5. Sure #19 had to drop its price from $328,000 to $300,000 (8.5%) and #5 had to drop its price from $349,000 to $308,000 (11.7%) – but it definitely did the trick.

#4… uh… well.. 3% just isn’t cutting it anymore.
The real question is – what will the final sales price be? Maybe there were bidding wars and #19 and #5 will each sell for their True Mountain View Value: $500,000!

Time will tell.

DAMN! REAL ESTATE IS SO EXCITING!

Click here to post a comment -- Posted by: burbed @ 5:05 am

Estrella Benevides and the Words On A House

The J-Walk Blog: Words On A House


The Community Improvement Commission ordered a Shoreview resident Wednesday to remove cryptic messages written on her home or face as much as $5,000 in fines.

Estrella Benevides, 46, has until Feb. 14 to erase the painted script from her home in the 1800 block of Cottage Grove Avenue, which has been covered with an inscrutable text containing biblical references, conspiracy theories and glimpses into a painful personal history…

Benevides vowed not to remove the messages, which she believes come from God, and to fight the commission’s decision, citing her First Amendment rights to free speech. Commissioners said the problem wasn’t constitutional.

More photos can be found here: http://www.flickr.com/photos/mrneutron/365138792/in/set-72157594492703854/

There’s one that reveals the true address. And from that we learn that the zEstimate for this is: $703,341.

I wonder how a Realtor(R) could spin this house if it had to go on market as is. What do you think?

Click here to post a comment -- Posted by: burbed @ 4:59 am

January 22, 2007

What if a mobile home got stuck and couldn't move?

MLSlistings Property Detail for MLS number 668397
782 LAKEWOOD DR
Sunnyvale, CA 94089
$639,500

782lakewood.jpg
Welcome home to classic Lakewood Village
New Reduced Price!

* 3 bedrooms, 2 baths, including a master suite with walk-in closet
* Large 6,098 SF lot with spacious and lush grass backyard and outdoor patio
* Update tile kitchen with newer appliances including gas range and counter seating
* Vaulted ceilings, fireplace, & a bright and cheery ambiance
* Attached 2-car garage plus long driveway
* Great location in Silicon Valley in a family-friendly neighborhood!

This Single Family Residence has the following features:
MLS#: 668397 Approx Age: 49 Years Approx Sq Ft: 1108
Detached Single Family 1 Story 3 Bedrooms
1 Master Bedroom Suite 2 Bathrooms 1 Stall Shower
1 Shower over Tub 1 Tub Breakfast Bar

Seriously… that’s not a mobile home that simply got stuck and rooted in Sunnyvale one day? It’s gotta be!

Click here to post a comment -- Posted by: burbed @ 6:50 am

What? You can lose money by buying a home?

Woman moves from 1,100 sqft $800/month rental to a $233,000 450 sqft studio with an $800/month mortgage and $355/month HOA.

And then her HOA jumps to $630… and that’s after a $4,000 assessment for unseen maintenance.

Not a good sign… but here’s the key quote:

Dues increase is threatening her ‘affordable’ home
But Hernandez’s story underscores just how complicated creating affordable homeownership can be — not only at the level of building and financing but also in education and culture.

When she learned of her new dues she contacted the Mayor’s Office of Housing and asked for help in paying the increased homeowner fees. When told that this was not part of their role, she went in search of lawyers who might take her case. When no one accepted, she began to worry she might lose her home. If she couldn’t pay the extra dues, her homeowners association could put a lien against her condo, which could eventually lead to foreclosure.

She contacted the Mayor’s Office of Housing to inquire about reselling her unit, but when she learned that the value of her studio had declined, she worried that after real estate agent fees, she might lose her down payment altogether.

Matthew Franklin, director of the Mayor’s Office of Housing, assured me that this was not the case, that the agency had a commitment to making sure clients didn’t lose their savings upon resale. When I relayed this information to Hernandez, she sounded relieved. “Why would anyone ever buy a house if they could lose their down payment?” When I explained that in a declining market, for an ordinary home buyer — not one supported by a government program — it was indeed possible, she seemed surprised.

If Hernandez seems a little naive when it comes to appreciation and depreciation, she’s got good company. Like so many of us who came of “real estate-owning” age in the past decade, she’d incorporated the idea that real estate always goes up into her world view. In making her decision to buy her place, she recalled everyone emphasizing that this would all be a great investment because real estate always appreciates.

Uh oh, sounds like someone needs some Realtor(R) therapy.

Click here to post a comment -- Posted by: burbed @ 12:49 am

January 19, 2007

$850,000 house, you had me at hello

What a week it’s been! Welcome to the last day of Burbed’s Daly City Week!

First, a fact about Daly City: Median gross rent (dollars)     $1,074
And now, our final fine Daly City house for the week:

MLSlistings Property Detail for MLS number 665350
HANOVER ST
Daly City, CA 94014
$850,000

9hanover.jpg

This Single Family Residence has the following features:
MLS#: 665350 Approx Age: Unavailable Approx Sq Ft: 2500
Detached Single Family 2 Stories Victorian
2 Bedrooms 1 Bathroom 1 Shower over Tub

Wow. What can I say about you, house. You simply had me at hello. Your fine yellow coat. The funky van out doors. These are all things that make you Bay Area special.

You go house, you go.

Click here to post a comment -- Posted by: burbed @ 12:54 am

January 18, 2007

$770,000 house – perfect for vampires

Welcome to Day 4 of Burbed’s Daly City Week!

First, a fact about Daly City: Population (year 2000): 103,621. Estimated population in July 2005: 100,339 (-3.2% change)
And now, a fine Daly City house:

MLSlistings Property Detail for MLS number 667607
368 WINCHESTER ST
Daly City, CA 94014
$770,000

368winchester.jpgThis Single Family Residence has the following features:
MLS#: 667607 Approx Age: 79 Years Approx Sq Ft: 1210
Attached Single Family 2 Stories Mediterranean
Victorian 4 Bedrooms 2 Bathrooms
1 Stall Shower 1 Shower over Tub 1 Tub

So you pay the Realtor(TM) a 3% fee usually. Do they charge less if you use them at night? Maybe that’s why this photo is the way it is.

But wait, let’s look at the other photos!

368winchesterb.jpg

There’s only one conclusion: this house was meant for vampires.

Click here to post a comment -- Posted by: burbed @ 12:47 am

January 17, 2007

$599,000 – includes "Street art" on street sign

Welcome to Day 3 of Burbed’s Daly City Week!

First, a fact about Daly City: Median house value: $335,000 (year 2000)
And now, a fine Daly City house:

MLSlistings Property Detail for MLS number 669692
70 EASTLAKE AV
Daly City, CA 94014
$599,000

70east.jpg

This Single Family Residence has the following features:
MLS#: 669692 Approx Age: Unavailable Approx Sq Ft: 1042
Detached Single Family 1 Story Contemporary

Now some would call that graffiti. But I would have to call it Street Art. It really does add character to this $599,000 house in Fogville.

Let’s have a peek inside shall we?

70eastb.jpg

Are they working in the second photo to add more street art? I guess it’s a plus that the PG&E meter is easy to access. Oh wait… to use Realtor(TM) speak: “EASY ACCESS TO METERS!!!! BUY NOW!!!”

Click here to post a comment -- Posted by: burbed @ 5:36 am