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

June 18, 2014

Peak median home prices in the Real Bay Area

Bay Area home sales great for sellers, tough on buyers

Santa Clara County, which surpassed its peak price for existing single-family homes in April, saw a gain of 6.7 percent to $800,000, and San Mateo County was up 14.2 percent to $925,000.

Wendy McPherson of Coldwell Banker in Menlo Park said recent tech company public offerings and acquisitions are creating wealthy buyers at a brisk pace. "We just had a buyer buy a $20 million property who was living in a $900,000 house," she said.

Ken DeLeon of DeLeon Realty in Palo Alto said demand is so brisk for luxury real estate that one home in Atherton sold for $14 million in three days.

As we all know, it’s been a long time dream of the readers of this site, and the homeowners and landlords of the Real Bay Area to see housing prices surpass those of our arch nemesis, Manhattan – proving that you don’t need ugly skyscrapers, integrated cultural diversity, things that open late, low crime, taxis, functioning mass transit, and <shudder> shadows to be successful.

We. Are. Almost. There.

The median home price for a single family home in San Mateo is now $925,000. Santa Clara, which includes Gilroy, $800,00.

Is there anything more beautiful than this?

Question time: What will the median price in a year from now for SM and SC? $2M and $1.8?

Post your predictions in the comments!

Comments (7) -- Posted by: burbed @ 5:28 am

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

21040615a

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!

20140615b

Everything is so curved!!

20140615c

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.

20140609a

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.

20140601

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