March 15, 2013

2+2- Car Garage w/compressor, lift, upstairs Art Studio

It’s almost time for the weekend, and that means more Open Houses!  Now that Daylight Savings Time is fully in force, we can dispense with Winter Bubble and move directly to Spring Bounce.  So let’s have a look at this stupendously staged showcase, courtesy of Burbed reader Darkhorse.  Thanks very much!  And remember, if you have the perfect (by which we mean not at all perfect) listing for our front page, send it on in with your nominating speech, and you can also have your completely arbitrary internet handle turned into a tag!

130314-hurst-redfin1621 HURST Ave
San Jose, CA 95125
$1,245,000

3 Beds
3 Baths
2,150 Sq. Ft.
$579 / Sq. Ft.
Built: 1984
Lot Size: 6,435 Sq. Ft.
On Redfin: 3 days
Property Type: Detached Single Family
Stories: 2
Community: Willow Glen
MLS#: 81307527
Style: Tudor
View: Neighborhood
County: Santa Clara

Upcoming Open Houses

Saturday, Mar 16: 1:00-4:00 pm
Sunday, Mar 17: 1:00-4:00 pm

Regular & As-Is Sale, a Unique Custom Built Tudor Style Home w/ many upgrades in the last 4 years; Master suite w/ fireplace, guess bedroom, Sauna & Den upstairs; Master bed, 3rd bath w/ shower/steam room, kitchen, pantry/wine cellar, separate laundry area w/ butler downstairs; Beautiful landscaping; 2+2-Car Garage w/ compressor, lift, upstairs Art Studio/Recreation Room/Storage & Long Wide Drive Way.

130314-hurst-doghoWhat did Darkhorse find so Special about this house?  Surely it wasn’t just the compressor.

Willow Glen Listing — Thought you might enjoy this listing. The photos are stunning,  maybe a new staging technique, wonder if the tiger and swords are included with the purchase price.

Tiger? Swords? Darkhorse, how could you possibly miss the DOG PET HANGING OUT?  (Burbed reader DonnieJ says that’s a cat.)

130314-hurst-tiger130314-hurst-swords130314-hurst-saddle130314-hurst-tchotchkes

Guess when a house has staging of this caliber, the buyer won’t mind that a Unique Custom Home w/ many upgrades in the last 4 years needs to be listed as-is. But don’t worry, it’s a REGULAR SALE! Park anywhere on the Long Wide Drive Way.

Comments (15) -- Posted by: madhaus @ 5:08 am






March 14, 2013

Whole Foods versus WalMart

This image has been bouncing around teh Intertubez this week.  Perhaps you’ve seen it:

Bay Area Explained WF vs WM

130313-wfwm-wfThis tweet from Jarrett Barrios credits someone else, but we can’t find an earlier use of the map.  (Could be this,) It’s a lovely image that clearly sets up Real Bay Area versus Not the Real Bay Area, with the oddball exception of the WalMart in Mountain View.  Other than that, It’s 280 versus 880.

130313-wfwm-wmBest comment on this map: Mountain View’s town motto is "Even our poor people are rich."  Don’t know if that’s true, but the Whole Foods and the WalMart are less than a block apart.

Note: Google Maps only creates ten pins per image.  Those little red dots are additional location, location, locations.  So yes there are Whole Foods stores, 3 of them, in Marin.

We’d like to know if you can you come up with other easy-to-map measures for RBA versus Not the RBA.

Comments (8) -- Posted by: madhaus @ 5:07 am

March 13, 2013

perfect place to park a lot of cars

burbed_guest_bloggerToday’s house shows the importance of architectural design rules, such as balancing all the elements on each wall.  In this case, perhaps they were followed a bit too literally.  Our thanks to Burbed reader holyzoo for this superlative structure in South San Francisco!  Pending?  But of course!

Please enjoy this Guest Post, and give holyzoo a big, warm, Real Bay Area welcome as today’s Guest Blogger!


130312-b-redfin114 B St
South San Francisco, CA 94080
$575,000

3 Beds
2 Baths
1,270 Sq. Ft.
$453 / Sq. Ft.
Built: 1953
Lot Size: 6,144 Sq. Ft.
On Redfin: 29 days
Property Type: Detached Single Family
Stories: Bi/Split Level
County: San Mateo
Style: Contemporary
Community: South San Francisco (Industrial)
MLS#: 81304306

A great home in lovely South San Francisco. This lovely home is located on a large corner lot. 3 large bedrooms, 2 full baths. including a mastersuite, Large spacious kitchen, dining area off the kitchen, nice size living room, 4 car attached garage, lots of light thru out the home. very private location, perfect place to park a lot of cars.

130312-b-garageWell I have lenders jumping through hoops to see how much of a shovel I can have them hand me.  So far it looks pretty sweet.

So the search continues to see if something can persuade us. 

Which leads to this bizarre anomaly. 

20130312-b-aerialIt’s a bargain at $595k for a 3/2 1270sq/ft. SFH that looks like an apartment, no?

There’s an open house this weekend and we are there.  The listing agent gets crafty – "very private location, perfect place to park a lot of cars", or dead bodies?

Let’s see if we can even figure out how you get to the house?

Here’s the bird’s dropping, er, I mean, bird’s eye view.   Say you need a new roof?  Mr. Roofing is a turd throw away. 

130312-b-streetviewNow from the street named end, looks like a dead end to me.

Then from the 1st street past someone else’s teardown, I think we have solved the mystery?  Just *sneak* past the neighbors with my entourage of cars daily and nightly and see if they dare screw with ME!

These guys had no clue how to get there either. 

130312-b-dudes

Comments (5) -- Posted by: madhaus @ 5:04 am

March 12, 2013

One of a kind with creek and stone bridge that adds to its charm

How would you like to live in Los Gatos and not spend a million dollars?  Wish granted!  Thanks very much to Burbed reader wahnny for this, um, residence.

130311-shannon-redfin16005 SHANNON Rd
Los Gatos, CA 95032
$788,000

1 Beds
1 Baths
668 Sq. Ft.
$1,180 / Sq. Ft.
Built: 1940
Lot Size: 10,800 Sq. Ft.
On Redfin: 4 days
Property Type: Detached Single Family
Stories: 1
Community: Los Gatos/Monte Sereno
MLS#: 81307108
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Clara

Los Gatos Schools. Unique property on desired street. Upscale neighborhood surrounded by multimillion dollar properties. House has beautiful country setting with beautiful redwoods. It’s tranquil and private. One of a kind with creek and stone bridge that adds to its charm. Close to town, restaurants, Whole Food Market, etc. Additional storage or workshop inside of garage. Lots of potential.

130311-shannon-frontYou know this is going to be a good one when they don’t’ show the house until picture #5.  Now let’s check in with wahnny.

Some additional data points that further support the Bubble 4.0 hypothesis.

A cobbled-together 1940s cottage in (possibly RBA) Los Gatos.

The photos don’t do it justice.

130311-shannon-livingVisited during open house (along with several other groups), and although nicely staged, the place is tiny (or, as the Redfin video understates, "compact")! 

It was amusing to listen to the realtor speak of all the positive possibilities (e.g., the house could be torn down or rebuilt (e.g., adding 2nd level)) while minimizing the downsides (creekside property is literally in a flood zone, and would require special build permits/fun with the county).  Yes, yes, value is in the land, but is it really worth more than the Bubble 3.0 sold price?

We also love how the video states that the house is “on the water” and that the 1-car garage means “you’ll always have a place to park your car!”  Also the view of the back patio reminded us of a famous house.

130311-shannon-view

See some resemblance?

130311-shannon-incredibles-house

If you don’t recognize this house, click here.

Comments (6) -- Posted by: madhaus @ 5:03 am

March 11, 2013

So awesome in SF… there is no asking price

What do you think? Typo, toxics, or TERRIFIC OPPORTUNITY?  Buy now, at a LUCKY PRICE!  Thanks very much to Burbed reader Petsmart Groomer for this superlative steal in San Francisco!

130310-eddy-redfin430 Eddy
San Francisco, CA 94102
$8

— Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: 6,356 Sq. Ft.
On Redfin: 25 days
Property Type: Lots & Acreage
County: San Francisco
Community: Tenderloin
MLS#: 404942

2 lots; 430 Eddy St. & 519 Ellis St. There were previous approvals for 46 Senior Units. Approvals are expired. Offers will be reviewed on or after March 15th. There is no asking price. Seller reserves the right to reject any offer.

Whoa.  This is so different than all those other real estate deals where the seller has to take any offer, no matter how ridiculously insulting.  Like, say, $8 for two lots in San Francisco.  And not the part way the heck out by the fog, either.  No, this is in the Tenderloin, the sweetest neighborhood of all!  Now, let’s have a look at what they’re selling and forgot to photograph.

130310-eddy-streetview

Yesssss! Score! Trash bins!

130310-eddy-ellis-sv

See that big red Pin with an A on it? That’s A for Approvals Are Expired, so their loss is your gain! Start your overbidding now!  You know why you should invest in this area?  It’s a growth opportunity!

130310-eddy-bedbugs

Comments (4) -- Posted by: madhaus @ 5:01 am

March 10, 2013

Time for a Bay Area Bubble 4.0 Open Thread

How crowded are the Open Houses you're looking at today? The one we visited was not very busy and the Realtard didn't understand the difference between a Census tract, a tract house, and a County parcel.

We wish we were making this up. Meanwhile, make up whatever you wish, because this is an Open Thread.

 

Comments (17) -- Posted by: madhaus @ 4:04 am

March 9, 2013

Is the Bay Area in another Housing Bubble? Will the Next Pope be Catholic?

We’ve made the call on Bay Area Bubble 4.0, now we’re just lining up the evidence.  Palo Alto began heating up and blowing past peak pricing last year.  The proof of another housing bubble, though, is when the increasing prices and the bidding frenzy and the sales velocity measured in Hours on Market rather than Days and the large number of listings marked Pending/Do Not Show start overwhelming the Not So Special parts of the region.

Here is Evidence For a Bay Area Housing Bubble #1,726: Frenzy for condos.  CONDOS.  In MILPITAS.

Bay Area condos’ tight supply has buyers scrambling

130308-condos-constructionBy Pete Carey, San Jose Mercury News
Posted:   02/18/2013 04:00:00 AM PST | Updated:   02/18/2013 08:19:38 AM PST

The Bay Area’s market for condominiums and townhouses has seldom been hotter. Existing units are selling in record time with multiple offers, and new ones are being snapped up before there’s even a model home to see.

Just ask Niha Singh. Last month, Singh, a 27-year-old Silicon Valley computer engineer, and her husband tried to buy one of 12 units in a new townhouse development under construction in Milpitas. Even though they’d car-camped outside the developer’s office, they ended up on a waiting list.

130308-condos-new"When we got there on Friday, there was already a line," she said. "People were camping out, some of them for six days before the date of release."

Across the Bay Area, buyers are fighting for a limited supply of new and existing condos. Investors have already snapped up many foreclosures and short sales and are renting them out, while owners who might sell in a typical market are either still on the sidelines watching prices rise or are underwater and can’t afford to sell. And demand has been growing.

Wasn’t it just a couple of years ago we were reading about condo complexes that had reverted to all-rental buildings (also known as apartments)?  Why yes, it was.  But obviously Milpitas is Much More Special than Downtown San Jose.  Also Three Sixty is Five days short of even a Regular Year.

People camping out for five days in front of a Milpitas development not enough? Want more evidence of Bubble 4.0?  You think a seller’s market in Milpitas condos is reaching?  At least Milpitas is in the same area code as Google.

Condos in Castro Valley sold in 11 days in December, compared with 82 days in 2011, the Bay East Association of Realtors reported. In Pleasanton, the average number of days on the market dropped from 52 days in December 2011 to 10 days last December.

Castro Valley.  You know, Gateway to Hayward, City of Diversity.  We’re putting in our sell order when Stockton comes back.

Comments (7) -- Posted by: madhaus @ 5:05 am

March 8, 2013

Super Fun site in Mountain View, Perfect for entertaining!

Let’s finish out the week with a double dose of Mountain View Bubble 4.0: this house is a floor wax and a dessert topping. Today’s featured property was brought to you courtesy of Burbed reader bublidoo.  Thanks very much for a listing so aerated that we had to go to four different sites until we found a photo of the actual house as it exists today.  Yep, pending in a week!

130307-whisman-movoto460 N Whisman Rd
Mountain View, CA 94043
$1,149,000

Loan Payment: $4,000/mo
Bedrooms: 4
Bathrooms: 3&1/2
Size: 1,999 sqft
$/Sqft: $574/sqft
Type: Single Family House
Year Built: 2013
Lot Size: 4,960
Days on Movoto: 9 days
Neighborhood: Whisman
MLS#: 81305578
Status: Pending – Do Not Show

Stunning newly constructed custom 4/3.5 Craftsman located on a great lot close to downtown MV, Google and easy commute routes! This gorgeous open floor plan inc. 2 master suites, one 1st floor, 3.5 designer baths, gourmet chef?s kitchen with granite counter tops & stainless steel appliances, large island w/counter seating & sliding doors to patio. Perfect for entertaining! Close to top MV schools!

130307-whisman-kitchenSo why is this house nominated for a big ol’ Burbed hug? Let’s check in with our reader whose very name implies Bubble 4.0.

wanted to point out this stunning, newly constructed custom craftsman to you. If it was near good schools or downtown Mountain View (the description claims both … but not sure about "near"), perhaps the price could be justified. But what we’re looking at here …

130307-whisman-yardis an asking price well over a million bucks for a single family house (yes, stunning, I forgot, sorry …) on a small lot within the vapor intrusion study area. And the listing comes on the heels of super fun coverage by burbed, the local TV channel, and the Mountain View Voice. One has to wonder why the agent didn’t include "Buyer to attend meetings on toxic vapors. Walk to Google Offices!"

130307-whisman-redfin-pdnsPerhaps there’s been too much super fun coverage already? In that case, no pressure … and hope you had a chuckle.

Cheers!

Oh no, bublidoo, you can never, ever, ever have too much Super Fun.  Want some more?  Let’s look at this house over on Redfin, where’ they’ve pulled down the listing and are featuring the before photo (singular) and listing copy. 

Did we mention how much we love Pending/Do Not Show?  It’s like an extra set of presents we completely missed behind the Christmas tree!  And speaking of extra presents, look what we found on Zillow.  This is like finding out we’re celebrating Chanukah too, as an added extended family holiday, with bunus presents!

130307-whisman-zillow

Wow, who knew that side of the family was so artsy?  (Or too klutzy to use a camera?)  Must be because of those good schools.

Comments (7) -- Posted by: madhaus @ 5:05 am

March 7, 2013

The Rock: No unit above

That’s right, there is no unit above or better than this Mountain View maisonette.  Read on to find out why!  Warning: sale may have closed already.  Our thanks to Burbed reader LomaLuvr.

130306-rock-redfin1939 Rock St #17
Mountain View, CA 94043
$325,000

HOA Dues: $299/mo.
1 Beds
1 Baths
697 Sq. Ft.
$466 / Sq. Ft.
Built: 1963
Lot Size: 2,917 Sq. Ft.
On Redfin: 7 days
HOA Dues: $299/month
Style: Contemporary
View: Neighborhood
County: Santa Clara
Property Type: Townhouse
Stories: 1-3 (Low Rise)
Community: Rengstorff
MLS#: 81306070

Rebuilt in 2006 * Charming1 bedroom Condo * Closed to Google * Quiet 19 units community * No unit Above * Gorgeous Kitchen w/ Granite Countertop, Cherry Cabinet, SS Microwave & Refri. w/ Tile Fl. * Family Rm w/ Recess Lights & Crown Molding * Master Bedrm. w/ Ceiling Fans & Closet * Private Backyard * Cheerful Bathrm w/ Tiles, Vanity, Granite countertop, SS faucet * Indoor Laundry * One covered & One Guest Parking

Nothing like a rebuilt place that where you can take one look at the kitchen and say, yup, rebuilt in 2006.  Definitely 2006.  Added bunus: kitchen cabinetry matches the landscaping.  Only in the Bay Area do we have homes so Special that they’re staged with that degree of fit and finish.

130306-rock-kitchen130306-rock-yard

All this, and closed to Google too!

Comments (14) -- Posted by: madhaus @ 5:04 am

March 6, 2013

Bay Area Bubble 4.0: The Old is New Again

We’re covering the housing bubble 24/7 now that everyone’s paying attention to real estate again.  Today we have a lovely home in Redwood City that you may have seen before.  Take another look, while you still can!  Thanks very much to Burbed reader Petsmart Groomer for an excellent surveillance operation.

130305-esther-redfin715 ESTHER Ln
Redwood City, CA 94062
$450,000

2 Beds
1 Baths
750 Sq. Ft.
$600 / Sq. Ft.
Built: 1929
Lot Size: 4,790 Sq. Ft.
On Redfin: 33 days
Property Type: Detached Single Family
Stories: 1
Community: Cordilleras Heights
MLS#: 81303054

Beautiful view of bay and city lights. Additional 6900sqft lot to be sold with the property. The additional 6900 sq ft parcel of land CANNOT be developed upon per city and county building department. Building square footage 1130sf on public profile is incorrect, actual living area is about 750sf, Fixer-upper Sold "As Is" may not qualify for FHA.

This house’s list of tag may be bigger than it is.  Not only that, it has a history!

130305-esther-reprise-120620

Here’s something it didn’t have last year (besides an extra hundred thou of instant equity you get now!): Redfin Agent Insights!

130305-esther-redfin-agent

“Dead End,” “Completely gutted” and “Killer Views,” three phrases that don’t go well together after watching certain movies.  How about Zero Dark Thirty?

Comments (9) -- Posted by: madhaus @ 5:09 am