February 1, 2013

Close to Freeway and transportation in San Bruno

Let’s finish out our workweek (not that Real Bay Area denizens ever would take a day off) with a place on the way to almost anywhere you’d like to go this weekend.  That is, if you didn’t have a job and were free to go somewhere besides work.  You never know, you might get a Sunday off when you meet your next milestone! (Just kidding!)

130131-5th-redfin785 5TH Ave
San Bruno, CA 94066
$379,000

2 Beds
1 Baths
780 Sq. Ft.
$486 / Sq. Ft.
Built: 1930
Lot Size: 6,633 Sq. Ft.
On Redfin: 1 day
Status: Active
Property Type: Detached Single Family
Community: Belle Air
MLS#: 81302815
Stories: 1
County: San Mateo

Two Bedrooms One bathroom House on a large lot. Currently occupied by Month to month tenants. Need TLC. Close to Freeway and transportation.

Needs Toilet Lid Crushed?  Unfortunately no crapper shots, but we have some winners anyway.  Can’t quite decide if the kitchen merits a Good Housekeeping Tag of Approval or not.

130131-5th-front130131-5th-kitchen130131-5th-fridge130131-5th-hallway

And when this agent said close to freeway, she meant it.  Dang, this place is close to absolutely EVERYTHING.

130131-5th-close

You could even make extra money taking overflow parking during Thanksgiving!  No wonder the front yard is so durable.

Bunus: Save $10,000 from August, 2011 asking price!

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






January 31, 2013

Mountain View is hot, hot, hot! AMAZING Proof!

SirenBlinkWe’ve been telling you for many months that real estate was taking off in the Greater Googleplex.  Thanks to Burbed reader bublidoo, we have something better than another data point.  We have red-hot proof. Let’s roll through the red light on the way to this piping hot property!

130130-sonia-redfin722 SONIA Way
Mountain View, CA 94040
$1,099,000

0 Beds
— Baths
1,221 Sq. Ft.
$900 / Sq. Ft.
Built: 1947
Lot Size: 7,750 Sq. Ft.
On Redfin: 1 day
Status: Active
Property Type: Detached Single Family
Community: Miramonte
MLS#: 81302687
Stories: 1
County: Santa Clara

AMAZING Location. Steps away from Downtown Mtn View. Large Lot – Build your Dream Home

130130-sonia-streetviewOkay, bublidoo, tell us more.

Houses needing a little TLC selling over 1M have been seen before, a burnt house for 1.1? Figured it could be an interesting data point for you. A realtor would diagnose "hot hot burning hot", probably. Address seems to match. None of this is verified in any way, so please consume at your own risk.

We’re rather impressed with all the news stories provided on the fire, but one of them doesn’t just “seem” to match. It flat out has the exact address.  So what are you all waiting for? Get over there to overbid so you can Build your Dream Home.

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

January 30, 2013

Only $1.5 million in Portola Valley? No Way (side)

Today we have a real purty property in Portola Valley.  You know how we love expensive crap? Just crossing into this high-falutiin’ district will make your wallet squirm.  It’s expensive here even if the land doesn’t have a house.  So for this low (for PV) price, you know today’s feature will be good.  That is, if by “good” we mean something not so good.  Thanks very much to Burbed reader Petsmart Groomer for this find.

130129-redfin-wayside211 WAYSIDE Rd
Portola Valley, CA 94028
$1,499,000

3 Beds
2 Baths
2,340 Sq. Ft.
$641 / Sq. Ft.
Built: 1925
Lot Size: 0.41 Acres
On Redfin: 190 days
Status: Active
Property Type: Detached Single Family
Stories: 2
Community: Santa Maria/Russell Area
MLS#: 81227542
Style: Contemporary
View: Neighborhood
County: San Mateo

There are no remarks available.

Take it away, PG:

No wonder people outside the Bay Area think we are insane. Even with a Ferrari in the garage (picture #18), I can’t see the value in that one.

130129-wayside-kitchen130129-wayside-mbr130129-wayside-gym130129-wayside-garage

Sometimes, when life hands a real estate agent lemons, it’s best to keep one’s mouth shut. The eager buyer will bring the water, sugar and ice — then beg to be sold lemonade.

Comments (6) -- Posted by: madhaus @ 5:02 am

January 29, 2013

Living at its best… in Downtown Campbell

130128-rincon-soupMmmm Good!  That’s what Campbell’s Soup is… but how about Campbell’s Real Estate?  Campbell doesn’t tend to get a lot of respect when people talk about where they want to buy, but let’s look at its positive qualities.  It’s equally inconvenient to most freeways, so no location fail on that score! It’s definitely got varied housing stock, which means there should be something for everyone (provided by “everyone” we do not mean people looking in the Real Bay Area). And it’s got so many crapboxen, we find ourselves dipping into the Campbell well again and again for featured homes! 

Let’s look at today’s proud property listing, sent in by Burbed reader Lefty Lucy.

130128-rincon-redfin89 E RINCON Ave
Campbell, CA 95008
$565,000

2 Beds 
1 Baths 
588 Sq. Ft.
$961 / Sq. Ft.
Built: 1912 
Lot Size: 3,850 Sq. Ft. 
On Redfin: 8 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Campbell
MLS#: 81301835
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Clara

Don’t miss this charmer in Downtown Campbell! This 2 bedroom & 1 Bath bungalow is living at its best. Located on a corner lot, features include cherry hardwood floors, updated bath, wrap around rear deck, indoor laundry, living / dining room combo and so much more! Cozy yard with fruit trees. A must see!

130128-rincon-entryOkay, Double L, tell us about this house you’ve picked.

Irregular but frequent reader, first time sender (though you must have gotten this from others as well!). 

I guess the bubble really is back. $961/square foot bungalow in oh-so-desirable Campbell: Ouch!  First time buyers like me are priced out forever, I guess (not that I’m shopping in Campbell, but it’s beyond crazy in my Santa Clara neighborhood as well).

$961? Who do they think they are, Mountain View?

130128-rincon-kitchen130128-rincon-living

Also note that this half a million dollar house is a pre-war bungalow.  That’s pre-World War I.

Comments (8) -- Posted by: madhaus @ 5:03 am

January 28, 2013

Fabulous Foster City Freehold

If you take a look along our right-hand column, you can see a number of useful things to click.  There’s our email contacts, for when you want to send in the perfect example of Housing Win.  There’s some interesting websites we think you’d enjoy.  And there’s a link for every category we’ve ever filed anything under, along with how many articles are in each one.  Most of our categories are location, location, location.

130124-pilgrim-signTake a glance at today’s category, Foster City.  It’s a little on the scant side, and there’s a good reason for that.  Foster City is full of tract housing, and most of it’s in fairly good shape.  Places with good schools don’t tend to get run-down properties.  And besides, there’s so much housing win right next door in the flats of San Mateo.  All this is a fairly long-winded way to welcome today’s featured home, from Burbed reader Pizzawillcome.  Thanks very much for pulling up a rarity: Burbed-worthy in Foster City!

130124-pilgrim-redfin676 PILGRIM Dr
Foster City, CA 94404
$808,000

2 Beds
2.5 Baths
1,340 Sq. Ft.
$603 / Sq. Ft.
Built: 1964
Lot Size: 5,225 Sq. Ft.
On Redfin: 7 days
Status: Active
Property Type: Detached Single Family
View: Neighborhood
County: San Mateo
Stories: 1
Community: Treasure Isle
MLS#: 81301481
Upcoming Open Houses:
Sunday, Jan 27: 2:00-4:00 pm

Great Foster City Eichler style home in excellent neighborhood. Laminate wood floors throughout. Heated pool and spa. Huge master bedroom. Kitchen with granite countertops. Remodeled baths. This house is perfect for entertaining. Home needs a little TLC but is in great shape. This will go quick. Great price!

130124-pilgrim-mirrorHere’s the Pizza on this fab find:

I’ve been visiting Burbed on a daily basis for a few months. It is strangely therapeutic.

This house gave me an urge to send in my first burbed alert.  My favorites are the Cinderella-style bathroom mirror and the vanity.

Our favorite picture is the first one, because we don’t typically find such artistic photos in Foster City.  They’re all strangely identical, but this one is by an agent who says, “No, dammit, this house needs to be backlit! The right buyer wants a house that looms menacingly.

“Also that buyer will appreciate not one but two 8s in the price.”

Bunus: what’s that in the mirror?

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

January 27, 2013

Low mortgage rates, home prices going up: So who loses?

Here’s some news from the Merc (motto: Also available on paper!) that won’t come as a surprise to anyone who studied economics.

Bay Area rents are flattening out, new study says

By Pete Carey, San Jose Mercury News
Posted:   01/21/2013 05:47:55 PM PST; Updated:   01/22/2013 05:25:31 AM PST

The torrid pace of rent increases in the Bay Area is slowing, according to a survey of apartment complexes released Monday.

Average rents in the East Bay, Peninsula and San Francisco were nearly unchanged in the fourth quarter of last year and declined slightly in the South Bay, according to RealFacts, a Novato consulting group that tracks rents in apartment complexes with 50 or more units. That compares with the first half of the year, when some areas saw quarterly increases of 4 percent.

Some renters may be deciding that interest rates and low prices have made the time right to buy a condo, and that may account for some of the leveling off of rents, a RealFacts representative said. Occupancy rates for apartments have flattened out while condo sales were in the double digits in December from a year earlier in Alameda, Contra Costa, Santa Clara and San Mateo counties.

130125-rents-sanjoseThis is supply and demand.  If people are buying houses, then they don’t need apartments.  If people are buying houses, they don’t need to rent them, either.  So who loses in a hot housing market?  The landlord.

Are you noticing rents flattening, or even going down? Are more people moving because they bought something, or do new renters spring up instantly to replace them?  Are your rental properties still generating long lines and people offering to fight each other for the right to write you checks?

Comments (7) -- Posted by: madhaus @ 5:03 am

January 26, 2013

UPDATED: Special Bunus Report: Record-breaking property sale in Woodside

Thanks very much to Burbed reader Real Estater, who passes along the news that We’re Number One.  Again.  That is, We’re Number One as long as you don’t count ranches with a hundred thousand acres in Montana.

Silicon Valley real estate stunner: Woodside estate sells for $117.5 million

By Pete Carey, SJ Mercury News
Posted:   01/25/2013 07:00:12 PM PST; Updated:   01/25/2013 09:13:29 PM PST

WOODSIDE — A legendary investor’s sprawling estate here has sold for $117.5 million, one of the highest prices ever for a residential property in the U.S.

The sale price eclipses the previous Silicon Valley record of $100 million paid for a Los Altos Hills mansion by Russian investor Yuri Milner in 2011 and comes amid a red-hot market for luxury home sales in Silicon Valley and the Peninsula.

The private sale was closed in November between the owner, private equity investor Tully M. Friedman, and an undisclosed buyer represented by SV Projects, according to public records.

130126-mtnhome-frontNice going, San Jose Mercury “We once were a real News organization! Really!”  You’re reporting on a record-breaking property sale and couldn’t find any pictures of the property?  And it’s not like you didn’t have a few leads to go look for them.  Like the one from SFLuxe you alluded to at the end of your story and didn’t even hotlink in.

Their article has several excellent photos of delicious houseporn, all credited to photographer Jay Graham.

SFLuxe states their article is an exclusive, so they must have an arrangement with Graham to feature his photos.  Do check out their article.  In the meantime, Redfin is redirecting any requests to see the property record with a lovely redirect loop, so let’s see what we can find out elsewhere.

Update 20:50 — The Redfin link is working again but it’s been somewhat scrubbed. What a coinky-dinky.

130126-mtnhome-zillow360 Mountain Home Rd
Woodside, CA 94062

California > Redwood City > 94062 
Not for Sale
Zestimate: $19,227,778
Rent Zestimate: $12,677/mo
Est. Mortgage:
$69,193/mo

Bedrooms:4 beds
Bathrooms:4.5 baths
Single Family:8,930 sq ft
Lot:391,604 sq ft
Year Built:2005
Last Sold:Jul 1997 for $8,000,000
Parking:Garage
 
Description
This 8930 square foot single family home has 4 bedrooms and 4.5 bathrooms. It is located at 360 Mountain Home Rd Woodside, California.

Sure makes you wonder about those Zestimates when they’re off by 500%, although it’s hard to model paying top dollar for bragging rights.

We’re not going to find much in the public real estate websites, because the property was never listed for sale.  Still, the SFLuxe article gives a few hints.  The architect is Allan Greenburg, who featured four photos of the house in his online portfolio:

130126-mtnhome-poolWoodside Residence
California

This northern California home sits in an elaborate hilltop garden. Reflecting the strong Palladian tradition in the United States, it is planned around hyphens and dependencies and features a double volume, elliptical garden room.

Photo: Michael Biondo

And as to why we are almost Number One in expensive real estate transactions?  There’s that 124,000 acre ranch in Montana that Stan Kroenke bought, listed for $132.5 million (including the cattle).

Update 20:50: Adding in an aerial shot.  Note the road at the side of the house is not where the entrance is, that’s far off beyond the lower right.

130126-mtnhome-satellite

Anyway, eat your heart out, Yuri Milner.

Comments (11) -- Posted by: madhaus @ 1:07 pm

Yet Another Map of California

Submitted for your edification.  At least this time we have a link, but it’s to a site that doesn’t know where it came from either.

130125-CA4beginners

This is, of course, your Weekend Open Thread as well.  Tell us what you love about California.  If you hate something about California, it’s because you don’t live in the Real Bay Area.

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

January 25, 2013

What the Hecking Heall in Healdsburg

It’s time for the weekend, so let’s end the workweek with one more whomp of Housing Win.  Burbed reader Tom Paine has a serious case of Whisky Tango Foxtrot for you to Foxtrot off with.

130124-big-redfin2150 big ridge Rd
Healdsburg, CA 95448
$925,000

0 Beds
1 Baths
— Sq. Ft.
Built: —
Lot Size: 80 Acres
On Redfin: 472 days
Status: Active
Property Type: Residential, Detached, Single Family
Stories: 1
County: Sonoma
Style: Other
Community: Healdsburg
MLS#: 21126715

NET ZERO – OFF THE GRID This 80 acres of pristine land with the ultimate view across Dry Creek Valley. This stunning virgin land awaits for the building of your ideal home with several buildling sites. A unique 1200 sq ft living structure with a 680 sq ft bedroom / mezanne.

When he sent this in, Tom observed:

It has a Mezanne! wHiCH Is LikE, waaaAY COOL!

Too bad it doesn’t have a bedroom.  Are we supposed to sleep on one of the buildling sites instead?  The mezanne doesn’t look comfortable.

130124-big-curvy130124-big-living130124-big-breadbox130124-big-trees

You can’t fool us.  This house is actually a giant-ass aluminum toaster.  Too bad it’s off the grid.

Comments (6) -- Posted by: madhaus @ 5:05 am

January 24, 2013

Value is in the land, and that value is $101.01 a square foot

How much should land in the Real Bay Area cost, when they aren’t making any more of it?  It’s hard to tell, as most of it is already covered with houses.  But today’s featured property, courtesy of Burbed reader Michael Boltonestater, may help us get an idea.  All together now: Mountain View, so close to Google!

130123-bryant-redfin344 BRYANT Ave
Mountain View, CA 94040
$4,400,000

3 Beds 
1 Baths 
1,216 Sq. Ft.
$3,618 / Sq. Ft.
Built: 1953 
Lot Size: 0.93 Acres 
On Redfin: 1 day
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Grant
MLS#: 81301915
Style: Traditional, Cottage/Bungalow
View: Neighborhood
County: Santa Clara

3BR/1BA WITH SPACIOUS KITCHEN OVERLOOKING YARD. FEATURES INCLUDE LIVING ROOM WITH REFINISHED HARDWOOD FLOORS, INSIDE LAUNDRY ROOM WITH PANTRY, & APPROVED PLANS FOR REMODEL/EXPANSION INTO SPACIOUS ATTIC AREA. POSSIBLE 4 LOT SUBDIVISION ON APPROXIMATELY 40,000SF LOT (. 93 ACRES). OUTSTANDING DEVELOPMENT OPTIONS WITH ACCESS FROM BRYANT FILOMENA COURT. IDEALLY LOCATED IN WELL ESTABLISHED NEIGHBORHOOD.

130123-bryant-streetviewYou know the agent is just phoning this one in to long list of OPPORTUNITY-minded investors. Otherwise, this house with all its expansion plans could have easily been featured instead of just an aerial shot.  Heck, Google even managed to find something once we realized the Redfin map was pointing to the wrong place (over at Beaumont and Apricot, and wonder why that happened, huh?)

Also look at this very odd cul-de-sac that abuts the property (right underneath the lot on the lower right).  Looks like it only culled half de sac.

130123-bryant-satellite

130123-bryant-view-from-beaumontSo, do you think land in Mountain View in a good zip without the good schools is worth a million for a quarter acre?  Can you make money as a developer when your land costs are that high?  New homes in nearby Enclave at Waverly Park development (the old Pumpkin Patch property) went for $2M+, but they built 53 big houses there.  Hard to get economies of scale when this lot will support four of them.

Perhaps the third time’s a charm for this huge investment opportunity. The buyer is sticking to this price regardless of which agent has the deal.

130123-bryant-history

Comments (9) -- Posted by: madhaus @ 5:04 am