August 21, 2008

What kind of house does $1.2 million buy you in expensive New Jersey?

So yesterday we saw what $1.2 million buys you in the Bay Area’s best school district:

Let’s look at a house in what some claim is Burbed’s city of obsession in the East Coast:

Single Family Home – TENAFLY, NJ, 07670 –

Wow. Is it any wonder why the message boards are full of threads about people wanting to leave New Jersey and it’s best in nation school districts?

My god.

Just look at that bloat. You spend $1.2 million and you get 3425 sqft of waste. What are you going to do with that space? How will you be incented to work anymore? You’ll probably just want to sit at home and relax all the time.

And just think about those taxes in New Jersey. That’s right! They have a state income tax of 8.97% if you make more than $500,000. Which, of course, nearly all of Burbed’s readers do. (It’s only 6.37% if you make $75k-$500k. You might as well get food stamps if you do!) And no taxes on clothing!

Then there’s the lack of any good schools in the area. Do they have Cal or Stanford? DUH of course not. All they have is Princeton, and maybe Columbia. Are those schools known for anything?

When you put it all together, it makes sense why people are fleeing New Jersey for low tax destinations California all the time. Just the idea of living in 3425 sqft taxes my mind!

UPDATE: Edited the title.

Comments (80) -- Posted by: burbed @ 5:41 am

August 20, 2008

$1,355 per square foot house in Palo Alto – normal!

2375 SIERRA Ct Palo Alto, CA 94303
Price: $1,199,000

Beds:     3
Baths:     3
Sq. Ft.:     885
$/Sq. Ft.:     $1,355
Lot Size:     7,620 Sq. Ft.
Age (Years):    58
Year Built:    1950
Type:    Detached Single Family
Stories:    1 Story
View(s):    Neighborhood
Neighborhood:    Green Gables
County:     Santa Clara

Must see. Move in condition. Live in exisitng or build your dream home. Cul-du-sac. Nice neighbourhood. Easy access to freeway. Close to midtown. No sign, no lockbox. Sellers are moving out of town & want quick close. “AS IS” Sale. Open house Aug 9 from 1.30pm to 3pm. Still accepting offers.

Burbed reader Michelle originally sent this to me at the end of July, but I missed it (junk mail folder woes.) Here’s what she had to say then:

Take a look at this gem, new to the market.  Priced for 34% appreciation in 36 months!

Crappy part of Palo Alto and “just” $1242/sf on a small-ish lot.  The buyers will have to act fast – offers are due this Tuesday.  Time for all of those bids to rush in.  (And I have to wonder, if the realtor says this place is “move in condition” then maybe he/she is color blind.)

Guess what Michelle! It looks like you should’ve bought it back then because the price has already appreciated an additional 9% since it was listed. Damn! Ouch!

Besides, is this really so bad?

The TV mounted over the stove gives it a certain retro-bling feel. Plus, these are Palo Alto schools!

Honestly, if you’re interested in this house you’d better buy it ASAP. Otherwise, I can easily see the sqft appreciate another 9% by the end of the month. This is Real Bay Area Prime Platinum. Better quick on the draw!

Comments (76) -- Posted by: burbed @ 5:35 am

July 31, 2008

What does $1,199,999 buy Alameda these days?

Thanks to Burbed reader RinkRat for this find. Now, as we all know, Burbed doesn’t do a heck of a lot of East Bay – let’s face it, it’s not really Real Bay Area.

But if this is true, then perhaps it is time to reevaluate that and include Alameda in that designation!

Anyone familiar with Alameda and can share some of the biggest selling points of that area?

Comments (87) -- Posted by: burbed @ 5:05 am

July 30, 2008

What does $1,248,000 buy in Sunnyvale these days?

1232 Mandarin Dr, Sunnyvale, CA 94087 Sunnyvale MLS# 80821888 – Property Details

* Status: Active
* Bedroom: 4
* Bathroom: 3
* Year Built: 1960
* Lot Size: 8848
* Square Footage: 2284
* List Date: 7/16/2008
* Garage Spaces: 2
* MLS#: 80821888

Burbed reader madhaus sent this to me a few days ago, but I forgot to post it.

This house is definitely quite remodeled – but is it really worth $1,248,000? Of course it is! 4 bedrooms, 3 bathrooms? Extra wide side yard for that all so important additional parking (hello entrepreneurs!) and granite galore?

“WILL NOT LAST AT THIS PRICE” is the understatement of the year. How much over asking will this sell for?

Comments (188) -- Posted by: burbed @ 5:00 am

July 17, 2008

$1 million house in Millbrae – free christmas lights!

1176 ELMWOOD Dr, Millbrae, CA 94030

* Status: Active
* Bedroom: 4
* Bathroom: 2
* Year Built: 1955
* Lot Size: N/A
* Square Footage: 1610
* List Date: 2/6/2008
* Garage Spaces: 4
* MLS#: 336688
PRICE REDUCED! Beautiful ranch-style home in a desirable area of Millbrae * 4 bedrooms, 2 bathrooms, family room, formal dining area, huge kitchen area & bar * 2-car garage side-by-side * Large fenced backyard * Double pane windows, hardwood floors throughout.

Sellers continue to give and give and give. This house comes not only with a reduced price, but those hard to find lights hanging off the roof. Some would call them Christmas lights, but we know them as festivus lights.

And check it out, you get a four car garage somehow – can you say passive income?

And look at the prestigious area this in – don’t you like golfing? Don’t you like being near a lake?

If you ask me, this is a fantastic deal! Just a million!

Comments (35) -- Posted by: burbed @ 5:49 am

June 18, 2008

Free Maui Hawaiian Vacation with purchase of $1.18 million dollar house

629 W 30th Ave, San Mateo, 94403

* Status: Active
* Bedroom: 4
* Bathroom: 2
* Year Built: 1941
* Lot Size: 5096
* Square Footage: 1600
* List Date: 4/3/2008
* Garage Spaces: 2
* MLS#: 20810506

Best of both worlds. This family home has been completely refreshed, while retaining its original charm. Four spacious bedrooms including the private master suite,plus an abundance of closets. 2 full baths., formal DR. Fully remodeled kitchen and sunny breakfast bar. Pool & spa, lg, 2 car garage and storgage.

Wow. What an unbelievable deal.

A free week of the user of a condo?

OMG. That’s like… $8000 of value right there!

Unbelievable! So you’re telling me if I spend $1,188,000, I’ll get $8000 for free? Wow… .6% back! What an amazing deal!

Now I really can’t wait to buy this house that’s best of both worlds and has storgage!

My god! What else do you want these sellers to give? Their first born child’s placenta??

(Thanks to Burbed reader Rink Rat for this find.)

Comments (20) -- Posted by: burbed @ 10:11 am

May 22, 2008

Which photo of this million dollar Redwood City house looks better?

I probably should’ve posted these a few days earlier… but nonetheless this is still rather interesting:

Well, what’s wrong with this house you might be wondering? After all, it looks pretty good. The garage is even a little sunken – that’s kind of neat.

Well… let’s take a look at a slightly different picture:

Wow. What a difference. I’m not photography expert, so I’d love some professional input here, but this is rather interesting. From a mini-mansion, this house now looks like it’s built for people like Yao-ming: Tall and skinny. Which is a good thing! After all, who doesn’t want to reduce their footprint on this beautiful planet of ours. 2100 sqft – of very skinny sqft. Maybe they should’ve used a new unit of measurement for this house!

Also, notice the difference in colors. What’s up with that? Any color experts here?

Is the second one, which I believe is the Realtor preferred one, better? Or worse?

Regardless, this is now $50k off – so it’s a great deal no matter which picture you like more. Go get it!

(Thanks to the very anonymous Burbed reader for this find.)

Comments (12) -- Posted by: burbed @ 5:39 am

May 9, 2008

Story writing contest for a Cupertino house

728 Stendhal Ln, Cupertino

* Status: Active
* Bedroom: 4
* Bathroom: 2
* Year Built: 1961
* Lot Size: 6000
* Square Footage: 1516
* List Date: 4/1/2008
* Garage Spaces: 1
* MLS#: 788429
Description of 728 Stendhal La, Cupertino
Charming Cupertino Eichler-styled home, Features include 4 bedrooms, 2 bathrooms, Wood Ceiling with Foam Roof, modern kitchen, spacious counters and lots of cupboard space, large living/dining room for entertaining. This home is perfect for a large family with school age kids – schools are within walking distance. Large front atrium with glass throughout for viewing common areas. Internet Access.

Sweet! It’s a see through home. And it’s got a foam roof. (Does that mean asteroids will bounce off of it? What the heck?)

But wait… there’s more!

Alright Burbed readers! It’s Friday! That means it’s: “Write a story day”

My challenge to you: write a short story that explains what’s going on in these photos, why this person is selling, and what the guy in the photo saying to the potential customers.

Ready? Get set! Go!

Comments (42) -- Posted by: burbed @ 5:10 am

April 24, 2008

$1.2 million for house in extremely poor condition – dwelling unlivable

22641 Alcalde Rd, Cupertino
* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1948
* Lot Size: 9310
* Square Footage: 1716
* List Date: 3/26/2008
* Garage Spaces: 3
* MLS#: 786969

I love how this house is advertised that it is in extremely poor condition and that this dwelling is unlivable. Two words: REVERSE PSYCHOLOGY

I bet after reading that, you said to yourself: MUST HAVE.

And must have you should! After all, buying this house gives you something that others can only dream of – FREEDOM. Freedom to build whatever you want. Freedom to start anew. It’s the way of the West, the American Dream, the glory of hope!

Oh my god, how can you resist this two punch attack of psychology and patriotic appeal.

And yes there was an open house – but would you have attended?

Comments (52) -- Posted by: burbed @ 5:04 am

February 26, 2008

Deer for sale in Belmont!

2325 HASTINGS DR, Belmont 94002 (Belmont)
$1,029,888 Beds: 3 bed(s) Baths: 2 1/2 bath(s) MLS: 7561092325hastings.jpg

Property Overview
Belmont (Belmont) 94002
Attached Single Family (Class 1)
Bed/Bath: 3 / 2 1/2
SqFt: 2,210
Lot: 3,232 sq ft
Age: 31 years
List Price: $1,029,888
Assoc Fee:
Great Belmont Hills Neighborhood * Bargain Priced $230,000 Below Last Sale of Same Model Type on Same Bay and City Lights View Side of Street
This is a beautiful view home with bay, city lights, canyon and mountain views. Lovers of nature will enjoy the daily deer sightings just off the spacious back deck or from the private balcony of the huge master suite. This is a fantastic neighborhood with a little tike park located just up the street from the home. The current schools are the finest in Belmont with 2006 API Test Scores of 915 for Fox Elementary, 858 for Ralston Intermediate and 791 for Carlmont High School. This compares favorably with the statewide average of 721 and the San Carlos Elementary School District’s 873 average. This luxurious home has just been painted and also has new carpet to go along with the hardwood floors. Customize the home by changing out the original appliances in the kitchen. The yardwork is minimal aside from mowing the front lawn. A private enclosed courtyard is ideal for a fountain, garden, child’s play or pets and the backyard is nearly maintenance-free. This home is priced $230,000 less than the last sale price (September, 2007) of $1,260,000 for the same model home type on the same side of the street in pristine shape. This is an opportunity to create well over $100,000 of instant equity in your new home. Call Robert today to take advantage of this special opportunity.

Burbed reader Edward sent this in… apparently he feels that I give too much love to Redwood City and San Jose. I suppose so.

In particular, Edward was amazed that you could buy 3 deer for $1 million – he forgets that they’re very special deer. Probably the most open minded, Web 2.0 savvy deer there is.

Personally, I’m a bit surprised at the ad: look at that instant equity! How can any one resist. Buy it, refi it, and boom – suddenly you’ve got enough money to invest in assets like a nice car to go with your new millionaire status!

How can any one resist!

Thanks Edward!

Comments (14) -- Posted by: burbed @ 5:56 am