November 6, 2013

Waterfront Lifestyle in (okay, next to) Silicon Valley

Have you ever wanted to live right on the water, like some homes we’ve featured in Alameda, but thought to yourself, “Dang it, I don’t want a killer commute like that! I have to live near major employers and be able to hang out with my friends in downtown Palo Alto if we ever get any time away from work! Oh yeah, and I don’t want to pay a million dollars for the location! Plus I want a property listing that acknowledges how creative I am.” Now you can have it all!

131106-maple-redfin1548 Maple Street #82
Redwood City, CA 94063
$265,000

2 Beds
2 Baths
890 Sq. Ft.
$298 / Sq. Ft.
Built: 1996
Lot Size: —
On Redfin: 31 days
Status: Active
Property Type: Other (See Remarks)
County: San Mateo
Community: Lenolt
MLS#: 81336823

This charming 2BR 2BA floating home features unobstructed Redwood City water views. The two level home is an entertainer dream home with open flr plan, modern Kitchen, expansive decks, and a two person hot tub. Bonus work room/ workshop makes this home a dream come true to every person who enjoys the outdoors, entertainment and being creative.

Yup, nothing screams “I am being creative” more than a houseboat in Redwood City, unless it’s a schoolbus in the Santa Cruz Mountains. And the houseboat not only has an open flr plan, it’s much closer to Facebook.

Bunus: Absolutely NO public info on this place except the fact it’s a mobile home. A floating mobile home. Speaking of sunk costs…

Comments (20) -- Posted by: madhaus @ 8:59 am






October 14, 2013

We’re #1! We’re #1! We’re… PRICED OUT FOREVER!

Yesterday we shared a San Jose Mercury News (motto: Website now as thin as our newspaper!) piece showing many first-time buyers are going to remain full-time renters for the time being.  And that’s true even if we spot them places like Hayward and Mountain House.

That’s distressing news if you hate your blood-sucking landlord (but we repeat ourselves), your noisy neighbors, or your shiftless property “manager.”  Let’s balance that cup of cold crappy colloquy with some news that will turn your frown upside down.

Where Can the Middle Class Buy a Home?

131013-sf-least-affordable-ggbBy CONOR DOUGHERTY, The Wall Street Journal

If you’re in the middle class and want to buy a home here’s a piece of advice: Move to Ohio (if you’re not already there).

Some 86% of homes in the Akron, Ohio area are within reach of middle-class buyers in the area, the highest share in the nation, according to a report from Trulia, the real estate listings site. The next two cities on the list, with 85% of homes affordable to middle class, are Dayton and Toledo, respectively.

For those of you in the coastal elite who are reading this post for the perverse pleasure of finding out just how unaffordable your city is, you might be surprised to hear that New York isn’t No. 1. San Francisco is the least affordable place to be a middle-class buyer, with only 14% of homes within reach of those making the median San Francisco household income of $78,840, according to Trulia.*

However, we were slightly surprised by the next two most unaffordable places, Orange County and Los Angeles, respectively. New York was the fourth least affordable place to be middle class. After that were San Diego and San Jose and Ventura County.

Sooooo, SF is #1 but Silicon Valley is #6? But note, California completely PWN3D New York and the entire East Coast in the unaffordability sweeps. Washington DC? Shut out by the shutdown. Later, you imperialist running dogs no longer feeding at the public trough for the next few days!  When it comes to places nobody can afford to live in, we can revel in our Specialness!

131013-sf-least-listThe Trulia link above (yes, of course it works) says that while San Francisco has a 60% higher median income than most-affordable Akron, Ohio, homes there sell for (deep breath, now) seven times as much.  Only 14% of homes for sale are affordable to a household earning median income for the area.  Even worse, whoops, we mean better, San Francisco has dropped ten more percentage points in affordability since last October when 24% of homes could be purchased by a median income household.

To get slightly wonky, the real formula was what percent of homes’ monthly payments were 31% or less of the median household income, which shows the problem right there.  Everyone knows if you want to buy a house in SF, Cash is King. Monthly payment? Might as well ask if they’ll sell you the house for a hogshead of buggy whips.

San Jose’s affordability index per Trulia was 31%, but then again, none of the contenders were anywhere close to SF.  Second-place Orange County came in with only 23% of homes rated affordable by the “middle class.”

Trulia also provided a “maximum affordable home price” for each area.  Let’s take a look at what you get for that price.  Here’s a 5 BR/3 BA in SF at only $10K less than the maximum affordable amount. Of course this house is in Bayview and it has some permit issues, but you can’t have everything.

131013-sf-least-newhall

Contrast to how far your dollar S-T-R-E-T-C-H-E-S in San Jose!

131013-sf-least-waverly

Wow, a gated estate with lots of CAPITAL LETTERS and it’s yours AS IS, which means the seller won’t switch houses on you!  And just for giggles, let’s see what an “affordable” house in Akron (highest affordable house: $226K) looks like.

131013-sf-least-akron

OMG look at that house! Those bricks are going down into a big ol’ pile as soon as The Big One hits! Not only that, it would take at least a couple more hours to get to Google from here than the other two houses we showed you.  And when you look out in the boonies like this, notice what you don’t get: a decent fence around the place to keep the nosy neighbors away.

We won’t even get into the difficulty of transferring into Cupertino schools.

Comments (8) -- Posted by: madhaus @ 7:08 am

October 8, 2013

Seller Prefers No Photo in Willow Glen

A great listing should be chock-full of photos to make you drop everything you’re doing and run over to your agent to say I MUST HAVE THIS HOUSE THIS INSTANT.  A so-so listing will have at least a couple of photos that intrigue you enough to see yourself possibly moving in.  And then there’s today’s listing.

Yes, we know there was no listing yesterday.  Unless all three of our readers decide to send in voluntary donations to keep us motivated, there sure are times we just don’t feel like writing. You want fresh content each morning? Then go ahead and MAKE MY DAY.

Ahem. Anyway, on to today’s featured property!

131007-william-redfin572 W WILLIAM St
San Jose, CA 95125
$299,999

3 Beds
1 Baths
1,204 Sq. Ft.
$249 / Sq. Ft.
Built: 1905
Lot Size: 6,000 Sq. Ft.
On Redfin: 122 days
Status: Active
Property Type: Detached Single Family
Community: Willow Glen
MLS#: 81320113
Stories: 1
County: Santa Clara

Great fixer upper in Willow Glen. 3 Bedrooms 1 bath, shopping and schools nearby. Large kitchen with cute built-ins. High ceiling adds space.

Why would the seller prefer no photo when their agent could give us this one?

131007-william-streetview

Or an even better shot, like the LOCATION, LOCATION, LOCATION! This place is close to EVERYTHING!  Like extra added emissions!

131007-william-aerial

And we’re sure you can find even more amazing benefits to this property that the agent neglected to share! Have at it!

Comments (14) -- Posted by: madhaus @ 7:05 am

September 26, 2013

Priced to Sell! In Crockett!

Why would any real estate professional use the phrase “priced to sell”? How many homes listed for sale are actually priced to not sell? Here’s one in Crockett that says the agent took the trouble to let you know about it so he could collect a commission… unlike every other house on the MLS.

130925-bay-redfin425 BAY St
Crockett, CA 94525
$249,900

4 Beds
2 Baths
1,368 Sq. Ft.
$183 / Sq. Ft.
Built: 1932
Lot Size: 3,000 Sq. Ft.
On Redfin: 77 days
Status: Price Change-REO
Type: Detached
Stories: 2
County: Contra Costa
Style: Traditional
Community: Crockett Heights
MLS#: 40622629

With a little TLC this home could really shine. .. .. 4 bedroom home with 2 bathrooms in a split level style. Cozy and easy flowing with a 1 car garage and 2 parking pads. There is a nice yard and filtered views. Priced to sell!!

130925-bay-glowEasy flowing? There’s a leak in the bathroom?

While the house doesn’t merit the Burbed cozy tag (that’s for homes under 1,000 square feet), the land earned the tiny lot award (under 5,000 sf).

We have a theory why this house isn’t selling (77 days on Redfin) and it isn’t the lucky datestamp in the corner. No, it’s the dual poltergeists in the doorways.

Do you see a “Not Haunted” sign in front of this house? Well, do you?

We don’t even want to ask what “filtered views” are.  Filtered through all the ghosts?

Comments (8) -- Posted by: madhaus @ 7:07 am

September 5, 2013

Redwood City pink house in Shire, Buyer to varify

Our site founder has this thing for pink houses, so we’re really delighted to find this gem.  There’s so much to love about it, we’d consider this house for the front page even without the awesome paint job.  Best of all, you could buy this one for cash.  In fact, you may well have to.

130904-devonshire-redfin2841 DEVONSHIRE Ave
Redwood City, CA 94063
$275,000

2 Beds
1 Baths
900 Sq. Ft.
$306 / Sq. Ft.
Built: 1948
Lot Size: 3,990 Sq. Ft.
On Redfin: 57 days
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Cottage/Bungalow
Community: Dumbarton
MLS#: 81324754

Fixer upper. Buyer to varify with Redwood City Planning dept. due to lot size. No contingency. 10% cashier check payable to ‘San Mateo County Public Guardian’. The condition of this property may require an all cash buyer or a rehab loan, ask your lender. Court confirmation on 9/10/2013 at 9 AM at Dept. 28, 400 County Center, RWC CA 94063.

If a picture is worth a thousand words, this house is a New Yorker essay.  Ask your lender.

130904-devonshire-living130904-devonshire-windowsimage130904-devonshire-door

Comments (2) -- Posted by: madhaus @ 7:03 am

April 21, 2013

Open Houses, Open Threads, Open Minds, Open Wallets

130420-fallon-redfinToday is Sunday! That means better hurry up and make the most of Spring Bounce by visiting as many Open Houses as you can today.  It also means we put the alphabet away until Monday.

This particular house on the left isn’t listed as Open and probably won’t be, because it’s selling shortly.  The bank knows a lot more about it than the FB who wasn’t getting the monthly nut met.

130420-fallong-psychic

130420-fallon-tower130420-fallon-crisisAnd you don’t have to be a psychic to get that banks expect mortgages to be paid back.  Too bad this resident didn’t sense that sudden change in their domestic affairs. 

Here’s the most real estate-related card in the Tarot.  The Tower represents sudden change, release, downfall or revelation. Yes, that definitely sounds like a ride on a Bay Area Real Estate Bubble.

Thanks very much to Burbed reader Petsmart Groomer for observing the inherent contradiction in that listing photo.

This is an Open Thread. Share your predictions of where home prices are headed.  Or we’ll just post them for you as we shuffle the cards.

Click here to post a comment -- Posted by: madhaus @ 5:02 am

April 16, 2013

Need a New Nest? Now there’s Newark!

BlogAtoZ-NWe’ve Nosed past the first half of the Blogging from A to Z Challenge, and Now we’re on to the New ones. Let’s celebrate with the kind of property Burbed was always Noted for.  Today’s featured property in Newark Needs work.

130415-wells-redfin7419 WELLS Ave
Newark, CA 94560
$299,000

2 Beds
1 Baths
660 Sq. Ft.
$453 / Sq. Ft.
Built: 1895
Lot Size: 6,250 Sq. Ft.
On Redfin: 7 days
Type: Detached
Stories: 1
County: Alameda
Style: Traditional
Community: Newark
MLS#: 40609921

Remodeled 2 yrs ago. Newer copper plumbing and sewer line, newer doors, paint and laminate floors throughout, newer bathroom and most windows are newer. Garage conversion to a studio is being used as rental, Maybe illegal! No knowledge of permits. AS IS Sale only! Only showing 4/13 and 4/14 11-2pm

130415-wells-living130415-wells-dining130415-wells-bath

This is so exciting! Maybe illegal! Or immoral, or fattening. With No Notion of permits, Nothing’s impossible. So Not only is this Nice home available for Not a lot of money, it’s also Notorious!

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

April 6, 2013

Forestall Foreclosure in Fremont!

BlogAtoZ-FIt’s Day #6 of the Blogging from A to Z Challenge, and these Frackin’ Festivities are a Fantastic Folderol! We’ll leave the weekend open thread until tomorrow, as we have another Fantastic Freehold to Flaunt. But First, a Foreward From our Fabricator.

You’ll be looking Forward to Sunday every day the next 2 Fortnights because that’s the only day off From the A-Z Challenge.  So we’ll Fit the open threads into that Forum.

And now back to our Frequently Fated Flagon of Fail.

130405-greeley-redfin5599 Greeley Pl
Fremont, CA 94538
$250,000

3 Beds
2 Baths
— Sq. Ft.
Built: 1965
Lot Size: 5,918 Sq. Ft.
On Redfin: 4 days
Type: Detached
Stories: 1
County: Alameda
Style: Ranch
Community: Fremont
MLS#: 40609034

Great neighborhood, walk to schools. Short Sale Subject to Lender Approval. Open House Sunday April 07, 2:00-4:00 PM. Call (408)977-1700 recorded message for instructions

Forget the Fone For instructions. Just drive along the Freeway until you Find it.

130405-greeley-aerial

Fine Future. Foreseen For sure.

Comments (3) -- Posted by: madhaus @ 5:07 am

March 20, 2013

be the one to gain from the sweat equity

We’re spending too much time in Silicon Valley.  Let’s pop over to the East Bay and see if Bay Area Bubble 4.0 has wafted across the San Mateo Bridge yet.  Today’s featured property bubbled up from Burbed reader J from Alameda!  Thanks very much for keeping us Real, which means the whole Bay Area.

130319-central-redfin623 CENTRAL Ave
Alameda, CA 94501
$285,000

2 Beds
1 Baths
1,139 Sq. Ft.
$250 / Sq. Ft.
Built: 1909
Lot Size: 3,960 Sq. Ft.
On Redfin: 1 day
Type: Detached
Stories: 1
Community: West End
MLS#: 40607329
Style: Colonial
View: Other
County: Alameda

Classic Colonial Revival, 2 bed 1 bath ready to refinish. be the one to gain from the sweat equity.

Upcoming Open Houses

Saturday, Mar 23: 2:00-4:30 pm; Sunday, Mar 24: 2:00-4:30 pm

Comments

Bring your contractors

130319-central-fireplaceThat last phrase under comments? It’s hidden in the web page and popped up when we did a copy and paste.  Heh heh.  What else is hidden on all those Redfin pages? Maybe it’s an early Easter Egg Hunt.

Now let’s check in with J.

I have been driving by this house for years and wondered how it was still standing. I am still wondering. Let’s see how hot the Alameda market is – how fast will this fly? While not quite RBA it is just a bridge….or ferry…or BART ride away….oh, and make sue you check out the street view.

First let’s check out some more of the house.

130319-central-pipe130319-central-texture130319-central-bath130319-central-cement

And the streetview?

130319-central-streetview

Wow! Lots of neighbors ready to welcome you!

Comments (16) -- Posted by: madhaus @ 5:07 am

February 21, 2013

HOUSE for under $300K with colorful history, we bet

Yes, you heard right, today we have an actual house for sale for less than $300 big ones.  That means you have no more excuses for not becoming a homedebtor.  Thanks very much to Burbed reader holyzoo for passing along this palace in Pacifica!

130220-edgemar-movoto627 Edgemar Ave
Pacifica, CA 94044
$289,000

Loan Payment: $1,022/mo
Bedrooms: 3
Bathrooms: 1&1/2
Size: 1,000 sqft
$/Sqft: $289/sqft
Type: Single Family House
Year Built: 1950
Lot Size: 5,104
Days on Movoto: 14 days
Neighborhood: Pacific Manor
MLS#: 81303817
Status: Active

This is a total fixer upper. The house needs everything! Swimming pool full of rancid water. Considered uninhabitable . Sewer lateral needs to be replaced. This is a contractor special. The house needs all new systems and total restoration. Large termite report calls for further inspections. Holes in walls. Wood floors ruined.

130220-edgemar-hardwoodDid you hear that? This house has EVERYTHING!  Let’s check in with the zed.

Yeah, I know it’s totally not RBA, but how often do you actually see a listing for under $300k?

I think we’ll be heading to the open house just to feel thankful we don’t have cancer or gangrene.

Speaking of the open house, let’s see how open the walls are.

Wait a minute, wait a minute… Remember when we last saw floors like this?  Sure you do.

130220-edgemar-chemstains-article

130220-edgemar-entryNow, we are definitely not saying that this house could have allegedly been a hypothetical meth lab.  And we are definitely not saying that this house could have been used for any non-normal innocent suburban purposes whatsoever OH PLEASE DON’T SUE US PLEASE DON’T THROW US INTO THAT BRIAR PATCH JACKPOT JURY PROCESS. 

But we are saying that it’s a good thing the nearest fire station is, we swear we are not making this up, only 88 yards from this house.

Have a look at some more pictures, including one that is very definitely NSFW, after the break.

(more…)

Comments (29) -- Posted by: madhaus @ 5:02 am