February 22, 2014

Low Income Housing… Marin Style

Thanks very much to Burbed reader Barbara for a look at what’s below median income in Mill Valley.

140221-tamalpais-redfin14 Tamalpais Commons Ln
Mill Valley, CA 94941
$328,555

HOA Dues: $308/mo.
0 Beds
1 Baths
400 Sq. Ft.
$821 / Sq. Ft.
Built: 2010
Lot Size: 401 Sq. Ft.
On Redfin: 5 days
Status: Active
HOA Dues: $308/month
Style: Contemporary
Community: Mill Valley
MLS#: 21403124
Property Type: Residential, Attached, Condominium/Coop/Other
Stories: 1
County: Marin

Welcome to Tamalpais Commons, a mixed-use ‘Build It Green’ luxury home development in central Mill Valley. This affordable studio unit is available to low-income buyers who earn $64,890 or less in gross income. The studio features southeast facing windows, maple floors, a full bath, a small balcony, a stacked washer/dryer, a range, dishwasher, and oven. This is an accessible unit and all appliances meet ADA guidelines.

Here’s Barbara on this Econobox:

Thought this might be worthy of burbed – $821/sq foot affordable housing

Yes, but it’s $821 a square foot affordable housing with really shiny floors.  And don’t forget the three hundred bucks for HOA fees on top of your $1317 a month mortgage!

Comments (3) -- Posted by: madhaus @ 7:01 am






December 16, 2013

This home is in need of extensive repairs… Ideally located

Thanks very much to all our readers, all five of them, who keep checking in, hoping we have some new content. Today’s what-the-fuck-is-THAT property has been brought to you by Burbed reader Swan!  Thanks very much!

Want to keep reading fresh new finds at Burbed?  Send us stuff!

131210-myrtle-redfin1072 MYRTLE St
San Jose, CA 95126
$369,000

2 Beds
1 Baths
600 Sq. Ft.
$615 / Sq. Ft.
Built: 1920
Lot Size: 6,250 Sq. Ft.
On Redfin: 54 days
Status: Active
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cottage/Bungalow
Community: Santa Clara
MLS#: 81338204

Rare Investors/Contractor’s Fixer Upper Special! This home is in need of extensive repairs, or it can be demolished and rebuilt. Zone M1 (Light Industrial) with many possibilities! Ideally located 5 minutes from Santa Clara University next to the beautiful Rose Garden Area. Walk across the street to the newly built Newhall Park with lawns, picnic areas and playground.

131210-myrtle-stuff131210-myrtle-saluteHere’s what Swan had to say about today’s house.

Just trying to help Burbed keep the masses happy!

I am pretty sure this house can’t say, "Done with permits."  I am not even sure it’s legal to live in this place, but the toilet seat is up welcoming the next owner!

We guess that says it all – except there’s way more pictures than this, so you can get an idea of just what they mean by “extensive repairs.”

131210-myrtle-walls1131210-myrtle-walls2

You know what else they forgot to mention? Close to transportation! This is the Nelson Mandela of Close to Transportation because it has accomplished everything.

131210-myrtle-aerial

Comments (1) -- Posted by: madhaus @ 7:08 am

October 24, 2013

Those of us about to be sold short salute you

Here’s a fantastic find in Fremont for ya with fab fotos!  Plus, there’s an AUCTION. Oooh, excitement!  Whoops, they already had it. Think it sold?

131023-bowling-redfin34179 BOWLING GREEN Cmn
Fremont, CA 94555
$385,000

HOA Dues: $275/mo.
4 Beds
2.5 Baths
1,474 Sq. Ft.
$261 / Sq. Ft.
Built: 1970
Lot Size: 1,027 Sq. Ft.
On Redfin: 23 days
Status: Active
HOA Dues: $275/month
Style: Traditional
View: Other
County: Alameda
Type: Townhouse
Stories: 2
Community: Northgate West
MLS#: 40633445

This 4 BR and 2.5 BA townhome is convenient to shopping, park and 880. Lots of light in this two story end unit with patio. DP windows. Needs TLC. Finance incentives – Call Nationstar Mortgage 877.825.2432. Open house 10/12 & 10/14 11- 4. Offers to homesearch.com auction 10/18-24th.

Oh oh.  View is usually “Neighborhood” unless it’s something awesome such as “Golden Gate Bridge” or “Mountains” or “Skyline.”  What do you think an “Other” view is? Is this house appearing on Point/Counterpoint?

Then again, with real estate photography this poignant, this house is more likely to show up on some Reality (not Realty) show such as Real Housewives of Fremont.

131023-bowling-kitchen131023-bowling-salute131023-bowling-living

And since when is $385K under Redfin’s minimum commission?

Alas, the reserve for the auction was not met.  But check out the page for more awesome photos like these.

131023-bowling-auction1131023-bowling-toilet

Comments (5) -- Posted by: madhaus @ 7:07 am

October 18, 2013

Large front yard-plenty of parking

Ha! Fooled you! Bet your thought we weren’t going to post until the Weekend Open Thread again. Nope, we have a winner of a house today from Burbed reader Lefty Lucy.  And you know by “winner” we mean it in the Charlie Sheen sense.

131017-hwy9-redfin12968 HIGHWAY 9
San Lorenzo Valley, CA 95006
$349,000

2 Beds
1 Baths
936 Sq. Ft.
$373 / Sq. Ft.
Built: 1921
Lot Size: 7,492 Sq. Ft.
On Redfin: 18 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Boulder Creek
MLS#: 81336122
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Cruz

Older private cottage tucked away at end of shared driveway. Large front yard-plenty of parking. Some updated plumbing and electrical. 2bdrm/1ba plus bonus room. Updated det studio/living unit in rear with separate patio/yard w outdoor fireplace. Combined w adj 13068 sf parcel #081-174-09-flat, sunny, fenced w separate access. C-2 zoning -check w county re options. Open Oct 3 9-12 & Oct 6 1-4

Upcoming Open Houses

Sunday, Oct 20: Open House – 1:00-4:00 pm

Let’s check in with LL on why this house got sent in:

The front of this house is sorta cute, and then this winner gets better with each picture.

yeah, I’m reduced to shopping in Boulder Creek, so what?! :-)

There’s the W word again. Let’s see what Lefty Lucy meant about “gets better.” Maybe that’s in the Charlie Sheen sense as well.

131017-hwy9-tv131017-hwy9-zoomout131017-hwy9-living131017-hwy9-bedroom

And we’re only up to picture #9!  It gets even better.

Comments (8) -- Posted by: madhaus @ 7:09 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 2, 2013

Investment opportunity! Tenants willing to rent back.

10200 TORRANCE Ave
San Jose, CA 95127
$399,000

20130930a

It’s Silicon Valley! Who doesn’t like an investment opportunity!

So, if this has been renting for $1,800 per month for more than 4 years, doesn’t that mean that this is underpriced? As the new landlord, would you immediately double the rent to the market value of $3,600? After all, the rent was based on the price before the remodel! That seems awfully low.

What’s your pricing strategy for this?

And let’s not forget this large lot in the back!

image

It’s so… triangular! That just means you can build an incredibly unique, and therefore, incredibly expensive (because it’s rare!) house in the back as well! You could market this as the Triangle House – TriHo for short!

Comments (2) -- Posted by: burbed @ 5:48 am

September 20, 2013

Cheapest House in San Jose: Just add imagination & love

Tired of seeing three million dollars for a cracker box in Palo Alto?  Us, too.  Here’s how far you can S-T-R-E-T-C-H your dollar if you’re willing to look in San Jose. Well, the Special parts, anyway.

130919-drake-redfin602 DRAKE St
San Jose, CA 95125
$319,000

2 Beds
1 Baths
966 Sq. Ft.
$330 / Sq. Ft.
Built: 1948
Lot Size: 4,840 Sq. Ft.
On Redfin: 8 days
Status: Active
Property Type: Detached Single Family
Community: Willow Glen
MLS#: 81333635
Stories: 1
County: Santa Clara

Diamond in the rough, Corner lot with potential, with some imagination and love you can turn it into your dream home. Large backyard with room for RV or boat parking. Detached garage, perfect for an at home workshop. ALL CASH ONLY. Property condition restricts financing options.

Didn’t we already have a diamond in the rough this week? This one appears to be a little rougher. At least it won’t set you back too much scratch. And here’s why.

130919-drake-patio130919-drake-rear

Not only do you get these lovely pavers, the shadowing on the house makes it look jauntily nautical. Um, that is if “tugboat” can go in that nautical category.

130919-drake-room130919-drake-bedroom

And don’t worry about the low price meaning you’ll do without amenities! As you can clearly observe, the house does have rooms in it!

130919-drake-rous

There’s more! Looks like we found another R.O.U.S, stronghold as well!  That’s two this week!

And here’s really why this place is such a bargain: Location, location, location! Although this location sure ain’t Willow Glen.

130919-drake-satellite

Bunus: Dorky datestamps on photos are from July!

Click here to post a comment -- Posted by: madhaus @ 7:03 am

July 26, 2013

Lovely Livingroom in East Palo Alto

Let’s launch you into your weekend Open Housing with a great find from Burbed reader Petsmart Groomer. Enjoy!

130726-azalia-redfin220 AZALIA Dr
East Palo Alto, CA 94303
$349,000

2 Beds
1 Baths
860 Sq. Ft.
$406 / Sq. Ft.
Built: 1951
Lot Size: 5,500 Sq. Ft.
On Redfin: 24 days
Status: Active
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Traditional
Community: East of U.S. 101
MLS#: 813236

One Story Home, Two Bedrooms, One Bathroom, Livingroom, Garaga Conversion, Large Back Yard.

Wow, a Garaga Conversion. That sounds ethnic. Maybe they’re saying you can open a restaurant here. That’s why the vehicles in the driveway are featured so prominently.  Because this is what Silicon Valley is all about: starting a business in your garaga, and then converting it into something that is not a garaga. In this case, a Honda.

Comments (2) -- Posted by: madhaus @ 7:02 am

July 24, 2013

Not a Drive by in Vallejo. More like ez access to GTFO.

There’s Real Bay Area, there’s Almost the Real Bay Area, there’s Might Be Real Bay Area… and then there’s No Way No How is this RBA. Today’s house is definitely in the latter category.  Thanks very much to Burbed reader L in Vallejo for this fascinating find.

130723-ruby-vallejo296 Ruby Ln
Vallejo, CA 94590
$347,000

HOA Dues: $108/mo.
3 Beds
2.5 Baths
1,632 Sq. Ft.
$213 / Sq. Ft.
Built: 1992
Lot Size: 6,902 Sq. Ft.
On Redfin: 15 days
Status: Active
HOA Dues: $108/month
Style: Contemporary
View: Greenbelt, Other
County: Solano
Type: Detached
Stories: Split Level
Community: Crystal Pointe
MLS#: 40621890

Beautiful tri-level home, 3 bedrooms, 2.5 bath 2 car garage attached in a nice quiet cul-de sac. .location , redwood deck 2 fireplaces , well maintained, clean, spacious . .. ez access to Fway. .. not a drive by. .. a must see. ..

Does L think this is a must see? Let’s listen:

130723-ruby-fireplaceYour blog was so refreshing as I went through the home buying process!

So, I know Vallejo isn’t included in the RBA – but enjoyed the listing pictures on this one very much – especially coupled with the copy.

Potential song pairing: Train, "Drive By"

I think my favorite pic is the pillows surrounding the fireplace.

It’s hard for us to choose just one favorite pic, and it was even harder for the realtard to do so.  And she didn’t have to! The same shots appear over and over and over!  For example, here are pictures 3,4,5 and 11.  Also #10 looks suspiciously like #8 above (the pillows undergoing flammability testing).

130723-ruby-bath130723-ruby-blinds130723-ruby-bath2130723-ruby-blinds2

There are 23 pictures in the listing. See how many distinct images there are (hint, fewer than you think!). And yet not one of the ez access to Fway.

130723-ruby-aerial

And that’s not just any Fway, that’s the approach to the Carquinez Bridge! Which means if it’s backed up, you’ll know just by looking down the street!

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

June 20, 2013

Hello again 2164 POPLAR Ave!

2164 POPLAR Ave, East Palo Alto, CA 94303

20130618poplar

Hm… something about this listing seems familiar. Where have I seen this before?

Oh wait! I know!

http://www.burbed.com/2008/02/25/rent-or-buy-the-saga-of-2164-poplar-ave-continues/

Very Clean – Beautifluly Remodled Home ++Pics++
1200 / 2br – Very Clean – Beautifluly Remodled Home Pics (east palo alto)

poplarrent.jpg

2164 Poplar Ave, East Palo Alto

This Bungalow style home is located in East Palo Alto. This cozy home is conveniently located near shopping and transportation and the trendy University Avenue area.

The home has 2 bedroom and 1 Bathroom. The House also has been fully remodeled with new paint, granite counter tops, and a large front yard patio.
• Pets are negotiable. • Lease negotiable • AVAILABLE NOW • Security Deposit $1200.00 Please Drive by unit and take a look. If you have any questions please feel free to call 650 270 6869 or 650 344 4066 or just reply to this add.

But didn’t we see this house before? Oh wait that’s right!

http://www.burbed.com/2006/02/09/400k-for-a-1br-1ba-480-sqft/

$400k for a 1br, 1ba 480 sqft house in east palo alto

Cashin Company Realtors
2164 POPLAR AV
EAST PALO ALTO, CA 94303

$399,000

1 Bedrooms, 1 Bath(s)
480 Estimated Sq. Ft.

Listing #: 602056

2164poplar.jpg

Back to 2006 pricing baby! As we all know, Real Estate operates in cycles. We are now back to the “awesome” “sane” “reality” “best time to buy” part of the cycle. And this house has only gotten better with age. Check it out – look how new everything is!

So, what’s stopping you from buying this amazing, famous, legacy house?

Comments (4) -- Posted by: burbed @ 5:27 am