October 3, 2013

“Work done with permits” with the most lucky price ever!

1350 PEGGY Ave
Campbell, CA 95008

20131002a

First, let’s take a moment to observe that this house has the luckiest price ever. Whoever buys this house will be showered with years of good fortune and good SAT scores. There is no doubt.

Next, let’s just look at all the benefits this house has to offer! Long time readers of this blog know that permits are often just ignored. After all, this is the most disruptive place in the world – Silicon Valley doesn’t need stinkin’ permits. Ask for forgiveness, not permission! So the fact that this house has work done with permits – that’s definitely a unique feature.

But most importantly, once you plunk down this $888,888, you will have enormous flexibility to spend the rest of the $1M you have sitting around to grow this house. Just think of all the possibilities! After all, there’s a 200 amp panel and so much flat land. Will you be building the ultimate brogramming cave? A massive Singapore Math™ study zone?

Let’s hear your best ideas!

Comments (4) -- Posted by: burbed @ 5:04 am






August 19, 2013

Ginormous SJ house generates HEAVY AMOUNT OF PHONE CALLS

Tired of the poorly photographed crapboxen that are Burbed bread and butter? Today’s house is for you, if you can find it.This property is brought to you by Burbed reader wahnny. Thanks very much!

130818-calero-redfin21680 CALERO CREEK Ct
San Jose, CA 95120
$999,888

5 Beds
7 Baths
7,533 Sq. Ft.
$133 / Sq. Ft.
Built: 2002
Lot Size: 3.10 Acres
On Redfin: 17 days
Status: Pending With Release
Property Type: Detached Single Family
Stories: 2
County: Santa Clara
Style: Traditional, Mediterranean
Community: Almaden Valley
MLS#: 81328031

Last "Open House Monday 8/12 this evening from 5-7:30pm. ELEGANT PALATIAL ESTATE, SITUATED ON 3.10 FLAT ACRES. THIS LUXURY CUSTOM HOME IS 10 YEARS YOUNG & BUILT W/ THE FINEST IMPORTED MATERIALS FROM AROUND THE WORLD. DUE TO HEAVY AMOUNT OF PHONE CALLS WE HAVE "FAQ WORD DOC" @ UR REQUEST W/ FULL DISCLOSURE LINK & HOME INSPECTIONS. VIRTUAL TOUR HAS 2 TOURS & BROKER TOUR VIDEO FROM 8/7/2013 ENJOY

130818-calero-theaterHere’s why wahnny sent in this particular place:

Just came across this quite georgious estate.

Asking price is WAY less than its assessed value.  Lotsa cauwlums and ornate finishings adorn the "10 YEARS YOUNG" 7500+sqft estate on 3+acres.  Aside from overhead powerlines, rather small pool, and location on the fringes of the RBA, it might still incite a bidding war, as per AGENT INTENT.

130818-calero-kawlumFringes of the Real Bay Area? Wahnny, this place isn’t even on the fringes of the Corridor of Not Quite. This house is firmly situated somewhere south of You Have Got To Be Kidding Me. The only advantage it has is that it’s only 22 miles to the Tesla Supercharging station in Gilroy.  And if you can buy a house this size for the price of a gingerbread shack in San Bruno, of course you should expect some mawbul kawlums thrown in.

130818-calero-thronePlus there is a virtual tour.  And a good thing there is, or we would never know that every office needs a throne.

As to that AGENT INTENT, here’s what the FAQ in the disclosures packet has to say about that asking price:

8. Why list so low?
Sellers are aware that neither appraisers, nor realtors determine what the VALUE or the final sales price of a home will be, it’s the BUYERS that determine the final price thus the new market value of the home.  They wanted to market and list their home non-traditional and something innovative that would attract plenty of interest and one good offer that had the best price and terms.

130818-calero-officeWait a minute, since when is announcing a day for offers to come in and picking the highest one considered “non-traditional”?  In the RBA this is de rigeur!

Bunus: Not only does this property have a “well lien” because of the 3 abandoned wells onsite (seller can’t find two of them), there’s also an HOA for shared roads with voting rights based on property size. This home has an effective veto over the other properties because any vote must pass by 75%.  So you could really make life interesting for four other homeowners!

ENJOY

Comments (3) -- Posted by: madhaus @ 7:06 am

April 26, 2013

WTF in Woodside

BlogAtoZ-WWe’re almost done With the Blogging from A to Z Challenge, and Wow is our Website Woozy.  What Will our readers Whine about When it’s gone? No Worries, some of you Wonder Why it Wore out its Welcome While others Winked at how Wonderful the Words Were.

Well… let’s move on to today’s featured home. It’s in one of Realest of the Real Bay Area areas, home to many famous Silicon Valley startup billionaires. Now it can be home to you as Well, and even at an Welcome asking price!

130425-glenwood-redfin439 GLENWOOD Ave
Woodside, CA 94062
$888,000

1 Beds
1 Baths
480 Sq. Ft.
$1,850 / Sq. Ft.
Built: 1933
Lot Size: 0.34 Acres
On Redfin: 6 days
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Cottage/Bungalow
Community: Woodside Glens
MLS#: 81312849

A Rare and Most Unique Opportunity2Bld Your Dream HM or Acquire a Cottage HM Retreat in Coveted Woodside Glens!Revive 2 Fxr Upr Cottages, or Pave the Way for Your NU LUX RES!This Desirable Prop offers 15,000 SQ FT of Wooded Serenity w/ an End of the Road Culdesac Lctn!Approx. 4 miles from Canada Road, EZ Ingress/Egress. Minutes 2 Town Village & Top Rated Woodside Elementary Schl!Super EZ Cmt2H-280!

Upcoming Open Houses

Sunday, Apr 28: 2:00-4:00 pm
Sunday, May 5: 2:00-4:00 pm

130425-glenwood-kitchen130425-glenwood-purple130425-glenwood-umm130425-glenwood-another-kitchen

130425-glenwood-frontThis may be the first property in Woodside to have its listing copy composed entirely in tweets.

Wow, What’s this? Woodside is known for huge spreads on acres of land. Today’s house is only oversized When compared With this cabin in the Woods.

Wait, there’s more (bunus!): Court confirmation may be required. Whee!

Comments (2) -- Posted by: madhaus @ 5:01 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 4, 2013

Bay Area Bubble 4.0 is now officially entering insanity stage: $2.8M Teardown in (of course) Palo Alto

It may be just the tip of the Krazy Kool-Aid effect, but this is not how a reasonable housing market should work.  Thanks very much to Burbed reader Wendie (as well as additional fans) for bringing this textbook definition of Irrational Exuberance to our attention.

130302-tennyson-redfin559 TENNYSON Ave
Palo Alto, CA 94301

Listed for $2,088,000 on 1/25/2013
Price changed to $2,088,888 on 1/27/2013
Sold for $2,820,000 on 2/25/2013

2 Beds
1 Baths
1,353 Sq. Ft.
$2,084 / Sq. Ft.
Built: 1921
Lot Size: 7,500 Sq. Ft.
Sold On: Feb 25, 2013
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cottage/Bungalow
Community: Old Palo Alto
MLS#: 81302338

Located in the heart of wonderful old Palo Alto with top rated schools on a large 7500/SF lot. Charming 2 bedroom 1 bath plus den. One oversized bedroom. Hardwood floors , utility basement, and detached Garage. Sold as is in its present condition. Offers to be reviewed after 2/8/2013.

130302-tennyson-bathWe’ll have plenty more evidence as we move into Spring Selling Season that the Real Bay Area is in a Real Bubbly Attitude.  Maybe this can be the First 35% Overbid of Spring.  Now let’s hear from Wendie.

This realtor did an amazing job with the photos of this house! How else could this 3/1 1300 square foot house have sold for 2.8 million dollars?? 800K over asking prices. 

I mean, did you ever think that taking photos of a 1920′s bathroom and a CORNER of a room could do such magic?

130302-tennyson-corner130302-tennyson-corner2x

You’re simply not giving the agent enough credit, Wendie.  I see at least TWO corners.  What, do you think these houses just sell themselves?

Comments (31) -- Posted by: madhaus @ 5:09 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 2, 2013

One original owners in Belmont

And happy new year to all our Burbed readers!  Let’s get right back to housing win, shall we?  We shall.  Today’s fine featured facade was nominated by Burbed reader Michael Boltonestater.

130101-north-trulia917 North Rd
Belmont, CA 94002
$499,888

3 bed
2 bath
1,490 sqft
Single-Family Home
 
Listing Details
18 Days on Trulia
586 views
Provided by: Liberty Realty Via Mlslistings
Broker: Liberty Realty
Listing Agent: Patrick Sullivan

One original owners–built 1948—-more room than you could imagine–Third bedroom may non-conforming—-nice redwood tree in the back plus lot’s nice vegitation.Chandlier in bedroom is not included.

How hot is the Peninsula housing market?  It is so hot that this fine property, despite the unincluded Chandlier, went pending on New Year’s Day.  And that forced us to use Trulia instead of Redfin.

130101-north-pushpinIt is so hot that the agent responsible for this listing didn’t even bother taking an actual photo of the house and just slammed in a Streetview shot (trash bins included!).  Here’s proof at left if you don’t believe me, unless the one original owners have a very interesting outdoor light fixture.

And this market is so hot that a home could be described as “more room than you could imagine” and then force you to imagine it.  That’s right, no inside pix! 

It is so hot that not even the lovely view from the front yard could distract all the overbidders.

130101-north-streetview

Yes, this market is so hot, this place went pending in 18 days.  2013 had better be the year you resolve to not get PRICED OUT FOREVER!!!!!!!!

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

December 22, 2012

Are You Feeling Lucky?

121221-lucky-digitsWe sure hope so.  You survived the end of the world yesterday, didn’t you? (Those not surviving the end of the world, please stop interrupting.)  Now we’ve found a piece on Trulia on the numerology of home sales. 

This means you can continue your lucky lifestyle, thanks to Trulia’s research.  It turns out that a lot of home sellers put their favorite “lucky numbers” in their asking prices.

So what’s wrong with this pie chart at right?  Too many nines and fives, yet not enough eights, that’s what.  Everyone knows that eights are lucky.  Well, everyone in the Real Bay Area knows that.  The lucky numbers in the rest of the country say otherwise.

121221-usa-map

This consolidated map suggests that there aren’t any particular lucky numbers in the Midwest, the Plains, the Rocky Mountains or the Pacific Northwest, just a countrywide avoidance of the number 13 in prices.  And here’s some more on 8 as a lucky number.

121221-lucky-eights

121221-lucky-cupertinoWe took a spot-check of the asking prices in Cupertino, right now, over a million dollars (which is pretty much all of them).

We came up with one 1, one 2, one 6, three 9s, seven 5s, and a whopping ten 8s.    We just had to make a pie chart out of that.  Until today, we had no idea that donuts were a subset of pie.

If we then take the sub-million houses, we get an additional one 1, four 5s and two 8s.

We then compare with similarly sized cities (at least as to number of sales over a million) with rather different demographics.  San Rafael is majority white, and Oakland, while one of the most racially diverse cities, has a higher percentage of blacks than many other areas.

121221-lucky-sanrafael121221-lucky-oakland

Whoa. There’s 4s in Oakland, which is a very unlucky number in Cupertino.  All three cities have a strongly marked preference for 5 over 9, while nationally it’s the other way by almost 2 to 1.

We welcome your reasoning on why this would be, or anything else you wish to bring up in this Weekend-after-the-end-of-the-world Open Thread.

Comments (6) -- Posted by: madhaus @ 5:07 am

December 16, 2012

Hella Pricy Place in Hella Expensive Space Fails to Sell Hella Quick

121215-belvedere-houseview

Let’s say you built a super expensive, fancy-schmancy custom one-of-a-kind house on a spectacular view lot and had a bunch of designers each decorate a different room in the place to make it Extra Super Mega Special. Then you ran a charity fundraiser by calling it a Designer Showcase and listed the place for $45 million.  And of course you list it with Sotheby’s.

121215-belvedere-windowAnd yet, let’s say this drop-dead-gorgeous spec palace did not find a buyer for $45 million (or, we assume, anywhere near that vicinity) when it was first listed this February.  What do you do?

You could cut the price ten million or so.  And it looks like that was tried as well, as the most recent price last week is $35.88M.  And yet, the house is still sitting there, all lonely on its double lot and intense blue skies obtained with the finest Photoshop filters.  What’s the next step to avoiding serious financial fail?

In this case, the solution (or at least the next attempt at avoiding a catastrophe) is to put the house up for auction.  The starting price will be $25 million.  At least one website actually states this is going to result in the home selling for last February’s price.

Alas, we missed the preview yesterday afternoon.  But the auction will be on December 30th, giving you plenty of time to contact the right people and get yourself in on the fun.

121215-belvedere-brochureRedfin won’t disclose the address, but we sure will: 425 Belvedere Ave, Belvedere.  You’re welcome.

Click the image at right to see the home’s brochure and many more pictures in tones of sapphire and sunset.  You can also drool all over the home’s website if the brochure isn’t enough house porn for you.

So, is the market bubble over already, or did the home builders simply overreach with a $45 million ask?  What do you expect the place to fetch at auction?  Is the opening $25 million minimum sufficient to move this mess?

Comments (7) -- Posted by: madhaus @ 5:08 am

November 24, 2012

Deals Continue! Cheapest Place in San Mateo County!

Just because it isn’t Black Friday anymore doesn’t mean the DEALS stop!  Let’s see what you can get if you want to live in San Mateo County but don’t want to break the bank.  Or rob the bank.  Or get a ginormous bail-out because you’re a bank.

121123-3rd-redfin719 3RD Ave
San Bruno, CA 94066
$388,880

2 Beds 
1 Baths 
820 Sq. Ft.
$474 / Sq. Ft.
Built: 1940 
Lot Size: 3,700 Sq. Ft. 
On Redfin: 7 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Belle Air
MLS#: 81241202
Style: Ranch
View: Neighborhood
County: San Mateo

Lovingly kept & lived by current owner for a long time. Per county record it is 3BR/1BA; however, 3rd BR has no closet. Walking distance to BART/CalTrain/Elem School. Easy access to HWY 101 for commuting to SF, E. Bay and So. Bay. Regular Sale (Not a Short Sale or REO). Open House 11/18(Sun 1-4 pm) & 11/25(Sun 1-4 pm). Offers, if any, due by 11/25,3 pm. Information believe to be accurate but not verified.

121123-3rd-kitchenWe’re already doing better than yesterday’s cheapest property in Santa Clara County, because the first find is an actual, detached house.  It’s also eligible for the “cozy” tag, but you can’t have everything, can you? Come on, this is vintage pre-war, and it looks like it’s still in vintage condition! Plus that awesome “No, no, no, this isn’t a distressed sale, really!” plaint in the listing copy.

You want a house? You now have zero excuses. Plus, just like yesterday’s third house, easy access to both 101 and the airport!

121123-3rd-satellite

This house is the deal of the century! (Information believe to be accurate but not verified.)

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