August 12, 2011

Flip This Location Fail

This new listing appears courtesy of happy-piggy over on Redfin’s Bay Area forums.  It’s definitely a flip, because the house changed ownership all of five weeks ago (as I write this).  Your challenge, dear Burbed readers, is to find as many reasons not to line this flipper’s pockets as possible.

Yes, we’re going to play What’s Wrong With This House.  See how many problems you can find!

178 LAS ASTAS Dr, Los Gatos, CA 95032
$949,000

image

BEDS: 4
BATHS: 2
SQ. FT.: 1,354
$/SQ. FT.: $701
LOT SIZE: 7,208 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1958
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81133706
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

GORGEOUS REMODEL * MAPLE CABINETS * CHERRY FINISH * SLAB GRANITE * S/S APPLIANCES * WOOD FLOORS THROUGHOUT * CUSTOM TILED BATHS WITH GLASS ACCENTS * SEAMLESS GLASS DOOR * HIGH END CARPET * NEW INTERIOR DOORS * HARDWARE * MOLDING * SEP LIVING WITH MARBLE FACED WOOD BURNING FIREPLACE * * SEP FAMILY ROOM * RECESSED LIGHTING * HUGE LOT * CENTRAL HEATING & A/C * NEW LANDSCAPING * DOUBLE PANE WINDOWS & SLIDERS * LOS GATOS SCHOOLS *

imageSo, what is that in the first picture?  Looks like the agent made a real point of minimizing something.  See what I mean?

image

Harder to see in the second picture (#18 on the Redfin page), but there I see something strung up there, more than enough to equip a sitar.  Let’s go to our eye in the sky to check this out.

image

No, I wasn’t seeing things.

image

YOWZA.  And here’s what happens if you look at the house on Streetview and then look straight up:

image

I’ll leave the rest of the hunting to you guys, but be sure to check the neighborhood out to make sure there aren’t any other issues lurking nearby.  Have fun!

Comments (15) -- Posted by: madhaus @ 5:05 am






August 3, 2011

Bidets are even better than columns to drive up prices!

Please welcome Burbed reader Divasm to the front page, with a lovely listing in San Carlos to share with you! Please give Divasm a warm, RBA welcome for the very first time as today’s Guest Blogger!

Wow, I got two days off in a row, I am LOVING this!  I don’t really need to say anything more, I’m just trying to get that horizontal line under the Guest Blogger photo at right.

There, that did it.  And keep those listings and guest posts coming in!


116 CLUB Dr, San Carlos, CA 94070
$950,000

image

BEDS: 4
BATHS: 3
SQ. FT.: 1,960
$/SQ. FT.: $510
LOT SIZE: 6,900 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: Bi/Split Level
VIEW: Valley
YEAR BUILT: 1947
COMMUNITY: Beverly Terrace
COUNTY: San Mateo
MLS#: 81129013
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 30 days

Beautiful home nestled in the “San Carlos Hills” fabulous Canyon views bright & Open floor plan. Large updated kitchen with granite counter tops. Refinished hardwood floors through the kitchen , living and dining areas. Private back yard with outside deck for entertaining. A must see !

imageMy husband and I saw this home in San Carlos before it was listed by the bank (we were searching REOs) and were intrigued – nice neighborhood, big backyard, and it failed to sell at auction for $889K, so we figured the bank sit on it for a while and list it lower, as it’s obvious nobody thinks it’s worth that much.
116bathroom

WRONG! They didn’t even slap fresh paint on it (as is evidenced by the half-painted kitchen where appliances are missing), just turned around and listed it for….$1 Mil update: reduced to $950K! Why, you ask, would this home that Zillow lists at $926K, be worth that much? Could it be the several exits available out to the deck (I believe it was at least 5 doors, one of which is in the master bathroom, for those quick exits during police raids apparently)? Could it be the fact that you get a one-car garage with a nice front garage door but no side wall to enclose it (In case you get claustrophobic while getting into your car, perhaps)?

Or maybe it’s the bidet! The rather small-ish master bedroom features an even smaller-ish bathroom that you can barely turn around in yet features the normal toilet, sink and shower – and again the door to the deck in case you need to bolt after flushing something – and… A bidet!! That obviously makes this a place that fancy-types live, and thus 116garagedoorjustifies the 7-figure price! Keep your eye on this one folks, it might be going fast…er, by that I mean sometime in the next 6 months I guess since it’s been on the market for a month already.

I’ve attached a photo of the backdoor next to the toilet, you can see the rim of the bidet across from the door. I’ve also attached our photo of the front of the garage door, and the side with no wall. :) Sorry we didn’t get a better photo of the bidet…I think we were just trying not to drop the camera in shock.

116garage

Comments (18) -- Posted by: madhaus @ 5:08 am

June 13, 2011

“Price Reduction” in Redwood City. New lower “price”. And more quotes.

$925,000

 

Beds: 3
Baths: 2.5
Sq. Ft.: 1,890
$/Sq. Ft.: $489
Lot Size: 6,000 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1980
Community: High School Acres
County: San Mateo
MLS#: 81115802
Source: MLSListings
Status: Active


 

 

 

 

On Redfin: 49 days
“PRICE REDUCTION” AMAZING REDWOOD CITY HOME WITH TONS OF UPGRADES! NEW REMODELED KITCHEN W/ HIGH-END STAINLESS STEEL APPLIANCES & RECESSED LIGHTING. ENERGY SAVING WASHER/DRYER, UPGRADED BATHROOM & TOILETS, FORMAL DINING RM. HAND STRESSED WOOD FLOORS THROUGHOUTS, NEW INTERIOR/EXTERIOR PAINT, NEW DECK & OUTDOOR LIGHTING, NEW FENCE & MORE. QUIET FROM BUSY STREET, THIS HOME IS WALKING DISTANCE to DT

Thanks to Burbed Reader Overheard in San Carlos for this find!

Wow… a price reduction? In this booming economy? What’s going on!

image

Oh… it’s one of those price reductions. A “nudge nudge wink wink” kind of price reductions.

But what really caught the attention of O.S.C. was the comment about walking distance. According to Google Maps, this is a .8 mile walk to the Redwood City Caltrain station. It requires a pleasant walk down bucolic and peaceful streets like Broadway and, the street of royalty, El Camino Real.

Is this considered walking distance by your standards?

Discuss!

Comments (22) -- Posted by: burbed @ 5:59 am

May 23, 2011

Gourmet kitchen has 2 car garage!

$950,000

Beds: 4
Baths: 4
Sq. Ft.: 2,566
$/Sq. Ft.: $370
Lot Size: -
Property Type: Detached Single Family
Style: Mediterranean
Stories: 3
View: Neighborhood
Year Built: 2010
Community: Santa Clara
County: Santa Clara
MLS#: 81057271
Source: MLSListings
Status: Active

On Redfin: 160 days
Located in Cupertino school district this never occupied Mediterranean home in the heart of Silicon Valley has the added benefit of Santa Clara’s historic low utility costs. Easy access to shopping and freeways and quality craftsmanship with high end materials. The gourmet kitchen has granite counters, custom cabinetry and stainless appliances as well as a two car garage and AC.

Thanks to Burbed reader Herve for this find!

Wow! Will the innovation never stop in Silicon Valley? A gourmet kitchen with a 2 car garage and AC! What will the dreamers of the Valley think of next?

And what’s this… Santa Clara’s historic low utility costs? Fantastic! Fortunately the past is a strong predictor of the future!

It’s a shame that this unit next door doesn’t have these benefits:

April 28, 2010

Condo living in Santa Clara for under a million

Thanks to Burbed reader DreamT for this guest post!

67 CABOT Ave Santa Clara, CA 95051

$969,000

image

I guess this is version 2 of the unit with all these new innovations!

Comments (26) -- Posted by: burbed @ 5:31 am

May 3, 2011

Still Gorgeous

Thanks very much to sfbubblebuyer for today’s featured listing.  Does it look familiar?  It should.

2524 Dekoven Ave, Belmont CA  94002
$949,000

image

 

BEDS: 3
BATHS: 2
SQ. FT.: 1,480
$/SQ. FT.: $641
LOT SIZE: 7,900 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Bay, Neighborhood, City Lights
YEAR BUILT: 1949
COMMUNITY: Haskins Estates
COUNTY: San Mateo
MLS#: 81114658
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 28 days

4 years new. Still gorgeous. High ceilings, gourmet kitchen, level lot, secluded, serene, private. Area for dog run, children play yard, RV/boat parking, etc.

imageHere’s what sfbubblebuyer had to say about this listing:

It’s BAAAAAAAAAACK!

Hey, the house that caused a 210 post-war… is BACK ON THE MARKET!

Surprisingly, it never sold at 1.05 million. Shocking, I know. Zillow lets us know they stared out at 1.14 million. After 3 years of watching housing tank they think that their precious house suffered a terrible loss of almost 17% and they’re now offering it for $949k. How generous of them! While other markets suffered 30-60% losses, Belmont is so special that 17% is a gift to the buyer!

It’ll be interesting to see if they manage to move the house this time. If the bought it for 750 and truly ripped it down to the studs, they’re probably selling it at ‘cost’ now. 200k for redoing everything in a house plus the outside seems about right. Unless you live somewhere non-special, where 200k would buy you a 3,000 sq foot new build.

I don’t think you understand this Spring Bounce idea, sfbb,  You see, prices in the RBA always go up.  Guaranteed.  That’s why this house is shaped the way it is:

2524DEKOVEN Up Arrow

I sure hope this place is still staged.  That would mean the show’s been running for three years!

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

April 4, 2011

Make Me Move, Please, Please, Please Make Me Move

Here’s someone who tried setting a Make Me Move price on Zillow and is now chasing the market down.  Or rather, meandering after the market which is chasing after a bunch of expired tax breaks.

765 DEVONSHIRE Way Sunnyvale, CA 94087
$949,888

image

BEDS: 4
BATHS: 3
SQ. FT.: 1,816
$/SQ. FT.: $523
LOT SIZE: 6,976 Sq. Ft.
PROPERTY TYPE: Attached Single Family
STORIES: 1
YEAR BUILT: 1961
COMMUNITY: Sunnyvale
COUNTY: Santa Clara
MLS#: 81110309
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 21 days

Great Location * Excellent Cupertino schools * Energy efficient * Spacious 4bd/3ba contemporarily remodeled * Bright * Low-VOC paints inside out * EnergyStar IB Roof System * Radiant heating * Double pane windows * Well insulated walls * maple cabinets * granite countertop * Stainless steel appliances * Huge beautiful backyard w/ fruit trees * Open house 3/26, 3/27 (1:30 ~ 4:30)

Stop me if I have this wrong, but isn’t this seller asking for almost a million bucks for a glorified box?  Face it, every child’s drawing of a house has something that this house is lacking in.  Maybe you can look at the listing image above and figure it out.

imageHere, I’ll even give you one more chance.  One of these things is not like the other things.

Anyway, I headed over to Zillow to find out the asking price from 2009, and discovered that there was a Make Me Move price on the house.  And it was $970,000. Now, Make Me Move can be complete utter Wishing Price, as there’s no obligation to sell it just because you entered it into Zillow.

image

Only this seller decided that the Make Me Move Wishing Price was a perfectly good place to start as an actual Asking Price.  We can see just how well that worked.

So after such drastic price cuts as 2% followed by 1%, the seller takes the listing off the market completely… and then it’s back two years later.  It’s back at its first price reduction, which shows the seller really hasn’t learned a danged thing in two years.

Somebody buy this and Make Them Move, because they aren’t going to do it on their own.

Comments (8) -- Posted by: madhaus @ 5:01 am

March 5, 2011

A Million to Live in a Below Average Tract

Many neighborhoods have mailing lists organized to keep everyone informed.  When this message was sent beyond the original in-group, I found the name of the ‘hood intriguing enough to check out the house.

Subject: Fw: [subparcoop] Friends interested in buying in SubPar?

From one of my neighbors.  I can attest that my neighborhood is a special place for families!  Houses don’t last long on the market.

Hi Neighbors,
Often times I see emails from people who have friends who are interested in buying a house in our wonderful neighborhood, so I wanted to reach out to let you know our house (15 Greenwood Place- 3 bed/1 bath) is on the market and will be open this weekend. We’ve found another house (close by!) that we’re hoping to buy (that will better fit our growing family), so we’re looking for eager Suburban Park lovers who are ready to buy. If you know someone who might be interested, please have them (or their realtor) reach out to our agent for details ASAP: Sharon Walz 650-279-4652
Thanks!

There it is in the subject line: are you interested in buying in SubPar?  SubPar? That’s a, um, er, fascinating nickname for the Suburban Park area of Menlo Park. Have a look and see what you get in this special place where houses don’t last long on the market.  (Including this one, it sold in a week.  But no overbidding.)

15 Greenwood Pl, Menlo Park, CA 94025
$998,000

image

BEDS: 3
BATHS: 1
SQ. FT.: 1,210
$/SQ. FT.: $825
LOT SIZE: 6,820 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch, Traditional
STORIES: 1
YEAR BUILT: 1948
COMMUNITY: Flood Park Area
COUNTY: San Mateo
MLS#: 81105961
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 4 days

Coveted Suburban Park remodeled and updated jewel. Fabulous kitchen w/ granite counters, viking range, stainless steel top appliances. New windows, plantation shutters crown moldings and baseboards, receessed lighting, high end interior and exterior doors. Newer air conditioning and forced air. Garage is amazing playroom with heat and air. Amazing family neighborhood w Menlo Schools. A real 10+

imageYes, it might be SubPar, but it’s still a real 10+!  And the garage is an amazing playroom with heat and air.  That’s amazing alright.  Most of the houses I’ve looked at didn’t have to call out that they had a breathable gas mix.  Maybe in Menlo Park the atmosphere is so rarefied you had better verify before submitting an offer.  Perhaps that’s why the lighting is receessed.

You do realize that they’re saying this house is much too valuable to waste any space for parking cars.  Let’s see, viking range (small v), check, stainless steel appliances, check, granite counters, check, what’s missing?  Pergo?  Hummer on the driveway?  Letter from a would-be buyer?  5% first mortgage and 15% second, with no out-of-pocket?  How about what the 2004 sellers pulled off, listing the place for $795K and selling it for $904K?  Is this place worth more now than it was then?  Remember, the garage is an amazing playroom and it’s in an amazing family neighborhood. With schools, even.  That’s almost as amazing as the heat and air.

Comments (23) -- Posted by: madhaus @ 4:55 am

February 28, 2011

spacious home offers lots of potential in Burlingame

$975,000

Beds: 4
Baths: 2
Sq. Ft.: 2,000
$/Sq. Ft.: $488
Lot Size: 7,700 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Bay
Year Built: 1964
Community: Mills Estates
County: San Mateo
MLS#: 81102832
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 9 days
Are you seeking a beautiful home situated in the hills overlooking the bay? Well, look no further this spacious home offers lots of potential. The living room is huge with a wood burning fireplace and is along side the family room centered right in the middle of the home. The master has a bath & walk in closet. Outdated features throughout. Close to freeway for a quick commute + much more 2 offer

What does a house with lots of potential and cost ~$1M look like? Well, sure the outside may be a bit frumpy, but let’s go inside and explore the grandeur of this house:

13011536

Trust me. You’re not going to find that tile
pattern anywhere else. This is definitely one of a kind. Super RARE!

13011537

Don’t they say that everything old is new again? Well, in this case, you’re going to be buying a bleeding edge kitchen!

13011538

All those tiles! I’m thinking… very large bathroom! Or… with a few more mirrors, it could be the Mirror Scene from Enter the Dragon!

13011539

Think of the romantic opportunity here!

All yours for a mere $1M!

Comments (14) -- Posted by: burbed @ 5:35 am

February 7, 2011

New floors! Great lot in Cupertino–just $1M

Beds: 4
Baths: 1
Sq. Ft.: 1,640
$/Sq. Ft.: $566
Lot Size: 4,500 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Stories: 1
Year Built: 1962
Community: Cupertino
County: Santa Clara
MLS#: 81049495
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 92 days
LOCATION, LOCATION, LOCATION!! Beautiful home in the highly desired Monta Vista neighborhood! Brand new hardwood floors, tile kitchen countertops, furnace, fixtures, completely remodeled bathroom, and much more! Top rated Cupertino schools! Great lot for a rebuild!!

I think it’s really generous and underappreciated that homeowners are willing to invest in new hardwood floors, and tile kitchen countertops right before you level the house for the lot and rebuild. These are the things you simply won’t find anywhere else.

There are so many things I love in the pictures – like the cars in the hero picture. Check out the one on the left. Talk about classic. And I love the parking lot style arrangement of the front yard. Maybe you could turn this into a Sonic!

But then there’s the artistic style as well… like this photo:

image_thumb2

Great angled nature huh!

Another great deal to start off the new year.

Comments (11) -- Posted by: burbed @ 5:15 am

January 25, 2011

With all three Good Cupertino schools!

You remember the phrase “the value is in the land”?  Usually that’s said when calling the house a crapbox is an insult to outdoor toilets everywhere. Let’s just say that today’s land isn’t much to talk about, either.  So, where is the value?  Because today’s house is a value!  Read on to find out if it’s a positive or a negative value.

1586 S Bernardo Ave, Sunnyvale, CA 94087
$929,999

image

BEDS: 3
BATHS: 2
SQ. FT.: 1,603
$/SQ. FT.: $580
LOT SIZE: 7,956 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch, Contemporary
STORIES: 1
YEAR BUILT: 1956
COMMUNITY: Sunnyvale
COUNTY: Santa Clara
MLS#: 81100512
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 19 days

Charming home with all three good Cupertino Schools- West Valley, Cupertino Middle, Homestead High. Double Pane windows * Bright Kitchen with Family room * Hardwood Floor * Central Heat and A/C * Spacious living room w/ fireplace, sliding doors to fruit tree large yard * Los Altos border * Must see to appreciate. Compare the price to other homes with all three Good schools!

Does this house have Cupertino schools?  It does?  Great!  Just checking, as the Realtard only mentioned it a few times. Does the house have anything else, in case I might want to consider living in it rather than merely taking advantage of all three Good schools?

image

Well, it has a kitchen.  At least I think this is a kitchen.  It’s hard to tell because while it has cabinetry and counter-like fixtures, this room seems decidedly short on luxury kitchen-type appliances. You know, such as, say, an oven or a refrigerator.

It’s got a sink, okay?  Plug in a microwave next to it and you can make all the ramen you want.  And you don’t need a fridge for PB&J.  What’s that?  You do?  You’re just not being flexible enough.  There should be room to keep a small ice chest in one of those cabinets.  Store the peanut butter and jelly jars in the cooler.  Problem solved.

What?  You’re worried about where to get more ice for the cooler?  Right here:

image

imageSee that circled area at the bottom?  That’s a Mini-Mart at the gas station.  See that school between your future house and the Mini-Mart?  That school is the reason this architectural armpit has a wishing price of $930,000.  You are not buying this house unless you have at least one child who will attend every one of those Three Good Schools.  So make the little brat bring home ten pounds of ice for the cooler every day.  It’s the least the ungrateful wretch can do for you after you spent almost a million dollars for public school.

imageThe value of this place is not in the land, as the backyard demonstrates.  The value is obviously in The Three Good Schools.  And proximity to the Mini-Mart.  And so convenient to the freeway and the Los Altos Border!  Why, Caltrans has installed a handball court right across the street!  So not only will your kids attend The Three Good Schools, you need not waste money on sports leagues or appliances!

imageYou know those other homes with all three Good schools you’re supposed to compare to this one?  They not only cost more, the kids living there will have to travel much further to play handball for free.  Every time you look at this sound wall handball court (which means whenever you leave this house), you can pretend you’re living in an exclusive, ivied walled compound, just like in Atherton.  A very, very large one, because it’s so Full of Win.

Comments (19) -- Posted by: madhaus @ 5:05 am