June 18, 2009

$1.8 mil for a 1br/1ba in tear down condition

1382 FOREST Ave, Palo Alto, CA 94301 | MLS# 80924296
1382 FOREST Ave Palo Alto, CA 94301

Price: $1,795,000

Beds: 1
Baths: 1
Sq. Ft.: 2,071

1382

$/Sq. Ft.: $867
Lot Size: 8,292 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1941
Community: Crescent Park
County: Santa Clara
MLS#: 80924296
Source: MLSListings
Status: Active
On Redfin: 27 days
DRIVE-BY ONLY. SOLD FOR LAND VALUE ONLY – HOME IS UNINHABITABLE HOME SOLD AS-IS. BUILD YOUR DREAM HOME IN PREMIER CRESCENT PARK NEIGHBORHOOD. LARGE 8,292 /- SF LOT(PER CITY OF PALO ALTO). ADJACENT ELEGANT HOME AT 1398 FOREST AVENUE MLS #80924286 ALSO FOR SALE $3,795,000.PRIME CRESCENT PARK LOCATION JUST MINUTES TO DOWNTOWN PALO ALTO SHOPPING & DINING, PARKS, TOP PALO ALTO SCHOOLS & STANFORD UNIVERISTY

Thanks to Burbed reader Pralay for this find.

Talking perking things up. Wow. $867 for a 1br/1ba in Palo Alto. In tear down condition.

What I’m a bit curious about is why this listing also lists the neighboring home. Is the point of this that you can buy the next door house as well, tear it down, and pull a Steve Jobs by combining lots and building an apricot orchard?

Or is it that if you buy enough properties on this street, you can then build houses, then hotels… oh wait, that’s monopoly.

Regardless, thanks to Pralay for this find. It’s always comforting to know that Palo Alto continues to be the vanguard of the Real Bay Area.

Comments (202) -- Posted by: burbed @ 5:53 am






May 20, 2009

It's like playing monopoly in Palo Alto

1052 COLLEGE Ave, Palo Alto, CA 94306 | MLS# 80922679
1052 COLLEGE Ave Palo Alto, CA 94306
Price: $699,000

2121402178-1052
Beds: 1
Baths: 1
Sq. Ft.: 648
$/Sq. Ft.: $1,079
Lot Size: 2,875 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
View: Neighborhood
Year Built: 1950
Community: College
County: Santa Clara
MLS#: 80922679
Source: MLSListings
Status: Active
On Redfin: 2 days
DO NOT DISTURB TENANTS!! TERRIFIC LOCATION IN COLLEGE TERRACE. 1 OF 3 PARCELS EA 2875, OR BUILD ON 8625 LOT (per county). OWNER WL CARRY FINANCING. MUST HAVE APPOINTMENT: 24-48 HR NOTICE.

There’s also 1062 and 1072. Thanks to Herve for this find.

Wow… so many possible strategies. Do you buy all three for $2,174,000 so you can scoop up this 8625 sqft lot? Or do you just buy the middle one and then for the buyers of the other two pay you an exorbinant amount of money to consolidate.

Any real estate experts, or champion monopoly players want to chime in on what they would do?

But even if you didn’t, it’s a pretty good deal. Just think of what you could do with that 648 sqft! Haven’t you seen that funky display in Ikea? It’s totally possible!

Comments (35) -- Posted by: burbed @ 5:00 am

May 18, 2009

A nice tear down home in Saratoga

As mentioned on Sunday, we’re going to have a shoot out between two tony areas: Saratoga, CA and Port Washington, NY. Let’s start with Saratoga:

13456 HARPER Dr, Saratoga, CA 95070 | MLS# 80920698
13456 HARPER Dr Saratoga, CA 95070
Price: $1,098,000

926118576-13456
Beds: 3
Baths: 2
Sq. Ft.: 1,100
$/Sq. Ft.: $998
Lot Size: 7,866 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1954
Community: Saratoga
County: Santa Clara
MLS#: 80920698
Source: MLSListings
Status: Active
On Redfin: 13 days
ABSOLUTELY THE BEST VALUE IN SARATOGA WITH AWARD WINNING SARATOGA SCHOOLS! LOCATED WITH MULTI-MILLION DOLLAR HOMES NEARBY! CUL-DE-SAC LOCATION! LARGE LOT! DUAL PANE WINDOWS! HIGH CEILINGS! UPDATED KITCHEN & BATHROOMS! HURRY! THIS WON’T LAST!

Alright… not too shabby! We’ve got a nice 3/2 1100 sqft house on a 8k sqft lot. It’s been somewhat updated since it was built, and is surrounded by multi-million dollar homes nearby.

You know what this means of course…

It’s a scraper!

Bring your contractor – let’s tear this sucker down and build a $2 million dollar house. It’s a sure bet! Just look at the income figures:

According to a 2007 estimate, the median income for a household in the city was $137,270, and the median income for a family was $159,765.

Now we all know those numbers are skewed by Pre-Prop 13′ers who help keep the community strong by paying $1000 a year in property tax. So, let’s just double stats to be on the safe side: the median income: median income is $319,530. Using a safe rule like “buy a house that’s 3x of your income” this tear down is definitely affordable. Using a California rule like “buy a house that’s 6x of your income because you’ll grow into it” the $2 million house you’re going to build will be easily affordable!

As we all know, if you build it, they will come. So buy it, build it, and profit!

Ok… tomorrow let’s look at this shady Port Washington place…

Comments (71) -- Posted by: burbed @ 5:21 am

April 8, 2009

This house is FOR SALE. This is not a HOUSE TEASE

Egads… I have so many back-logged mails from Burbed reader Herve, it’s time for another Herve week. Here’s Day 3:

820 PALM Ave, Redwood City, CA 94061 | MLS# 80911145
820 PALM Ave Redwood City, CA 94061
Price: $689,000

1940299209-820palm

Beds: 3
Baths: 2.5
Sq. Ft.: 1,825
$/Sq. Ft.: $378
Lot Size: 2,740 Sq. Ft.
Property Type: Detached Single Family
Style: Mediterranean
Year Built: 1992
Stories: 2
View: Mountains, Neighborhood
Neighborhood: Central Park
County: San Mateo
MLS#: 80911145
Source: MLSListings
Status: Active
On Redfin: 22 days
Well Maintained Former Model Spanish-Mediterranean House in Gated Community. This Home is 1,825 sq. ft. 16 years old and had one owner. 3 BEDROOMS & 2 1/2 BATHS, LIVING ROOM W/ WOODBURNIG FIREPLACE, GREAT KITCHEN W/ TILED FLOOR & COUNTERS, MASTER BEDROOM SUITE W/ JACUZZI TUB AND MARBLE FLOORS AND WALLS, TWO CAR SIDE-BY-SIDE GARAGE W/ GUEST PARKING, FRONT AND BACK YARD W/ HOT TUB AND SAUNA, CENTRAL A/C.

Lately one of the more obnoxious and odious trends by those who are wealthy and oboxious and odious is to put their house on the market, say there is an open house, have people over, get them all jealous, and then tell them “THIS HOUSE IS MINE!”. It’s called being a “House Tease”

Of course this never would happen in the Bay Area where people are civil. That’s why you haven’t heard of it. But you never know.

The owner and Realtor of this house clearly wanted to make sure that foreigners from other states and countries know that this house is not a tease, but that it is really for sale. It’s for their benefit. And, to help lure in their money.

But just to make sure those who are cynical and jaded feel more comfortable, they included tiny pictures so as have some sort of teasy-ness to it.

And now you know!

Comments (20) -- Posted by: burbed @ 5:36 am

March 30, 2009

PRICED WAY BELOW MARKET! SILVER CREEK COUNTRY CLUB!

5674 San Felipe Rd, San Jose, CA 95135 Evergreen MLS# 80785209 – Property Details

$1,649,000

634056369-5674

* Status: Active
* Bedroom: 4
* Bathroom: 3
* Year Built: 1975
* Lot Size: 74923
* Square Footage: 3200
* List Date: 3/17/2008
* Garage Spaces: 3
* MLS#: 80785209
*

PRICED WAY BELOW MARKET FOR FAST SALE! DO NOT THIS OPPURTUNITY! WALK TO SILVER CREEK COUNTRY CLUB! WALK TO SILVER OAK ELEMENTARY! BEAUTIFUL COUNTRY ESTATE ON 1.74 ACRES! RUNNING CREEK ! LUSH LANDSCAPING ! A MUST SEE! WE ARE LOOKING FOR SERIOUS BUYERS! THIS IS THE BEST DEAL IN THE SILVER CREEK AREA! DO YOUR HOME WORK! ANY QUESTIONS PLEASE CALL!BRING ALL OFFERS MOTIVATED SELLERS!!!

Burbed reader Sonarrat had this to say:

It’s the most expensive house in the whole ZIP code, the fireplace has a horrible case of backne, and they’re using one of those OMG MOTIVATED SELLRS realtors. Not sure how this could be considered a good deal, even with two acres. There’s a plot of 18 acres available on San Felipe for $1.95M.

Uh… but sonarrat you missed something:

1393741919-5674a

This house comes with a tree house. Just look at picture #5! Hello, just think of the revenue opportunities of that tree house! You could totally rent it out and help pay down some of your mortgage!

See sonarrat, you’re simply not groking the entreprenurial spirit that Silicon Valley is so famous for. I think it may even have its own address! Cha-ching!

Personally, I would buy this house, then try to flip the treehouse separately. I wonder how much that would go for. Here! I’ll even write the copy for you: “cozy cottage w/ez access to fresh air, great views good schools”. Sweet!

Comments (13) -- Posted by: burbed @ 5:16 am

March 2, 2009

House with 4 car tandem parking in Belmont

820 El Camino Real, Belmont, CA 94002 Belmont Country Club MLS# 80848600 – Property Details
820 El Camino Real, Belmont, CA

$699,000

816843869_820a

* Status: Active
* Bedroom: 5
* Bathroom: 3
* Year Built: 1909
* Lot Size: N/A
* Square Footage: 1800
* List Date: 12/7/2008
* Garage Spaces: 3
* MLS#: 80848600

*
PRECED TO SELL – CHARMING FIVE BEDROOM, THREE BATH HOME IN BELMONT, OFF STREET PARKING IN FOUR CAR TANDEM PARKING GARAGE OR LOTS OF STORAGE. CLOSE TO TRANSPORATION AND SHOPPING BRING ALL OFFERS ! ! Vacant and ready to show!

Close to transporation (sic) and shopping indeed! And just think about how awesome it will be to juggle your cars in that 4 tandem parking garage (as opposed to… living garage?) since you’ll be living on the world famous El Camino Real.

Wowsers! What a deal! Easy access to everything! It’s like living on Market St in San Francisco, or Champs-Élysées in Paris. The minute you tell your co-workers “I live on El Camino”, they’ll know what you’re talking about.

And let’s not forget, unlike so many houses which are priced not to sell, this house is priced to sell. Go get it today!

Comments (153) -- Posted by: burbed @ 5:37 am

February 23, 2009

74% price drop on a house – what the heck?

105 KENSINGTON Rd, KENSINGTON, CA 94707 | MLS# 40394934
105 KENSINGTON Rd KENSINGTON, CA 94707
Price: $589,900

588368411_105
Beds: 5
Baths: 3
Sq. Ft.: 2,286
$/Sq. Ft.: $258
Lot Size: 6,630 Sq. Ft.
Property Type: Single Family Detached
Style: Contemporary
Year Built: 1965
Stories: 3
Neighborhood: KENSINGTON PARK
Area: Kensington
County: Contra Costa
MLS#: 40394934
Source: EBRD
Status: Price Change
On Redfin: 4 days
BANK OWNED: UNIQUE KENSINGTON REO. 5 BEDROOMS 3 BATHS WITH BONUS ROOMS. TRI LEVEL WITH VIEWS. HARDWOOD FLOORS UPDATED WINDOWS AND MORE. DON???T MISS THIS ONE

Kensington? Yipes, I had to look it up on a map to see where it was. Fortunately, Burbed reader Michael seems more familiar with the area, and thought I should be aware of this house specifically.

Why?

Because of this:

1943729312_105a

Now… I’m no expert on REOs or Kensington… so could someone explain to me what the heck is going on here? Talk about a pricing roller coaster! Yowsers!

Comments (26) -- Posted by: burbed @ 5:06 am

December 21, 2008

Is it a mini golf course, or is it the ultimate post modern San Jose house?

1601 Havana Dr, San Jose, CA 95122 Alum Rock MLS# 80814535 – Property Details

1601 Havana Dr, San Jose, CA
$269,900

17013817_1601hav

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1959
* Lot Size: 5800
* Square Footage: 1040
* List Date: 6/9/2008
* Garage Spaces: 1
PRICE REDUCTION! TAKE A LOOK AT THIS PROPERTY IN GREAT CONDITION, LARGE CORNER LOT WITH SIDE YARD ENTRANCE, ADDITIONAL BONUS AREA IN BACKYARD. PERGO FLOORING, TEXTURED WALLS, GRANITE KITCHEN. REO/EASY PROCESS NOT A SHORT SALE CALL ME DIRECT WITH ANY QUESTIONS.

Thanks to Burbed reader Garret for this find. Garret was wondering if this house was built on dead houses. A Frankenstein’s monster of houses.

Huh? All I see is a fantastic looking bridge – very zen in East San Jose!

Maybe a closer examination of the photos may be required.

1983492157_1601a

Uh. Interesting use of orange and lime(?) green. It totally has this tropical feel that makes me think of Cuba – how fitting for the street name.

I like the plant. It’s an interesting study in isolation.

And check it out, you don’t need to move to Belmont to have granite everywhere - you can save a few hundred thousand and live in East San Jose to get the same effect!

At this price, I don’t know how you could afford not to buy this house!

So where’s this bonus area that the description mentions?

Comments (19) -- Posted by: burbed @ 5:40 am

December 5, 2008

The bottom has been reached in Redwood City: 1923 Middlefield Rd

1923 Middlefield Rd, Redwood City, CA 94063 Dumbarton MLS# 80843661 – Property Details

$179,000

* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1927
* Lot Size: 1824
* Square Footage: 600
* List Date: 11/4/2008
* Garage Spaces: 1
HUGE POTENTIAL IN THIS TWO BEDROOM, ONE BATHROOM HOME. FEATURING WOOD FLOORS, AN ATTACHED CONVERTED GARAGE AND CENTRAL LOCATION. WALK TO DOWNTOWN, COSTCO! HURRY, DON’T MISS OUT ON THIS FANTASTIC OPPORTUNITY!

A few Burbed readers sent this to me. It sure looks familiar though… oh wait!

April 8, 2008
1923 Middlefield Rd in Redwood City revisited (again)

Wait… that seems familiar too…

August 13, 2007
How to lose $240 a day… 1923 Middlefield Road

Wowsers. The reason for this is clear: this property has not been well advertised.

Hello! This house has a Zestimate of $407k! Think of all the instant equity you can earn from this!

Don’t pass up this incredible deal. Buy it today! The bottom has been reached in Redwood City. How could this property possibly go any lower? Seriously!

Comments (114) -- Posted by: burbed @ 5:05 am

November 18, 2008

$1,232 per square foot for a tear down in Cupertino

10049 IMPERIAL Ave Cupertino, CA 95014
Price: $828,000


Beds:     2
Baths:     1
Sq. Ft.:     672
$/Sq. Ft.:     $1,232
Lot Size:     7,130 Sq. Ft.
Age (Years):    68
Year Built:    1940
Type:    Detached Single Family
Style:    Cottage/Bungalow
Stories:    1 Story
Neighborhood:    Cupertino
County:     Santa Clara
MLS#:     80823175
Source:     MLSListings
Status:     Active
On Redfin:     96 days
Unsold in 90+ days
MONTA VISTA BUNGALOW ZONED ML SOLD AS-IS TRUSTEE SALE. TOP CUPERTINO SCHOOLS. NEAR PARKS, DEEP CLIFF GOLF COURSE, DE ANZA, HWY 85 & 280. SHOW AFTER 4:30PM W/ 24 HOUR NOTICE.

More happy news for these glum times – $1232 per square foot. Woot!

This is exactly the kind of cheering up that people here in the Real Bay Area needed! After all, it’s Cupertino!

Oh but wait, it gets better! Let’s look at this amazing prime location:

Can you say easy access to shopping? I don’t know what kind of stores those are, but heck, they’re convenient. And look – you’ve got a neighbor who appreciates cars!

Win win win!

Comments (49) -- Posted by: burbed @ 5:29 am