February 10, 2012

property is in poor condition and needs a lot of repairs

Here’s a winner of a house in the Berryessa district of San Jose, also known as “I can’t believe it’s not Milpitas!” Today’s listing is courtesy of Burbed reader bmwman91.  Thanks very much!

3318 ONSLOW Way
San Jose, CA 95132
$454,900

120208-onslow-redfin

BEDS: 4
BATHS: 2
SQ. FT.: 1,645
$/SQ. FT.: $277
LOT SIZE: 6,534 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 2
YEAR BUILT: 1974
COMMUNITY: Berryessa
COUNTY: Santa Clara
MLS#: 81151168
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 43 days

Cash only!!! property is in poor condition and needs a lot of repairs. Spacious 4 bed 2.5 bath home located in a nice neighborhood. Spacious and open floorplan with good size rooms throughout. 2 car garage with ample storage space. Bank owned property !! As-is sale . Min disclosures.

120208-onslow-kitchenHere’s why bmwman91 thought this house was Burbed-worthy:

At least they tell you that the property is in bad shape. For a paltry sum of not a lot of money less than half a million dollars, you really shouldn’t expect to get something livable in a sort of shitty part of the bay area.

No, no, no, not a lot of money IS half a million dollars.  Mitt Romney said so.  If you want something livable, you have to spend like you’re part of the one percent,  That’s an income of $386,000, which means you could afford a $1,958,000 house, if you did a little bit of creative financing.  And if you want to buy in the Real Bay Area, that’s a given.

Comments (13) -- Posted by: madhaus @ 5:03 am






January 30, 2012

Save 40% in Redwood City… Oops, too late!

Redwood City is always full of delightful surprises!  Today, Burbed reader Mole Man has one to share with all of you.  Unfortunately, it’s pending, but let’s enjoy it anyway.  Oh wait… they pulled the listing.  WTF?

1363 Gordon St
Redwood City, CA 94061
Sold on 4/21/2006 for $760,000

120126-gordon-redfin-nolisting

Fortunately, Burbed will stop at nothing to scour teh internets to find you photos, listing history, prices, anything we can, no matter how slimy the rock it’s under or how icky the bits in that old cache are.  Let’s see if we can come up with anything.

Ding! Ding! Ding!  Look what we found on Sawbuck!  Six photos and some listing lusciousness!

120126-gordon-sawbuck

Bedrooms : 2
Bathrooms : 1
Lot Size : 0.18 ac
Finished Sq Ft : 840 sq. ft.
Type : Detached Single Family
Year Built : 1946
Subdivision : Central Park Etc.
Stories : 1
MLS# : 81145133
WalkScore™ : 66 (Somewhat Walkable)

BANK-OWNED! Adorable starter home in move-in condition; hardwood floors throughout; updated bath; 6-car garage in the backyard perfect for car collectors. Hurry this won’t last! Sold AS IS! Bank of America Prequalification REQUIRED on all offers! Plus Proof of Funds! "Cash transactions are subject to special deed restrictions."

120126-gordon-kitchenHere’s why Mole Man thought this property belonged on the front page:

Check this redwood city gold mine out:

  • Sold for $760k in 2006
  • Now listed at $467,850
  • You save nearly 40%!

And don’t worry about the flood zone stuff– it’s been years since there was high water around there.

120126-gordon-garage-wtfUm… what flood zone stuff?  Is that why they pulled a pending listing?  And it looks like the price was cut some more, to $450,000, after Mole Man sent it in.  Somebody sure wanted a new house for the New Year, going into contract on December 30th.

Plus a six car garage?  Let’s say that again, an 840 square foot house with a SIX CAR GARAGE.  That means the garage is bigger than the house, as a two-car garage is 400 sf.

When I first saw this photo, I thought I was looking at a barn, and wondered where the riding tack was.

120126-gordon-bathAs you admire the rest of the photos (not available on most other sites!), remember, they really knew how to build them in 1946.  Look at those hardwood floors, and those hardwood floors!

And yet another Home Depot Bathroom Sink Special right up against the bathtub.  You can’t great design like this just anywhere.

Hurry, this won’t last.  That’s why it’s being sold as-is.

120126-gordon-emptyroom-2

120126-gordon-emptyroom-1

Any idea what the “special deed restrictions” might be for all-cash transactions?  At least they’re saying this place is Special.

Comments (10) -- Posted by: madhaus @ 5:05 am

January 27, 2012

This house blue me away

What’s this, another find from the East Bay?  Yes, we’re back in El Cerrito, courtesy of Burbed reader Becca.  This may not be the Real Bay Area, but the house is definitely Burbed-worthy.  Read on to find out why.

1120 Lawrence Ct
El Cerrito, CA 94530
$405,900

120126-lawrence-redfin

BEDS: 4
BATHS: 2.5
SQ. FT.: 1,992
$/SQ. FT.: $204
LOT SIZE: 4,200 Sq. Ft.
TYPE: Detached
STYLE: Contemporary, Fixer/Handyman Special
STORIES: 2
YEAR BUILT: 1969
COMMUNITY: El Cerrito
COUNTY: Contra Costa
MLS#: 40554395
SOURCE: EBRD
STATUS: Pending
ON REDFIN: 44 days

Submit all offers- seller wants this sold NOW!! Large home on quiet court. This home has lots of potential with great floor plan. Some finsh work and updating will really make this shine. Buyer responsible for all compliance issues- property sold "As-Is". $75 buyer doc fee at COE.

120126-lawrence-livroomHere’s why Becca thought this house was worth looking into:

I’ve been reading Burbed for a while, and I was happy to see that you featured something in my neck of the woods today.  If you care to show another house in El Cerrito, this one has some interesting attributes:

This one was listed earlier this spring for ~$600k, cash only, and the description of the house mentioned that it had been a "pot house".  I don’t know if the hideous blue color all over everything helps the plants grow faster.

No luck recovering a cached version of the one hit I got for this address and “pot house.”

120126-google-pothouse

120126-lawrence-backyardLooks like the back yard would suit just fine.  Although it’s what’s behind the back yard that made this place so well-suited for its former function.

Remember that house we just featured in San Mateo?  What’s a bug for a residence is a feature for a grow house! 

Feast your eyes on the satellite shot!  There’s no way this blue beauty is subject to any power outages!

120126-lawrence-satellite

Comments (6) -- Posted by: madhaus @ 5:51 am

January 11, 2012

Do not go direct to San Mateo

imageOne of the interesting things about reading so many real estate listings is noticing just how few agents have a decent command of the English language.  When the market was red-hot back in the mid-oughties, listing copy was slapdash because the homes, RBA or not, essentially sold themselves.  And now that market action is found at the very high and very low ends, nothing says low-end like a listing that doesn’t even try to scan.

Today’s housing horror, from Burbed reader MS, is a good example of this.  The copy sounds like a Monopoly instruction.  The only question is whether this property is in the Dark Purples (now Browns) or the Light Blues, because it sure as heck isn’t Boardwalk.

 

438 CAVANAUGH St
San Mateo, CA 94401
$499,000

image

BEDS: 3
BATHS: 5.5
SQ. FT.: 1,804
$/SQ. FT.: $277
LOT SIZE: 5,610 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1959
COMMUNITY: North Shoreview/Dore Cavanaugh
COUNTY: San Mateo
MLS#: 81148666
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 42 days

Tenant occupied. Two large dogs. Do Not Go Direct. As Is Sale, No Seller Warranty, Additions may or may not have permits

imageHere’s what MS had to say about this fantastic find:

All tenant-occupied places mean you have to call agent for appointment. . Just to get the point across about how real this short is,  these tenants have TWO LARGE DOGS that make showings even more difficult, not that you planned to! And then there’s the unpermitted additions. What are they in a 3/5.5?
How’d they add onto it, to get that configuration?
I’m stumped. I’ll go if someone goes with me.

Have a look.  It seems like they just kept moving on back.

image

Whoah.  Come for the “may or may not have permits” additions, stay for the high-voltage transmission lines.  And if you’re ever worried about not having enough power to run your flatscreen television collection, just tap in behind your fence.

image

“Bunus”: Golf course right across the street means random broken windows!

Comments (7) -- Posted by: madhaus @ 5:09 am

January 9, 2012

Bringing you the Finest Listings in Cupertino

Happy New Year, everyone.  One of our New Year’s Resolutions is to keep bringing you plenty of excellent real estate finds, like today’s winner from Burbed reader Tracy.  Thanks very much.

Remember, Burbed is more than just crapboxes.  It’s community.  It’s community of crapboxes!  Without you wonderful readers sending in finds like this one, Burbed would be nothing but… uh…. interesting real estate photos.  Like these!

 

22750 STEVENS CREEK Blvd
Cupertino, CA 95014
$950,000

image

BEDS: 4
BATHS: 2
SQ. FT.: 1,258
$/SQ. FT.: $755
LOT SIZE: 0.25 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1952
COMMUNITY: Cupertino
COUNTY: Santa Clara
MLS#: 81146749
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 61 days

LARGE LOT LOVERS, GREAT OPPORTUNITY 110.96 x 100 = 11,096FT. FACING STEVENS CREEK BLVD, PERFECT FOR ENTERTAINING, MONTA VISTA SCHOOL, FIX IT NOW AND BUILT NEW HOME LATER. BRING IN ALL OFFERS, PROPERTY IS BEING OFFERED "AS IS ".

imageHere’s why Tracy was kind enough to share this listing with us:

Get my award for scariest pictures . How about the price 999,988. Too bad I didn’t see this before Halloween

Well if Tracy liked it at $999,988, then how do you like it at $950K?  Other than taking out those lucky eights, this is a great find, especially if you always wanted to live near a world famous newsmaking site.  And while the news is over, there will be plenty of reminders, like the ten kajillion cement trucks that will drive past your house all day, every day.

Plus check out what the GoogleCam has for this home.

image

Now THAT is a million dollar look in Cupertino at only 95% the price!  HURRY, Spring Bounce is just around the corner, and so is access to this house!

Comments (10) -- Posted by: madhaus @ 5:12 am

December 23, 2011

BLACK FRIDAY DEALS: Cheapest House Near Google!

Let’s finish up with the Black Friday DEALS, DEALS, DEALS as close to the Googleplex as we can.  This is the best DEAL in Mountain View!

177 FAIRCHILD Dr, Mountain View, CA 94043
$390,000

image

BEDS: 3
BATHS: 2.5
SQ. FT.: 1,720
$/SQ. FT.: $227
LOT SIZE: 5,367 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1945
COMMUNITY: Whisman
COUNTY: Santa Clara
MLS#: 81114167
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 264 days

This is a bank owned property to be sold as is.

No muss, no fuss, no silly listing copy to make claims it can’t keep, and best of all, it’s already been featured on Burbed back in March, 2010!  Only back then, it was selling for (are you sitting down?) $760K!  All that instant equity could be yours, because it’s probably worth a million now! 

All this, and still close to freeway!

image

Comments (8) -- Posted by: madhaus @ 4:12 am

December 12, 2011

BLACK FRIDAY DEALS: Cheapest House in Fremont!

Fremont doesn’t get anywhere near enough attention from Burbed, but today we take a step toward correcting that oversight.  This is a DEAL, DEAL, DEAL that should make anyone happy. 

Fremont: Close enough to Silicon Valley that commuting is in the realm of possibility, yet with all the quality features we’ve come to expect from close-in areas such as Redwood City, East Palo Alto, or Alum Rock!

57 Sycamore St, Fremont, CA 94536
$147,250

image

BEDS: 3
BATHS: 2
SQ. FT.: 845
$/SQ. FT.: $174
LOT SIZE: 4,237 Sq. Ft.
TYPE: Detached
STYLE: Fixer/Handyman Special
STORIES: 1
YEAR BUILT: 1905
COMMUNITY: Fremont
COUNTY: Alameda
MLS#: 40551215
SOURCE: EBRD
STATUS: Pending
ON REDFIN: 27 days

View of Creek Hills, Trees, View of Niles River directly behind property, Very Scenic Location. Dual Pane Windows, Walk to Park. Sold in AS-IS condition.

Walk to Park.  Well, I’m sold!  Although I would love to see the inside.  How did they fit 3 bedrooms and 2 bathrooms in 845 square feet?  Did they leave out the living room and the kitchen?

The house has plenty of history, too.  Plenty of listing history.  BUY NOW!!!!!!

Comments (3) -- Posted by: madhaus @ 4:09 am

July 22, 2011

MUST BE A CASH BUYER

1623 OAK Ave Redwood City, CA
$400,000.00


Beds: 3
Baths: 1.5
Sq. Ft.: 1,300
$/Sq. Ft.: $308
Lot Size: 5,000 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Stories: 2
View: Neighborhood
Year Built: 1925
Community: Central Park
County: San Mateo
MLS#: 81128665
On Redfin: 22 days

Build a new home. Definite tear down. Doubt anyone would want to rehab. Being sold for land value. Sold “As Is. ” MUST BE A CASH BUYER. Zone R-2, Possible Duplex site.

What a deal! Only $400k for a lot you have to scrape a festering craps off of before having a chance to build something decent! But before we get ahead of ourselves, let’s take a closer look to see if the Realtor is correct in doubting anybody would want to rehab it.
Okay, so maybe I’d be afraid of dropping a hammer and causing the whole structure to collapse on me. That’s what illegal immigrantsbudget contractors are for! Plus, I’m not sure what that tiny second story over the… porch I think it is… is for. Storing midgets? Sniper loft? Emergency kayak supply location?

Anyway, let’s just concede it’s a tear-down. I figure the cheapest you can remove a house for is about 20-40k, so take a look at what your 440k could be getting you a few short blocks away! An actual house! That’s like buying this house, plowing the existing junks under, and having a house magically appear! Of course, you could scoff because since that lot has an ACTUAL house on it, it must be worth far less because raw land is impossible to come by, I suggest you have a look here for what $420k will get you with nary a house in sight! As a bonus, that you get pre-approved plans ready to build there! As the Realtor says, just pull the permit and build!

Doing that would be crazy, though! Instead, you can enjoy the blazing glory of burning down a dump to get around the demolition permits! That’s the bay area entreprenual spirit! And as the listing says, MUST BE A CASH BUYER. However, they’ll probably accept your Facebook stock options in lieu of cash.

Comments (8) -- Posted by: sfbubblebuyer @ 5:11 am

April 6, 2011

Substandard but buildable lot! no value/no foundation no reports AS IS-WHERE IS (not guaranteed) No no no with restrictions

Thanks to Burbed reader Real Estater who shared this house in comments, and calls this “Unbeatable value in 94301.”  I think he misspelled “Uninhabitable.”

434 FULTON St, Palo Alto, CA 94301
$599,950

image

BEDS: 1
BATHS: 1
SQ. FT.: 1,224
$/SQ. FT.: $490
LOT SIZE: 3,936 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1912
COMMUNITY: Crescent Park
COUNTY: Santa Clara
MLS#: 81113725
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

Strictly Land Value! Substandard but buildable lot! Existing structure no value/no foundation. No reports. AS IS-WHERE IS for house, systems, any pers. prop. Buyers to do all due diligence in advance. Per City PA (not guaranteed. Buyer to independently investigate/confirm) No 2nd story or basement allowed. New Requires 1 covered + 1 uncovered parking. .45% FAR with restrictions.

imageAnother refreshing entry!  How many homes for sale in Palo Alto have the word “substandard” in the listing or say the house has no value or foundation?  Too few!  And no reports.  And no 2nd story or basement.  Remember, you may deserve a Yes in San Jose, but all you’re getting in Palo Alto is a bunch of No no no no no (buyer to independently investigate/confirm).

As to the .45% FAR;  It does say POINT four five percent above, right?  Decimal point and a percentage. Math class is tough! 

That means 0.0045 of the land can be built on.  So, .0045 times 3936, carry the three, um… you can build a 17.712 square foot structure on this lot.  Yes, under eighteen square feet.  Here is something that is 18 square feet, the kitchen on the right.

imageOh, wait, the rotating kitchen uses up 18 square feet.  We need something that shows how much room you have if your living space is 18 square feet. How about this half-bath plan!

So, the realtard can’t do math and clearly slept through fifth grade when decimals and percentages were covered. Just the trained professional you want representing you in a $600,000 transaction involving lots and lots of minutiae like building codes and escrow balance sheets.  He really meant 45% or .45 FAR.  Palo Alto would never restrict you to an eighteen square foot house when tearing down a 99 year old scraper.  (Piedmont would.)

That means you can build up to a 1771.2 sf house on the substandard lot, whoops, you need a covered parking space plus an uncovered one, guess you better take 200 feet off for the mandatory one-car garage.  Still, a 1571 sf house is bigger than what’s there now.  Plus it will have the added advantage of having luxurious extras such as a foundation. And value.

Comments (15) -- Posted by: madhaus @ 5:08 am

March 25, 2011

HAVE HAMMER?

Sometimes I forget Burbed had its roots in overpriced horrid housing.  Today’s listing reminds us of those humble beginnings that have brought us five years of ridiculously expensive crap.  Remember, any neighborhood can have cheaply built housing, but only the Bay Area can boast the most expensive domestic don’ts in the universe.

836 DWIGHT Ave, Sunnyvale, CA 94086
$325,000

image

BEDS: 2
BATHS: 2
SQ. FT.: 822
$/SQ. FT.: $395
LOT SIZE: 4,000 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1944
COMMUNITY: Sunnyvale
COUNTY: Santa Clara
MLS#: 81112615
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

HAVE HAMMER? WILL SAVE. Spruce up this 2 bedroom the heart of Sunnyvale, needs TLC. Bonus room in rear and 2nd bath – permits unknown. Convenient to freeways, shopping, services, and public trans. Possible candidate for renovation financing. Clean up is underway. Corp-owned and sold AS-IS; no warranties or inspections provided by seller.

“Needs TLC” is realtardspeak for about to collapse as soon as a toddler breathes on it.  And it’s got permits unknown, your assurance of a good many days in the Sunnyvale Planning Department.  No wonder it’s selling AS-IS.  No inspections provided by seller, so you don’t have to waste your money on your own.  It’s AS-IS, that means, of course it’s got problems, it’s one continuous problem.

Like the “Clean up is underway” comment.  I don’t think they meant vacuuming the carpets:

image

Haven’t we discussed this neighborhood before?  Of course we have, this is the Super Fun place!  So when they talk clean up, let’s just say that if you want concrete countertops there will probably be plenty left over for that.

Comments (14) -- Posted by: madhaus @ 5:01 am