September 14, 2013

Smug techies commission uber-pimped pads

Want to read another self-congratulatory article about how much money everyone is spending in Silicon Valley? You didn’t? See you tomorrow, then!  Thanks very much to Burbed reader PK for alerting us to this important development that nobody at all saw coming.

Silicon Valley techies spur home building and remodeling boom

130913-svbuilding-lahBy Pete Carey, San Jose Mercury News
POSTED:   09/10/2013 07:04:31 PM PDT | UPDATED:   3 DAYS AGO

Taking advantage of Silicon Valley’s robust economy, affluent techies are building or remodeling homes, transforming parts of the area’s older housing stock and fueling a boom for Bay Area architects and interior designers.

"The problem is finding time to sleep," said architect Roger Kohler, of Palo Alto, whose firm has more than 20 projects in construction or just completed in Los Altos, Palo Alto, Menlo Park and Atherton.

The tech workers range from midlevel engineers at startups or at tech giants like Apple (AAPL),Facebook and Google (GOOG) to older CEOs or founders selling their companies. Some are doing relatively straightforward, if pricey, remodels, while others are leveling old homes and building new ones with basement game rooms, large garages and the latest in high-tech features.

Catherine Jhung, a vice president at Cleantech.com, and her husband, Brian Buchholz, who works at Google, are including "a lot of the new technologies for green building" in the San Carlos Craftsman-style home they will soon break ground on. The existing home — which they bought seven years ago — was torn down. Construction bids are coming in at $270 to $285 a square foot, or about $900,000.

130913-svbuilding-steampunkThere really isn’t much to say about the article itself, although do check out the photo in the extended gallery of the steampunk bathroom pipes. No, once more the fun is in the comments.  Here are some we really enjoyed.

Oops here comes the haters. Techies forget they live in the bubble. Outside of the bubble, is the long lines of haters.

Wait, we live in a bubble?

This is the kind of Silicon Valley self-congratulatory stuff that is typical of the Mercury News. I can hardly believe that anybody smart enough to make that much money would be dumb and vulgar enough to flaunt it in print like this.

Yeah! Go hide your money in a Swiss Bank Account like we do!

Steampunk? 20 years ago we called it postmodernism. Don’t see any compelling reason to invent a new term when a perfectly good one exists.

You, my friend, do not get steampunk.  Then again, not sure the architect did either.  There’s a distinct lack of gears, valves, and, well, steam.  This looks more like the Rube Goldberg ball machine at the Tech Museum.

The final comment is our personal favorite, in reply to this section of the story:

130913-svbulding-exterior-lahTim Williams and his wife, Renee, both work in biotech and were "half looking around" when they found a lot in Los Altos Hills for sale on Craigslist. "We’re not in the 1 percent," said Tim Williams, "so it was a bit of a stretch for us."

CONTEMPORARY DESIGN

The couple lived in an old cottage on the property during construction of the 3,100-square-foot, contemporary home, designed by Bahi Oreizy and Mariela Pfennig-Mahmud of 360 Design in Los Altos. The new home is stucco, metal and wood on the exterior and has tile floors, under-floor heating and lots of south-facing windows to help sunshine warm the home in winter.

not 1% ??? bought a lot in Los Altos and put up 3100 sq ft home with heated floors? I got news for you, YOU ARE in the 1%. and your just too stupid to realize it.

I got news for you, when you call someone stupid, you’d better not confuse the difference between your and you’re.  Not that we don’t 100% agree with this, as we did stick the home photo in next to the text for some serious cognitive dissonance.

Comments (5) -- Posted by: madhaus @ 7:02 am






December 15, 2012

UPDATED: Snout Housing: Threat or Menace?

Letters, oh we get letters… Here’s something to snuffle over from Burbed reader Kiki:

121214-snout-victoriaI would love to see some analysis on South Bay snout houses.  Why are there so many? It’s like mullets at Wal-Mart.

Do they sit on the market longer than other house styles? Is that a punishment? Do people actually like them or do they settle because of … ahem … “inventory” available?

I don’t think anyone has ever done a published, peer reviewed analysis on snout houses (because the people who would be interested in that sort of data sure don’t want to share it). I’m in Santa Clara – I know of one tract developed in the 1950s that’s almost ALL snout houses. It’s east of Lawrence & north of El Camino (yes, El Camino runs East-West in Santa Clara) and runs east to about Kiely. I’m not sure how far north the sprawl of snout goes but I can surf google earth later today.

thank you for your delightful daily snark. I love what you’re doing.

121214-snout-warburtonGiven the location, location, location that Kiki provided, we went to Redfin and saw what was available.  Answer: nothing you can buy that’s particularly snoutside, but looking at recent sales yielded a winner from 1954 on our first click.

And in that same general area, no snout about it, different from the first one yet so much the same, and also from that excellent year of 1954.

Asnout these homes… yes, they do seem to be clustered in this area.  But we’ve featured this style of home before, and they aren’t all in West Central Santa Clara.

121214-snout-bouveronFor example, here’s one we ran at the beginning of this year.  It’s all snout and nothing else to face.  It’s also not in Santa Clara, but in San Jose.  Such a delightful frontage, wonder why it took ten months to sell. No, it didn’t take ten months, it sold this October.  And also this June, so it’s a snout-flip.  (The June sale took 3 years to happen, and then sold for 1/3 less than the 2000 sale price.)  Wow, instant equity!

But there are all kinds of snout houses, just as there are all kinds of buyers and sellers.

121214-snout-kirkwall121214-snout-college

121214-snout-selbyF’rinstance, this lovely little luxury lulu in Milpitas (on the left, above) is better than the usual snout house, because it has bunus snout.  Contrariwise, on the right is a Mountain View maisonette, or as Burbed reader bmwman91 put it, a “single-nostril snout house.”

This delightful domicile à droit (that’s at right for the realtards following along from their home offices) looks like it could fit in a tract with any of the others up top, but this middle-class muzzle-mansion is in Atherton. Yes, it’s in the cheap-ass part that’s practically Redwood City, but it has an Atherton mailing address and more importantly, an Atherton property tax bill.

Let us know about snout houses you’ve seen, visited, or even lived in.  Or let us know about anything else you want, because it’s also time to get your schnozz into a Weekend Open Thread!

Update 10:07 PM: How could we forget this ode to snout housing from 1986? Put your hands together for David Byrne, who anticipated what endless expansion of exurbia would lead to.  This is a clip from True Stories.

Comments (10) -- Posted by: madhaus @ 5:07 am

October 30, 2011

Updated: For Halloween Weekend, Here’s a Scary Treat for You from Burbed!

imageOoops, my bad.  It’s a trick.  It’s a trick!

You see, Forbes has their new list of the 500 Most Expensive Zip Codes out, and it’s time to see how much of the Real Bay Area (RBA) can Occupy The Forbes Zip List!  Since this series is a perennial Burbed favorite, we’re going to devote the next five hundred weekend posts to lovingly analyzing every single aspect of this new set of delicious demographic domicile data.

Today: The Top 50 Most Expensive Zip Codes

Hey wait, come back!  This is going to be really good!  We’re going to see which zip codes gained or lost ground since last year!  Maybe some of them get kicked out of the RBA for this!  This is a Burbed exclusive, too, Forbes didn’t bother doing any analysis of their own list changes.

imagePlus this year’s Forbes feature has the top 50 places show the most expensive house so we’ll link to each listing, plus what you can get for a mere million. That means nothing in the RBA except one crapshack in Los Gatos despite their featuring 20 different “expensive” zips.  Ha ha!  Our expensive zips are so Special we don’t let any stinking one million dollar properties in!

We also love to catch Forbes in mistakes, so if there’s something more expensive they missed, or if they otherwise screwed up like last year, we’ll be sure to let them know with as much obnoxious chortling good-natured ribbing as possible.  It’s going to be awesome!

Updated: And the TRICK is on Forbes for a Burbed Treat!   They have screwed up very, very badly.  Badly enough that I’m wondering if their (bad, really bad) mistakes made it to the print version of this feature.  If anyone has a copy, please let us know in comments.

I’ve grabbed the Days on Market (DOM) from the big table as Burbed readers Divasm and nomadic point out every single zip had a DOM of 200.  That’s highly unlikely.  Nice going, Forbes!  I can’t wait to see if your other numbers disagree too!  (Yes, they’re fvcked.)

I’m also putting a break in right after the first entry, because this article is not one of our shorter pieces.  And now, here they are!  Every Northern California entry in Forbes Top 50!

#2: Atherton 94027

  • Median Home Price: $4,295,000
  • Median Price Change: +7.1% ⇑
  • Average Days On Market: 200 162
  • Inventory: 162 41
  • Rank Last Year: #2 (no change)  Exclusive BURBED content, Not on Forbes!
  • Most Expensive Home: $20 Million (52 Tuscaloosa Avenue)

imageOh little town of Atherton
How high we see thee lie
Above thy rich and floodless ditch
You burst with equitie
Yet in they dark streets shineth
No mortgage meltdown mess
The hopes and quips of other zips
Are met in thy address

Oops, Tuscaloosa now listed for $18.9 million.  Sorry about that!  Are you Astonished?

Also I found this $24M home, listed a month ago.  Guess they missed it when putting their article together, since it ran a couple of weeks ago.  But Homes of the Rich found it too.

More after the break!  Much more!

(more…)

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

July 20, 2011

Ennui in Atherton

197 Ravenswood Ave, Atherton, CA
$1,999,999

Beds: 4
Baths: 3
Sq. Ft.: 2,820
$/Sq. Ft.: $709
Lot Size: 1 Acres
On Redfin: 127 days
Excellent opportunity to build your estate home in Atherton. Lot is 43,700 sq ft and all level. House needs work and is in original condition. Great potential. Property is currently rented on a month-to-month basis. Beautiful grounds with pool and one bedroom guest house. Property is across from Menlo-Atherton High School Performing Arts Center.

You’ve worked hard, you’ve saved every last penny, you fought for the promotions and finally you’ve made it.  Okay, not really.  You’re a trust fund baby and you know it.  But if anything, that means you’re even MORE entitled to the good life, right?  So let’s head to Atherton and pick up a slice of the good life!  Surely a street name like Ravenswood couldn’t portend anything dire, right?  A 3k manse on an acre seems like just the thing to snap up!  You smile jauntily as you walk into your new home to relax in your…. dark dungeon of a living room?
image

You blink myopically as you watch the light being sucked out of the room, not sure just where it’s going.  Lethargy seeps into your bones and you only want to collapse on the couch and wonder about the futility of existence.  Wait, you must snap out of it!  Surely a nice bright paint job will fix… whatever it is… that seems to eat light and joy in the living room.  You quickly move into the kitchen to surround yourself in gleaming white tile and paint.

You feel the building tension ease off as you reach the kitchen.   You start to relax until you realize that the bright sunlight streaming through your small window only reaches the sink before evaporating into the house’s gloam.Surely this can’t be right.  Surely there must be a spot in this sanctuary from the hard knock life of idle aristocracy must have a bright spot!  Some place to uplift your soul and allow you to relax in your castle!  After all, this is Atherton, dammit, and Daddy worked long and hard for you to live here!  Your face becomes a rictus of strident indignation and you summon the tenacity that got you through Stanford after Mommy signed a check for a cool hundred grand and stalk out of the ever dimming kitchen into the dining room.  Here you will bask in the warming sun streaming through your floor to ceiling windows!  The entire wall of glorious glass will allow the sun to blast this malingering discontent from your mind!  Passing through the doorway you are greeted by what seems like acres of glass.   Your glorious aerie of windows and sun awaits!

The room tails away from you into darkness.  The sun gamely tries to banish the darkness, but like the oft scrubbed blood spatters on Lady MacBeth, this is a fight that cannot be won.  Your legs give a wobble and your knees nearly hit the floor as darkness spreads from the house outwards.  It even seems like the house is try to shove another wall against the windows to make the dankness complete.  Surely this is a demon house that hates the light!  You begin to shake uncontrollably, overcome by an urge to flee the house, to seek the sun, to escape the darkness!  Fumbling at your single pane sliding glass doors, you finally yank them open and stumble out onto your acre of golden fields and trees!  You take a deep breath of air only slightly tainted by the nearby bay sloughs, your eyes closed tight, waiting for the perfect moment to open them to the glory that is your land, the one thing that will embrace the sun and your spirit, like a high end skymall hammock for your soul.  You shade your eyes and open them, expecting to be blinded by the sun and find yourself staring at a landscape of lush… bleakness?

The blue sky above mocks you.  The trees bob and weave blocking all warmth.  The cold shadows reach across the grounds to drag you down into the bleakness of existence.  The grass darkens to near black, the trees oily blobs of shadow.  Only a spattering of sun is allowed through, to mock you with the utter futility of seeking warmth, companionship, fulfillment, or the last ice cream sandwich because the maid snagged it when she was cleaning up yesterday.

Beaten, you stare around you at the noose you happily bought and secured around your neck.  You wonder how many days and nights living in every deepening darkness in Atherton it will take before the pool becomes the one beacon of light in your life.  You feel certain soon it will be your only friend, a magnet drawing you to it like a dark iron filing drawn to the magnetic allure of despair and grief.  Surely the pool will have a solution to your dilemma.  Soon it will be time to dive in and discover the warm embrace of certainty.

Comments (18) -- Posted by: sfbubblebuyer @ 4:56 am

April 30, 2011

Another High Asking Price Where it’s Special

Remember the $75 million Los Altos Hills property that Yuri Milner bought?  It turned out that he actually paid $100 million, making it one of the most expensive private residential sales in the United States.  We’re #1!  We’re #1!

This one isn’t #2, but it’s still a pretty healthy chunk of change.

Silicon Valley Estate Hits Market for $59.5 Million

The Wall Street Journal, Private Properties, April 29th 2011

imageA 12-acre Silicon Valley property that belonged to a great-grandniece of Levi Strauss is asking $59.5 million.

The sellers of the Atherton, Calif., property, called Pine Brook, are the children of San Francisco philanthropist Madeleine Haas Russell, who died in 1999. The family has owned it for a century and used it as a summer retreat. There’s a main, English Tudor-style house of more than 11,000 square feet. There’s also a 6,500-square-foot guest house, a swimming pool, pool house, tennis court and gardens.

The family members say in a statement that they always intended to eventually sell the land. Listing agent Mary Gullixson of Alain Pinel Realtors says the estate is an unusually large offering.

Can’t find it on Zillow or Redfin, but a search for “Pine Brook Atherton” yields the address 237 Atherton Avenue, owned by Pine Brook LLC.  And that property is a 5 bedroom, 2 bath, 2050 square footer, with another 2280 unfinished.  And it’s sitting on… 414,600 square feet?  That’s nine and a half acres.  In Atherton.  So how did they get 12 acres, do they own some of the other parcels too?

image

Here it is from the back, best view there is.

image

But the WSJ piece says that the property has an 11,000 sf English Tudor main house and a 6,500 sf guest house.  Wonder who at the assessor’s office missed all that?  They sure fooled Zillow; the Zestimate on this place is $1,913,500, and you should be able to rent it for just $7828 a month.  And if you want a comp, here’s ten acres in Atherton with a much larger house that was offered for $22.5 and scooped up for only $18 million.

In 2007.

Obviously this listing is so hush hush that the agent won’t even feature it on her website.

Comments (35) -- Posted by: madhaus @ 5:08 am

April 26, 2011

Homes of the Rich discovers Atherton Pricing

Thanks to Burbed reader nomadic for alerting us to another housing blog that stumbled upon Real Bay Area Pricing and had trouble coming to terms with it.  Burbed readers, welcome to… Homes of the Rich.

Wow this site looks like it was designed by a MySpace refugee with a Detroit Tiger fetish.  All it’s missing is blinking text.

image

Charming $17.5 Million Home in Atherton, CA

This charming 2007 built home is located at 224 Park Lane in Atherton, CA. It boasts 9,956 square feet of living space with 6 bedrooms, 6 full and 3 half bathrooms, walnut floors throughout, wool carpeting in all bedrooms, Rumford-style fireplaces, masterfully finished millwork, great room with vaulted beamed ceiling, home office, gourmet kitchen with beautiful center island, wine cellar, home theater with 8 massage chairs, bar, swimming pool with spa and waterfall, outdoor firepit and fireplace, BBQ,guest house and a detached 3+ car garage. It is listed at a hefty $17,500,000.

CLICK HERE FOR THE LISTING

Tags: California, gym, home theater, swimming pool, wine cellar

And the “click here” is a dead link.  Yowza.  Fortunately, I findz it anywayz with teh internets:

224 PARK Ln, Atherton, CA 94027
$17,500,000

image

BEDS: 6
BATHS: 7.5
SQ. FT.: 9,956
$/SQ. FT.: $0
LOT SIZE: 1.01 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Traditional
STORIES: 3
VIEW: Neighborhood
YEAR BUILT: 2007
COMMUNITY: El Camino to Alameda
COUNTY: San Mateo
MLS#: 81105759
SOURCE: MLSListings
STATUS: Sold

Custom home built in 2007 near the Menlo Circus Club. Tall ceilings, walnut floors, wool carpeting in all bedrooms & lower level, Rumford-style fireplaces, masterfully finished millwork. LOWER LEVEL has wine cellar, theatre w/ 8 massage chairs, exercise room (6th bd) w/ steam shower, 2nd FR w/ full bar. Pool/spa w/ waterfall, firepit, BBQ center, outdoor FP, GH w/ bath MP schools

Hey, we can guess how much this place sold for as well.  But back to Homes of the Rich.  Reading the comments reminds us just how different prices are here compared to almost anywhere else.  Plus, a little bonus: Here’s the ad running under the Atherton house right now:

image

Yeah, that tells me all I need to know about that site’s readership.

Comments (36) -- Posted by: madhaus @ 5:06 am

December 23, 2010

Cheapest House in Atherton

Black Friday DEALS continue, and thanks to Burbed reader sonarrat for finding today’s budget-blessing beauty.  Here’s what sonarrat had to say about today’s find:  “That’s the one block of Atherton that has all small lots and tract homes like Redwood City.”

208 Selby Ln, Atherton, CA 94027
$1,295,000

image

Beds: 3
Baths: 2
Sq. Ft.: 2,760
$/Sq. Ft.: $469
Lot Size: 6,250 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Stories: 2
View: Neighborhood
Year Built: 1965
Community: El Camino to Alameda
County: San Mateo
MLS#: 81053468
Source: MLSListings
Status: Active
On Redfin: 45 days

Amazing value for this 2,700 +/- sq. ft. home. Has never been on the market. Formal entry, elegant living room with formal dining room, large bedroom suites, lovely backyard. Best price in west Atherton. Kitchen opens to spacious family room. Amazing opportunity.

Best price in West Atherton.  And some wags thought I made up West Atherton.  Nuh uh.  A professional Real Estate professional type lady professional said “West Atherton” in the copy above.  So let’s have a good look at what makes West Atherton so Special.

image

See?  It’s in Atherton, but West!  You can live just like the working class in Redwood City, except your postman reminds you every day that you live in Atherton!  And so will your property tax bill.

image

Best of all, this snout house has never been on the market.  That means if you buy it now, it won’t have too many agent cooties.  Now that’s a DEAL.

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

December 22, 2010

Cheapest House in Atherton… Um, Cheap House in Menlo Park

In trying to get you another Black Friday DEAL, I found a DEAL myself and hired an overseas contractor to write today’s column.  Unfortunately, you get what you pay for, and what I got was neither in Atherton nor the cheapest house in Menlo Park.  It is, however, like all Real Estate, a DEAL.

3501 Middlefield Rd, Menlo Park, CA 94025
$480,000

image

Beds: 2
Baths: 1
Sq. Ft.: 960
$/Sq. Ft.: $500
Lot Size: 5,300 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
View: Neighborhood
Year Built: 1951
Community: County Area/Fair Oaks Ave
County: San Mateo
MLS#:  81013973
Source: MLSListings
Status: Active On Redfin: 274 days

image This home has been "beautifully remodeled!" That means the previous owner has added "value"!  Which begs the question: why would someone bother to do that when the house is not even on the wrong side of 101!?  The overbidding should just flow naturally.  This slice of Silicon Valley is quite the diamond in the rough.  Or is it just the rough part?

Every house has a story and this one is no different.  Let’s see what the savvy investors behind this gem have been up to.  The house was purchased in 2007 for $650,000, so we can be assured that the buyer will have made out well.  After all, when something is that inexpensive, it has nowhere to go but up! 

The buyer’s pride of ownership must have run out 3 years later because it looks like they decided to list it earlier this year for only $599,000.  Looks like someone (maybe the realtard?) must have slipped in a negative sign when they were calculating the appreciation on the ’07 sale.  But buyers love their sweet deals and this one is no exception.  Someone must have noticed the (mistakenly entered?) rock bottom price and tried to buy it because it went pending without release just 3 months later.

Strangely, it didn’t close.  No doubt it slipped out of a sale because the owner, in a fit of rage, realized that the realtor had miscalculated their expected appreciation and backed out.  What we can know for sure is that whatever buyer was interested in this fine gem was standing by with a 20% down payment ($119,800), a 780 credit score and a six figure W2 job, so securing financing wasn’t an issue.  That poor, unfortunate soul missed out on the sweet, sweet depreciation.  I meant appreciation.  My mistake.  Fortunately, their loss is your gain and this estate is once again on the market!

But, enough with the history – what’s with that weird layout?  To start, there’s no windows in the center of the house.  Now that may seem like a bad thing to you, Mr./Mrs. unisex property buyer, but the copy also kindly explains that, while some landscaping has already been done, you still have room to create your own oasis.  If you had any doubts before as to whether or not you would be able to put plants in the ground at this location, your concerns should be put to rest. 

And, when you’re not enjoying the oasis you created, you can always go around back where you will find a pool filled with more possibilities!  Here, you can either re-line the pool or fill it in!  It’s your choice what to do!  Sure, doing nothing is always an option, but smart investors like you know that in order to "add value" you have to do something (anything).  Whether you decide to remove or re-line the pool, you can be sure that you will recoup your "investment" threefold when the next buyer comes along.

image Not every home listing comes complete with a picture of the street signs just down the way.  Fortunately for you, lucky buyer, this does.  The street signs say that this is a neighborhood street.  That’s important to know because it tells you that this isn’t just any street.  It’s a neighborhood street.  The kind where people are neighbors and they go about doing neighborly things like lending each other cups of sugar or engaging in civil discourse about the topics du jour.  Or maybe that’s not what it’s saying. 

Perhaps the sign is a warning about your neighbors.  A warning graciously placed there by the city of Menlo Park to tell you that your neighbors… are a little bit slow.  Maybe it’s saying that you, too, could be a little bit slow as well… if you are quick enough to catch this knife.

Comments (22) -- Posted by: madhaus @ 4:44 am

October 3, 2010

The Most Expensive Zip Codes! MOST EXPENSIVE!!!

Forbes Magazine has their annual most expensive zip code collection again, and high-end real estate agents rejoiced.  This feature is the Capitalist Tool’s usual suck-off to NAR, with the lovely pictures there to move some expensive houses.  Anyway, California, despite its budgetary and property value woes, completely cleaned New York’s clock.  Unfortunately, Los Angeles is getting ahead of San Francisco.

Here are the top ten:

    1. 91008, Duarte, Calif.
    2. 94027, Atherton, Calif.
    3. 90274, Rolling Hills, Calif.
    4. 07620, Alpine, N.J.
    5. 10014, New York, N.Y.
    6. 90210, Beverly Hills, Calif.
    7. 10065, New York, N.Y.
    8. 94920, Belvedere, Calif.
    9. 10012, New York, N.Y.
    10. 93108, Santa Barbara, Calif.

If ever a list defined what flyover land was, this is it.  All ten are California or New York City suburbs.  How did Greenwich, Connecticut get knocked off this list?  More importantly, how did a town full of ginormous houses next to Monrovia get on it?  91008 is mostly big, expensive homes in Bradbury, but the post office calls the zip Duarte. High-priced enclave surrounded by working-class city, good thing we don’t have anything like that in the Real Bay Area (RBA)!

And we sure don’t have anything like this:

High-End Slump Slows
The median price of America’s high-end homes continues to slide, but not as fast as it did last year. Our index of 500 high-end ZIP codes saw the average home price fall 5%, to $1.2 million, from the same time last year. In 2009 the markets on our list saw a 7% price drop.

About 35% of the ZIP codes in our index saw median prices increase or stay flat, but that’s likely because more high-priced homes are coming on the market, while more affordable housing continues to falter. “The year-over-year price changes we’re seeing here aren’t necessarily the change in price for your house, if you have a house in this area,” says Simonsen. “It’s a change in the mix of homes on the active market.”

Anyway, on to the high-priced zips in the Bay Area.  Photos, stats, and smarmy real estate copy is from Forbes.  You’ll recognize what isn’t, and I’ve hunted down all the real estate so you don’t have to.

#2 – 94027: Atherton

Median Home Price: $4,010,200
Median Price Change: 4%
Average Days On Market: 109
Inventory: 57 properties
Median Household Income: $200,001

image_thumb7

This remodeled mid-century four-bedroom, four-bathroom, 4,010-square-foot ranch with a cathedral ceiling, fireplace, media room, two-car garage and gardens sells for $4,488,000. It is listed with Alain Pinel.

And it’s up 4%.  RBA Win!  This house on Fredrick Ave is still for sale, listed 63 days.  Buy now with Redfin and save $56,100!

#8 – 94920: Belvedere

Median Home Price: $3,283,269
Median Price Change: 51%
Average Days On Market: 149
Inventory: 39 properties
Median Household Income: $106,492

image_thumb8

This three-bedroom, four-bathroom 4347-square-foot Spanish-style stucco home in the section of 94920 that’s in neighboring Tiburon offers views and a fireplace and sells for $3,195,000. William J. Smith has the listing.

What’s this?  The zip is shared with Tiburon?  Outrage!  If Belvedere had its own zip, it would kick Bradbury’s butt!  But wait!  This house isn’t in Belvedere but in Tiburon?  That’s bait and switch!  Just for that I won’t buy the house on Buckwheat Court.  In Tiburon.

image_thumb18

#15 – 94022: Los Altos Hills

Median Home Price: $3,048,846
Median Price Change: 34%
Average Days On Market: 176
Inventory: 58 properties
Median Household Income: NA

image_thumb10

This 4,000 square-foot, five-bedroom, six-bathroom Mediterranean-style home has a stucco exterior, vaulted ceilings, a fireplace and study and is selling for $3,195,000. Alain Pinel has the listing.

Up 34%!  New York is our beeyotch.  And so is Forbes, because this house is on Jay St, in Los Altos, No Hills.  It’s also new construction.  Three lots down from busy El Monte.  You’re welcome.

image_thumb20

#18 – 94024: Los Altos Hills

Median Home Price: $2,974,058 <
/dt>
Median Price Change: -9%
Average Days On Market: 179
Inventory: 15 properties
Median Household Income: NA

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This 4,673 square-foot six-bedroom, four-bathroom home has hardwood floors, a fireplace, vaulted ceilings and a swimming pool. It is listed for $2,899,000 with Campi Properties.

Sloppy work again, Forbes.  This house is also in Los Altos, not Los Altos Hills.  And it’s only 4,367 feet, so you’re off by almost 300 sf.  It’s on Young Ct, off Summerhill, off Magdelena, off 280.  Talk about any easy commute, provided you don’t work anywhere near 101.

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#20 – 94010: Hillsborough

Median Home Price: $2,948,423
Median Price Change: 11%
Average Days On Market: 109
Inventory: 101 properties
Median Household Income: $82,188

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This 4,190-square-foot, six-bedroom, five-bathroom home has a double-height foyer, two-car garage, fireplace and swimming pool, and is offered at $3,095,000 by Alain Pinel Realty.

What the – 101 properties listed in Hillsborough?  Are there even 101 properties in Hillsborough?  Trick question!  The zip is shared with Burlingame!  And this listing on Eucalyptus was a trick, too.  Everything in the description lined up, and here I thought they were going to put it in the wrong city.

But who the heck buys a 6 bedroom house with only a 2 car garage?  Where will the servants park?

There’s plenty more zip code madness to come, in another installment.  Although if you’re buying things on installment, you’re priced out of these zips.  Forever.

Comments (39) -- Posted by: madhaus @ 5:05 am

February 25, 2010

Best value in Atherton – affordable housing is now possible

Beds: 2
Baths: 2
Sq. Ft.: 1,330
$/Sq. Ft.: $989
Lot Size: 8,500 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1922
Community: El Camino to Alameda
County: San Mateo
MLS#: 81005654
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 7 days
Complete renovation 2 years ago! Beautiful chef’s kitchen with granite countertops, stainless steel appliances, breakfast bar, & wine fridge. Living room with access to patio/lawn, 2 remodeled baths, dual-paned windows, hardwood floors, surround sound, and lutron switches with remotes.
Thanks to Burbed reader Herve for this find!
 
Wow. What an amazing value! Just $1.3 million dollars! And remodeled just 2 years ago – it’s even got lutron switches and hardwood floors!
 
Yes indeed, the affordable housing crisis is over. Even Atherton has affordable housing. Now, granted, it might not be affordable to low income folks… but most two or 3 adult engineer households can easily afford this.
 
Just think, with this house, you can proudly tell your co-workers that you live in the same city as so many famous Silicon Valley executives. Sure, your house might look a little different, but hey… it’s got room to grow. With a little touch up, this could easily shoot up to $2 million.
 
Finally, just think, located on El Camino Real, thousands of commuters each day will drive by your house, wondering who is so lucky to live in Atherton. And it will be you. Pride of ownership baby!
Comments (63) -- Posted by: burbed @ 5:24 am