September 17, 2010

An amazing deal in the Real Bay Area–Palo Alto!

$1,499,000

image

Beds: 4
Baths: 3.5
Sq. Ft.: 2,347
$/Sq. Ft.: $639
Lot Size: 7,840 Sq. Ft.
Property Type: Detached Single Family
Style: Mediterranean
Stories: 2
View: Neighborhood
Year Built: 2005
Community: Ventura
County: Santa Clara
MLS#: 81040389
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 24 days
Exquisite 5 Year Old Home with beautiful finishes through out. Custom built with formal entry, formal dining room with crown molding, coffered ceiling and wainscoting. The family room kitchen opens to the patio and backyard. Large master bedroom with balcony, walk-in closet and luxurious master bathroom with jetted tub. Groud floor bedroom with full bath. Neighborhood with new and upcoming homes!

Thanks to Burbed reader Brendan for this find!

Wow! Palo Alto for just $639! What an amazing deal! But wait… it gets better!

image

That’s right! The house is right next door to Boston Market! Dinner’s served! No wonder this neighborhood is new and upcoming!

Here’s some notes from Brendan:

    1. The next door neighbor is the boston market parking lot. The lot goes way back behind the property, has garabage and graffiti everywhere. I assure you it’s really great at night time.
    2. Behind the house is a stagnant creek that routinely stinks
    3. Busy el camino real is right there
    4. I’ve personally witnessed guys hanging out in the park near the house during the day rapping at the top of their lungs. NO JOKE

Oh… so it’s lively and colorful as well!

Why move to San Francisco when you can live on the the King of Roads & Boston Market!

Comments (48) -- Posted by: burbed @ 5:43 am






May 13, 2009

House available in the Bay Area for just $29,5000!

On The Block
Who said the Bay Area was expensive? House for sale: $29,500

It’s true that $30K barely buys you anything more than a grimy garage in most parts of the Bay Area, but it is also possible to buy a bona-fide home here for just $29,500.

846459784-tiny

Granted it’s a tiny home — very tiny, with a mere 7×18 ft footprint — but you have to admit it’s darn cute too.
The tiny house is described as a traditional cottage with a contemporary interior.

The tiny house is described as a traditional cottage with a contemporary interior.

Listed on Craigslist by its owners, this hand-built house is currently in Rohnert Park, Sonoma. But it’s on wheels so can be taken anywhere you please.

Its look is described as “traditional cottage styling with contemporary accents”. There’s a kitchen, a seating area, a (fold-down) table for eating, a (walk-in closet) bathroom and a sleeping loft — there’s even a fireplace for goodness sake. What more could you want?

The couple who are selling up have been living in the tiny house for more than a year, but plan on starting a family and feel to need to expand their surroundings (shades of Mayor Gavin and his wife).

Um. Sort of in the Bay Area. Sonoma?

Well that said, this is a great find. Thanks Brendan. I think we can all breathe a sigh of relief that affordable housing is being built for all those whiners out there. More importantly, this is something you won’t find in the Real Bay Area.

Too bad it doesn’t list the square footage – that’d be fascinating to find out. Just what is the price per square foot?

Comments (303) -- Posted by: burbed @ 5:00 am

May 15, 2008

Who lives here in Campbell? (When stagers attack!)

630 W Sunnyoaks Ave, Campbell 95008(Campbell)
$695,000


Status: Active
Bedroom: 3
Bathroom: 2&1/2
Year Built: 2005
Lot Size: 3484
Square Footage: 1630
List Date: 1/20/2008
Garage Spaces: 2

Description of 630 W Sunnyoaks Ave, CampbellNEW PRICE,3 YEARS OLD AND TOP CONDITION, hardwood floor main level, large covered side yard, granite counters,gas range, stainless frig & appliances.Designer carpet, easy rise staircase to stunning upstairs with 3 large bedrooms + laundry room. Skylight, upgraded plumbing,2 car attached garage. Best location for Los Gatos/Campbell shops and restaurants. Convenient to Hwy 85/17

Top condition indeed. Let’s take a look at some photos, and see why long time Burbed reader Brendan
sent this in:

OMG. Who lives in this house? Is it the Pope? (No, he lives in Willow Glen remember?)

Why, of course, Sherlock Holmes lives here! Just think, you come home from a long day of work at eBay as one of their fraud detectives, you take off your hat, put on your robe and puff away at your pipe. You admire the Greek and Roman antiquities you acquired – appreciating how they were all made in places like Shenzen. You sip on your glass of aged port and wonder… what is Moriarty294’s next move? Will he pose as a Nigerian buyer? A high ranking Nigerian military official? Will he collude with others to rig a sale? So many questions – and luckily you have strong deductive reasoning skills. After all, you deduced that this house would be a great buy!

You’ll then think about stagers, and what happens when you give them a bucket of money and say “Make my place look fantastic.”

Frankly, if these photos don’t sell you on buying this house? I don’t know what will.

UPDATE: Fixed a typo. Also, a Burbed reader reports that this actually isn’t staging – that this is how the place actually looks as per the seller. WHOA.

Comments (28) -- Posted by: burbed @ 5:14 am

September 22, 2007

Foreclosures skyrocket in the other Bay Area

Burbed Reader Brendan submitted this – sadly he was confused:

Bay Area foreclosure activity skyrockets
In the Bay Area, the number of houses scheduled to be sold on the courthouse steps quadrupled compared with a year ago, according to RealtyTrac, an Irvine company that sells foreclosure listings. In the nine-county region, 1,280 households were notified they were going on the block compared with 301 last August. By far the highest incidence of auction notices was in Contra Costa County, with 699 notices.

The number of homeowners behind on their payments hit 5,705 in the Bay Area, almost triple the 2,104 from last August.

The number of properties in the Bay Area that had reverted to the lender after foreclosure skyrocketed to 1,190 in August from 26 last year. Again, Contra Costa was most affected, with 574 bank-owned properties.

You see, that’s the other Bay Area. The Bay Area 2.0 is defined as Cupertino, Palo Alto, Los Altos and Mountain View. Places where they’re not making any more land, and where people become millionaires from stock options on a daily basis.

Nice try with your FUD tactics! Better luck next time!

Comments (5) -- Posted by: burbed @ 5:56 am

March 10, 2007

What's a reasonable price for a Bay Area home?

Burbed reader Brendan posed this  question in a post earlier today.

“In the Bay Area, we’re in a unique bubble … we’re not really seeing prices go down” — Burbed.com: Your Silicon Valley Home and Mortgage Insanity Blog
What do people think? will a nice home ever be able to be had in the Bay Area for 400k?

To answer this, we should look at the numbers.

First, let’s look at median income. In Cupertino, that’s $123,320 for a family.

Unfortunately if you’re looking to buy a house, you’re not competing with all the people who make up that median income statistic. There’s a lot of Pre-Prop 13 people still in Cupertino. You know, people who were born at the right time, and bought a place before 1978 – so they only paid $75,000 and only pay $1000 in property tax a year. They’re done paying off their mortgage and they might be retired, or be paid poorly and refi to help pay bills.

As a result, that median income statistic is skewed lower – which means that the actual median income is higher. Remember, you’re not competing against the low end of the income scale to buy a place.

It turns out that 11% of Cupertino is 65 or older (slightly higher that the California average) and there’s  a 4.8% poverty rate. So, using some fuzzy math, let’s say that the median income is actually 15% higher: $141,818

That seems about right too. A typical software developer gets paid at least $75k right? So two of those would be $150k. And remember, these are the people you’re competing against to buy a place.

Using this calculator, it turns out that a family making this much money can afford at least a $631,574 house using a standard mortgage (with a $100k downpay – not unrealistic either).

And that number assumes that the family is willing to spend 33% on housing payment! As we know, since the Bay Area is so perfect, you don’t need to go on vacation or anything, so you can actually spend more than that. And, I think we all know that people are more than willing to spend more – especially for a place that has a great (for California, not nationally) school district like Cupertino.

So there you go. My claim: a reasonable price for a South Bay Area home in a good school district is $6xx,xxx.

What do people think?

Click here to post a comment -- Posted by: burbed @ 12:25 pm