March 22, 2012

Centrally located in San Carlos!

Today’s luxe listing is all about location, location, location!  Many thanks to Burbed reader Overheard in San Carlos for passing along this plum place!

664 CHESTNUT St
San Carlos, CA 94070
$850,000

120320-chestnut-redfin

BEDS: 3
BATHS: 2
SQ. FT.: 2,920
$/SQ. FT.: $291
LOT SIZE: 7,350 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Mediterranean
STORIES: 2
VIEW: Neighborhood
YEAR BUILT: 1950
COMMUNITY: Howard Park
COUNTY: San Mateo
MLS#: 81207068
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 25 days

CHARMING 3 BEDROOM, 1.75 BATH HOME W/ FRM, HDWD FLRS THRU-OUT & 2 CAR TANDEM GARAGE. SPACIOUS LIVING RM W/ BRICK SURROUND FRPLC. SEP FRML DINING RM W/ ARCHED DOORWAY. RETRO 50′S STYLE EAT-IN KITCH W/ TILE COUNTER TOPS, PLENTY OF CABINETS, FREE STANDING RANGE/OVEN & REFRIG. 3 NICE SIZE BEDRMS ON MAIN LEVEL. DWNSTRS FULL BASEMENT W/ LAUNDRY AREA. 7350 SQ FT LOT/ZONED RM59

120320-chestnut-floorHRS OF ENTRTNMNT INSD & OUT.

BUNUS: RM-59 ZNG = “MLTPL FAM MED DNSTY.”  Which is great, because this place already looks more like an APT HSE.

IDEAL LOCN, WLK 2 LIB, CTY SVCS DWNTWN, CLS 2 EVRYTNG.

ESPLY POLCE STN.
120319-chestnut-satellite

Comments (13) -- Posted by: madhaus @ 5:04 am






March 15, 2012

Move in conditions in San Jose

Here’s a peach of a property courtesy of Burbed reader Swan, complete with an agent who ought to look into some alternate nicknames.

1980 HEATHERDALE Ave
San Jose, CA 95126
$475,000

120313-heatherdale-redfin

BEDS: 4
BATHS: 2.5
SQ. FT.: 1,550
$/SQ. FT.: $306
LOT SIZE: 6,360 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1946
COMMUNITY: Santa Clara
COUNTY: Santa Clara
MLS#: 81208684
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 6 days

Move in conditions, up dated kitchen and baths. Well maintained 4 bedrooms plus one additional master bedroom. Large level back yard , 2 car side by side. Apartment complex at back of this house. Short sale , 2 lender’s ( 2 loans )

120313-heatherdale-livingroomHere’s what Swan thought about this place:

I came across this listing today and found it possibly Burbed-worthy.  First, the realtor’s name is Lucky Chan.  In my experience, any person or animal named Lucky is usually the opposite.  This realtor should change his name to Honest.  He is very honest in the listing:  apartment 120313-heatherdale-yardcomplex at the back of the house (yup, sure is), short sale (have fun looking at the price history on Zillow), and two lenders (that can’t be good).  Last we have "2 car side by side."  Do the cars come with the house?  Where are the lucky 8s in the price?  Anyway, someone buy this quickly so Lucky can get lucky. 

120313-heatherdale-backFor a short sale, this property is in surprisingly acceptable shape… that is, for what little we get to see of it.  I do wonder why, given how little clutter was left in the yard, why we’re looking at any of it.  It would have taken all of 2 minutes to move that ladder and the blue ball out of the frame above, and another 2 for the small collection of patio crap at left.  I guess it was easier to simply go for the soft-focus effect.

And Honest, or Lucky, could have been even more honest by telling us about this home’s excellent location, location, location.  Not only is there an apartment complex behind it, you’re also really close to transportation!

120313-heatherdale-satellite

Plus let’s take a quick peek at the neighborhood.

120313-heatherdale-streetview

Awesome!  A gated home next door, plus on-street parking is at a premium.  Looks like you’ll be having all kinds of spirited discussions with your neighbors! 

All this and a house old enough to collect Social Security.  Maybe you’ll get Lucky, too.

Comments (10) -- Posted by: madhaus @ 5:08 am

March 5, 2012

Close to parks, schools, shopping and easy freeway access!

We still have plenty of fantastic finds from Burbed reader sonarrat to share with you, so let’s see what’s waiting for you in the Campbell neighborhood of sunny San Jose!  Looks like another fine feature from the bank vaults!

3624 MOORPARK Ave
San Jose, CA 95117
$439,900

120303-moorpark-redfin

BEDS: 3
BATHS: 2
SQ. FT.: 1,143
$/SQ. FT.: $385
LOT SIZE: 4,444 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1955
COMMUNITY: Campbell
COUNTY: Santa Clara
MLS#: 81150615
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 78 days

REDUCED PRICE! Spacious home with good layout! Updated kitchen with granite counters, granite island and stainless steel sink and appliances! Hardwood and tiled floors, great backyard for entertaining. Located close to parks, schools, shopping and easy freeway access!

120303-moorpark-livingroomHere’s what sonarrat thought about this house:

location location location – busy street, San Tomas Expressway, and 280.

Wait, don’t you want to admire the, um, interesting choice of paint in the living room?  No?

Okay, then let’s have a good look at that location, then.

120303-moorpark-satellite

Win-win-win!

Comments (9) -- Posted by: madhaus @ 5:06 am

December 7, 2011

A Whole Lot of Nothing in San Jose!

Remember all those listings that said “value is in the land”?  Burbed reader Swan has sent in a parcel that’s going to stress-test that theory.  Thanks a “lot” Swan!

0 PEACHTREE Ln (Unable to map), San Jose, CA 95128
$298,000

image

BEDS: –
BATHS: –
SQ. FT.: –
LOT SIZE: 7,560 Sq. Ft.
PROPERTY TYPE: Residential Land (Single Family)
COMMUNITY: Santa Clara
COUNTY: Santa Clara
MLS#: 81119634
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 215 days

To be sold with Lot 274-35-075 Approx 11,600 sf total. Price is for both parcels. ADDRESS SHOULD BE 0 CHERRYSTONE DR. ACCESS TO PARCELS IS FROM THE CORNER OF BASCOM AVE & CHERRYSTONE DR. PARCEL 2 IS BEHIND PARCEL 1 THRU CHAIN LINK FENCE.

imageHere’s why Swan sent this vacant lot in:

This is a lot for sale in my neighborhood.  The map link on the agent’s website does not take you to the correct location.  Use Google Maps to map 2012 Cherrystone, San Jose 95128The lot is next to the home, right along Bascom Ave.  It’s a very long and skinny lot. 

First, I can’t imagine anyone paying $298K for this though it does have *easy freeway access.*  Second, the lot is 7500 square feet which is decent for our neighborhood, but I have no idea how you’d fit a house on this lot!

Nonsense, this is a fantastic opportunity.  These parcels are in the thick of the teeming vitality that makes Silicon Valley such a Special place to live!  Nothing could be finer than this location, location, location! 

image

And wouldn’t you love to live on the corner of Cherrystone and Bascom, so convenient to the freeway!  Why hasn’t this been snapped up ages ago?  It includes a CHAIN LINK FENCE.

imageDon’t worry that the agent put the wrong address for the parcel into MLS and “corrected” it in the listing copy.  That way it’s a secret private deal, just for you, or only those “in the know” who use Google.  Kind of the way 0 Peachtree is a secret, private lot. 

Maybe this listing is like the Mountain View three for one on Monday.  In today’s case, it’s a BOGO.  Or a BOGZ.  Or if we label it for locality, since it’s in the United States, a BOG-US.

Comments (9) -- Posted by: madhaus @ 5:09 am

December 6, 2011

BLACK FRIDAY DEALS: Cheapest House in Santa Clara!

We’ve done with our whirlwind tour of the cheapest home in every Bay Area County (plus Santa Cruz).  But what about our favorite cities?  We can’t leave them without a big ol’ Burbed hug! 

Go West, young man, west of San Jose over to the delightful city of Santa Clara!  Don’t get lost, now, because when you go West in San Jose, that means taking 101 or 280 NORTH.  But don’t actually go North.  You’ll end up in Alviso, and we’re headed there another day.

Today: The Mission City!  Tomorrow: The World!  Muhahahaha!

1647 LAFAYETTE St, Santa Clara, CA 95050

image

BEDS: 2
BATHS: 1
SQ. FT.: 988
$/SQ. FT.: $302
LOT SIZE: 9,000 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1920
COMMUNITY: Santa Clara
COUNTY: Santa Clara
MLS#: 81144289
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 47 days

Short Sale As Is with only one Lender. Nice floor plan with a large back yard. This charming home is a fixer upper, located in a central location of Santa Clara. Easy access to highways, Santa Clara University and within walking distance to the surrounding business places, shops & restaurants.

Don’t let that Pending status worry you, it’s Pending With Release!  That means you can slip in a non-contingent offer, even better if it’s all-cash.  But don’t plan on getting to see the inside until you take possession.  Here’s another view courtesy of Google.

image

And when the agent said centrally located, she wasn’t kidding!

image

Sold for $474K in 2003, that’s $175K in instant equity waiting for you!

Comments (4) -- Posted by: madhaus @ 4:06 am

November 30, 2011

tiki hut with tropical look and feel

Today we have a short but sweet guest post from z2amiller!  It’s another luscious listing in the location, location, location land of Mountain View, but this time z left the confines of the immediate neighborhood and found us something even better.

Unfortunately it was sent over the transom as a PowerPoint slide deck.  Given how close this house is to a thriving commercial district, you should be jumping on it as a Web 3.0 opportunity.

Please give z2amiller a big, warm and profitable Real Bay Area welcome as today’s Guest Blogger!


911 BORANDA Ave Unit A, Mountain View, CA 94040
$594,500

image

BEDS: 2
BATHS: 1
SQ. FT.: 523
$/SQ. FT.: $1,137
LOT SIZE: 3,160 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Cottage/Bungalow
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1900
COMMUNITY: Miramonte
COUNTY: Santa Clara
MLS#: 81144771
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 39 days

Cute cottage style bungalow with nice size backyard. .. tiki hut with tropical look and feel. .. perfect for entertaining. Property is walking distance to downtown Mountain View. Gorgeous kitchen, with cherry wood cabinets, newer stainless steel appliances, granite counter tops, and beautiful hardwood floors.

This one made me WTFOL (WTF out loud): @ ~600K

  • 523 sqft (Not counting the tiki hut! Tiki hut?)
  • 523 sqft house with a $100K kitchen (stainless steel, granite, cherry cabinets)
  • Bedroom Desk (picture 7, with laptop) is a Costco steel wire rack – with 523sqft you have to think vertically!

image

  • Okay actually the tiki hut is kind of awesome (photos 11-14)

imageimage

  • Only a short block away, and more importantly, downwind from Clark’s Hamburgers – your tiki hut will always smell like fresh hamburgers!
  • Appears to be in the backyard of a strip mall with a tattoo parlor (Revolution Ink)
  • Look at the shape of that lot!   Maybe 3100 sqft but at it looks like about 1/3 – 1/4 of that is useless.

image

Sorry no time for a full write up, only bullet-point snark ;-)

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

November 15, 2011

Theory of Relativity in Real Estate

Today we’re taking a trip to the upscale community of Saratoga, thanks to Burbed reader REshrink.  The initial write-up was originally shared on patrick.net, but REshrink thought they’d be perfect for Burbed.  Add in a visit at the Open House and we hope you agree that these pricey Eichlers make for a great Guest Post.

Neither of these Saratoga listings had sold when this column was sent in, now both are pending!  Be sure to place your bets on their selling prices.  And now, please give REshrink a big, warm Real Bay Area welcome to today’s front page.


19201 SHUBERT Dr, Saratoga, CA 95070
$1,399,000

image

BEDS: 4
BATHS:4.5
SQ. FT.: 2,840
$/SQ. FT.: $493
LOT SIZE: 0.32 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1964
COMMUNITY: Saratoga
COUNTY: Santa Clara
MLS#: 81141806
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 41 days

Gorgeous Atrium Model Eichler Home on Corner Lot! * 4bds/4.5bths, Plus Office & Workshop * Spacious Living & Dining Area w. Vaulted Natural Beam Ceilings, Tile Flrs * Gourmet Kitchen w. Large Island, Gas Stove & Lots of Counter & Cabinet Space * Open Family Room w. Fireplace * Master Suite w. Private Courtyard * Indoor Pool w. Solar * Foam Roof * Remodeled Baths * Indoor Laundry * Great Location & Saratoga Schools!

imageJust when you are trying to think if this house has been priced accurately at $1,399,000 (last sold in 2004 for 1.1 M) , a similar listing shows up with a price tag of $1,649,000 (19168 De Havilland Drive, pictured at left, last sold in 2003 for $1,488,000).

Is it a coincidence that these two homes are “perpendicularly” next to each other and have similar architectural styles?

Hmmm…why would an agent advise the owners of De Havilland to bring their home in market at a time when a similar property next door is priced approximately $250K lower. I acknowledge that the backyard of Schubert abuts a busy street, but $250K more, really. I will never pay $5.99/lb for tomatoes in Whole Foods if I know they are selling for $3.99/lb in Trader’s Joe next door. I know, I know…it is a bad analogy. After all, you don’t need a jumbo loan to buy tomatoes.

image

Moreover, the Schubert property came to the market only 18 days ago. Therefore, it is not like it has been sitting for 6 months and the owners at De Havilland got tired and decided to list their home a month before the holiday season, A.K.A. slow-real-estate season.

imageWhat kind of business decision goes in putting a home in the market for a price tag that is significantly higher than the neighboring home? If you read carefully at the listings for both homes, you will find the answer. Both these homes have something more in common; they have the same listing agent. It seems the property on Schubert, which now looks like a bargain at $1,399,000, is being marketed at the expense of De Havilland. So, buyers don’t delay or you will miss the deal at Schubert; that is if you can get past the bidding war in an attempt to get it for at least $1.5M, which is still $150K lower than the competition.

Any guesses what will happen to the pricing of De Havilland after Schubert is sold? Just go back to the owner of De Havilland and tell them that they should lower the price to whatever-Schubert-sold-for.

Am I the only one who wants to sympathize with the owners of De Havilland property?


imageAddendum: I ended up going to the open house for the Schubert property. The agent proudly explained the updates the current owner made in the kitchen. The cabinets are indeed new but they are Ikea Adel. Please don’t get me wrong as I am a big fan of Ikea, but an increase of $300K since the last sale ($1.1M in 2004) is hard to explain by Ikea cabinets. As for the appliances, the refrigerator does not make ice, and the garbage disposal has been disconnected as it keeps getting clogged. Besides, the only fireplace in the house is now non-functional.

imageAlso worth mentioning, the whole house smelled of Chlorine (from the indoor swimming pool). This stands in contrast to the real estate agent’s false claim about the house having a salt water pool.  The agent tried to mask the cheap-motel-chlorine-swimming-pool-smell by baking garlic-chicken in the oven during the open house. May be, the agent should have followed the traditional route of baking cookies. While the smell of Chlorine was enough to trigger my migraine, I found a few people leaving right away as the smell of garlic was nauseating.

imageSo, here is a wonderful Ikealer, I mean an Eichler for you to buy for $1,399,000 only. As most people might know, the attraction of any Eichler is their architectural philosophy of bringing outside indoors, Well, this purpose has been well achieved in this particular Eichler. The outside noise from Cox Ave can be heard inside the home in its full glory.

 

Comments (8) -- Posted by: madhaus @ 5:02 am

November 3, 2011

Move in with confidence!

Here’s another bubblicious find from Burbed reader nomadic!  This is a delightful Los Gatos home, so well-situated that hundreds of people will drive by every hour to admire it!

 

14540 BLOSSOM HILL Rd, Los Gatos, CA 95032
$948,000

image

BEDS:4
BATHS: 2.5
SQ. FT.: 2,193
$/SQ. FT.: $432
LOT SIZE: 0.29 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1967
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81142627
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 26 days

Wonderful home in Los Gatos on xx-lg-lot presents everything a buyer is looking for. Remodeled home with granite kitchen, wood floors, open living areas, architectural details of scalloped arched ways, crown molding, inset lighting and lots of natural light, dual-paned windows, large 2.5 baths with double sinks, large master with 2 closets, bonus vanity. Easy commute access. Move in with confidence!

imageHere’s what nomadic had to say about this house

Failed flip, foreclosed, for sale.  A realtard bought this place in ’06 and did all of the renovation work.  The bank ate the loss in ’08.

These people have done nothing to the house since buying it 4/09.  It’s on a busy street with a freakin’ traffic signal in the front yard.  But they figure it has appreciated 30% in 2-1/2 years.  I expect this to linger on the market for many months to come unless they get real about the price.  They would be phenomenally lucky to get $800k; more realistically, $750k-ish.  Look at the awesome street view.  Just to the right is an assisted-living facility; at least the neighbors will be quiet.

That is one amazing default Streetview shot.  I’m wondering about just how wide-angle a lens they must have used to take that picture above from the sidewalk.

image

And you just can’t beat the feng shui of a T-intersection with another arterial.  That means all that commerce and prosperity is going to flow right into your house.  Or is it out of your house? And speaking of out, here’s the assisted living facility next door.

image

If you have allergies, this is a great neighbor to have: 80% of the front lawn is paved.  But back to the feng shui, if these residents need assistance to live, does their health flow into your house or the other way ‘round?  This is like Cations and Anions, I can never remember which is which.  But as long as both are flowing in or out, you’ll either get commerce or health!  Make an offer with lots of 8s in the price and move in with confidence!

Comments (18) -- Posted by: madhaus @ 5:04 am

September 20, 2011

Gasp! Foreclosure in the Former RBA!

Say it isn’t so!  A little bird tells me this place is going to be auctioned off soon.  Lots of homes are foreclosed on these days, but not many have the pride of place this one did.

 

633 COLERIDGE Ave, Palo Alto, CA 94301
Last selling price $1,585,000 in Dec 2005
Auction Price: $1,262,250

image

BEDS: 4
BATHS: 3
SQ. FT.: 2,400
$/SQ. FT.: $660
LOT SIZE: 6,696 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Country English
STORIES: 2
VIEW: Neighborhood
YEAR BUILT: 1945
COMMUNITY: Old Palo Alto
COUNTY: Santa Clara
MLS#: 80531585
SOURCE: MLSListings
STATUS: Sold

Lovely 2 story English style in Old PA on a cul-de-sac near Walter Hays Elemen School. Spacious w/ gleaming hdwd, new paint, family rm/kit combination. Lge LR w/ beam ceilings 2 outside patios-reared gd fenced. Driveway at rear. Garage

Say it isn’t so!  The FBs are so down on their luck they have to use abbreviations in their listing, too!  And this house has such a convenient location, gently tucked into the corner near Middlefield and Embarcadero.  You can go ANYWHERE from there!

Here’s the auction information:

image

Whoa, that’s this Friday!  And it’s got a Zestimate of $1.94 million, so this is a no-brainer!  Now, the plot thickens, because both Redfin and Zillow say it’s off the market, with last sale in 2005.  But lookie here:

image

 

Instant equity ka-ching! Bring your cashier’s checks and come on down to San Jose, because this one is going, going, gone soon!

Comments (22) -- Posted by: madhaus @ 9:15 am

May 31, 2011

Shenanigans with Short Sale in Old Palo Alto

Here’s a find from comments, from Burbed reader San Matean,  San Matean wants to know what kind of games the bank is playing with this short sale in Palo Alto.  We know that a short sale means “selling shortly,” but going pending the same day it’s listed sounds more like an inside job.

1520 Middlefield Rd, Palo Alto, CA  94301
$829,000

image

BEDS: 3
BATHS: 2
SQ. FT.: 1,500
$/SQ. FT.: $553
LOT SIZE: 5,600 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Spanish
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1930
COMMUNITY: Professorville
COUNTY: Santa Clara
MLS#: 81123457
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

Location! Location! Location! The following was remodeled in 1997 Kitchen; Master Bathroom; 2nd Bath; Hardwood Floors underneath carpeting. Newly Landscaped rear yard. Large Kitchen great for gathering. Enclosed front with beautiful park like setting.

Wow, they were in such a hurry to “list” this property they didn’t even bother including any photos.  It isn’t any different on the agent’s own site, so let’s take a peek at the Googlecam.

image

Not bad, although this is an 80 year old house.  It may need new light bulbs and Drano.

image

It also looks like some other building has preempted the back yard.  The property lines suggest that this house and its next-door-neighbor have gone halvesies on their own meth lab:

image

image

Back to San Matean’s concern: this property was listed and went pending the same day.  That’s not the real puzzler, though. This house is in 94301, a Really Special Place, yet not only didn’t it double in ten years, it actually may have lost value.  Unless, of course, the bank decided that the overbidding would take this house right where it needed to be.

imageAnd the reason this house is now essentially owned by the bank, instead of the couple who bought it with a $706.5K conventional variable mortgage, is they refinanced it in 2005 for $962.5K (also variable). They must have liked the extra cash so much that they did it again a year later.  In 2006, the purported owners became FBs when they refinanced with a variable first mortgage of $990K, and a variable second mortgage of $198K, or $1,188,000 total.  That is, coincidentally, just $17,500 more than this place’s current Zestimate.

So, our question for you, Burbed readers: How much do you think this house sold for? We have so many fun factors in the mix: Busy street, around the corner from an even busier street (Embarcadero), bank owned property, mystery structure eating up a couple back yards, asking price a whopping 30% below the Zestimate, and a transaction that not only doesn’t look arms’ length, it suggests someone has a banker by the balls.

Comments (52) -- Posted by: madhaus @ 1:36 am