February 22, 2014

Low Income Housing… Marin Style

Thanks very much to Burbed reader Barbara for a look at what’s below median income in Mill Valley.

140221-tamalpais-redfin14 Tamalpais Commons Ln
Mill Valley, CA 94941
$328,555

HOA Dues: $308/mo.
0 Beds
1 Baths
400 Sq. Ft.
$821 / Sq. Ft.
Built: 2010
Lot Size: 401 Sq. Ft.
On Redfin: 5 days
Status: Active
HOA Dues: $308/month
Style: Contemporary
Community: Mill Valley
MLS#: 21403124
Property Type: Residential, Attached, Condominium/Coop/Other
Stories: 1
County: Marin

Welcome to Tamalpais Commons, a mixed-use ‘Build It Green’ luxury home development in central Mill Valley. This affordable studio unit is available to low-income buyers who earn $64,890 or less in gross income. The studio features southeast facing windows, maple floors, a full bath, a small balcony, a stacked washer/dryer, a range, dishwasher, and oven. This is an accessible unit and all appliances meet ADA guidelines.

Here’s Barbara on this Econobox:

Thought this might be worthy of burbed – $821/sq foot affordable housing

Yes, but it’s $821 a square foot affordable housing with really shiny floors.  And don’t forget the three hundred bucks for HOA fees on top of your $1317 a month mortgage!

Comments (3) -- Posted by: madhaus @ 7:01 am






June 17, 2013

A Burbed Classic Design Goes Upscale. Way Upscale.

A little more than a year ago we ran a house that had a most unusual addition.  Remember the Budget-Add-A-Room strategy?  Just back a cheap RV next to the house, and… instant extra living space!  Also instant addition to Best of Burbed!

Hey, for a hundred year old house in the East Bay, this is a possible solution to cramped quarters.  Now imagine what this would look like if some la-di-da designer got ahold of this idea and tried staging it to attract some Twithead with more money than taste or sense.  It would probably look like today’s featured listing.

Thanks very much to Burbed reader Michael Boltonestater for this rip-roaring reboot.

130616-norfolk-redfin55 Norfolk St #101
San Francisco, CA 94103
$599,000

HOA Dues: $400/mo.
1 Beds
1 Baths
— Sq. Ft.
Built: 1995
Lot Size: —
On Redfin: 17 days
Status: Active
HOA Dues: $400/month
Style: Modern/High Tech
County: San Francisco
Property Type: Live/Work Unit, Loft Condominium
Community: South of Market
MLS#: 408810

Think Big in this modern SoMa loft! Polished concrete floors, west-facing industrial windows, soaring ceilings make this live/work space special. Floor-to-ceiling glass windows w/ sliding door leads to private outdoor garden. Fire engine red spiral staircase leads mezzanine Master Suite w/ new carpeting, industrial railings, closet. Rare and unusual Winnebago nook creates a private, enclosed space. Kitchen w/ maple cabinetry, stainless steel backsplash, gas range, dishwasher, microwave. Full bathroom and storage area. Deeded parking and laundry in garage. Located at the western edge of SOMA, 55 Norfolk provides the best of SoMa nightlife, dining, shopping, tech companies. Access to shuttle buses, 101, and Bay Bridge makes commuting easy.

Hope you caught that: Access to shuttle buses. That means Google and Facebook, too!  Now, check out the rate and unusual Winnebago nook.

130616-norfolk-winnebago

Not too many listing photos have to come with safety warnings, either.

130616-norfolk-roof

You can tell from this view that unlike the Castro Valley house, this SF loft/condo had to cut things down. You’re only getting a quarter of a Winnebago. Maybe 3 other units also get the “rare and unusual” nook.

130616-norfolk-side

Note that the house with the entire RV went for above asking.

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

June 6, 2013

Live in a million dollar city… for under a mil

We just noted that the cost of a median single family house in San Francisco is now a million dollars. So we really appreciate this contribution from Burbed reader sonarrat, who found us a bargain in Baghdad by the Bay. (Warning: Old Herb Caen references indicate blogger is older than the dirt you won’t get with this property.)  Let’s see what’s selling in San Francisco!

130605-octavia-redfin51 Octavia St
San Francisco, CA 94102
$849,000

HOA Dues: $372/mo.
3 Beds
2 Baths
1,620 Sq. Ft.
$524 / Sq. Ft.
Built: —
Lot Size: —
On Redfin: 7 day
HOA Dues: $372/month
Community: Hayes Valley
MLS#: 408755
Property Type: Tenancy In Common
County: San Francisco

Elegant, remodeled 3 bedroom, 2 bathroom TIC on a tree-lined block in Hayes Valley. This is 130605-octavia-buildingan exceptional value for its size & scale. Living room with a decorative fireplace & pocket doors. Formal dining room with a built-in hutch. Large kitchen with stainless steel appliances & an exposed brick wall. Bathrooms with Carrera marble counters & a clawfoot tub. Private laundry room off the kitchen. A small office completes this home’s desirable floor plan. Gorgeous period details include softwood floors, high coved ceilings, & moldings. Lovely, bay windows with views of trees & the city. The unit has abundant natural light, good closet space & additional storage. A short walk to the Valencia St. Corridor, the Castro, Mid-Market, MUNI & BART.

Upcoming Open Houses

Sunday, Jun 9: 1:00-4:00 pm     Tuesday, Jun 11: 11:30-1:00 pm

130605-octavia-distressedNo land, and it’s a Tenancy In Common? What could possibly go wrong? Let’s ask sonarrat.

Burbed doesn’t visit the City by the Bay all that often, but it’s worth a visit now and again. And if you play your cards right, then you, too, might be able to enjoy the round-the-clock traffic jams, endemic vagrancy, picayune city ordinances, and high prices that make San Francisco so great. Because what says you’ve arrived better than living in a city that hardly anyone can afford to tolerate?

Aw, you say that like it’s a bad thing! Look at how this living opportunity is close to everything!

130605-octavia-aerial

If you’re providing services to mobile temps working from their cars (and seriously, who among us isn’t?), you can’t beat the location! You’re the first stop off the freeway!

Comments (4) -- Posted by: madhaus @ 5:01 am

April 23, 2013

T is for Terribly Taken photos!

BlogAtoZ-TYeah, we’re still Taken with this Blogging from A To Z Challenge, and if you don’t like it, Too bad. Um, we mean ‘Twill be all over next week. So let’s find That Typical Burbed post, where we contrast Things that don’t go Together. 

Today we’re Twist Terrific Terroir with Tired, dare we say Tortured listing photos? Let’s Take a Trip to Tiburon!

130422-redhill-redfin24 Red Hill Cir
Tiburon, CA 94920
$950,000

HOA Dues: $423/mo.
2 Beds
2 Baths
1,574 Sq. Ft.
$604 / Sq. Ft.
Built: 1990
Lot Size: 701 Sq. Ft.
On Redfin: 38 days
HOA Dues: $423/month
Style: Contemporary
View: Bay, Forest/Woods, Greenbelt, Hills, Lights, Mountains, Panoramic, Water
County: Marin
Property Type: Residential, Attached, Condominium/Coop/Other
Stories: Split-Level
Community: Tiburon
MLS#: 21305218

Highly desired Red Hill Circle. One way, private street. All prior sales minimum $1,000,000+ without upgrades or any remodeling done. Views are spectacular of Richardson Bay to Sausalito with full silhouette of Mt. Tam. Lots of entertaining and happiness here.

130422-redhill-living130422-redhill-glareIf all The prior Transactions were in seven digits, Then what The heck is wrong with This place? It can’t be just The Terrible pix, because There’s proof That There’s little To Tamp Bay Area Bubble 4.0 This Time!  Remember, buy now or be priced out forever!

130422-redhill-balcony130422-redhill-mirrors

Bunus: can you find The DHO in photo #19 (the last one)? Without upgrades or any remodeling done!

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

April 22, 2013

(Parking) Space: the final frontier. Of real estate.

BlogAtoZ-SIt finally happened.  One of our long-time regular readers (and we’re not going to Say which one) finally couldn’t take the Sadistic water torture of the Blogging from A to Z Challenge anymore, and wrote in to Snap about it.  But think about what it is we do here on this Site. We do things that make people Surly. So Sure, we got Someone Snippy about one of our Subjects? (Admittedly, one of our Subjects Strung out over even more time than the @*$(*$)*#(@!~ zip code lists.)  So Sorry about that.

Seems we’d Surely Show Some Superb Stuff after Seeing our Supporters in a Snit!  Say… Thanks very much to Burbed reader Michael Boltonestater for Sending this Speck of Sod in.

130421-townsend-redfin88 Townsend St
Unit P-124
San Francisco, CA 94107
$80,000

0 Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: —
On Redfin: 17 days
Property Type: Condominium
County: San Francisco
Community: South Beach
MLS#: 406606

The property for sale is an independant side-by-side parking space within the 88 Townsend building. It can be rented out to potentail tenants that don’t live in the 88 Townsend building.

Now we really have Seen everything.  Condo parking Spaces, Side by Side yet. Complete with the Superness of tenants from other buildings. Sign us up! 

Sh—! Pending!

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

April 17, 2013

Oh-Oh Or Oops in Oakland

BlogAtoZ-OWe’ll keep today’s Opening On the Outside, Only the Opposite.  Yes, it’s O day in the Blogging from A to Z Challenge, which means we Only do the letters in the Official Order.  On this day we Open Our ears, eyes and Other Orifices in the direction of Oakland. And we’ll keep this One sweet, as it’s selling shortly.

Or rather, it’s Opening On an Oversized Optimization for the Ordained Owner.

130416-peach-redfin9437 PEACH St
Oakland, CA 94603
$69,500

3 Beds
1 Baths
1,080 Sq. Ft.
$64 / Sq. Ft.
Built: 1985
Lot Size: —
On Redfin: 198 days
Type: Condominium
Stories: 1
Community: Oakland
MLS#": 40591208
Style: Ranch
View: Other
County: Alameda

Nice Three bedroom condo with a 1 car garage.

Didn’t they mean this One the Other way ‘round?  Looks like a nice One bedroom condo with a 3 car garage.  Only somebody Omitted the condo part.

If you Object that there’s no pictures of the condo at all (not even the Outside), we Offer the streetview and Orbital scape.  (As always, you have the Option click to Open a bigger One.)

130416-peach-streetview130416-peach-aerial

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

April 3, 2013

Contemporary Condo in Campbell!

BlogAtoZ-CWelcome to day #3 of the Blogging from A to Z Challenge! That means we’ve Crept up to letter C for Challenge.  C is also for County, as in Check County records (Cuz they’re Cocked up).  C is for California, where most all the real estate we look it Comes from.  C is for Committed, which you must be to purchase any kind of property in a bubble market. (Yes, C is also for Crazy.) And C is for suit Cases full of Cash!  Which you will need, as C is for what happens after B for Bubble: C is for housing Crash.

Let’s take a look at today’s Castle of Can-do, because it’s a Certain Cinch in the Celebrated Community of Campbell!

130402-2nd-redfin311 N 2ND St #2
Campbell, CA 95008
$325,000

HOA Dues: $215/mo.
2 Beds
1 Baths
903 Sq. Ft.
$360 / Sq. Ft.
Built: 1971
Lot Size: 2,000 Sq. Ft.
On Redfin: 6 days
HOA Dues $215/month
Stories 1-3 (Low Rise)
Community: Campbell
MLS#: 81309631
Property Type: Condominium
View: Neighborhood
County: Santa Clara

Popular McKeon #2 unit condo in great location in a private cul-de-sac and only a couple of blocks from downtown Campbell. Situated near the swimming pool and a park-like green belt. New paint and carpet. Southern exposure provides lots of natural light all day long. Low HOA dues that covers water and garbage.

We Can’t Cut the Cumulative Cuteness out of this Condo. Could you? Just feast your eyes on this Collection!

130402-2nd-entry130402-2nd-living130402-2nd-stairway130402-2nd-kitchen130402-2nd-space130402-2nd-garage130402-2nd-window

These Kodak moments so Cut to the Chase in Certainty: you Could afford to Close on this Crapbox!  Check your Checkbook, your Credit Cards, and the Comps!  Oh, and that “natural light all day long” Comedown Can be Cured Cum Curtains.

Comments (7) -- Posted by: madhaus @ 5:04 am

March 9, 2013

Is the Bay Area in another Housing Bubble? Will the Next Pope be Catholic?

We’ve made the call on Bay Area Bubble 4.0, now we’re just lining up the evidence.  Palo Alto began heating up and blowing past peak pricing last year.  The proof of another housing bubble, though, is when the increasing prices and the bidding frenzy and the sales velocity measured in Hours on Market rather than Days and the large number of listings marked Pending/Do Not Show start overwhelming the Not So Special parts of the region.

Here is Evidence For a Bay Area Housing Bubble #1,726: Frenzy for condos.  CONDOS.  In MILPITAS.

Bay Area condos’ tight supply has buyers scrambling

130308-condos-constructionBy Pete Carey, San Jose Mercury News
Posted:   02/18/2013 04:00:00 AM PST | Updated:   02/18/2013 08:19:38 AM PST

The Bay Area’s market for condominiums and townhouses has seldom been hotter. Existing units are selling in record time with multiple offers, and new ones are being snapped up before there’s even a model home to see.

Just ask Niha Singh. Last month, Singh, a 27-year-old Silicon Valley computer engineer, and her husband tried to buy one of 12 units in a new townhouse development under construction in Milpitas. Even though they’d car-camped outside the developer’s office, they ended up on a waiting list.

130308-condos-new"When we got there on Friday, there was already a line," she said. "People were camping out, some of them for six days before the date of release."

Across the Bay Area, buyers are fighting for a limited supply of new and existing condos. Investors have already snapped up many foreclosures and short sales and are renting them out, while owners who might sell in a typical market are either still on the sidelines watching prices rise or are underwater and can’t afford to sell. And demand has been growing.

Wasn’t it just a couple of years ago we were reading about condo complexes that had reverted to all-rental buildings (also known as apartments)?  Why yes, it was.  But obviously Milpitas is Much More Special than Downtown San Jose.  Also Three Sixty is Five days short of even a Regular Year.

People camping out for five days in front of a Milpitas development not enough? Want more evidence of Bubble 4.0?  You think a seller’s market in Milpitas condos is reaching?  At least Milpitas is in the same area code as Google.

Condos in Castro Valley sold in 11 days in December, compared with 82 days in 2011, the Bay East Association of Realtors reported. In Pleasanton, the average number of days on the market dropped from 52 days in December 2011 to 10 days last December.

Castro Valley.  You know, Gateway to Hayward, City of Diversity.  We’re putting in our sell order when Stockton comes back.

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

March 7, 2013

The Rock: No unit above

That’s right, there is no unit above or better than this Mountain View maisonette.  Read on to find out why!  Warning: sale may have closed already.  Our thanks to Burbed reader LomaLuvr.

130306-rock-redfin1939 Rock St #17
Mountain View, CA 94043
$325,000

HOA Dues: $299/mo.
1 Beds
1 Baths
697 Sq. Ft.
$466 / Sq. Ft.
Built: 1963
Lot Size: 2,917 Sq. Ft.
On Redfin: 7 days
HOA Dues: $299/month
Style: Contemporary
View: Neighborhood
County: Santa Clara
Property Type: Townhouse
Stories: 1-3 (Low Rise)
Community: Rengstorff
MLS#: 81306070

Rebuilt in 2006 * Charming1 bedroom Condo * Closed to Google * Quiet 19 units community * No unit Above * Gorgeous Kitchen w/ Granite Countertop, Cherry Cabinet, SS Microwave & Refri. w/ Tile Fl. * Family Rm w/ Recess Lights & Crown Molding * Master Bedrm. w/ Ceiling Fans & Closet * Private Backyard * Cheerful Bathrm w/ Tiles, Vanity, Granite countertop, SS faucet * Indoor Laundry * One covered & One Guest Parking

Nothing like a rebuilt place that where you can take one look at the kitchen and say, yup, rebuilt in 2006.  Definitely 2006.  Added bunus: kitchen cabinetry matches the landscaping.  Only in the Bay Area do we have homes so Special that they’re staged with that degree of fit and finish.

130306-rock-kitchen130306-rock-yard

All this, and closed to Google too!

Comments (14) -- Posted by: madhaus @ 5:04 am

February 24, 2013

NOW is the time to buy or sell a house!

The National Association of Realtors (NAR) isn’t known for deep thinking.  After all, this is the group that brought you David Lereah, America’s very own Baghdad Bob on the topic of forecasting home values.  But let’s take a closer look at the idea that NOW is always the time to buy. After all, if now is not the time to buy, then now is the time to sell.

Turns out NAR has that one covered.  They’ve got a list of the best places to buy and sell, NOW.  And guess where is the time to sell NOW.

That’s right.  Where it’s Special.

Asheville, NC Tops Best Places To Buy In 2013

Real Estate News   |  Feb 14, 2013   |  By: Lexie Puckett | Realtor.com

130222-nar-ashevilleThe new year started on a positive note in January, with inventories at record lows and list prices holding steady on a year-over-year basis. Whether this shows a continuation of the nascent housing recovery into 2013 will depend on a variety of factors, including the strength of the overall economy, the cost and availability of mortgage credit, consumer expectations regarding future housing prices, and the success of continuing efforts to stem the flow of new foreclosures.

If inventories remain low — and if list prices begin to rise during the next few months, as they did last year — conditions are ripe for additional house price appreciation in 2013. However, such gains are likely to be concentrated in markets already well into their recovery process, such as California, Phoenix, Seattle, Washington, D.C., and many sand states. Markets in the older industrialized parts of the Midwest and the East will likely continue to struggle without a significant turnaround in their local economies. However, if inventories in these areas remain high, it could effectively set the stage for further declines in housing values in these local markets.

2013 Best Places to Buy and Sell

With two months remaining before the home-buying season opens, sellers have a huge advantage. In tight markets, such as the top five “Best Places to Sell,” sellers benefit from better prices than they’ve seen in years. In our five “Best Places to Buy,” buyers will find plentiful inventory and prices that haven’t experienced the increases others have seen during the past year.

So wait, are they saying that there actually exist places where NOW is not the time to buy? Well… no, because they would never want to prevent suckers from giving them money interfere with the free market.  Also commissions.

Here are NAR’s Top 5 Best Markets to Sell a House NOW.  Except they didn’t say NOW, but you KNOW it’s THERE.

130222-nar-sacto1. Sacramento. No, really. Inventory dropped even more than here where it really is Special, leading to price increases of (get ready to scream) 40%.  You forgot to invest in Sacramento last year, didn’t you?

2. San Jose.  Prices are up 25% here and inventory isn’t exactly generous. But unlike Sacramento, San Jose wasn’t rebounding from a complete price collapse.

3. San Francisco. They’re just copying us, and not as well.

4. Phoenix. See Sacramento. Inventory is down 16%, but so what? They simply make more land. What they can’t manage to make more of here is water.

5. Washington, DC. “With a median price of $429,900, D.C. is one of the nation’s priciest markets…”  Right, NAR.  You want to see what you can get here, where it’s actually Special, for $430,000?  This.

130222-nar-sheriann1889 SHERI ANN Cir
San Jose, CA 95131
$429,950

HOA Dues: $202/mo.
2 Beds
2 Baths
1,157 Sq. Ft.
$372 / Sq. Ft.
Built: 1993
Lot Size: 435 Sq. Ft.
On Redfin: 1 day
Status: Active
HOA Dues: $202/month
Style: Contemporary
View: Neighborhood
County: Santa Clara
Property Type: Condominium Stories: 1-3 (Low Rise)
Community: Berryessa
MLS#: 81305233

Upcoming Open Houses

Saturday, Feb 23: 1:30-4:00 pm
Sunday, Feb 24: 1:30-4:00 pm

Dwnstrs condo has bright & open flr plan. Newer carpet, hrdwd flrs in entry & ktchn. Interior has been freshly painted. Spacious patio off of lving rm. Gas stove, dual sinks & recessed lights in Kitchen. Mster bdrm has it’s own patio, walk-in closet, recently updated bthrm, 2 sink vanity. Attchd 1 car garage w/ laundry. Community has large pool, spa, sports court, bbq/picnic area. Great location.

And by “Great location” they don’t really mean “great location.”  Yesterday’s house was “great location.”  This place is “You’re less likely to get shot than on Story Road.”

Now, lest you think all those California metros filling in the first 3 on that top 5 list are some big honking coincidence, here’s some data ripped straight out of NAR’s January Trends report.  The blog entry linked above is distilled from this longer report.

130222-nar-inventory

It goes on to confirm what we already knew: It’s Special Here. Then again, it’s even More Special in Sacramento.  Want to know where else it’s surprisingly Special?

130222-nar-dom

Anyone who doesn’t see Bubble written all over these tables simply is not paying attention.

Comments (7) -- Posted by: madhaus @ 5:03 am