Let’s return again to our roots and feature one of the homes that Burbed was best known for. Have a look at this spacious place while we take a good look at some prices.

418 ALDEN St
Redwood City, CA 94063
$390,000

1 Beds
1 Baths
640 Sq. Ft.
$609 / Sq. Ft.
Built: 1925
Lot Size: 5,000 Sq. Ft.
On Redfin: 18 days
Property Type: Detached Single Family
View: Neighborhood
County: San Mateo
Stories: 2
Community: Lenolt
MLS#: 81312880

NEW KITCHEN WITH GRANITE COUNTER TOP, NEW WINDOWS, NEW BATHROOM. CONVENIENTLY LOCATED CLOSE TO SHOPPING, FREEWAY AND TRANSPORTATION.

For $390K, you’re only going to get one GRANITE COUNTER TOP and one NEW BATHROOM and zero photos of either. But that’s not the only reason we’re featuring this delightful dwelling.  Have a look at the listing from the last time it went on the market, as a short sale.

418 ALDEN St
Redwood City, CA 94063
Sold for $239,000

1 Beds
1 Baths
640 Sq. Ft.
$373 / Sq. Ft.
Built: 1925
Lot Size: 5,000 Sq. Ft.
Sold On: Jun 10, 2011
Property Type: Detached Single Family
Community: Lenolt
MLS#: 81053292
Stories: 2
County: San Mateo

SHORT SALE. SALES PRICE AND COMMISSION SUBJECT TO LENDER’S APPROVAL.

Just because the price went up 63 percent due to a GRANITE COUNTER TOP doesn’t mean we’re in a bubble. 

Why, just take a look at the price history for this palace.  We have a lovely little line graph for you as well as the screenshot from Redfin.

Obviously there’s no Bubble 4.0 in this part of Redwood City, because it was completely derailed after 2006. All the dots on the graph are sales except for the last one on the right, that’s the current asking price.

Do you have any doubt where this investment is heading? In case you don’t, the house itself has the answer for you.

We’re almost done With the Blogging from A to Z Challenge, and Wow is our Website Woozy.  What Will our readers Whine about When it’s gone? No Worries, some of you Wonder Why it Wore out its Welcome While others Winked at how Wonderful the Words Were.

Well… let’s move on to today’s featured home. It’s in one of Realest of the Real Bay Area areas, home to many famous Silicon Valley startup billionaires. Now it can be home to you as Well, and even at an Welcome asking price!

439 GLENWOOD Ave
Woodside, CA 94062
$888,000

1 Beds
1 Baths
480 Sq. Ft.
$1,850 / Sq. Ft.
Built: 1933
Lot Size: 0.34 Acres
On Redfin: 6 days
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Cottage/Bungalow
Community: Woodside Glens
MLS#: 81312849

A Rare and Most Unique Opportunity2Bld Your Dream HM or Acquire a Cottage HM Retreat in Coveted Woodside Glens!Revive 2 Fxr Upr Cottages, or Pave the Way for Your NU LUX RES!This Desirable Prop offers 15,000 SQ FT of Wooded Serenity w/ an End of the Road Culdesac Lctn!Approx. 4 miles from Canada Road, EZ Ingress/Egress. Minutes 2 Town Village & Top Rated Woodside Elementary Schl!Super EZ Cmt2H-280!

Upcoming Open Houses

Sunday, Apr 28: 2:00-4:00 pm
Sunday, May 5: 2:00-4:00 pm

This may be the first property in Woodside to have its listing copy composed entirely in tweets.

Wow, What’s this? Woodside is known for huge spreads on acres of land. Today’s house is only oversized When compared With this cabin in the Woods.

Wait, there’s more (bunus!): Court confirmation may be required. Whee!

Today’s featured Villa is brought to you by the letter V. Yes, the danged Blogging from A to Z Challenge has not been Vanquished yet.  Verily, we have a Vague suspicion that some are Vexed that we’re skipping over the Rodney Dangerfield of the Bay Area, Vallejo. We feel Vallejo’s been Vanquished and another Village needs the Vital exposure this site gives to Bay Area real estate.

Translation: Vacaville, on Burbed for the Very first time, show us your Virtues!  We could mention the Very name means, literally, “cow town.” At least Vallejo was named after a Victorious general.

200 Brown St
Vacaville, CA 95688
$114,900

2 Beds
1 Baths
904 Sq. Ft.
$127 / Sq. Ft.
Built: 1950
Lot Size: 6,098 Sq. Ft.
On Redfin: 33 days
Property Type: Residential, Detached, Single Family
Stories: 1
County: Solano

This fixer has a good size lot and tremendous potential close to public transportation schools great freeway access.

This listing copy has a good start and tremendous potential close to acceptable noun plural noun adjective concept whoops run on sentence.

We can smell the potential from here.

Ah, a saluting toilet! We’ve missed these.  Maybe more agents read Burbed than we thought, as open toilets are getting more difficult to find in listing photos.  And that’s a Good Thing.

Sunny yellow kitchen and space to dine.

Also this house was foreclosed on in February.  February, 2013. And that’s Vexing, as foreclosures and NODs and other housing fail are down substantially Virtually everywhere. 

We’ve Nosed past the first half of the Blogging from A to Z Challenge, and Now we’re on to the New ones. Let’s celebrate with the kind of property Burbed was always Noted for.  Today’s featured property in Newark Needs work.

7419 WELLS Ave
Newark, CA 94560
$299,000

2 Beds
1 Baths
660 Sq. Ft.
$453 / Sq. Ft.
Built: 1895
Lot Size: 6,250 Sq. Ft.
On Redfin: 7 days
Type: Detached
Stories: 1
County: Alameda
Style: Traditional
Community: Newark
MLS#: 40609921

Remodeled 2 yrs ago. Newer copper plumbing and sewer line, newer doors, paint and laminate floors throughout, newer bathroom and most windows are newer. Garage conversion to a studio is being used as rental, Maybe illegal! No knowledge of permits. AS IS Sale only! Only showing 4/13 and 4/14 11-2pm

This is so exciting! Maybe illegal! Or immoral, or fattening. With No Notion of permits, Nothing’s impossible. So Not only is this Nice home available for Not a lot of money, it’s also Notorious!

Today is day #5 of the A to Z blogging challenge:  Everything’s Easy. Eventually Excellent Estates would be Examined, as Everyone Expected we’d Essay on Entities Eastwards. Ever Espy how adding East to an Entity makes it Easier to Enjoy?  East Palo Alto is an Easier Expense than Palo Alto.  East San Jose is less Expensive as San Jose. And East Oakland? Empty. Ecch, Examine the Entire East Bay if you Endeavor to Evade being priced out forever!  Er, End Emit Equity Emerging Evermore.

2318 PALO VERDE Ave
East Palo Alto, CA 94303
$369,000

2 Beds
1 Baths
860 Sq. Ft.
$429 / Sq. Ft.
Built: 1951
Lot Size: 4,800 Sq. Ft.
On Redfin: 3 days
Property Type: Detached Single Family
Stories: 1
Community: East of U.S. 101
MLS#: 81310172
Style: Contemporary
View: Neighborhood
County: San Mateo

BEAUTIFUL REMODELED HM W/ MANY WINDOWS, GARDEN VIEWS & ABUNDANCE OF NATURAL LIGHT. INCL NEW KIT, GRANITE COUNTERTOP, BACKSPLASH, TILE FLRS, NEW STOVE, LARGE LR & BEDROOMS. NEW LAMINATED FLR THROUGHOUT. REMODELED BATH. FRESHLY PAINTED INSIDE & OUT. PROFESSIONAL LANDSCAPING W/ AUTOMATIC IRRIGATION. PEACEFUL SETTING AFFORDS PRIVACY YET REMAINS MINS TO SHOPPING & FREEWAY ACCESS. MUST SEE TO APPRECIATE!

There is one term for this kind of a building and that is “snout house.” It’s all garage and the front Entrance is not Eyeable. But there’s so much more to today’s Entry!

Not only is there a Gated Entryway, in Excellent snout house tradition, we still can’t find the front door. Note the addition of a stunt portal.

The remodeled Eatery is Eclectic, while the yard is Easy maintenance. Want to get an Estimate of Effort involved in the update? Examine this Earlier Eyesore!

Must see to appreciate. Eyeball, Extol, Expand!  The End.

Who’s priced out forever, and getting more priced out by the minute in Bay Area Bubble 4.0?  Not you! Not when you check out this completely affordable home in Oakmmphf CLOSE TO SAN FRANCISCO. Heck, you could pick up this sweet little lodging on your way home from the grocery store.  Well, you could if there were a grocery store anywhere near it.

Undisclosed Address
Oakland, CA 94621
$133,000

2 Beds
1 Baths
997 Sq. Ft.
$133 / Sq. Ft.
Built: 1905
Lot Size: 3,200 Sq. Ft.
On Redfin: 4 days
Type: Detached
Stories: 1
County: Alameda
Style: Victorian
Community: E Oakland
MLS#: 40607349

Great 3 bedroom / 1 bath home with Tall ceilings! (Public records 2bd/1ba buyer to verify all property information) Spacious family room. Large eat-in kitchen w/ tile flooring. Spacious bath with tiled flooring. Homepath and Homeapth Renovation Approved!

Again with the undisclosed addresses?  Burbed laughs at the idea and discloses them.  We know how to use… teh Google!

2070 85TH AVE
OAKLAND, CA 94621
$133,000

Single Res | 2 beds | 1 baths | 997 sq. ft. | 3200 acres | 17 days on market | MLS# 40607349
Active
Price : $133,000
Bathrooms : 1
List Date : 03/04/2013
Approx Square Feet : 997
Listed Days Back : 17
Price per sq. ft : $133
County : Alameda
Approx Lot Feet : 3200
Location : 2070 85TH AVE, OAKLAND, CA 94621
Approx Lot Acres : 0.073
MLS# : 40607349
Approx age : 108
Status : New-REO
Homeowner`s Association Fee : -1 / n/a

Anyone know the difference between Homepath and Homeapth Renovation? Don’t ask Redfin. This is below their minimum commission.

Still not convinced that we’ve entered Bay Area Bubble 4.0?  Burbed reader wahnny has another entry trying to support our hypothesis.  Let’s take a good look at this cavernous castle in Campbell!

255 EVERETT Ave
Campbell, CA 95008
$579,900

2 Beds
1 Baths
784 Sq. Ft.
$740 / Sq. Ft.
Built: 1980
Lot Size: 2,640 Sq. Ft.
On Redfin: 5 days
Property Type: Detached Single Family
Stories: 1
Community: Campbell
MLS#: 81307702
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Clara

Another Gem by Gaurdian Home Brokers, nestled in the Quaint town of Campbell. Located a short walk from starbucks and the Famous Pruneyard Shopping Center. This Bugalow features all new kitchen with granite counters, stainless appliances, paint int/ext, landscape, new windows and more. Top-rated schools.

And heeeeeeeeeeeeeeeeeere’s wahnny!

Another [example of bubble pricing] is a flipped 1900s bungalow in (non-RBA) Campbell,

Not quite as cozy, and on a much smaller lot, but near top-rated schools / starbucks /shopping centers, and currently selling for "not a lot of money".

This is much better, wahnny, this is a flipped 1900s “bugalow.”  Another Gem by Gaurdian Home Brokers. (If the realtard meant this agency in Folsom, then we must admit this is the first time we’ve caught one who couldn’t properly spell the name of their own broker.)

If you’re interested, the before pictures and listing are available here (photo right).  Here’s the older listing copy:

Amazing potential! Southern-facing FIiXER UPPER w/ sunny fenced yard! In a sweet architecturally eclectic neighborhood a block to the heart of Campbell & restaurants, cafes, boutiques, & Sun. Farmer’s Market. Master br w/ walk-in closet & access to private patio. Eat-in kitchen w/ breakfast nook/laundry closet has French doors to the large yard. Fully fenced & low maint. yard.

Look at that!  For $180K less than the current asking price, you could have done business with an agent who could not only spell, but also use words like “eclectic.”

How would you like to live in Los Gatos and not spend a million dollars?  Wish granted!  Thanks very much to Burbed reader wahnny for this, um, residence.

16005 SHANNON Rd
Los Gatos, CA 95032
$788,000

1 Beds
1 Baths
668 Sq. Ft.
$1,180 / Sq. Ft.
Built: 1940
Lot Size: 10,800 Sq. Ft.
On Redfin: 4 days
Property Type: Detached Single Family
Stories: 1
Community: Los Gatos/Monte Sereno
MLS#: 81307108
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Clara

Los Gatos Schools. Unique property on desired street. Upscale neighborhood surrounded by multimillion dollar properties. House has beautiful country setting with beautiful redwoods. It’s tranquil and private. One of a kind with creek and stone bridge that adds to its charm. Close to town, restaurants, Whole Food Market, etc. Additional storage or workshop inside of garage. Lots of potential.

You know this is going to be a good one when they don’t’ show the house until picture #5.  Now let’s check in with wahnny.

Some additional data points that further support the Bubble 4.0 hypothesis.

A cobbled-together 1940s cottage in (possibly RBA) Los Gatos.

The photos don’t do it justice.

Visited during open house (along with several other groups), and although nicely staged, the place is tiny (or, as the Redfin video understates, "compact")! 

It was amusing to listen to the realtor speak of all the positive possibilities (e.g., the house could be torn down or rebuilt (e.g., adding 2nd level)) while minimizing the downsides (creekside property is literally in a flood zone, and would require special build permits/fun with the county).  Yes, yes, value is in the land, but is it really worth more than the Bubble 3.0 sold price?

We also love how the video states that the house is “on the water” and that the 1-car garage means “you’ll always have a place to park your car!”  Also the view of the back patio reminded us of a famous house.

See some resemblance?

If you don’t recognize this house, click here.

We’re covering the housing bubble 24/7 now that everyone’s paying attention to real estate again.  Today we have a lovely home in Redwood City that you may have seen before.  Take another look, while you still can!  Thanks very much to Burbed reader Petsmart Groomer for an excellent surveillance operation.

715 ESTHER Ln
Redwood City, CA 94062
$450,000

2 Beds
1 Baths
750 Sq. Ft.
$600 / Sq. Ft.
Built: 1929
Lot Size: 4,790 Sq. Ft.
On Redfin: 33 days
Property Type: Detached Single Family
Stories: 1
Community: Cordilleras Heights
MLS#: 81303054

Beautiful view of bay and city lights. Additional 6900sqft lot to be sold with the property. The additional 6900 sq ft parcel of land CANNOT be developed upon per city and county building department. Building square footage 1130sf on public profile is incorrect, actual living area is about 750sf, Fixer-upper Sold "As Is" may not qualify for FHA.

This house’s list of tag may be bigger than it is.  Not only that, it has a history!

Here’s something it didn’t have last year (besides an extra hundred thou of instant equity you get now!): Redfin Agent Insights!

“Dead End,” “Completely gutted” and “Killer Views,” three phrases that don’t go well together after watching certain movies.  How about Zero Dark Thirty?

We’ve been calling Bubble on the Real Bay Area for several months.  For the next few days we’ll continue to make the case that the housing bubble in the Bay Area is absolutely unmistakable.  Yesterday, we had a 35% overbid in Prime Palo Alto for a tear-down bungalow on a lot too small for subdivision.  Today, we have an even smaller lot with a return of what we called a “wishing price” when the Bubble was about to pop.  But before it did, we had another name for a WTF asking price.  Let’s see what one would look like in Millbrae.

140 MAGNOLIA Ave
Millbrae, CA 94030
$1,100,000

2 Beds
1 Baths
990 Sq. Ft.
$1,111 / Sq. Ft.
Built: 1927
Lot Size: 6,000 Sq. Ft.
On Redfin: 3 days
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Cottage/Bungalow
Community: Highlands
MLS#: 81306376

Charming Two Bedroom and One Bathroom Single Family Home situated on a Lot that is Zoned R-2 (Residential Duplex). This home is located conveniently around the corner from Downtown Millbrae’s Finest Restaurants and Shopping. Great Development Potential, come see this home!

A thousand a foot is a fair price for convenient access to SFO plus two freeways! Plus this is primo real estate photography. At least the agent isn’t snapping pictures in corners like yesterday.

Plus this home is located conveniently around the corner from Downtown Millbrae’s Finest Restaurants and Shopping.  According to Yelp, the Best Restaurant in Millbrae is the Millbrae Pancake House, so we’re talking haute cuisine.  Or at least hot cuisine. 

Now, this lovely home last changed hands in September 2010, for $675,000.  Aren’t you sorry you didn’t snag it then?  Look at all the instant equity you missed out on!  As you can see from the old listing photo (right), the only improvement done to the home since then was to Photoshop in a better sky.  Also back then the place was “Close to BART, Airport, Freeways and schools.”

Not any longer!  Now it’s just one big Great Development Potential opportunity for you! With a price like this, this is now a Real Bay Area house, therefore the train tracks, airport and freeways must have been relocated.

We hope you realize this is THE SECRET of how to make money in Bay Area real estate:

1. Buy house not in the Real Bay Area due to its location fail
2. Eliminate location fail so house moves to RBA
3. ???
4. PROFIT!

Remember, a WTF asking price isn’t a Wishing Price unless there’s no chance of getting it. This is a Bubble Price.  This seller is saying, “You want this house? You’re going to have to pay me enough to Make Me Move.”