July 3, 2013

Peak Pricing: Not Just for RBA Homes

We’ve been talking about the Bay Area Real Estate Bubble 4,0 for half a year now. One way to tell things are getting bubblicious and frothy is when areas we don’t think of as expensive start acting like Real Bay Area markets.  Today’s featured home is from the East Bay, and it joins the peak parade,  Thanks much to Burbed reader Brittney for alerting us to this disturbance in the Force.

130702-westbury-redfin5670 OLD WESTBURY Way
Dublin, CA 94568
Sold for $825,000

4 Beds
2.5 Baths
1,972 Sq. Ft.
$418 / Sq. Ft.
Built: 2003
Lot Size: 3,117 Sq. Ft.
Sold On: May 31, 2013

HOA Dues: $126/month
Style: Mediterranean
Community: Tassajara Creek
MLS#: 40615019
Type: Detached
Stories: 2
County: Alameda

Corner location! Features include two tone paint, plantation shutters and crown molding throughout. Kitchen with stainless appliances, honey maple cabinets and granite counters with backsplash. Upgraded fireplace in family room with custom tile work. Backyard w/ grassy area and custom patio!

130702-westbury-livingYes! Corner location! Twice as much traffic who can all appreciate your two-tone paint job! Now let’s hear from Brittney.

Just saw this listing go sold recently. It was listed at $724,900 and sold for $825,000 which is incidentally the exact amount paid for it by the owners back in Oct 2005 – peak of the peak during that bubble. Nothing new was done to the house and it’s not anything special in that area….

130702-westbury-patioThat’s one diference between the RBA and the East No Way, namely when the market peaked. RBA homes peaked in 2008, except You Are Priced Out Forever AGAIN this year. What’s great is you can choose whether you can’t afford Palo Alto or whether you can’t afford Dublin.

Just remember what you can’t afford for $825K in Palo Alto.

Bunus: Holy Planned Unit Development, Batman, this place has a FAR of 0.63.  That’s what your HOA fees bring: the bribes development fees to make that even legal.

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






October 17, 2012

RV Access Parking is a PLUS!

Today’s featured home was sent in by Burbed reader waiting_for_the_fall.  We’re delighted to receive it, not only because this is the first contribution from this long-time regular we’ve seen in a while (or maybe even ever), but also because it’s from a part of the Bay Area we don’t cover as often as Silicon Valley.  This house is in the East Bay, and a part we don’t get too many nominations for, and best of all, it’s selling for less than not a lot of money.

Remember, if a house is in Northern California, it too can be Burbable!  Send your favorites on in to one of the email addresses in the upper right corner.

121016-briarwood-zillow8633 Briarwood Ln
Dublin, CA 94568
$425,000

Zestimate® $406,121
Est. Mortgage $1,489/mo
Beds: 4
Baths: 2
Sqft: 1,338
Lot: 7,649 sq ft / 0.18 acres
Type: Single Family
Year built: 1963
On Zillow: 1030 days
MLS #: 40562786
View Virtual Tour (opens new tab)

This is a four bedroom/two bathroom home with 1338 sq. ft. The roof is approximately nine years old and Dual Pane Windows throughout. Plus Converted garage into a large beautiful family room w/storage. The living room has a gas burning fireplace. Huge private backyard with a large patio and tall trees. RV Access Parking is a PLUS!

121016-briarwood-livingHere’s what wftf said when sending us this place:

Will you please check out the price fluctuations on this craptastic house?  It made me dizzy reading the wild price gyrations on zillow.
And it is pending!

I give up.  The banks are winning.

Did you know you can’t spell wftf without wtf?  Because wtf is definitely the best reaction to the price gyrations on Zillow.

121016-briarwood-price-history

121016-briarwood-bedroomSo is this house in the Real Bay Area or isn’t it?  It more than doubled in the ten years between 1996 and 2005, but then… not so much.  Since buying this house for 630 big ones, the current owner has tried listing it at $674K just two years later, and then started throwing prices at the wall seeing if any of them would stick.  Not sticking in addition to $674K were just under $600K (with lucky 8s!!!), reducing it to $429K (just 3 months later). 

Price goes down, price goes up.  Plus at least four different agents, at four different brokers.  It all adds up to an eyepopping over thousand day old listing!

Then again, perhaps this lovely room is what’s keeping the buyers away, since it appears to have girl cooties.

Comments (4) -- Posted by: madhaus @ 5:11 am

December 10, 2011

Cannonball! Not in the pool, through your house!

Here’s another problem to worry about while you’re househunting.  You already knew about busy streets, railroad tracks, airports, and high-voltage power lines.  Did you also check to make sure that Discovery Channel’s Mythbusters production crew isn’t firing cannonballs on a nearby artillery range? 

Thanks very much to Burbed reader Real Alex for alerting us to this unique location fail.

Mythbusters Accidentally Shoot House

The cannonball that caused the damage came from the popular show "Mythbusters."

By Mathew Luschek, |  Wednesday, Dec 7, 2011  |  Updated 9:11 AM PST

A projectile from an Alameda County firing range in Dublin  accidentally missed its intended target, said JD Nelson, the public information officer for the Alameda County Sheriff’s Office. Instead, the object blasted through the wall of a home near Tassajara Road and Somerset Lane.

The projectile reportedly entered the home through one wall and exited through another. It also damaged a vehicle in the neighborhood.

According to the Alameda Sheriff, the cannonball "took a few unfortunate bounces" during a "Mythbusters" experiment gone awry.

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The softball-sized cannonball was fired off at the Alameda County Sheriff’s office bomb disposal range in Dublin, on a US Army Combat range next to Santa Rita Jail.  The ball should have hit a row of barrels full of water, which would have reduced its momentum. 

Instead, the cannon misfired, the 30 pound shot missed the barrels and bounced off the hillside surrounding the firing range.  This launched it toward homes in the Tassajara Creek neighborhood 700 yards away.

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The blasted ball traveled right through this Cassata Place house (shown by the blue pin on the map above), smashing through the front door, internal walls, and out the back.  Note that despite the front door entry, the peripatetic plus-sized pellet propelled itself UP THE STAIRS and departed from the second floor. 

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Residents of the house slept through the whole thing, woken by the settling plaster dust.

From there the pitiless projectile propagated across six-lane Tassajara Road, repeatedly bounced off Ming Jiang’s tiled roof on Bellevue Circle (shown by the red pin in the map above), then went through the window of Jasbir Gill’s minivan on Springvale Drive (green pin), smashed the dashboard and came to rest inside.  Gill had been in the Toyota Sienna with his 13 year old son just ten minutes before the incident.  The County Sheriff’s office took both minivan and cannonball as evidence.

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Homes in this neighborhood are valued from $550K to $680K and are about ten years old.  ZEstimates suggest that they are currently worth what they were selling for when they were built in 2000 and 2001, with peak ZEstimates at an even million back in December, 2005.  This Streetview picture of Gill’s Springvale Drive home also caught the doomed Toyota Sienna, long before its cannonball contact.

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imageAs of this writing, nobody from Mythbusters would return calls to media.   Host Adam Savage hung up on a San Francisco Chronicle reporter.

Meanwhile, a tweet sent on Tuesday by Mythbusters co-host Grant Imahara (photo at right), mentioning the planned cannon experiments, was scrubbed along with the photo it had linked to.

Mythbusters has been using the firing range/bomb disposal area for the past eight years without incident.  While the show is San Francisco-based, their artillery experiments are not.  Just one more reason to stick to the Real Bay Area when looking for a house!

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imageUpdate: Looks like the Mythbusters stars, hosts Adam Savage and Jamie Hyneman, visited the neighborhood in person and promised to make repairs to all affected properties.  They also promised not to fire any more cannonballs at the firing range, saying they would use a range in the Gold Country for their “can a cannonball breach a castle wall” experiments.  The Dublin range is shut while the County Sheriff’s office reviews the incident.

Given that these are Bay Area castles, the answer to whether a cannonball can breach a castle wall is obviously yes.  Myth confirmed!

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

October 23, 2009

If you love sunsets, you’ll love this house!

5648 CEDAR CREST Ter, DUBLIN, CA 94568 | MLS# 40431698
5648 CEDAR CREST Ter DUBLIN, CA 94568
Price: $710,000

5648
Beds: 5
Baths: 3
Sq. Ft.: 2,659
$/Sq. Ft.: $267
Lot Size: 4,041 Sq. Ft.
Property Type: Single Family Detached
Style: Custom
Stories: 2
View: Greenbelt
Neighborhood: DUBLIN
Year Built: 2000
Community: DUBLIN
County: Alameda
MLS#: 40431698
Source: EBRD
Status: Active
On Redfin: 12 days
Beautiful home in the Dublin Ranch development, on a cul-de-sac in a child friendly neighborhood 3 blocks from new elementary school. Home backs up to protected green space – privacy and fabulous sunsets.

Thanks to Burbed reader Alex for this find.

Although Burbed doesn’t regularly venture to Dublin, this is a nice relaxing find for a Friday.

Who knew that a house could have multiple sunsets per day! Apparently this house lives in the special Tatooine district on Dublin, and thus you can enjoy sunsets multiple times a day.

For those who value their privacy, this picture is reassuring – your house will blend into the sunset. No one can find you. Your children will be very safe.

So if you don’t mind the short drive to Dublin, this house may be right for you. Just be sure not to stare into the sunsets!

Comments (85) -- Posted by: burbed @ 5:24 am