May 10, 2013

Bay Area Bubble 4.0 Lands in… Walnut Creek!

All week we’ve been looking at examples of No Bubble Here, all over the San Francisco Bay Area. But today’s house shows otherwise.  Thanks very much to the Burbed reader who sent this in but wouldn’t make up a dorky nickname. (Warning: next time we make one up for you.)

130509-meadow-redfinUndisclosed Address
Walnut Creek, CA 94595
$550,000

4 Beds
2.5 Baths
2,213 Sq. Ft.
$249 / Sq. Ft.
Built: 1947
Lot Size: 0.30 Acres
On Redfin: 14 days
Type: Detached
Stories: 1
County: Contra Costa
Style: Ranch
Community: Walnut Creek
MLS#: 40612224

Great area of Walnut Creek, large level yard, needs lots of work bring your contractor NOT handyman!!

Here’s what Burbed reader Too Lazy To Even Try To Make Up My Own Nickname had to say about this listing:

I know inventory is tight where I’m looking but $550K????? For what?

Naming rights? Ahahahahaha!  Actually for $550K you also get the street name, which we will kindly provide to all our readers for absolutely nothing.  What better proof of a bubble is there than sellers who won’t tell you where the danged house is?

130509-meadow-movotoMeadow Rd,
Walnut Creek, CA 94595
$550,000

Loan Payment: $1,885/mo
Bedrooms: 4
Bathrooms: 2&1/2
Size: 2,213 sqft
$/sqft: $248/sqft
Type: Single Family House
Year Built: 1947
Lot Size: 12,900
Days on Movoto: 14 days
MLS#: 40612224
Status: Pending

Great area of Walnut Creek, large level yard, needs lots of work bring your contractor NOT handyman!!

Oh, what’s this, you want a street number as well? Picky, picky. Some people are just so demanding.

130509-meadow-google-where

Estately’s listing doesn’t have the address anymore, so let’s hear it for latency in search engines!  Let’s also hear it for the great job Zillow did hiding that this place is for sale.

130509-meadow-zillow

Bring your contractor and CIA agent not handyman and GPS!

Comments (4) -- Posted by: madhaus @ 5:02 am






August 22, 2012

Time-tested Los Altos Hills listing dares you to overbid

A little less than a year ago we found an agent website listing ten big, expensive properties in the Real Bay Area (well, most of them were in the RBA). We dug in deep to see how the very high end market was doing as it began the fourth year of a prolonged economic slowdown.  Burbed reader Robert Dow recently sent in a Los Altos Hills luxe listing, and sure enough, it was one of the ten featured fabulous freeholds.  So let’s dwell on these digs in more detail.  To the Batmobile!

27040 Old Trace Lane
Los Altos Hills, CA 94022
$19,880,000

120821-oldtrace-estately

120821-oldtrace-guesthouse6 beds
7 baths
14855 sqft
3 acres
1990 built
30 days on site
MLS# 81227454
Walk Score™ 23

Spectacular Estate situated on a Private Country Lane 3.39 acres (per prelim) Main House w/dramatic entrance salon, Library/Office, Family/Game Room, Theatre, Gentleman’s Bar, Exercise Room, Wine Cellar, Indoor Exercise Pool, attached 8-Car Garage, Generator, Well for irrigation. 2bd/2ba Guest House,Tennis Court pool and elevated spa; Terrace w/outdoor fireplace; firepit . Palo Alto schools

120821-oldtrace-libraryHere’s what Robert had to say when bringing this gem to our attention.

Saw this listing for a $19,880,000 home for sale. No idea if this a reasonable price, but the house is pretty spectacular. Is this the kind of listing you’re looking for or is there some other set of criteria? Thanks.

Who wants to tell Robert what the criteria are for a home to be featured on Burbed?  There are so many ways for RBA realty to win the Internet!  For example, this one’s got a MAWBUL KAWLUM even on the guest house porch!  And check out this “library,” where books are under glass.

Like any big, expensive, and mutli-acred mansion, it has a Virtual Tour.  Unlike most of them, it also has a Gentleman’s Bar (unclear if the strippers are included, consult agent for details before writing offer).  But most importantly, it has a history, although you’d never know that if you used the Estately page.

120821-oldtrace-masterFortunately, when we reviewed the Astonishing Webpage we filled in all those price reductions, so there’s not much more to add.  And Zillow has it all, anyway, even if Redfin and Estately used the memory hole (as well as the seller request to not link to its Zestimate of $17,227,396)

Listed: 3/17/2008 at $25,000,000
Price Increased: 4/26/2008 to $28,950,000 (+16%)
Price Reduced: 5/22/2008 to $25,000,000 (-13.6%)
Listing canceled: 9/20/2008
Relisted: 8/30/2010 – 12/27/2010 at $24,950,000 (-0.2%)
Relisted: 2/1/2011 – 7/11/2011 at $20,500,000 (-17.8%)
Relisted: 7/22/2012 at $19,880,000 (-3.0%)

120821-oldtrace-kawlumsOh, about that Zestimate.  It’s 13.3% below today’s list price, which disappoints us.  We had a theory that the Zestimate for any large, custom, hard-to-price estate like this would be exactly 15% lower than the current asking price (and if you don’t believe us, go back to the Astonishing Webpage and check all ten of them).

Anyway, the hapless seller has been chasing the market down for more than FOUR YEARS.  At what point will their price cutting finally hit the market bouncing back up?  They have to get lucky this year, there’s a couple of 8s in the price now! Oh, wait.  Facebook isn’t going to save the RBA after all.  Never mind.

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

August 11, 2012

Your Long-Distance Weekend Open Thread

It’s the weekend!  Time to check out the Open Houses, and share your excursions on this Open Thread!  Here’s today’s Red-Hot Home for you.  Thanks very much to Burbed reader Ryan, over at Estately, for passing this marvelous mansion along.  The property’s a bit more effort to get to, but we think it’s well worth the trip.

805 Curiosity Lane
Mars
4th  Planet from the Sun
$30,000

120809-curiosity-estately

120809-curiosity-squirrelsAsking Price $30,000
1 beds
1 baths
1,680 sqft
6,000 lot sqft
2012 built
1 days on site

Special Features of this Property Include

  1. It’s on Mars
  2. Rocket man Bobak Ferdowsi will personally watch your yard while you’re away
  3. You can do cool astronaut stuff in your yard
  4. Hunt rabid alien squirrels from your bathroom window
  5. Follow NASA’s Curiosity
  6. Libertarian paradise—no government or laws on Mars. Live free and die.

Agent’s Summary

120809-curiosity-window-viewRARE FIND! Once-in-a-lifetime opportunity to own property on the edge of Gale Crater on Mars! Jump into this lucrative market before the Curiosity Rover exposes it.

Whether you’re a stranded astronaut, a Civil War vet named John Carter, or a plutonium-powered rover that just traveled 354-million miles, this happy homestead is the spot to call home. The perfect place to rest after a long day of analyzing soil samples, blasting rocks with lasers, or searching for signs of life, this quaint casa has it all. The modern bath features a tub and shower (should you ever discover water), an oxygen chamber so you can breathe, and a spacious master bedroom should you locate a life form to procreate with (be fruitful and multiply). Seriously, even if single cell organisms are found on Mars it will take billions of years until they evolve into something like humans.

Avoid Earth’s global warming by living on a planet where the average temperature is -81 degrees fahrenheit. Release as much CO2 into the sky as you want—it might even help develop the atmosphere! Are you morbidly obese? Good news—you just dropped 2/3 of your weight because Mars has only 1/3 of Earth’s gravity! Here on the 4th planet from the sun even the heftiest of humans can break the Olympic pole vaulting record! Just don’t try to breathe the air or you’ll die. Seriously. You will die. This home is move-in ready, priced to sell, and offers LOCATION, LOCATION, LOCATION!

Listing Provided by Estately Intergalactic Real Estate

120809-curiosity-satellite

120809-curiosity-nearby

 

 

We’ve already let Ryan know that here at Burbed we expect to see photos of the toilets.  Preferably with the seat left up.  Given that this one works using vacuum suction, leaving out that photo is serious mistake on the realtard’s part.

So… what kind of toilets are you looking at this weekend?

 

Comments (9) -- Posted by: madhaus @ 5:07 am