April 9, 2013

Highland Hits the Highest Hella Heights!

BlogAtoZ-HJust because we’re doing the Blogging from A to Z Challenge doesn’t mean we Have to Hold off our Hallowed Habits. One of them is that we welcome contributions from our readers. Heck, we Harangue our readers if they don’t play along. So, today we are Heaving up another letter of the alphabet, and Having a different poster Handle it.

We Hope you enjoy today’s Happening post from Burbed reader bublidoo!  Please give bublidoo a Healthy, Hot Real Bay Area Homecoming with today’s Holy $#*@! House.

130408-highland-redfin1161 Highland Ter
Fremont, CA 94539
$5,493,000

6 Beds
9.5 Baths
9,967 Sq. Ft.
$551 / Sq. Ft.
Built: 2009
Lot Size: 1.64 Acres
On Redfin: 79 days
Type: Detached
Stories 2
Community: Mission
MLS#: 40601026
Style: Custom
View: Bay, City Lights, Hills, Panoramic, Pasture, Ridge, San Francisco, Water
County: Alameda

Panoramic View, Custom Home, Like Living in Taj Mahal, Elevator, 6 Bedrooms-9.5 Bathrooms, Banquet Hall w/ Stage-Seat over 100, All Bedrooms have Full Bathrooms, $150,000 /Crystal Lights and Chandeliers, Stainless Steel Garage & Exterior Doors, Credit Available for Personalizing Your Finishing Touch.

130408-highland-powderLet’s Hear from bublidoo Her/Himself!

Figured eventually you’ll get to H. :-)

This has got to be the butt-ugliest way to spend nearly 5.5 Million bucks. HDR [check] Cawlumns [check]. Granite on the wall [check]. More bathrooms than 130408-highland-fountainbedrooms [check] "Living like in Taj Mahal" [check]. Yeah, that’s right … sooooo much bling it makes a baroque castle look sparse.

But the HDR … OMG, the HDR! The first pic … OMG, seriously, I thought it’s so synthetic looking it must be from a first person shooter or something. This has gotta be the highest DR evar.

More pictures Here, because you gotta Have some kawlums!

130408-highland-kitchen130408-highland-pink130408-highland-columns130408-highland-columns2

Comments (11) -- Posted by: madhaus @ 5:06 am






April 6, 2013

Forestall Foreclosure in Fremont!

BlogAtoZ-FIt’s Day #6 of the Blogging from A to Z Challenge, and these Frackin’ Festivities are a Fantastic Folderol! We’ll leave the weekend open thread until tomorrow, as we have another Fantastic Freehold to Flaunt. But First, a Foreward From our Fabricator.

You’ll be looking Forward to Sunday every day the next 2 Fortnights because that’s the only day off From the A-Z Challenge.  So we’ll Fit the open threads into that Forum.

And now back to our Frequently Fated Flagon of Fail.

130405-greeley-redfin5599 Greeley Pl
Fremont, CA 94538
$250,000

3 Beds
2 Baths
— Sq. Ft.
Built: 1965
Lot Size: 5,918 Sq. Ft.
On Redfin: 4 days
Type: Detached
Stories: 1
County: Alameda
Style: Ranch
Community: Fremont
MLS#: 40609034

Great neighborhood, walk to schools. Short Sale Subject to Lender Approval. Open House Sunday April 07, 2:00-4:00 PM. Call (408)977-1700 recorded message for instructions

Forget the Fone For instructions. Just drive along the Freeway until you Find it.

130405-greeley-aerial

Fine Future. Foreseen For sure.

Comments (3) -- Posted by: madhaus @ 5:07 am

February 14, 2012

This house is ready for a Valentines Day date

If you’ve been a long-time reader of this blog, you may remember that burbed (our founder and long-time content creator) had this thing for pink houses.  So the site occasionally would dig up a pink house for Valentines Day.  This year, we found an even better listing for celebrating a day for lovers.  It’s all set up for a Special date you won’t forget!  Many thanks to Burbed reader The Maggadads for this fantastic find from Fremont!

2116 JACKSON St
Fremont, CA 94539
$894,950

120212-jackson-redfin

BEDS: 3
BATHS: 3.5
SQ. FT.: 1,824
$/SQ. FT.: $491
LOT SIZE: 0.28 Acres
TYPE: Detached
STYLE: Ranch
STORIES: 1
VIEW: Hills, Mountains
YEAR BUILT: 1963
COMMUNITY: Mission San Jose
COUNTY: Alameda
MLS#: 40538102
SOURCE: EBRD
STATUS: Active
ON REDFIN: 186 days

Mission schools! 12,110 sq. ft. lot, 1-story. $50k spent on 2011 remodeling kitchen, baths, carpet, tile, french doors & lighting, dual pane, AC & backyard. Built-in 50′s Diner theme- pool cabana/antique western town, 6-car garage w/ 1/2 bath, pool w/ water fall, new lawn & sprinklers. Not a REO/SS!

120212-jackson-dinerHere’s what The Maggadads thought of this place with $50K spent on 2011 remodeling:

I just started reading your blog. Although I take a minor offense to the jabs you poke at Fremont, I couldn’t help but send you this listing.

I’m not sure which is cooler…the 50s themed diner or the western-themed fence. At least it has a 6-car garage!

120212-jackson-western-fenceWait, let me check, is this a house for sale, or a commercial property?  Because while it’s always good to have a space for entertaining a crowd, a 50s themed diner wasn’t exactly at the top of my list in must-haves for an 1,800 square foot house.

But a 50s themed diner AND a western themed fence, both!  I can die now.  What a Valentines Day you’ll have!  And if your date isn’t successful, one of you can retire to the six-car garage.

Well, this is one of those good news/better news situations.  The good news is yes indeed, this house is in a 100% residential district and there is no danger that one of your neighbors will be opening up a 40s themed diner to compete with yours (and incidentally use up all the street parking).  The better news is, well, location, location, location!

120212-jackson-satellite-photo

Comments (14) -- Posted by: madhaus @ 5:02 am

January 10, 2012

Fremont wants back into the RBA

We’ve had many discussions on what makes a place Real Bay Area (RBA) and more importantly, what makes a place Not.  Good schools, professionals for neighbors, and no uncorrectable deficits such as freeways, airports, and toxic waste dumps is a start.  But what’s a real tip-off that a place is in the RBA?

Not only is it way too expensive for what you’re buying, but the asking price has been increased.  Many thanks to Burbed reader Praveen for today’s featured listing.

 

42261 CAMINO SANTA BARBARA
Fremont, CA 94539
$10,998,000

image

 

BEDS: 4
BATHS: 2
SQ. FT.: 1,931
$/SQ. FT.: $5,695
LOT SIZE: 7,910 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1964
COMMUNITY: Alameda County
COUNTY: Alameda
MLS#: 81200779
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 1 day NEW LISTING (24 HOURS)

Very exclusive Mission Highlands East section of Chadbourne. One level four bedroom with huge remodeled kitchen and family room. Large master bedroom newly remodeled master bath. Large yard. Wonderful layout. Easy wlk to Mission High, Chadbourne elementary.

imageThis not particularly large home on a not particularly large lot was listed for $1,099,000 on EBRD, the East Bay multiple listing service, last Friday.  But when it appeared on MLS (used by the West Counties) the following Monday, the price had gone up tenfold.  What happened?

Simple. Houses marketed to East Bay buyers aren’t as Special as houses for Peninsula and South Bay buyers.  That’s why there’s one price for the East Bay and a higher, better, more exclusive, lots more Real Price for Silicon Valley lucky duckies.

And boy, some Silicon Valley home-owner-to-be is going to want this place!  Doesn’t that location, location, location suggest rural isolation and quiet evenings at home?

image

Absolutely!

image

Get your overbids ready, because photography like you see for this listing doesn’t come cheap!

Comments (15) -- Posted by: madhaus @ 5:04 am

December 12, 2011

BLACK FRIDAY DEALS: Cheapest House in Fremont!

Fremont doesn’t get anywhere near enough attention from Burbed, but today we take a step toward correcting that oversight.  This is a DEAL, DEAL, DEAL that should make anyone happy. 

Fremont: Close enough to Silicon Valley that commuting is in the realm of possibility, yet with all the quality features we’ve come to expect from close-in areas such as Redwood City, East Palo Alto, or Alum Rock!

57 Sycamore St, Fremont, CA 94536
$147,250

image

BEDS: 3
BATHS: 2
SQ. FT.: 845
$/SQ. FT.: $174
LOT SIZE: 4,237 Sq. Ft.
TYPE: Detached
STYLE: Fixer/Handyman Special
STORIES: 1
YEAR BUILT: 1905
COMMUNITY: Fremont
COUNTY: Alameda
MLS#: 40551215
SOURCE: EBRD
STATUS: Pending
ON REDFIN: 27 days

View of Creek Hills, Trees, View of Niles River directly behind property, Very Scenic Location. Dual Pane Windows, Walk to Park. Sold in AS-IS condition.

Walk to Park.  Well, I’m sold!  Although I would love to see the inside.  How did they fit 3 bedrooms and 2 bathrooms in 845 square feet?  Did they leave out the living room and the kitchen?

The house has plenty of history, too.  Plenty of listing history.  BUY NOW!!!!!!

Comments (3) -- Posted by: madhaus @ 4:09 am

November 20, 2011

Moo-ha-ha-ha! Burbed’s Most Loved Series EVER!

Yes, we’re back with Northern California places on the Forbes most expensive zip code list.  As you get ready for Thanksgiving, one thing you can give thanks for this Thursday is that this all-time favorite series (if by “favorite” I actually mean “causes excited readers to fling household appliances”) only runs on Sundays.  That means it’s at least another seven days until the next installment!  If you missed the last ones, you’ll want to catch up RIGHT AWAY so you are completely up on every aspect:

Also, beginning Friday will be Burbed’s Black Friday Sales!  That’s where we scour the Real Bay Area in search of the best bargains out there for you.  While you may not be able to afford the most expensive house in the most expensive zip codes, maybe you can afford one on the other extreme!

And now, the Top 100 of the Bottom 300 Most Expensive Zip Codes in the Country: This is Fourth Tier: Under a Million Median Means Middleclass Metroplex.  Or the shorter version: Forbes screwed up again.

#212: Redwood City 94062

  • Median Home Price: $998,975
  • Median Price Change: -11.9%
  • Average Days On Market: 200 118
  • Inventory: 118 76
  • Rank in 2010: #185 (-27 spots )
  • Most Expensive Home: $3.6 Million $3.45 Million (610 Edgewood Road)

imageOne of the few shared zips to survive Forbes and Altos Research’s data parsing, the most expensive zip in Redwood City is shared with tony Woodside, California.  But you won’t find movers and shakers like Larry Ellison in Redwood City.

What you will find is this house, complete with Mawbul Kawlums, at a Woodside Price on a busy arterial that feeds I-280!  The owners have been trying to sell it since 2009, no doubt because its neighborhood of “High School Acres” fails to evoke wealth, exclusivity, or prestige.  Maybe they should rename it “Prep School Prospects” and see if that does the trick.

More exciting Zip Code ZAwesomeness after the break!  More! More! More!

(more…)

Comments (9) -- Posted by: madhaus @ 5:15 am

September 4, 2011

Cupertino Union School District: Fail!

imageIf you’ve been reading this site for more than a few months, you’ve heard about the world-famous Cupertino Union School District, and how foreigners with suitcases full of cash will pay anything to buy a house with Cupertino Schools.  You’ve also heard about Palo Alto schools and the Mission San Jose area of Fremont.

The state API test results are in, and Cupertino has two of the highest scoring schools in the state.  They, along with Palo Alto and Fremont, also have been marked for Program Improvement, which means they have failed to make their required targets.

Santa Clara County schools tops in state scores, yet feds see failure

By Sharon Noguchi, San Jose Mercury News
Posted: 08/31/2011 12:00:17 PM PDT, Updated: 09/01/2011 03:45:45 PM PDT

image

(Photo, left) Second-graders work on their reading skills in their class, taught by Lisa Gregoire at Cesar Chavez Elementary School, in San Jose, on Wednesday, Aug. 31, 2011. The K-5th grade school has vaulted 63 points this year on API — the state’s measurement of academic achievement — after climbing 64 points last year. (KAREN T. BORCHERS)

In contrasting scenes of celebration and chagrin on Wednesday, South Bay schools again topped the state in annual test scores, while more of them than ever before are being labeled failures by the federal government.

Two schools in the Cupertino Union School District, Faria and Murdock-Portal, tied for first in the state, with 998 on the Academic Performance Index, among elementary schools. Yet simultaneously the district fell into the feds’ failing category. It’s among plenty of surprising, and surprised, company. Santa Clara Unified’s Millikin placed second with 997, Fremont Unified’s Mission San Jose placed third with 996 and Palo Alto’s Hoover placed fourth with 995 among elementary schools on API. Yet all three school districts landed in "program improvement," the federal equivalent of a report card "F."

Meanwhile several districts with students that traditionally have struggled — Alum Rock, Gilroy and Sunnyvale elementary — posted strong gains. They’re still on the federal watch list, but teachers were elated to see their progress.

So with rising scores at the top and bottom schools, and in a valley known for stellar public education, how is it that 19 of Santa Clara County’s 31 school districts, plus the County Office of Education, appear poised to suffer federal sanctions and embarrassment?

imageHow can this be?  19 out of 31 districts in the county synonymous with Silicon Valley not meeting federal goals?

This graph (right) from the Merc helps tell the story.

No Child Left Behind required all subgroups, not just the school district as a whole, to maintain increasing proficiency levels, and for 2011, schools and every subgroup need to hit 67% proficient on all state tests.  The reasoning behind it made sense: help all students, not just the ones who had money and college-educated parents.

The graph shows California schools were improving their test scores.  They just didn’t improve them as fast as the goals were going up.

By 2014, all students are supposed to be proficient in every school district everywhere.  How is such a goal going to be met?  When some students have parents who work two or three jobs and aren’t home to read to them or help with homework, why is this the schools’ fault?  When some students don’t get fed regularly, or live in the middle of a gang turf war, or don’t actually have a regular place to live, are they somehow magically going to score “proficient” on a state test?

imageThat’s a wonderful goal, but expecting schools to make all children proficient without putting programs in place to support the students who most need it is insane.  In fact, programs shown to help student results in poor families, such as Head Start, have been cut.

This is the equivalent of demanding all students be proficient at track events, but not providing track facilities to schools that didn’t have them, or excusing students from track meets who have to work to help their family pay the monthly rent check.

imageNow, where do Cupertino, Palo Alto, and Fremont school districts come in?  The first two had excellent API scores.  But some of the subgroups didn’t hit that 67% proficient mark. Now, if you know anything about statistics, you know that the smaller your data sample, the more scatter your see.  What do you think will happen if you start measuring small subgroups of a school district population and demand that every single one of these various smaller samples, many of which are chock-full of the kind of students who don’t test well, all hit the overall goal?  These subgroups include economically disadvantages, English language learners, and students with disabilities, and yes, every one one of those groups with these academic, financial, and societal challenges are expected to score as well as the overall school district, or to put things more bluntly, their target is the same as the groups with all the advantages.

Now what will happen if the goal is moved up 11 percentage points a year?  How many schools are capable of moving all groups up at that rate?  How realistic is it to demand that all English-language learners score 100% proficient in 2014, or all students with learning disabilities, or all students that qualify for reduced-lunch prices?

As the graph shows, it’s going to be more and more difficult for schools to “pass” the NCLB standards in the next three years, since if any subgroup “fails,” so does the entire district.  Unless the standards are changed within the next year or two, any school district large enough to have disadvantaged subgroups will be accorded an NCLB Program Improvement school.

Getting back to Cupertino, two of the 25 schools in the district had subgroups missing the targets.  That’s right, even if a school district has a 92% success rate in meeting these difficult targets, the whole district is a failure.  One of the schools has the most transitional population in the district (Nimitz).  The other is an alternative school whose philosophy embraces an integrated curriculum with small group projects, and many parents refuse to let their children take the state tests (McAuliffe).  Amazingly, Cupertino didn’t get dinged for insufficient compliance overall (95% of a district and all subgroups must be represented on the tests.)  They met 33 of 37 criteria.

In Palo Alto Unified, the only school failing to make the “grade” was Escondido, and again, the problem was not API scores.  They met 25 of 34 AYP criteria. In particular, not enough students with disabilities participated in testing.

And in Fremont, also finding itself in Program Improvement for the first year, a whopping 19 out of 33 schools failed to meet the requirements.  Fremont Unified met 37 of 46 criteria.

Here’s the list of school districts in Santa Clara County that aren’t in Program Improvement:

  • Lakeside Joint (one elementary school)
  • Loma Prieta Joint (one elementary, one middle)
  • Los Altos Elementary (7 elementary, 2 middle)
  • Los Gatos Union (4 elementary, 1 middle)
  • Los Gatos-Saratoga Joint Union (2 high schools)
  • Luther Burbank (one elementary)
  • Orchard Elementary (one elementary)
  • Saratoga Union (3 elementary, 1 middle)
  • Union Elementary (6 elementary, 2 middle) Since this district has both middle schools marked as not meeting all requirements, I think this is a mistake saying the district is NOT in PI

What do these school districts have in common? They’re SMALL. The more schools in a district, the higher the odds one of them is going to miss a requirement somewhere, pulling down the entire district. That’s a guaranteed recipe for failure, and seems to be exactly what some people wanted.

This year, over 4000 California schools have “failed.”  What will happen when almost every school district is considered “failing” by these insane standards, statistically guaranteed to make almost everyone a loser?  And who were the idiots who agreed to them?

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

August 20, 2011

Fremont to Palo Alto, Cupertino: We Rulez, You Droolz!

imageIt’s back to school time, and that means it’s time for another completely arbitrary ranking of our educational institutions!  US News and World Report set loose on our high schools, and have come up with the latest, greatest, most up-to-date rankings… using data from two years ago! (You’re probably valuing your house based on old prices too!) 

We also have the Newsweek numbers, which carry much less weight for two reasons: Newsweek is now just a subsidiary of The Daily Beast, and they don’t have the same concern as US News that a school needs to do well by all its students.  The Newsweek stats are skewed beyond belief toward college readiness, and only college readiness.  So let’s ignore them for now.

The top 100 schools that survived US News’ “three part” testing were given the “Gold Medal” and ranked 1 through 100 based on a “College Readiness Index,” showing how many of their students took AP or IB exams.  A few of these top schools actually scored a perfect 100, which meant every single student took at least one college-level exam.  That Quality Adjusted number is the exams actually passed, as opposed to taken.

imageTwo states couldn’t survive this rigorous data-parsing at all, so all high schools in Nebraska and Oklahoma were thrown into the trash-heap of non-Specialness!  The other 48 states plus the District of Columbia had all their high schools thrown into the Mixmaster of Mystery.  But you don’t care which school had the highest score unless you could consider sending your kids there while holding down your high-paying job at the Googleplex!  So here are the Bay Area schools that got the Gold, and the third-highest school may be a surprise.

Schools within 20 miles of Google are conveniently marked in Bay Area Blue.

Bay Area High Schools on US News & World Reports Gold Medal List

Rank School Name Quality Adjusted exams per test-taker College Readiness Index (CRI) Rank in 2009
7 Pacific Collegiate School
Santa Cruz
4.5 100 3
28 Lowell High School
San Francisco
4.8 89.6 39
36 Mission San Jose HS
Fremont
3.4 85.0 60
67 Henry M. Gunn HS
Palo Alto
4.9 71.5 74
70 Monta Vista HS
Cupertino
3.5 70.6 73
73 Piedmont HS
Piedmont
3.0 70.2 64
83 Palo Alto HS
Palo Alto
3.2 67.0 Silver (54.0)
86 Campolindo HS
Moraga
3.1 66.4 Silver (51.8)
89 Miramonte HS
Orinda
3.2 65.4 Silver (58.9)
93 Saratoga HS
Saratoga
3.7 64.4 80
98 Lynbrook HS
San Jose
3.1 63.3 Silver (58.7)

imageUnfortunately, the Silver and Bronze medal schools aren’t conveniently (I mean meaninglessly) ranked.  But here are the Bay Area also-rans, because I’m sure you’re looking for your kids’ or your own school and wondering if you made this “grade” for the bragging rights.  Silver Medal schools met the same criteria as Gold, they just didn’t score as well on the CRI and thus missed the Top 100.  The cut-off for Silver is a CRI of 20.0.

Bay Area Schools Ranked Silver Medal
(no rankings given, but sorted by CRI)

School Name CRI Poverty Adjusted Performance 2009 Silver Results
Acalanes HS
Lafayette
58.4 1.31 54.0
Redwood HS
Larkspur
58.1 1.22 59.5
Tamalpais HS
Mill Valley
57.0 1.02 49.1
Mountain View HS
Mountain View
54.4 1.08 52.4
Homestead HS
Cupertino
47.9 1.03 39.0
Amador Valley
Pleasanton
45.1 1.05 43.1
San Ramon Valley HS
Danville
43.8 1.04 39.4
Foothill HS
Pleasanton
43.2 1.14 42.6
George Washington HS
San Francisco
37.9 1.05 30.8
Monte Vista HS
Danville
35.4 1.21 27.7
Galileo Academy of Science & Technology, San Francisco 30.8 1.09 27.5
Lionel Wilson College Prep (Charter), Oakland 30.1 1.72
California HS
San Ramon
26.5 1.04 28.7

imageAnd I’m sure you noticed who’s missing, too.  Where’s Los Altos High?  Where’s Los Gatos?  Where’s Cupertino?  Go away Fremont, nobody expected you to show up. 

Bronze Medal schools did well on state tests (parts 1 and 2 of their filtering) but not college-readiness (taking and passing AP or IB exams). .

Bay Area Schools Ranked Bronze Medal (no rankings given)

School Name CRI Poverty Adjusted Performance 2009 Bronze?
Alameda Community Learning Center, Alameda N/A 1.24 Yes
Alameda Science & Technology Institute, Alameda N/A 1.53 No
Geyserville Educational Park HS
Geyserville
N/A 1.1 No
Middle College HS
San Pablo
N/A 1.21 Yes
Roseland Charter
Santa Rosa
N/A 1.06 No
Technology HS
Rohnert Park
N/A 1.15 Yes

Honorable Mention schools are the reverse of the Bronzes: they have the college readiness scores but fell down on the state test results.  There are only two California schools with Honorable Mention. Here is the Bay Area entry:

Bay Area Schools with Honorable Mention

School Name CRI Poverty Adjusted Performance 2009 HM?
Summit Preparatory Charter High, Redwood City 83.1 0.85 No

imageThis school may seem familiar to you: it’s the Bay Area charter featured in Waiting for Superman.

So getting back to that surprising Fremont showing, here’s one reason why Mission San Jose blew Monta Vista, Lynbrook, Gunn, and Paly out of the water.  Turns out Useless News and World Distort ranked the schools a lot of different ways.  Here’s one of their rankings that MSJ also did well on.

So, home prices in the Fremont Hills should be higher than Palo Alto or Cupertino?  Why or why not?

Oh, yeah, Newsweek’s Top 500 School list, as if anyone cares.  Not one Cupertino school.  Paly isn’t on the list either.  Or Lowell!  The score is made up of the graduation rate (25%), the matriculation to college rate (25%), AP tests per graduate (25%), average SAT scores (10%), average AP/IB test scores (10%), and AP classes offered (5%).  And note that again, AP tests per graduate, not per test taker.  Riiiiiight.  Because we can’t have kids not going to college in our “best” high schools.

The Newsweek Nonsense of Supposed High School Bestness: Bay Area

Rank School City Stu/Tea ratio grad rate AP/IB tests college bound % Average SAT Newsweek score
42 Henry M. Gunn Palo Alto 28 98 4.1 96 1942 1.072
61 Mission San Jose Fremont 27 99 3.5 94 1958 0.949
83 Piedmont Piedmont 12.5 100 2.2 95 1902 0.811
132 Summit Prep Charter Redwood City 26 94 4.7 100 1610 0.63
184 Analy Sebastopol 38 99 1.3 95 1743 0.535
225 Hillsdale San Mateo 27 100 2.2 99 1578 0.482
244 Mills Millbrae 23.6 96 2.1 94 1696 0.451
250 California San Ramon 30 99 0.8 97 1692 0.443
497 George Washington San Francisco 34 95 1.9 91 1441 0.092

imageHey Newsweek, I hear Paly’s lawyers will be calling you real soon, and both Monta Vista and Lynbrook are going to beat you up behind the gym after PE.  With their 16 inch laptops.

No, I can’t walk home with you, I got band practice.


Comments (8) -- Posted by: madhaus @ 5:19 am

March 21, 2011

Zrent vs. Zbuy

Zillow, the website that brought you the Zestimate, now has a brand-new feature to make fun of.  We’ve all chuckled over how surprisingly off the Zestimate of a home’s value could be.  Well, in the words of Mr. Family Guy, “You think that’s bad?”

Zillow has just introduced the Rent Zestimate.  Yes, now we can compute the Zrent Zratio, using two estimates that may or may not have anything to do with reality!  Let’s try it with a few houses previously featured on Burbed!

image

Here’s Friday’s house, the Tangrams Set with the High-Tech name.  Once more, the Zestimate has no relation to real life, because if it did this place wouldn’t be sitting unclaimed for 113 days at $200K less than Zillow’s amazing valuation model’s prediction.  To compute the Zrent Zratio, divide the Zestimate by the annual Rent Zestimate.  For this house, $762,000 divided by ($3081 * 12) is 20.6, a number that says rent, don’t buy this house.  (A number above 15 says rent, a number below 15 says buy.)

Although I think the answer is really don’t rent or buy this house, so let’s try again with something a little more desirable.  So let’s stop and smell the roses.

image

Well, here’s a Zestimate a little more down to earth, as this Beautiful Specious Home is listed for $239,000.  The Zrent Zratio is $217,500 / (1345 * 12) or 13.5.  Buy!  Buy!  BUY!

And here’s our most recent run-in with MAWBUL CAWLUMS, it’s the Shrek House.

image

Ready?  Oh oh, this place has a Zestimate about 30% of the asking price.  I didn’t say 30% lower, I said it’s 30% of the asking price.  I’m sure the FBs will be happy to set Zillow straight on this.  And the Zrent Zratio is… $1,427,000 / (5587 * 12) = 21.3.  Rent.  Definitely rent.

Okay, now for grins, we’re going to compute the rent ratio using the wishing prices of all three homes, and Zillow’s Rent Zestimate.

  • Poinsettia: $575,000 / (2979 * 12) = 16.1 (weak rent, buy it if you love it)
  • Gibraltar: $217,500 / (1345 * 12) = 14.8 (buy or rent, it’s a wash)
  • Butch: $4,999,000 / (5587 * 12) = 74.6 (rent rent rent rent rent rent are you kidding me?)

So, what do you think of Zillow’s new made up numbers?  Do any of these rents have anything to do with reality?  And if you divide one invented number by another, does the nonsense cancel itself out?

Comments (80) -- Posted by: madhaus @ 5:11 am

March 16, 2011

Beautiful Specious Home

What, it’s Wednesday already, and no submissions from Burbed reader sonarrat yet?  Better fix that oversight right now now.

4094 GIBRALTAR Dr, Fremont, CA 94536
$239,000

image

BEDS: 2
BATHS: 1
SQ. FT.: 884
$/SQ. FT.: $270
LOT SIZE: 1,312 Sq. Ft.
TYPE: Townhouse
STYLE: Cape Cod
STORIES: 1
YEAR BUILT: 1970
COMMUNITY: Fremont
COUNTY: Alameda
MLS#: 40495747
SOURCE: EBRD
STATUS: Active
ON REDFIN: 131 days

Open Home Sat & Sun 1:30 – 4:30 Beautiful specious home with crown moldings and oak laminated floors throughout. Plenty of double pane windows. Gourmet kitchen with beautiful cherry wood cabinetry, granite tile countertops and stainless steel appliances. Inside full size washer and dryer.

Here’s what sonarrat had to say about this, um, place:

If ever there was a perfect Freudian slip, it would be this listing.

Yes, even over in Fremont, better known as Six Cities in Search of an Offer, lower-end housing has succumbed to the obligatory stainless and granite.  This place features all the charm of a Motel 6 coupled with the convenience of monthly homeowner’s association fees ($211).  But hey, you get Common Hot Water for those HOA dues!  Plus pink roses poorly Photoshopped right outside your lot line!

So let’s check out the neighbors!

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Diversity rocks!  If you want an integrated neighborhood, you got it! Integrated with apartments, townhouses, single-family houses, a park and what appear to be a bunch of scattered cargo containers.  Maybe they were dropped here by some hurried vessel captain who couldn’t find Alviso?

Better grab this one fast, as it’s been temporarily de-listed, no doubt by canny sellers who know it will lead to multiple offers over asking!  Hurry!

Comments (11) -- Posted by: madhaus @ 5:02 am
 
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