December 20, 2013

Irreplaceable at this price in Monte Sereno!!

Let’s have a look at a property that isn’t jumping into somebody’s lap and getting overbids out the wazoo. Your job is to figure out what is preventing this normal Real Bay Area behavior from taking place.  Thanks very much to Burbed reader nomadic for this find.  Bunus: no longer available on Redfin!

131213-lexington-trulia18331 Lexington Dr
Monte Sereno, CA 95030
$3,624,000 Trulia Estimate

  • 3 bed,
  • 4 full bath
  • 8,710 sqft
  • Single-Family Home

Property Details for 18331 Lexington Dr

18331 Lexington Dr This Single-Family Home located at 18331 Lexington Drive, Monte Sereno CA. 18331 Lexington Dr has 3 beds, 4 baths, and approximately 8,710 square feet. The property has a lot size of 1.25 acres and was built in 1992. The average listing price for similar homes for sale is $2,684,230 and the average sales price for similar recently sold homes is $2,526,783. 18331 Lexington Dr is in the 95030 ZIP code in Monte Sereno, CA. The average price per square foot for homes for sale in 95030 is $788.

Public Records for 18331 Lexington Dr

Official property, sales, and tax information from county (public) records as of 09/2012:

  • 131213-lexington-entrySingle Family Residential
  • 8,710 sqft
  • Stories: 3 story
  • Parking: Garage
  • 1 Building
  • Tax Rate Code Area: 16-010
  • 3 Bedrooms
  • Lot Size: 1.25 acres
  • A/C
  • Parking Spaces: 5
  • Pool: Pool (yes)
  • 4 Bathrooms
  • Built In 1992
  • Heating
  • 9 Rooms
  • County: Santa Clara

131213-lexington-wineWell, that’s fairly boring. Fortunately, Movoto still has the actual listing copy:

Neoclassical Estate–one of a kind–irreplaceable at this price!! Main home has 3 bedroom suites, library, plus full guest quarters with kitchen, bedroom & bath. Separate pool cabana with full bedroom, bath, & kitchen (square footage includes cabana and guest quarters). City lights, mountain views, gated, beautiful pool, minutes to Los Gatos plus fabulus Los Gatos Schools. Five Car Garage!!!

131213-lexington-studyNow let’s check in with nomadic:

Look what I found at Mausoleums R Us.  It isn’t exactly a Black Friday special, given that it’s been on the market nearly five months without a price reduction.

Looks like it went pending after nomadic sent it on, on December 9th, and the agent promptly yanked it with the useful Pending/Do Not Show designation.  And while Redfin doesn’t have a thing for us to see, both Trulia and Zillow have plenty of pictures, and Zillow also has the listing history.  Check this out!

131213-lexington-price-history

Any predictions on what the selling price will end up being? We’re throwing in for fifteen million!

Comments (2) -- Posted by: madhaus @ 7:05 am






October 8, 2013

Seller Prefers No Photo in Willow Glen

A great listing should be chock-full of photos to make you drop everything you’re doing and run over to your agent to say I MUST HAVE THIS HOUSE THIS INSTANT.  A so-so listing will have at least a couple of photos that intrigue you enough to see yourself possibly moving in.  And then there’s today’s listing.

Yes, we know there was no listing yesterday.  Unless all three of our readers decide to send in voluntary donations to keep us motivated, there sure are times we just don’t feel like writing. You want fresh content each morning? Then go ahead and MAKE MY DAY.

Ahem. Anyway, on to today’s featured property!

131007-william-redfin572 W WILLIAM St
San Jose, CA 95125
$299,999

3 Beds
1 Baths
1,204 Sq. Ft.
$249 / Sq. Ft.
Built: 1905
Lot Size: 6,000 Sq. Ft.
On Redfin: 122 days
Status: Active
Property Type: Detached Single Family
Community: Willow Glen
MLS#: 81320113
Stories: 1
County: Santa Clara

Great fixer upper in Willow Glen. 3 Bedrooms 1 bath, shopping and schools nearby. Large kitchen with cute built-ins. High ceiling adds space.

Why would the seller prefer no photo when their agent could give us this one?

131007-william-streetview

Or an even better shot, like the LOCATION, LOCATION, LOCATION! This place is close to EVERYTHING!  Like extra added emissions!

131007-william-aerial

And we’re sure you can find even more amazing benefits to this property that the agent neglected to share! Have at it!

Comments (14) -- Posted by: madhaus @ 7:05 am

August 26, 2013

Nothing wrong with this Los Gatos home that price can’t fix

Oh hell, it’s Monday. But there’s good things about Mondays. Mondays mean the beginning of another week of Burbed housing win, so let’s get started. Burbed reader nomadic has a LOT of win for us today in Los Gatos.

130825-belgatos-redfin308 BELGATOS Ln
Los Gatos, CA 95032
$2,500,000

4 Beds
3.5 Baths
4,165 Sq. Ft.
$600 / Sq. Ft.
Built: 1987
Lot Size: 1.93 Acres
On Redfin: 29 days
Status: Active
Property Type: Detached Single Family
Stories: 2
Community: Los Gatos/Monte Sereno
MLS#: 81327424
Style: Tudor
View: City Lights
County: Santa Clara

Elegant Tudor Estate-4165 sqft with 3 car garage and 840 sqft detached guest house. -Gated with circular driveway and a completely fenced 1.93 acre lot-private with no neighbors yet close to town. Solar heated salt water pool and spa with pool house. Master suite with fireplace and large deck. Outdoor kitchen with barbecue, sink and fridge. Horses are permitted with trails adjacent to the property.

130825-belgatos-kitchenAdd it up: 4165 + 840 = 5005 sf. Yay! This house wins the Burbed ginormous tag by 5 square feet.  It’s also been on the market for (gasp) an entire month. Now let’s see what nomadic’s nominating statement for this property is.

Seller is a licensed RE agent.  There are only seven listing pics.  Seller has this priced just $70k above their 2006 purchase price, and I would guess it’s priced close to market value.  When the current seller bought the place, they paid $1.2M more than the previous sale price seven years earlier (the price doubled).  That previous seller was related to their agent.  Is this house now only bought & sold among realtors? There is no indication of any remodeling or building in between transactions.  This is the slums of Los Gatos – was it really in the RBA between 1999 and 2006?

130825-belgatos-poolIn summary, the price doubled in the seven years 1999-2006 and then stagnated for the seven years since. Ouch.

Don’t be silly, nomadic. The property most certainly did not stagnate. It ripened, like a fine wine, or cheese, or toe fungus. Obviously if YOU buy this property today, the price will quadruple in ten minutes, ensuring the RBA Property Doubles Every Ten Years rule we know and love.

But in order for that to happen, somebody had better buy this place before the various realtards selling it among themselves mistakenly ask so much that everyone forgets to overbid.

Comments (4) -- Posted by: madhaus @ 7:03 am

June 22, 2013

The very best house “in the center of silicone Valley”

2148 RALMAR Ave, East Palo Alto, CA 94303

20130618silicone

Let’s face it – there are enormous pools of cash these days, in search of great investment opportunity. You probably have some of that cash, desperate to get some sort of return for it.

And here, ladies and gentlemen, is one of the best investments… ever.

In “the center of silicone Valley” is this amazing cash cow gem. Now, we all know that Realtors cannot lie – because if they do, they are sent to the Realtor Tribunal, judged by other Realtors who have only the highest ethics and professionalism in the land – and thus we must acknowledge that this house really does have 6 bedrooms and 4 bathrooms in a mere 1,728 sqft.

Just think about how many hackers you can fit in there, hacking away at the next service that can allow us to record 200 characters, 8 seconds of video, or find 3 matching virtual dog treats and crush them together. Think how much you will be able to charge these hackers who make $300,000 a year, changing the way we live, eat, sleep, crush virtual dog treats.

It even comes with gated doors and windows, to help the enormously valuable intellectual property that will lie asleep within – dreaming up new ways to help us be more local, social, mobile, farm to fork, Second Life… oh whoops… big data.

This can be yours. It will be yours. Pick up the phone today. But a bid in. No wait, but in two bids. Then hire Frank Gehry and M.C. Escher to remodel this home. Hey, after all, you’ve gotten to level 924 in Kitty Treat Crush Sagas… tackling this remodel will be a cinch for you!

Comments (2) -- Posted by: burbed @ 5:33 am

March 12, 2013

One of a kind with creek and stone bridge that adds to its charm

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.

130311-shannon-redfin16005 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.

130311-shannon-frontYou 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.

130311-shannon-livingVisited 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.

130311-shannon-view

See some resemblance?

130311-shannon-incredibles-house

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

Comments (6) -- Posted by: madhaus @ 5:03 am

February 28, 2013

Who Ya Gonna Call in Los Gatos?

Properties featured on Burbed can be one of several things.  They can be the classic ridiculously high-priced crapbox, which is our bread, butter, and without so much rat in it.  There’s your basic eye-popping completely-overdone-for-the-neighborhood McMansion.  There’s your that’s-not-eclectic-that’s-just-WTF white elephant that doubles as a falling knife.

Today’s property seems to fit into that third category. Thanks very much to longtime Burbed reader sonarrat, back with more Bay Area Real Estate Win!  And speaking of Realty Win, today’s winner is also Movoto because Redfin is on the blink and wouldn’t load this listing up.  (Or maybe they blocked us because they’re sick of our whining about those trackbacks.)

130227-blackberry-movoto15950 Blackberry Hill Rd
Los Gatos, CA 95030
$4,095,888

Loan Payment: $14,260/mo
Bedrooms: 5
Bathrooms: 4&1/2
Size: 5,700 sqft
$/Sqft: $718/sqft
Type: Single Family House
Year Built: 2010
Lot Size: 1
Days on Movoto: 44 days
MLS#: 81301292
Status: Active

CUSTOM GATED ESTATE. NEWER CONSTRUCTION. NEVER LIVED IN. MAIN HOUSE: 4,500 SF. 1,033 GUEST HSE. HIGH-END FINISHES. SMART HOUSE; DIGITAL EVERYTHING. VEGAS STYLE PEBBLE TEC POOL W/LED LIGHTS & H20FALLS! AMAZING UNOBSTRUCTED VIEWS: SF TO SJ FOOTHILLS. CHEF’S KITCHEN, VIKING APLS. HIGH CEILINGS. 3 CAR GARAGE. RESORT PROPERTY. *AMPLE* FLAT; MORE FLAT LAND THAN YOU THINK! 1.5 MILES TO DWNTWN. LG SCHOOLS

And here’s why sonarrat checks in with this property:

130227-blackberry-dhoLos Gatos – $4 million, Ghostbusters pool.  Built in 2010, never lived in. Is it any wonder?

Is the house also infested with ectoplasmic residue, or is all telekinetic activity confined to the pool?  Also for some reason Movoto doesn’t provide the lot size.  Per Zillow, it’s 87,120 sq ft, sufficient to snag an acreage tag.

BUNUS: Dude Hanging Out (DHO) in listing photo #20, admiring *AMPLE* FLAT; MORE FLAT LAND THAN YOU THINK!

Comments (8) -- Posted by: madhaus @ 5:04 am

November 26, 2012

Cheapest House yet for Cyber Monday!

121122-blackfridayWe’re not just having Black Friday deals, we’ve got the cheapest housing all throughout the Bay!  Today we’re looking for the cheapest house in Alameda County.

Think you can’t afford a house? Boom. You could buy this one and still have enough left over for… oh… ANOTHER HOUSE.  The argument e-store is now offline.

 

121125-91st-redfin1351 91ST Ave
Oakland, CA 94603
$39,888

1 Beds 
1 Baths 
634 Sq. Ft.
$63 / Sq. Ft.
Built: 1927 
Lot Size: 2,725 Sq. Ft. 
On Redfin: 5 days
Status: New
Type: Detached
Stories: 1
County: Alameda
Style: Traditional
Community: Oakland
MLS#: 40596586

Nice started home, good for investor. Bring your offers

That’s right! Bring it!  When you do, maybe you can figure out what’s in the structure in the back and why the roof looks, um, distressed.

121125-91st-satellite

They did say it was a nice started home. You just have to figure out what they started.  But look on the bright side.  It’s a gated community!

Comments (12) -- Posted by: madhaus @ 5:03 am

October 5, 2012

UPDATEDx2 with a MURDER: WOW! Sunrise and Sunset included! PRICED TO SELL !!!

9:50 AM: See end for update.  It’s worth it.
12:09 PM: Another update on the other murder.

It’s time to play Build a Ginormous House Somewhere Not As Expensive As The Real Bay Area and then try to find a buyer! Ready?  It’s Burbed reader J from Alameda‘s turn with this lovely Lafayette listing.

121004-hunsaker-redfin1901 HUNSAKER CANYON Rd
Lafayette, CA 94549
$1,998,000

4 Beds
3.5 Baths
6,200 Sq. Ft.
$322 / Sq. Ft.
Built: 2003
Lot Size: 13.50 Acres
On Redfin: 39 days
Type: Detached
Stories: 3+
Community: Burton Valley
MLS#: 40587017
Style: Other
View: Canyon, Carquinez, City Lights, Forest, Hills, Mountains, Mt. Diablo, Valley
County: Contra Costa

WOW! $1+M price reduction! What a buy!! 13+- acres. Gated 360% View! Italian Villa/ stone, hardwood fls, custom & antique lighting. Finest materials including stone, hardwood, beautiful moldings and mllwork. Sunrise and Sunset included ! Rm for pool tennis/guest house/vineyard. PRICED TO SELL !!!

121004-hunsaker-kawlums-archHere’s why J from A sent this in:

As promised, a lovely chateau – in the Lafayette hills. Of note: a million dollar price reduction, a reasonable $322 a square foot and lots of columns.

Somehow it seems that 3.5 bathrooms spread across 6,200 sq feet of living space is not quite the usual ratio – a new way to measure houses – bathrooms per square feet? I am sure the buyer will be happy to have an elevator to navigate all those stories. Enjoy!

121004-hunsaker-kawlums-balconyYou’re right, J. We’ve noted the business of beaucoup bathrooms in ginormous houses for people with too much money and not enough taste. No wonder this place had a million dollar price reduction.  According to the LA Times, this house needs at minimum 8 rooms for waste disposal and sluicing.

Good thing it was PRICED TO SELL !!! We’ve seen enough houses that were priced to stay empty or priced to sit on the listing service for years and years.

Like, um, this house:

121004-hunsaker-listing-history

Even Zillow thinks the house is worth $2,169,784. Instant equity!  Ka-ching!

Update 9:50 AM: Burbed reader magdalena alerts us to this 2005 SF Chronicle article that specifically mentions the house.  In a this-would-never-be-believed-as-fiction tragedy, the wife of criminal defense lawyer Daniel Horowitz was murdered in “the entryway of the home.” Wikipedia says she was murdered in a mobile home on the property while their “dream house” was being completed.  The murder occurred four days after the beginning of a high-profile trial where Horowitz was defending Susan Polk, accused of killing her husband in their Orinda home. Horowitz had taken the case after Polk had fired her previous lawyers for encouraging her to plead insanity.

This led to a mistrial, but as Horowitz prepared for Polk’s second trial, she fired him, convinced that he had something to do with his wife’s murder.  16 year old Scott Dyleski was convicted of the murder; supposedly he intended to kill a neighbor who had run over his dog and went to the wrong house.  Polk’s story manages to get even more bizarre after Horowitz was fired (this Dateline NBC link confirms the mobile home claim from Wikipedia).

WOW!  Sunrise and sunset is just the entryway of what’s included with this house!

Update 12:09 PM: Murder kills home values as well as people.  Check out Susan Polk’s house.  We found a listing e-flyer, and Redfin has the price history:

 

 

Comments (29) -- Posted by: madhaus @ 5:03 am

September 30, 2012

Kittehz 4 Sale on ur haiwhey

Here’s a property coming on the market that you don’t see every day.  The Cats estate in Los Gatos is for sale.  It’s right off Highway 17 just a mile south of downtown Los Gatos, next to the The Cats Restaurant & Tavern.  Thanks very much to Burbed reader Kir from Inside Los Gatos for passing this item along.

120929-cats-sothebys

More info, and videos, are at the agent’s site.  The property is nine separate parcels consisting of over 75 acres of land, with three different originally built houses.  Views galore, of course.  It can be yours for $8,995,000.

120929-cats-platFacts and Features

Main House:

3985 Square Feet
Built in 1925
5 Bedrooms
4 Bathrooms
Remarkable Valley Views
Finished Basement-perfect for wine cellar
View Amphitheater
Terraced Courtyard
Famous collection of notable “attached” art work

Additional Buildings:

The Gatehouse
The Poet’s Cottage
The Ranch
The Geodesic Dome
The Teacher’s House
…more

Additional Features:

Gated entry featuring the famous Stone Cats
Riding/biking trails
Poet’s Canyon
The secret benches
The round bench
Superb acreage for horses
Natural splendor, a photographer’s paradise
Natural springs
Suitable for vineyards
120929-cats-gatehouseMountain, valley and lake views

Chain of ownership:

1920-1955
Charles Erskine Scott Wood & Sara Bard Field
1955-1960
Fred G. Hampton
1960-Current
Ogilvie Family

Does nine million seem like the right price for a property like this?  Think of all the fun you’ll have with everyone who ever knew you in elementary school dropping by because “they were in the neighborhood.”

This is the gatehouse above right.  Below is the main house.

120929-cats-main

All these pictures were snagged from the videos on Duane Adam’s site.  Below left is a view inside the main house, and below right is the Poet’s Cottage.  The latter gives just a taste of the views from the property.  Plenty more in the videos, plus footage from the 1930s!

120929-cats-inside120929-cats-poets

Watch the daughter of the current owner get all choked up over the property being sold.  She says whoever gets the property will be “very lucky,” so why didn’t they price it at $8,888,888?

One thing we did discover that isn’t on Adam’s site: the actual address.  If you bought the Cats Estate, you’ll be receiving your mail at 17525 Santa Cruz Hwy, Los Gatos, CA 95033

Comments (9) -- Posted by: madhaus @ 5:06 am

May 4, 2012

Flippin’ in Los Altos

Yesterday we suggested you could spend more than two million dollars on an empty spot of land in the middle of flipping nowhere.  Today we’re also flipping, with a quick-turnaround sale found by Burbed reader Mr. Kiasu.  Oh, and did we mention that the market is hot, hot hot?  Except for here.

1448 FOWLER Ln
Los Altos, CA 94024
$2,665,000, reduced from $2,995,000, reduced from $3,295,000

120503-fowler-redfin

BEDS: 6
BATHS: 3.5
SQ. FT.: 4,876
$/SQ. FT.: $547
LOT SIZE: 0.35 Acres
PROPERTY TYPE: Detached Single Family
STORIES: 2
VIEW: Neighborhood
YEAR BUILT: 1900
COMMUNITY: South of El Monte
COUNTY: Santa Clara
MLS#: 81211504
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 36 days

Turnkey 1900 Craftsman style Plantation home. .. own a piece of LA History. Poss Mills Act Tax Savings. 4800sf + 1800sf basement. Updated w/ new kitchen w/ marble countertops, remodeled baths and wood floors throughout. Newer fndtn, new copper plumbing, upgraded elect. panels, new zoned heating. Expansive back yard w/ pool & large lawn. Great cul-de-sac w/ LA Schools. Poss Seller financing options.

120503-fowler-kawlums[4]Here’s why Mr. Kiasu thought you’d like to see this home on the front page.

Spring bounce in Los Altos!

Bought in oct 2011 for 1.5, now on sale for 3.29.

Probably a flip but we’d need to see the pictures for last October I guess. Neighbors are all in the 1.5 range.

120503-fowler-gateNo history before the October sale, so maybe it’s been in the same family since 1900.

Wait, $3.29?  Not anymore.  Now it’s $2.65.  And still very much for sale.  Even with all those mawbul kawlums.  How could that be?  It’s on a cul-de-sac and there’s a gate to keep out the riffraff and everything.

Fortunately, the old pictures are still available for our perusal, so thank you Redfin!  Here’s a lovely pair from the old and the new of the same room.  Do you think they replaced the pool table?  Which one is the new sale?

120503-fowler-poolroom-old120503-fowler-poolroom-new

120503-fowler-kawlums-old-listingYes, comparing the old and the new listing photos really is something.  For example, just a quick glance led to this find of bunus kawlums not available in the current listing!  So it definitely pays to check selling history when looking at a property listing.  That’s when you notice how many things in this house haven’t been updated and then wonder how the seller can justify more than doubling the price on this flip.  We can see just how successful that gambit was.

Now sit back and listen to some really annoying light jazz while you enjoy the virtual tour.

Comments (2) -- Posted by: madhaus @ 5:02 am