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 7, 2012

Like lawns? You’ll love this house in Mountain View!

Today’s house must be an Olympic-level winner, because three different Burbed readers sent it in.  We’re sure you’ll love it as much as they did.

375 ANNA Ave
Mountain View, CA  94043
$698,000

120806-anna-redfin

BEDS:  4
BATHS:  2
SQ. FT.:  1,216
$/SQ. FT.:  $574
LOT SIZE:  5,000 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT:  1956
COMMUNITY:  Thompson
COUNTY:  Santa Clara
MLS#:  81227441
SOURCE:  MLSListings
STATUS: Active
ON REDFIN:  8 days

Contractor Special! Excellent opportunity to purchase a fixer-upper in a great location in the Monta Loma Neighborhood. Excellent floor plan with private rear yard backing up to Monta Loma Elementary.

Here are the nominating speeches, first from dollarbin:

From the always popular Monta Loma neighborhood we have a hot little “contractor special”.

Only $574/sq ft?  Fortunately, local realtor Pat Jordan’s newsletter has the full story:

“375 Anna Avenue, 3 BR, 2 BA Mardell with 1,216 Sq. Ft. on 5,000 Sq. Ft. lot.  In very poor condition, offers subject to inspection (cannot see until an offer is written, because it is infested with fleas).  Notice of default has been filed.  Listed for $698,000 by Sereno Real Estate. “

I guess I won’t be able to post a first hand account from an open house.  In fact, I drove by tonight and they’re going with stealth marketing, there isn’t even a sign out front.

Not only that, have a look at the Googlecam.  The next-door neighbor is close.  Real close.

120806-anna-streetview

Bunus: trash bins!  Next, another nod from mabel du, who was yesterday’s Guest Blogger:

there’s only one pic on zillow or redfin, and boy-howdy it’s a beaut!  doesn’t it make you want to rush to buy this gem?  you could lose sight of your dog or kid in that weedy front lawn.  the realtor is set to make a chunk of money on this place, but he couldn’t drop $50 to get the front yard mowed?!?

“…private rear yard backing up to Monta Loma Elementary” -  oh yeah.  the sounds of screaming kids, intercom announcements, and timed school bells all day long, that’s “private” and peaceful.  (check out the satellite maps)   in case you were ondering – the school bells ring early & often, even on holidays.  so don’t plan on sleeping late very often.

Sleep late?  With all those delightful sounds you’ll be hearing?

120806-anna-satellite

Not to mention the amazing history this offers.  Well, amazing listing history.

120806-anna-listing-history

Looks like this property is back in the RBA, if it can pull off this price double after just 13 years.  Which it really needed, after losing value from 10 years before that.

Comments (17) -- Posted by: madhaus @ 5:08 am

June 19, 2012

Buy one, buy another one in San Mateo!

Ever thought about building you very own family compound?  Now you can!  These neighboring homes are for sale, so why not buy both?  Thanks very much to Burbed reader amer_icongrl for sending us these San Mateo specials.  And we promise, these are Real Special.

3815 EDISON St
San Mateo, CA 94403
$599,000

120617-edison-redfin-3815

BEDS: 2
BATHS: 1
SQ. FT.: 1,040
$/SQ. FT.: $576
LOT SIZE: 5,490 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1946
COMMUNITY: Westwood Knolls
COUNTY: San Mateo
MLS#: 81222217
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 5 days

CHARMING WESTWOOD KNOLLS HOME! LOCATED ON THE WORLD RENOWN SAN FRANCISCO PENINSULA, WITHIN MINTUES FROM SCHOOLS, SHOPPING CENTERS, TRANSPORTATION AND THE SAN FRANCISCO INTERNATIONAL AIRPORT! THIS HOME FEATURES GLEAMING HARDWOOD FLOORS, AN UPDATED EAT IN KITCHEN WITH GRANITE COUNTER TOPS, FRENCH DOORS LEADING OUT TO A PRIVATE PATIO AND AN ATTACHED GARAGE! HURRY! THIS HOME WON’T LAST LONG!

..but wait, there’s more!

3821 EDISON St
San Mateo, CA 94403
$596,600

120617-edison-redfin-3821

BEDS: 2
BATHS: 1
SQ. FT.: 1,040
$/SQ. FT.: $574
LOT SIZE: 5,490 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1946
COMMUNITY: Westwood Knolls
COUNTY: San Mateo
MLS#: 81219113
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 27 days

Great starter home on the west side featuring two bedrooms and one bath. Nice large deck, yard, views and more. This is your oppportunity. .. don’t miss it

We’ve got plenty about both houses… after the break.

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Comments (18) -- Posted by: madhaus @ 5:09 am

June 18, 2012

AMAZING DEAL WILL NOT LAST

Fire up your tardis and set the controls for two days ago, because there was an Open House on this Evergreen estate and you probably missed it!  Thanks very much to Burbed reader Swan for this bodacious botch-up.

3545 EDGEMAN Ct
San Jose, CA 95148
$6,399,999

120616-edgeman-redfin

BEDS: 4
BATHS: 3
SQ. FT.: 2,699
$/SQ. FT.: $2,371
LOT SIZE: 0.26 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 2
YEAR BUILT: 1987
COMMUNITY: Evergreen
COUNTY: Santa Clara
MLS#: 81219851
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 22 days

Evergreen High School. Open house this Saturday, June 16, 2012, from 2-4pm. PRICE REDUCED 60K. BUYERS RUSH TO SEE THIS PROPERTY. EXCELLENT SCHOOLS. SPACIOUS 4 BEDROOM WITH 1 BEDROOM DOWNSTAIRS. AMAZING DEAL WILL NOT LAST. This is a shortsale with 1 lender only. Will close fast. PLEASE DO NOT CALL. FOR ANY QUESTIONS PLEASE EMAIL alexiatnguyen@gmail. com

Here’s what Swan has to say about THAT:

120616-edgeman-satelliteReally?  $6.3 million in Evergreen?  I think it will be around for awhile.

Talk about a typo.  Listed for $699K  on May 31, price changed to $6,399,999 on June 15.  That’s some price change!

Hope you get to see this before they correct it!

Correct it?  They’re lining up the armored cars for the outsized overbidding that’s going to result from this masterly marketing maneuver.  And it’s not as if this home price history hasn’t already experienced the thrill of victory, and the agony of defeat.

120616-edgeman-price-history

It’s participated in the run-up, peak, and bust of the previous real estate bubble, 3 sales within five years!  Now, after staying with the same owners for almost 20, it will be selling shortly.  Or at least it would if the realtard had counted how many nines she entered.

120616-edgeman-streetview[4]

So here’s one last look at the house, courtesy of Google Streetview. Place your bets on how quickly the new price ends up in that trash bin.

Update: This amazing deal did not last.

120616-edgeman-updated-listing-history

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

June 15, 2012

Huge lot in Blossom Valley… Daly City?

Here comes another weekend, so let’s end on a high note.  This one is on the high end of the Peninsula: Daly City!  If you went any further north you’d be out of the burbs!

38 CLAYTON Ct
Daly City, CA 94014
$549,950

120614-clayton-redfin

BEDS: 3
120614-clayton-fireplaceBATHS: 2
SQ. FT.: 1,870
$/SQ. FT.: $294
LOT SIZE: 3,978 Sq. Ft.
PROPERTY TYPE: Attached Single Family
STYLE: Contemporary
STORIES: 2
VIEW: City Lights
YEAR BUILT: 1977
COMMUNITY: Blossom Valley
COUNTY: San Mateo
MLS#: 81222584
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

Three bedrooms, two bathrooms upstairs with an in-law unit down (not warranted). Remodeled kitchen. Updated bathrooms. Beautiful city views. Two car side by side garage. Quiet cul-de-sac location.

120614-clayton-viewWe didn’t even know that there was more than one Blossom Valley, let alone a Blossom Valley with City Lights views.  And there are indeed City Lights views in the first picture, thanks to the glare off the car in the driveway. 

Wonder why the listing copy isn’t screaming “Views! Views! Views!”  Because this one ought to be adding another $150K to the asking price.

And we meant it about the big lot.  Take a look!

120614-clayton-satellite

And check out the listing history!  This house could be the basis of its own soap opera.

120614-clayton-listing-history

Finally, it’s about time we ran another pink house in honor of our founder’s taste in paint.

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

April 13, 2012

An oldie but a goodie in Mountain View

Today is the last entry of a string of hella fine housing from Burbed reader Petsmart Groomer.  We hope you have enjoyed Petsmart Groomer week.  Next week we’ll return to a mix of properties from all over the Bay Area submitted by some of our other readers (if we still have any).

Many thanks again to Petsmart Groomer for all the finds, including this, um, place that’s been on Burbed twice already!  But you’d have to go all the back to 2008 to remember this one.  That was so long ago we were still using the MLS website for our listings!

120405-middlefield-burbed-080327[6]

And then we revisited the same house again three months later!

120405-middlefield-burbed-080611

Now it’s back, and it’s better than EVEH!  You can find out how much better after the break!

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Comments (8) -- Posted by: madhaus @ 5:08 am

April 4, 2012

Post-modern style meets post-modern price in Los Gatos

Thanks very much to Burbed reader nomadic for finding this luscious living situation in Los Gatos, one of Silicon Valley’s few celebrity domiciles!

300 SANTA ROSA Dr
Los Gatos, CA 95032
$5,000,000

120402-santarosa-redfin

BEDS: 6
BATHS: 6.5
SQ. FT.: 7,500
$/SQ. FT.: $667
LOT SIZE: 1.19 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Modern/High Tech, Contemporary
STORIES: 2
VIEW: Canyon, Valley
YEAR BUILT: 1986
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81207180
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 38 days

This exquisite 7500 sq/ft, 6 bedroom, 6.5 bath home on 1.19 acres nestled in the Los Gatos Mountains, combines post-modern style with majestic natural views. It is a natural abode for light and warmth. Recently re-designed and renovated, this home was originally built by Steve Wozniak, co-founder of Apple Computer, Inc. and retains several of his most unique design elements.

120402-santarosa-loudcolorsHere’s why nomadic sent us this natural abode for light and warmth:

The former Wozniak house.  Featured on burbed many moons ago, and now listed for $5M.  Look at its history.

We don’t have anywhere as many celebrities in Silicon Valley, but Woz is one of the few that we ought to look into a house he had built.  So let’s have a look at how this house was marketed back in the early end of the bubble days of 2008, right after the break!

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Comments (10) -- Posted by: madhaus @ 5:08 am

March 29, 2012

Great potential in Saratoga

120328-northampton-saratoga-chartRemember the house we featured yesterday, the “fixer” in San Francisco?  Yes, it was in hot, hot, HOT Noe Valley, so of course all the agent had to do was take pictures and slap that puppy on the MLS to let the wild overbidding start.  This low-inventory situation means less work for agents, so they can spend more time finding more excellent properties… for our front page.

Inventory isn’t low just in San Francisco.  Today’s house in Saratoga, courtesy of Burbed reader hsjb, may remind you of yesterday’s.  Grab your oven mitts, because you better be ready for the heat!

12546 NORTHAMPTON Ct
Saratoga, CA 95070
$1,299,888

120328-northampton-redfin

BEDS: 4
BATHS: 2
SQ. FT.: 1,880
$/SQ. FT.: $691
LOT SIZE: 9,945 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Mountains
YEAR BUILT: 1962
COMMUNITY: Saratoga
COUNTY: Santa Clara
MLS#: 81207583
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 28 days

single family ranch style home in a quiet cul-de-sac with great potential!! 4 bedrooms, 2bathrooms, 3yr new red tiled roof, hardwood floors, copper plumbing, nice size yard with pool and jacuzzi, close to great schools and needs updating and reflected in the price.

Here’s what hsjb had to say when alerting us to this superb suburban synonym-for-“house”-that-starts-with-the-letter-S.

120328-northampton-livingroomOwners can’t understand why it’s not selling

The agent who took these photos really knows how to make this home look attractive enough to go check out.

He certainly does! Yet after this was sent in to Burbed, the house went pending anyway!  This is a signal to realtards everywhere: you needn’t bother with the light bulbs and Drano anymore.  These houses really do sell themselves.  All the agent needs is a camera phone.  We’ve got plenty of pictures for you, so click on through to the Open House!

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Comments (18) -- Posted by: madhaus @ 5:14 am

March 14, 2012

UPDATED: Gourgeous East SJ home could possibly be used as an arena

Today’s prestigious property was sent in by Burbed reader Tracy.  You know that saying about shutting the barn door after the horses run away?  These barn doors are wide open, and the barnyard is large.  Deep, too.  Come to Peacock Canyon, and breathe in the fresh air.

UPDATE at end of article.

16235 ALUM ROCK Ave
San Jose, CA 95127
$320,000

120313-alumrock-redfin

BEDS: 3
BATHS: 2
SQ. FT.: 1,400
$/SQ. FT.: $229
LOT SIZE: 2.17 Acres
PROPERTY TYPE: Detached Single Family
STORIES: 2
VIEW: Mountains, Canyon
YEAR BUILT: 1900
COMMUNITY: Alum Rock
COUNTY: Santa Clara
MLS#: 81208053
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 11 days

Historic ALum Rock Stables is ready for a new start. 12 stall horse stable as well as level lot that could be used for a home or possibly an arena. Gourgeous views of Peacock Canyon and access to the Alum Rock Regional Park make this an ideal location for the horseman or naturist.

120313-alumrock-yellow-roomHere’s why Tracy sent this listing in for some Burbed loving.

I have fantasized about this place, many times when it has been on the market. It looks to be located midway down a landslide, but that might just be me. The view is amazing, and the price seems right, but it is a crap shack, so qualifies for the burbed treatment.

120313-alumrock-greenIt certainly does!  This place sold for an eye-popping $1.2 million in 2006, which means it’s worth almost two million now.  What a deal the bank is offering. 

And go over to the Redfin listing to check out the pictures, because this is another one of those homes for visually organized people where every room is painted a different very bright primary color.  Maybe the FBs were running a daycare along with the horse business.

120313-alumrock-toilet

Given how old the structures are, these are in surprising good shape!  They were built in the 19th Century, yet modernization was allowed to happen.  Look, they even installed indoor plumbing!

Now if you really want some cognitive dissonance with your morning coffee, check out Zillow’s price history:

120313-alumrock-zillow

120313-alumrock-stableYou let those horses out of the barn, and the barn is now worth less than it was 21 years ago.  Then again, Zillow has a completely different set of pictures for the property, so that could explain the discrepancy.  Also a different address.  Maybe these are competing Alum Rock Stables properties.

Well, one address or the other is an ideal location for the horseman or naturist.  I just wonder if the Realtard who wrote this copy knows what a naturist is.

Update 12:15 pm: The Redfin link above is now bouncing to 11125 Canon Vista Ave, with 2006 information. And different pictures since that’s a previous listing. It also says that property is pending as of today.  Head over to Trulia to see the above pictures and copy, while you can.

Comments (16) -- Posted by: madhaus @ 5:02 am

March 7, 2012

IMAGINE Your Mega Estate with Vineyards & Helipad

We recently received this email (without the pictures; I selected them especially for the excess smug):

120306-hicks-pollutionOpen House 23+ Acres $1,288,000 in Los Gatos Sunday 01-29-2012 OPEN 1-5pm

Take in the spectacular views!
OPENHOUSESunday 1PM-5PM!

21631 HICKS Rd, Los Gatos, CA 95032
MLS# 81200553
23 beautiful acres with SFR
Priced to sell @ $1,288,000

Spectacular views of city lights, Lexington Reservoir, the Santa Cruz Mountains and the Valley.
Build your dream estate on this 23 acre property with over 3 buildable pads.

120306-hicks-pollution-2A secluded and private retreat close to town!
Possibilities are endless, vineyards, horses, lush gardens, orchard, solar, Helipad.
Only 5 minutes to Los Gatos.

Valuable property that is priced to sell now.
Thanks,
agent name and phone

p.s. Email me if you would like to see photos of the property.

Hicks Road?  Why did that seem familiar?  Ah, yes!

120306-hicks-burbed-2010

We don’t know why this agent’s email got caught in a time warp where it didn’t show up until yesterday, but we can only assume it was sent to Burbed because they want the property featured again.  The least we could do is oblige them.  Quickly.  Click on through to see how the place is being marketed now.

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Comments (10) -- Posted by: madhaus @ 5:00 am