November 3, 2011

Move in with confidence!

Here’s another bubblicious find from Burbed reader nomadic!  This is a delightful Los Gatos home, so well-situated that hundreds of people will drive by every hour to admire it!

 

14540 BLOSSOM HILL Rd, Los Gatos, CA 95032
$948,000

image

BEDS:4
BATHS: 2.5
SQ. FT.: 2,193
$/SQ. FT.: $432
LOT SIZE: 0.29 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1967
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81142627
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 26 days

Wonderful home in Los Gatos on xx-lg-lot presents everything a buyer is looking for. Remodeled home with granite kitchen, wood floors, open living areas, architectural details of scalloped arched ways, crown molding, inset lighting and lots of natural light, dual-paned windows, large 2.5 baths with double sinks, large master with 2 closets, bonus vanity. Easy commute access. Move in with confidence!

imageHere’s what nomadic had to say about this house

Failed flip, foreclosed, for sale.  A realtard bought this place in ’06 and did all of the renovation work.  The bank ate the loss in ’08.

These people have done nothing to the house since buying it 4/09.  It’s on a busy street with a freakin’ traffic signal in the front yard.  But they figure it has appreciated 30% in 2-1/2 years.  I expect this to linger on the market for many months to come unless they get real about the price.  They would be phenomenally lucky to get $800k; more realistically, $750k-ish.  Look at the awesome street view.  Just to the right is an assisted-living facility; at least the neighbors will be quiet.

That is one amazing default Streetview shot.  I’m wondering about just how wide-angle a lens they must have used to take that picture above from the sidewalk.

image

And you just can’t beat the feng shui of a T-intersection with another arterial.  That means all that commerce and prosperity is going to flow right into your house.  Or is it out of your house? And speaking of out, here’s the assisted living facility next door.

image

If you have allergies, this is a great neighbor to have: 80% of the front lawn is paved.  But back to the feng shui, if these residents need assistance to live, does their health flow into your house or the other way ‘round?  This is like Cations and Anions, I can never remember which is which.  But as long as both are flowing in or out, you’ll either get commerce or health!  Make an offer with lots of 8s in the price and move in with confidence!

Comments (18) -- Posted by: madhaus @ 5:04 am






October 30, 2011

Updated: For Halloween Weekend, Here’s a Scary Treat for You from Burbed!

imageOoops, my bad.  It’s a trick.  It’s a trick!

You see, Forbes has their new list of the 500 Most Expensive Zip Codes out, and it’s time to see how much of the Real Bay Area (RBA) can Occupy The Forbes Zip List!  Since this series is a perennial Burbed favorite, we’re going to devote the next five hundred weekend posts to lovingly analyzing every single aspect of this new set of delicious demographic domicile data.

Today: The Top 50 Most Expensive Zip Codes

Hey wait, come back!  This is going to be really good!  We’re going to see which zip codes gained or lost ground since last year!  Maybe some of them get kicked out of the RBA for this!  This is a Burbed exclusive, too, Forbes didn’t bother doing any analysis of their own list changes.

imagePlus this year’s Forbes feature has the top 50 places show the most expensive house so we’ll link to each listing, plus what you can get for a mere million. That means nothing in the RBA except one crapshack in Los Gatos despite their featuring 20 different “expensive” zips.  Ha ha!  Our expensive zips are so Special we don’t let any stinking one million dollar properties in!

We also love to catch Forbes in mistakes, so if there’s something more expensive they missed, or if they otherwise screwed up like last year, we’ll be sure to let them know with as much obnoxious chortling good-natured ribbing as possible.  It’s going to be awesome!

Updated: And the TRICK is on Forbes for a Burbed Treat!   They have screwed up very, very badly.  Badly enough that I’m wondering if their (bad, really bad) mistakes made it to the print version of this feature.  If anyone has a copy, please let us know in comments.

I’ve grabbed the Days on Market (DOM) from the big table as Burbed readers Divasm and nomadic point out every single zip had a DOM of 200.  That’s highly unlikely.  Nice going, Forbes!  I can’t wait to see if your other numbers disagree too!  (Yes, they’re fvcked.)

I’m also putting a break in right after the first entry, because this article is not one of our shorter pieces.  And now, here they are!  Every Northern California entry in Forbes Top 50!

#2: Atherton 94027

  • Median Home Price: $4,295,000
  • Median Price Change: +7.1% ⇑
  • Average Days On Market: 200 162
  • Inventory: 162 41
  • Rank Last Year: #2 (no change)  Exclusive BURBED content, Not on Forbes!
  • Most Expensive Home: $20 Million (52 Tuscaloosa Avenue)

imageOh little town of Atherton
How high we see thee lie
Above thy rich and floodless ditch
You burst with equitie
Yet in they dark streets shineth
No mortgage meltdown mess
The hopes and quips of other zips
Are met in thy address

Oops, Tuscaloosa now listed for $18.9 million.  Sorry about that!  Are you Astonished?

Also I found this $24M home, listed a month ago.  Guess they missed it when putting their article together, since it ran a couple of weeks ago.  But Homes of the Rich found it too.

More after the break!  Much more!

(more…)

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

October 27, 2011

Los Gatos home with 45% negative equity, great for family and kids

Thanks very much to Burbed reader nomadic for this rather intriguing high-price, low-photo listing in Los Gatos!

 

14880 LAS FLORES Ln, Los Gatos, CA 95032
$2,200,000

image

BEDS: 4
BATHS: 4
SQ. FT.: 4,428
$/SQ. FT.: $497
LOT SIZE: 1 Acre
PROPERTY TYPE: Detached Single Family
STYLE: Mediterranean
STORIES: 2
VIEW: Mountains, Neighborhood
YEAR BUILT: 2003
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81141712
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 4 days

country location four bedrooms and four baths three car garage huge yard great for family and kids

Here’s why nomadic thought you’d like to see this house:

  • Weird history
  • $3.4M in loans
  • Short sale listed at $2.2M
  • Last “sold” in 2010 for $600k

Let’s have a look at that history.

image

What? No previous foreclosures?  No “not an arms-length transaction”? The seller isn’t a licensed real estate agent?  It wasn’t sold in 2006 for twice the asking price?  The Zillow history makes the above look a little stranger.  Note the July, 2010 sale.

image

And $3.4 million in loans on the house sounds like something straight from Irvine Housing Blog.  But here’s something you won’t see on IHB:

image

Yes, that’s this house in Google Streetview plus Burbed KawlumVision.  No wonder the place went pending in only 4 days.  I’m sure the bank will rush that offer right on through.

Comments (13) -- Posted by: madhaus @ 5:10 am

October 22, 2011

Silicon Valley Luxury Real Estate’s Most Astonishing Webpage Ever

I read a lot of real estate sites in order to bring you Burbed-worthy features.  Recently, I found an agent’s special “Astonishing Homes” page that looked absolutely scrumptious.  Plenty of seven and even eight-figure high-end properties on acres of land with great schools.

Now I know absolutely nothing about this particular agent, but all these homes were on MLS. Member agents can detail any MLS listings in their region, and Sophia Delacotte put together a webpage with nicer luxury properties for people to get some real estate pr0n action.  But something was amiss when I took a closer look at the actual listings.

image

With ten different houses, that’s ten front facades and ten sets of details.  I have all that waiting for you inside, but before you join me, make your prediction how many of these ten estate properties:

  • Sold (pending within 7 days)
  • Sold (pending within 30 days)
  • Sold in a longer timeframe
  • Are still active on MLS
  • Had their listing withdrawn
  • Had a price reduction at some point

For “bunus” yucks, guess how many of these ten estate homes have marble columns.

Got your guesses ready?  Good.  Now, let’s see these Astonishing Homes and find out if you’re as Astonished as I was.

(more…)

Comments (17) -- Posted by: madhaus @ 5:06 am

October 13, 2011

Modern architecture of approx 20 years old

Today’s featured property was sent in by Burbed reader Swan.  Thanks very much for this big, big, big listing with the small, small, small number of photos.

 

16450 AZTEC RIDGE Dr, Los Gatos, CA 95030
$19,995,000

image

BEDS: 6
BATHS: 8
SQ. FT.: 11,257
$/SQ. FT.: $1,776
LOT SIZE: 50 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: Tri-Level
VIEW: Bay, Mountains, Neighborhood, Valley, City Lights
YEAR BUILT: 1991
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81137011
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 45 days

Spectacular one of a kind property situated on approx 50 acres in one of the most unique settings in the World! Birds-eye views encompassing the entire Silicon Valley from downtown San Jose all the way to San Francisco. Modern architecture of approx 20 years old with amazing ceiling heights and open floor plan with sep guest house of over 2000 sq ft. Private and gated at end of quiet cul-de-sac.

imageHere’s what Swan had to say about this listing:

Here’s a $20 million property with only one picture.  Today’s blog made me think of this house.  A contrast between $200K in Gilroy with nine of the exact same pictures and a $20 million property with only one picture.

imageA contrast all right, and don’t forget this place in San Francisco with 23 pictures at about 1/70th the price.

Clearly this listing is an intelligence test.  Most average tech workers could find an address on the MLS, or at least on a site like Redfin or Trulia.  But can you find this house’s Special Secret Private Website?  Hint: there are no hints on MLS.

Click on through to have a look at the pictures the agent doesn’t feel you deserve to see, but first, see if you can find the website yourself.

(more…)

Comments (19) -- Posted by: madhaus @ 5:09 am

October 1, 2011

Another Blast from the Past: Stop Prohibition in Los Gatos!

Here’s an interesting picture sent in by Burbed reader nomadic.  It’s from the Los Gatos Library (motto: At least we don’t charge $90 for a library card like Saratoga!) and you might enjoy a look at life over a century ago.

Here’s what nomadic had to share about these pictures:

The lower level of the Los Gatos library is lined with historic pictures of the town.  I thought the one attached was pretty funny, as well as interesting because it had four parcels of land for sale for $1250.  The year was 1909 and the property owner was protesting a local prohibition law.  The second picture is a close up of the signs – be sure to read the top one.  The one on the right in the first shot says “Los Gatos” inside the graphic of the casket.

So, have a look!

LG1909-1

Have a better look at the signs. 

LG1909-2

Wait, what’s this about TAX RATE INCREASED 20%?  Can’t you read my lips?

LG1909-3

And one more close-up.  Can you imagine what that land would be worth today?

LG1909-4

Whoops, it would probably be on the Wrong Side of some street that hasn’t even been built yet.  And where’s the other house, anyway?  Note the early version of “Buy now or be priced out forever!”

This is a Weekend Open Thread.  Have at it.

Comments (8) -- Posted by: madhaus @ 5:01 am

August 12, 2011

Flip This Location Fail

This new listing appears courtesy of happy-piggy over on Redfin’s Bay Area forums.  It’s definitely a flip, because the house changed ownership all of five weeks ago (as I write this).  Your challenge, dear Burbed readers, is to find as many reasons not to line this flipper’s pockets as possible.

Yes, we’re going to play What’s Wrong With This House.  See how many problems you can find!

178 LAS ASTAS Dr, Los Gatos, CA 95032
$949,000

image

BEDS: 4
BATHS: 2
SQ. FT.: 1,354
$/SQ. FT.: $701
LOT SIZE: 7,208 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1958
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81133706
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

GORGEOUS REMODEL * MAPLE CABINETS * CHERRY FINISH * SLAB GRANITE * S/S APPLIANCES * WOOD FLOORS THROUGHOUT * CUSTOM TILED BATHS WITH GLASS ACCENTS * SEAMLESS GLASS DOOR * HIGH END CARPET * NEW INTERIOR DOORS * HARDWARE * MOLDING * SEP LIVING WITH MARBLE FACED WOOD BURNING FIREPLACE * * SEP FAMILY ROOM * RECESSED LIGHTING * HUGE LOT * CENTRAL HEATING & A/C * NEW LANDSCAPING * DOUBLE PANE WINDOWS & SLIDERS * LOS GATOS SCHOOLS *

imageSo, what is that in the first picture?  Looks like the agent made a real point of minimizing something.  See what I mean?

image

Harder to see in the second picture (#18 on the Redfin page), but there I see something strung up there, more than enough to equip a sitar.  Let’s go to our eye in the sky to check this out.

image

No, I wasn’t seeing things.

image

YOWZA.  And here’s what happens if you look at the house on Streetview and then look straight up:

image

I’ll leave the rest of the hunting to you guys, but be sure to check the neighborhood out to make sure there aren’t any other issues lurking nearby.  Have fun!

Comments (15) -- Posted by: madhaus @ 5:05 am

June 12, 2011

Not for Sale Shortly

Here’s a short but sweet entry for your weekend pleasure.

15980 Short Rd, Los Gatos, CA 95032
Foreclosure, Not for Sale

image

BEDS: 6
BATHS: 4
SQ. FT.: 7,111
LOT SIZE: 1.48 Acres
AUCTION DATE: Friday, January 21, 2011
AUCTION PRICE: $2,214,000
STORIES: 1
# OF ROOMS: 12
YEAR BUILT: 1982
COMMUNITY: Los Gatos
COUNTY: Santa Clara
LISTING #: 302830461
SOURCE: Public Records
STATUS: Foreclosure
ON REDFIN: 127 days

Sorry, this is one short sale the bank won’t let you touch.  There’s no Streetview, either, but here’s the house:

image

And here’s the neighborhood.

image

This house is a 7,111 square foot behemoth, and none of them are for sale.  JP Morgan Chase needs to be told what “selling shortly” is all about.  That street name was somewhat prescient.

PropertyShark has this place owned by the same people for the last 30 years.  All they listed was a refinance in 1998 for $750,000.  How’d they manage to get it auctioned off to the bank?  There’s a story here.  And it’s okay if you don’t know it, because this is also a Weekend Open Thread, so tell us any other story you wish.

Comments (6) -- Posted by: madhaus @ 5:15 am

June 6, 2011

Updated: NO EXPENSE HAS BEEN SPARRED: AMAZING KNOTTY ALDER DOORS

Another find from Burbed reader nomadic, with that can’t-miss combo of bad listing copy, high price, and busted project.

118 DOVER St, Los Gatos, CA 95032
$2,798,000

image

BEDS: 5
BATHS: 6
SQ. FT.: 6,000
$/SQ. FT.: $466
LOT SIZE: 0.29 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Mediterranean
STORIES: 2
VIEW: Mountains, Neighborhood
YEAR BUILT: 2011
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81104569
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 122 days

EXQUISITE TUSCAN LOS GATOS ESTATE WITH OVER 6,000 SQFT * NO EXPENSE HAS BEEN SPARRED ON THIS FIVE BEDROOM, FIVE BATHROOM & TWO HALF BATH ESTATE * ENORMOUS KITCHEN W/ EVERY DESIGNER FEATURE * BARREL & CATHEDRAL CEILINGS * HAND SCRAPED PLANK HARDWOOD FLOORS * ANDERSON WINDOWS * AMAZING KNOTTY ALDER DOORS * FOUR FIRE PLACES * GREAT ROOM * BILLARDS ROOM * HUGE COMPLETED BASEMENT W/ WET BAR * INDOOR/OUTDOOR ROOM W/ FIREPLACE

Here’s what nomadic had to say about this place:

No expense has been sparred!  (sic)  Except, that is, the cost of actually finishing this monstrosity.

$2.8M and not even in the LG-Saratoga school district.  Tsk, tsk.

But nomadic, lots of people want those excellent Union elementary schools, and as this house shows, they’ll pay top dollar to ensure it!  Campbell High Schools are just a “bunus”!  And what makes you so sure they didn’t finish the house?  Didn’t you read what it says in the “Location Information”?

Directions: YOU MUST SEE THIS BRAND NEW CUSTOM ESTATE IN LOS GATOS. THIS EXQUISITE HOME IS 6,000 SQFT AND WILL BE COMPLETED IN MARCH/APRIL 2011. FROM BLOSSOM HILL ROAD TURN ONTO CAMINO DEL CERRO, TURN RIGHT ON BLOSSOM GLEN, TURN RIGHT ONTO DOVER COURT

Now why would a Real Estate professional lie about that?  I’m sure if he says it’s finished, then it’s finished, unless, of course, he didn’t bother updating the listing since March 1st.

But I do think the term “ESTATE” is a bit generous.  When I hear “estate” I think of some historically important building with character, set in its own park with acres and acres of space to keep out the riff raff.  This house just looks like a tract tumor:

image

I’m going to include a few of the photos from the virtual tour, just so you can see how hard they’re working to finish this house by March or April!

image

The agent has done his job making sure his name appears nice and prominently in the second picture. We got lots more for you after the break.

(more…)

Comments (19) -- Posted by: madhaus @ 5:02 am

April 21, 2011

Party House in Los Gatos

Here’s a find from Burbed reader nomadic, who keeps unearthing all sorts of delights in Los Gatos.  Thanks very much!

15681 KENNEDY Rd, Los Gatos, CA 95032
$7,495,000

image

BEDS: 7
BATHS: 12.5
SQ. FT.: 12,405
$/SQ. FT.: $604
LOT SIZE: 3.58 Acres
PROPERTY TYPE: Detached Single Family
STYLE: French
STORIES: 3
VIEW: Mountains
YEAR BUILT: 1991
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81037550
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 263 days

Everything you ever dreamed of is right here in this magnificent French Chateau Estate. Main house 9,000sf, 6 complete suites, gold leafed fireplace, music room, library, wine cellar. Guest house is 3,500sf with guest suite, caterer’s kitchen, ballroom, theater, game room, onyx bar. Infinity pool, impressive portico, band and dance area many more special features. Incredible estate.

Here’s what nomadic had to say about this house:

imageDo you suppose this house comes with the band, and requires you to board all of the guests seated around the table? I guess for $7.5M you should get live-in entertainment included.

We already had a house ready for a party back at the beginning of the year, but this may be the first time the photos featured a party actually in progress.  Do you think the guests will sue or are they Facebooking their friends to say “Did you see I made Redfin?”  Actually from the age of this crowd I should ask if they’re telexing their friends, that is if they can’t get the houseboy to run down to Western Union.

imageimage

Another thing to ask is just what this agent was trying to accomplish with this particular selection of photos.  It’s not so much that they’re bad photo, they aren’t.  But there’s a sameness about them that seems curious in trying to sell a home of this type.

imageimage

Also I refrained from breaking out the little red arrows, but we have some mawbul kawlums going on here, or at least kawnkrete.

imageimage

Okay, I’ll say it.  Seven and a half megageorges for this house, and they can’t be bothered to photograph the inside?  Maybe they’re trying the exclusivity angle by restricting the view to qualified buyers only.  But I’ve seen enough people pretending they have money when the whole financial structure is cantilevered atop playing cards and toothpicks, or in the real estate world, Different Piles of Other Peoples’ Money.  The upside of leverage is the profit when home prices go up, and the downside, well, if you aren’t smart enough to work that out then you get what you deserve.

Maybe they didn’t show the inside because the FBs can’t afford to furnish the place.

Okay, that was a cheap shot, but Redfin didn’t have a link to any other pictures.  I did go over to Zillow, intending to get the missing listing prices, and they had inside pictures plus they link to the virtual tour.  In a way, I’m kind of sorry I found it.  Not only is this place overdecorated like a simulacrum of “rich people’s furnishings,” the audio track is pseudo-wealthy music, too: the goddamned Pachelbel’s Canon in D.

kennedy_rd_liv_rm

I hate Pachelbel’s Canon with a passion.  Maybe that’s why the house hasn’t sold in more than two years. (253 days on Redfin, my sackbutt.)

image

This house may not be on VH1’s I Love the 1680s, but it sure loves 2006.  I say it’s going to party like it’s 1999.

Comments (13) -- Posted by: madhaus @ 5:11 am