February 22, 2014

Low Income Housing… Marin Style

Thanks very much to Burbed reader Barbara for a look at what’s below median income in Mill Valley.

140221-tamalpais-redfin14 Tamalpais Commons Ln
Mill Valley, CA 94941
$328,555

HOA Dues: $308/mo.
0 Beds
1 Baths
400 Sq. Ft.
$821 / Sq. Ft.
Built: 2010
Lot Size: 401 Sq. Ft.
On Redfin: 5 days
Status: Active
HOA Dues: $308/month
Style: Contemporary
Community: Mill Valley
MLS#: 21403124
Property Type: Residential, Attached, Condominium/Coop/Other
Stories: 1
County: Marin

Welcome to Tamalpais Commons, a mixed-use ‘Build It Green’ luxury home development in central Mill Valley. This affordable studio unit is available to low-income buyers who earn $64,890 or less in gross income. The studio features southeast facing windows, maple floors, a full bath, a small balcony, a stacked washer/dryer, a range, dishwasher, and oven. This is an accessible unit and all appliances meet ADA guidelines.

Here’s Barbara on this Econobox:

Thought this might be worthy of burbed – $821/sq foot affordable housing

Yes, but it’s $821 a square foot affordable housing with really shiny floors.  And don’t forget the three hundred bucks for HOA fees on top of your $1317 a month mortgage!

Comments (3) -- Posted by: madhaus @ 7:01 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!

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

November 13, 2011

The Beatings Will Continue Until Morale Improves: The Third Tier Zip Codes

What will it take to make the zip code series stop?  Lots and lots and lots of quality submissions!  So until you send in your best guest post EVEH, we’ll be running these wonderful lists and photos for the next few hundred Sundays or until we run out of data, by which time Forbes (if they’re still a going concern) will have the 2012 list ready.  But look on the bright side.  No more annoying maps like last year!

Today we look at all the Northern California entries in Forbes Most Expensive Zip Codes 2011: The Top 100 of the Bottom 400.

Previous entries in this year’s series:

Quick recap: Forbes messed up their data even worse than usual this year, plus many areas on last year’s list have completely disappeared without explanation.  We add in the comparison to last year’s rankings and find the “most expensive” house (if it’s findable) that Forbes mentions for each entry.  While Forbes doesn’t seem that interested in hearing from their readers (registration is required), Altos Research, who did the number-crunching, loves talking data.  They’ve responded to a couple of my concerns here.

Here we go, numbers 101-200, which are now under the Million and a Half Median!  How Low do we have to go to sink under a million?  Remember, this is the Third Tier, so Real Bay Area (RBA) bragging rights are gone (except for some exceptions).

#106: Alamo 94507

  • imageMedian Home Price: $1,396,000
  • Median Price Change: -7.8%
  • Average Days On Market: 200 134
  • Inventory: 134 102
  • Rank in 2010: #101 (-5 spots )
  • Most Expensive Home: $11.8 Million (322 Lark Lane)

This high-end (for the East Bay) location south of Walnut Creek is stuck in atop the third tier right where it belongs, just a few spots above Newport Beach.  This luxury home that looks more like an administration building kind of says it all.  Free architectural clue: It’s the windows that make this place a façade fail.

A new $13.8 million property has come on the market since the Forbes article ran, and it has a more traditional (and attractive) look, in the classic “Let’s build a French country estate in Contra Costa County” style.

Plenty more to enjoy after the break!  In fact, we promise the very next one is a Burbed favorite, so click on through.

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Comments (7) -- Posted by: madhaus @ 5:08 am