May 29, 2013

Welcome to Hilvista!!

Yesterday’s Fremont house was such a hit, let’s return to South Alameda County for today’s property.  Enjoy this premium listing in the highly regarded enclave of Newark!

130528-lakewood-redfin36623 LAKEWOOD Dr
Newark, CA 94560
$489,000

4 Beds
2 Baths
1,360 Sq. Ft.
$360 / Sq. Ft.
Built: 1962 Lot
Size: 7,800 Sq. Ft.
On Redfin: 1 day
Type: Detached
Stories: 1
County: Alameda
Style: Ranch
Community: Hill Vista
MLS#: 40616298

Welcome to Hilvista!! This four bedroom home is located on a quiet cul-de-sac close to Lakeshore Park. Located on a 7800 square foot lot, this home has been very well maintained and comes with a 6 year old composition roof. Spacious kitchen, inside laundry, hardwood flooring under carpeting & more. .

130528-lakewood-yardYes, Newark is indeed an enclave, surrounded completely by Fremont because it didn’t want to join in the the fun when the other 5 towns merged into a ginormous, sprawling mini-Los Angeles, only without the film industry and Rodeo Drive. Instead there’s NewPark Mall, which is better because there’s waaaaay more parking.

Thing about Newark is it’s entirely in the flatlands, so the name Hill Vista (or Hilvista) is a bit of a conundrum. Then we realized the vista is in the back yard.

Comments (4) -- Posted by: madhaus @ 5:05 am






April 16, 2013

Need a New Nest? Now there’s Newark!

BlogAtoZ-NWe’ve Nosed past the first half of the Blogging from A to Z Challenge, and Now we’re on to the New ones. Let’s celebrate with the kind of property Burbed was always Noted for.  Today’s featured property in Newark Needs work.

130415-wells-redfin7419 WELLS Ave
Newark, CA 94560
$299,000

2 Beds
1 Baths
660 Sq. Ft.
$453 / Sq. Ft.
Built: 1895
Lot Size: 6,250 Sq. Ft.
On Redfin: 7 days
Type: Detached
Stories: 1
County: Alameda
Style: Traditional
Community: Newark
MLS#: 40609921

Remodeled 2 yrs ago. Newer copper plumbing and sewer line, newer doors, paint and laminate floors throughout, newer bathroom and most windows are newer. Garage conversion to a studio is being used as rental, Maybe illegal! No knowledge of permits. AS IS Sale only! Only showing 4/13 and 4/14 11-2pm

130415-wells-living130415-wells-dining130415-wells-bath

This is so exciting! Maybe illegal! Or immoral, or fattening. With No Notion of permits, Nothing’s impossible. So Not only is this Nice home available for Not a lot of money, it’s also Notorious!

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

December 18, 2012

They call it Flipper, Flipper, King of the Offer

Who likes a nice, hot breakfast? Okay, who likes a nice, hot fresh breakfast? No mawbul kawlums, but this listing is only 11 days up, and what a history!  Our thanks to Burbed reader waiting for the fall for this nice nest in Newark!

Yes, even houses in Newark are going pending in a week.  What can we say? The bubbly is BACK!

121217-haley-redfin35726 HALEY St
Newark, CA 94560
$389,000

3 Beds 
2 Baths 
1,100 Sq. Ft.
$354 / Sq. Ft.
Built: 1961 
Lot Size: 6,000 Sq. Ft. 
On Redfin: 11 days
Status: Pending
Type: Detached
Stories: 1
County: Alameda
Style: Contemporary
Community: Newark
MLS#: 40597759

Completely renovated; Charming single story home; Updated kitchen with stainless steel appliances and granite countertops; Brand new flooring and carpet; Freshly painted inside and out; New roofing; Large driveway; Beautiful deck with covered patio for outdoor parties.

121217-haley-kitchenHere’s why wftf sent this reverse snout-house in.

Check out this house in Newark.  It’s been flipped more than a pancake!

When we make pancakes, we only have to flip them once.  And they stay flipped.

 

 

121217-haley-history

Stainless and granite.  In Newark.  We’re thinking if they’re going to decorate like it’s 2005, maybe they should price it like it’s 2005 too.

Comments (13) -- Posted by: madhaus @ 5:06 am

October 9, 2011

Smaller Companies Squeezed Out of Peninsula

Maybe Facebook isn’t going to save us all.  Maybe it’s going to push rents up so high that only it and Google can afford office space in the Peninsula.

image

Membrane Technologies, other tech firms, shift operations from Peninsula to East Bay

By George Avalos, Oakland Tribune
Posted: 10/06/2011 03:14:56 PM PDT, Updated: 10/06/2011 03:59:22 PM PDT

Membrane Technology & Research is moving its headquarters and other operations to Newark in the latest deal by a company migrating across the bay in search of less expensive offices.

Based in Menlo Park, Membrane Technology has signed a deal to lease 62,000 square feet at Stevenson Point Tech Park I, taking up an entire building at 39630 Eureka Drive.

Membrane will shift about 70 jobs to the new head offices, said Hans Wijmans, Membrane’s CEO.

“We of course hope that the future will bring growth and will require new hires,” Wijmans said.

The company makes membranes that can filter out unwanted substances from industrial operations. The tube-shaped devices can remove carbon dioxide and nitrogen emitted by refineries, coal plants and natural gas facilities.

Take that, Menlo Park!  Newark is poaching your high-tech jobs!  Not only that, this place has explosive growth!

Membrane Technology suffered an explosion at one of its Menlo Park buildings in early September. One man, a company employee, was killed in the blast. Cal-OSHA is investigating the incident.

That sounds exactly like the sort of industry that belongs in Newark!  Way to go!

This is an Open Thread.  Where is your job most likely to relocate to?  What city would you least want it to move to?

Comments (10) -- Posted by: madhaus @ 5:36 am

February 1, 2011

The Vast Conspiracy to Raise Peninsula Real Estate Prices

And, lower East Bay prices too!  Win-win-win!

Officials push for higher tolls during rush hours on San Mateo, Dumbarton bridges

By Mike Rosenberg, The Oakland Tribune

Posted: 01/31/2011 07:23:07 AM PST, Updated: 01/31/2011 09:26:52 AM PST

imageDrivers crossing the San Mateo and Dumbarton bridges would pay higher tolls during rush hours under a plan Peninsula officials are urging Bay Area leaders to adopt.

A group of city, county and transportation officials this week released the new San Mateo Countywide Transportation Plan, which includes support for congestion pricing on the two bridges that connect the Peninsula and East Bay.

"I think it’s a shame they haven’t done congestion pricing," said Rich Napier, executive director of the county’s congestion management agency, which is overseeing the transportation plan. "It does work."

(Photo, above right: Drivers crossing the San Mateo and Dumbarton bridges would pay higher tolls during rush hours under a plan Peninsula officials are urging Bay Area leaders to adopt. File photo, The Oakland Tribune.)

Now, some readers of this site are really clever people, and will simply glance at the headline above and figure it out immediately.  Others of you need to be taken by the hand and have a few things spelled out really slowly and carefully.

Congestion pricing, in case you haven’t tried driving across the Bay Bridge during commute hours, means that the toll is higher during rush hour when everyone else is going to work.  At present, Bay Bridge congestion pricing is $6 during peak commute hours and $4 other times.  The San Mateo and Dumbarton bridges have a $5 toll at all times, rush hour or not.

Now, here’s the part you should have already worked out:

Drivers at the San Mateo and Dumbarton bridges typically wait less than two minutes to get through the toll booth, according to the Bay Area Toll Authority.

Still, officials said traffic data shows many of the logjams on Highway 101 are caused by commuters who take advantage of cheaper housing in the East Bay and cross the bridges for their jobs in the Peninsula. Slowing traffic on the bridges during the commute could have a ripple effect on Highway 101, where officials have struggled for years to ease bottlenecks, they said.

Ooooh, ripple effect!  Double rainbow all the way!  Across the sky!  By making commuting more expensive or more inconvenient, homes on the Peninsula close to jobs will become even more valuable.  Meanwhile, “cheaper housing in the East Bay” won’t be such a bargain once the commute costs more time and money.  Expect that desirability deficit to work itself into pricing homes in the East Bay if congestion pricing moves to Peninsula bridges.

In related bridge toll news, the Golden Gate bridge authority is getting rid of all their human toll-takers and switching to an all-electronic system.

Comments (15) -- Posted by: madhaus @ 5:08 am

January 3, 2011

A New House for the New Year

Just because the end of year sales are over doesn’t mean you can’t find a bargain in the housing market.  Here’s one all ready for you to celebrate moving in!  Thanks to Burbed reader SEA for finding this festive property.

37003 Arden St, Newark, CA 94560
$199,000

image

BEDS: 2
BATHS: 1
SQ. FT.: 816
$/SQ. FT.: $244
LOT SIZE: 5,000 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1922
COMMUNITY: Alameda County
COUNTY: Alameda
MLS#: 81042954
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 125 days

TLC Needed, but a good value.

Here’s what SEA had to say about the house:

If you really want some instant equity in that area, take a look at [this place].

Sold May 2006 for $581k.
Listed today for $199k.

That’s 2/3 off!

Of course all these homes at 50%+ off peak pricing, they cannot impact the RBA pricing. In fact, the ratio of RBA pricing to non-RBA BA pricing keeps going ever higher.

With all that positive cash flow from day one, it’s difficult for me to understand why these places are for sale, foreclosed.

And that’s not even considering all the income tax advantage that the landlord keeps. What person lets a cash cow go to foreclosure?

And let’s not even get started on the difference in cash flow if I were to buy this place today versus the landlord who owns another unit in the area purchased for ~$600k in 2006. I’m sure he’ll have no problem passing his extra expenses on to the tenant, or so the theory goes.

imageWe can talk cash cow if you want, but we’d be a lot further afield from Google if we did.  Supposedly the Price to Rent ratio in Fresno is (are you ready?)… 8.  So let’s stick with Newark for now, as it has more sushi shacks than silos.

Plus this house is ready to party down with your bad self.  So if you’re one of those people who need a big hank of the hair of the dog that bit you, head on over to the bank today. Tell them you heard it’s a short time to homeownership.

Comments (316) -- Posted by: madhaus @ 5:04 am

December 31, 2010

Clearance Sale – Newark

Last house of 2010, and is it a STUNNER!  The banks say everything must go, so help economy as you help yourself to these incredible deals!

36570 Bonnie St, Newark, CA 94560
$206,900

image

Beds: 3
Baths: 1
Sq. Ft.: 942
$/Sq. Ft.: $220
Lot Size: 6,864 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
View: Neighborhood
Year Built: 1953
Community: Alameda County
County: Alameda
MLS#: 81040455
Source: MLSListings
Status: Active
On Redfin: 136 days

1st time home buyer or investment opportunity. 3 br, 1 bath home with large yard and wide driveway space. Add your style with some updates and a little sweat equity. Convenient to freeways and shopping.

image You’ll have plenty of opportunities to add your style here!  All it needs are some updates and a little sweat equity.  I think the agent is using “little” in the same sense that upper-class women use the term to mean “expensive.”  As in “Muffy, do you think I should wear my ‘little’ necklace to the regatta?”

Associating the house with shopping expeditions by the moneyed class is an excellent marketing strategy, because the house is “convenient to freeways and shopping.”

Convenient to shopping.  Really, really convenient.

image

image I’m not sure what amazes me more about this house: that the agent thinks these photos are going to help sell it, or that it’s only being offered for 15% less than its bubble pricing in 2006.  But that’s still more than twice what it sold for in 1990, proving that real estate will always go up in the long run.

It’s just that some places have to run longer than others.

Better make it your New Year’s resolution to elbow your way past the crowds to buy this one, because it’s selling shortly!

Comments (41) -- Posted by: madhaus @ 5:03 am

December 18, 2007

What does $399,950 buy in Newark – awesome kitchen!

6340 Noel Ave, Newark, CA 94560 – Property Details.
6340 Noel Ave, Newark 94560 (Others)

6340noel.jpg

$399,950

* Status: Active
* Bedroom: 3
* Bathroom: 1
* Year Built: 1953
* Lot Size: 5100
* Square Footage: 752
* List Date: 10/30/2007
* Parking Spaces: 0
* MLS#: 40306857
*
DESCRIPTION -
6340 Noel Ave, Newark
OPEN HOUSE SUNDAY, 11/4/07, 1-4 PM. SWEET STARTER HOME ON LARGE LOT. GOOD NEIGHBORHOOD, CLOSE TO SHOPPING, COMMUTES, TRANSPORTATION. GARAGE CONVERTED TO 3RD BEDROOM. BRING YOUR HANDYMAN SKILLS AND MAKE THIS HOME YOUR OWN.

Now as we all know, Newark technically isn’t in The Real Bay Area. After all, the median price there is below $690k.

But still, Burbed reader Peter thought it would be nice to share this entry. And I agree. For those not fortunate enough to make more than $125k a year, this is a good opportunity for you to at least live near The Real Bay Area.

In particular, Peter called out the kitchen – let’s take a look:

6340b.jpg

Wow, is that retro chic or what?  $399k for 752 sqft, includes this? Sold, sold, sold.

If I were you, I’d keep it exactly like this – they don’t make appliances like that anymore, and thus it can go only up.

Or at the very least, you can donate this kitchen to the Smithsonian and get a big write off!

Comments (9) -- Posted by: burbed @ 5:56 am