December 11, 2013

Mountain View move-in!

Enough with the catty comments about no posts in two weeks. We’ll post when and if we feel like it, no matter what websites are on your toolbar. Today’s heralded homestead is from z2amiller and this is a hot, hot property! Why? Because it’s CLOSE TO GOOGLE!

131210-spring-redfin1639 SPRING St
Mountain View, CA 94043
$500,000

— Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: 5,300 Sq. Ft.
On Redfin: 6 days
Status: Active
Property Type: Residential Land (Single Family)
Community: North Shoreline
MLS#: 81342322

Lot still has foundation left from house burn down Jan. 2013. Nice neighborhood close to HWY 101

The Streetview photos show the property before house burn down Jan. 2013 (but really, it’s a nice neighborhood close to HWY 101!)  Fortunately, z2a thinks bigger than that.

IMG_20131206-spring-fire2Okay so now I feel bad.  I went to take pictures of this place and there’s basically a person squatting here with possessions scattered around and it looks like they are taking shelter under a tarp tied up in a tree.

I am guessing it is the property owner, with as much stuff as there is the property, MV police would’ve kicked them out if they didn’t belong.  (I think?!)   Also based on the MV voice article the lady who lived there was a hoarder, so given the state of the property (all of the garbage bags and random stuff all over) maybe it is the same person.

IMG_20131206-spring-fire1You can see the back of the person’s head (DHO?) in one of the pictures, hanging out under the tarp.

Anyway I’m having a hard time being too snarky about it now.  :-/

I guess the neighbors will be pretty thrilled when the place sells.

And that could be you, Mr. or Ms. Burbed reader, all three of you. You could put up a six-story apartment house and become rich beyond measure renting out cubicles to Googlers who will only come home to sleep.

Comments (7) -- Posted by: madhaus @ 7:07 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

March 21, 2013

This is why The Real Bay Area is Awesome

We get some interesting comments from people who don’t agree with our definition of what the Real Bay Area (RBA) is. Many seem to think that if an area is wealthier than its surrounding community, that, in and of itself, is sufficient for RBAhood.  Nothing could be further from the truth.

The whole point of the RBA is that it is not only expensive, it is that you will pay a crapton of money to live there and the sellers can ask over three million yet treat you with complete and utter disdain. You will also end up with a house that isn’t even worth photographing. Today’s property illustrates this perfectly.

130320-waverly-redfin1801 WAVERLEY St
Palo Alto, CA 94301
$3,295,000

5 Beds
3.5 Baths
2,982 Sq. Ft.
$1,105 / Sq. Ft.
Built: 1932
Lot Size: 9,000 Sq. Ft.
On Redfin: 7 days
Property Type: Detached Single Family
Stories: 2
Community: Old Palo Alto
MLS#: 81307920
Style: Colonial
View: Neighborhood
County: Santa Clara

Upcoming Open Houses

Saturday, Mar 23: 1:30-4:30 pm
Sunday, Mar 24: 1:30-4:30 pm

Prime Old Palo Alto!Old world charm meets modern amenities! Lovely 5 bedroom, 3.5 bath home. 2 master suites; one on each floor. Large family room adjacent to spacious kitchen. This home features a huge 9000 +/- sf lot. It is perfect for large gatherings & extended family visits. Updated kitchen and baths with tile counters and newer appliances.

130320-waverly-streetviewYes, this is a vintage home (just slipping in under our definition to earn the “old house” tag) in a desirable part of Palo Alto, but it isn’t being marketed as a teardown. It’s just that the agent obviously has better things to do than pull out the iPhone and snap a dozen listing photos.

Good thing there’s Google Streetview!  Isn’t this place just fabulous?

130320-waverly-streetview2Guess you’ll never know unless you show up at the Open Houses this weekend.  Also, many sections of Streetview around this house have been blurred out. Perhaps this home is owned by a highly-placed Googler.  This view around the corner from Tennyson was the best we could do.

But you’ve seen plenty of properties on Burbed showcasing Palo Alto. (Heck, we’ve visited Waverley Street so often they ought to rename it Burbed Boulevard.)  We were trying to make a point about the difference between RBA and not-so-RBA.  Let’s see what you could get for pretty much the same amount of money over the Bay and through the Caldecott.

130320-oaks-redfin6 GREAT OAKS Cir
Orinda, CA 94563
$3,350,000

3 Beds
3.5 Baths
4,350 Sq. Ft.
$770 / Sq. Ft.
Built: 1949
Lot Size: 2.32 Acres
On Redfin: 541 days
Type: Detached
Stories: 1
Community: Glorietta
MLS#: 40544806
Style: Contemporary
View: Other
County: Contra Costa

Original Frank Lloyd Wright designed home built in 1949. The stunning grounds were landscaped by Henry Matsutani who did the Japanese Tea Gardens in Golden Gate Park. Incredible opportunity to own a bit of history/ a work of art. All showings subject to screening process. Call agents for details.

130320-oaks-diningThat’s right.  If you’re willing to spend the same amount in Orinda, you can own a house actually designed by Frank Lloyd fucking Wright. Not only that, the landscaping is by the same master gardener behind the Japanese I-shit-you-not Tea Garden.  In Golden goddamned Gate Park. Which we think even Silicon Valley software dweebs have heard of. Plus the Orinda house is on more than two acres.

It’s also been for sale for a year and a half and has had two major price reductions.

130320-oaks-statuesBut in Old Palo Alto, you get a house on nine thousand feet, and you will like it.  And if you don’t plenty of others will, because this house has only been on the market for a week, and after the Open House you know the sellers will be receiving all seventy-nine offers the following Tuesday, and decide which of the no-contingencies-extra-cash-please-with-homemade-brownies-and-a-Tesla-Model-S begging letters they will accept.

And THAT, my friends, is the Real difference between the Real Bay Area and the Rest.

Thanks to the fun folks at Redfin Forums for inspiring today’s article.

Comments (23) -- Posted by: madhaus @ 5:02 am

March 11, 2013

So awesome in SF… there is no asking price

What do you think? Typo, toxics, or TERRIFIC OPPORTUNITY?  Buy now, at a LUCKY PRICE!  Thanks very much to Burbed reader Petsmart Groomer for this superlative steal in San Francisco!

130310-eddy-redfin430 Eddy
San Francisco, CA 94102
$8

— Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: 6,356 Sq. Ft.
On Redfin: 25 days
Property Type: Lots & Acreage
County: San Francisco
Community: Tenderloin
MLS#: 404942

2 lots; 430 Eddy St. & 519 Ellis St. There were previous approvals for 46 Senior Units. Approvals are expired. Offers will be reviewed on or after March 15th. There is no asking price. Seller reserves the right to reject any offer.

Whoa.  This is so different than all those other real estate deals where the seller has to take any offer, no matter how ridiculously insulting.  Like, say, $8 for two lots in San Francisco.  And not the part way the heck out by the fog, either.  No, this is in the Tenderloin, the sweetest neighborhood of all!  Now, let’s have a look at what they’re selling and forgot to photograph.

130310-eddy-streetview

Yesssss! Score! Trash bins!

130310-eddy-ellis-sv

See that big red Pin with an A on it? That’s A for Approvals Are Expired, so their loss is your gain! Start your overbidding now!  You know why you should invest in this area?  It’s a growth opportunity!

130310-eddy-bedbugs

Comments (4) -- Posted by: madhaus @ 5:01 am

January 24, 2013

Value is in the land, and that value is $101.01 a square foot

How much should land in the Real Bay Area cost, when they aren’t making any more of it?  It’s hard to tell, as most of it is already covered with houses.  But today’s featured property, courtesy of Burbed reader Michael Boltonestater, may help us get an idea.  All together now: Mountain View, so close to Google!

130123-bryant-redfin344 BRYANT Ave
Mountain View, CA 94040
$4,400,000

3 Beds 
1 Baths 
1,216 Sq. Ft.
$3,618 / Sq. Ft.
Built: 1953 
Lot Size: 0.93 Acres 
On Redfin: 1 day
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Grant
MLS#: 81301915
Style: Traditional, Cottage/Bungalow
View: Neighborhood
County: Santa Clara

3BR/1BA WITH SPACIOUS KITCHEN OVERLOOKING YARD. FEATURES INCLUDE LIVING ROOM WITH REFINISHED HARDWOOD FLOORS, INSIDE LAUNDRY ROOM WITH PANTRY, & APPROVED PLANS FOR REMODEL/EXPANSION INTO SPACIOUS ATTIC AREA. POSSIBLE 4 LOT SUBDIVISION ON APPROXIMATELY 40,000SF LOT (. 93 ACRES). OUTSTANDING DEVELOPMENT OPTIONS WITH ACCESS FROM BRYANT FILOMENA COURT. IDEALLY LOCATED IN WELL ESTABLISHED NEIGHBORHOOD.

130123-bryant-streetviewYou know the agent is just phoning this one in to long list of OPPORTUNITY-minded investors. Otherwise, this house with all its expansion plans could have easily been featured instead of just an aerial shot.  Heck, Google even managed to find something once we realized the Redfin map was pointing to the wrong place (over at Beaumont and Apricot, and wonder why that happened, huh?)

Also look at this very odd cul-de-sac that abuts the property (right underneath the lot on the lower right).  Looks like it only culled half de sac.

130123-bryant-satellite

130123-bryant-view-from-beaumontSo, do you think land in Mountain View in a good zip without the good schools is worth a million for a quarter acre?  Can you make money as a developer when your land costs are that high?  New homes in nearby Enclave at Waverly Park development (the old Pumpkin Patch property) went for $2M+, but they built 53 big houses there.  Hard to get economies of scale when this lot will support four of them.

Perhaps the third time’s a charm for this huge investment opportunity. The buyer is sticking to this price regardless of which agent has the deal.

130123-bryant-history

Comments (9) -- Posted by: madhaus @ 5:04 am

December 17, 2012

Too much brush to walk in Woodside

Today’s featured property was sent in by Burbed reader Swan! Thanks very much for this wonderful Woodside win.  (Oh yeah, PENDING!!!!!!)

121216-marva-redfin133 MARVA OAKS Dr
Woodside, CA 94062
Listed at $1,895,000

2 Beds 
2 Baths 
1,400 Sq. Ft.
$1,354 / Sq. Ft.
Built: 1961 
Lot Size: 3.73 Acres 
On Redfin: 112 days
Status: Pending Without Release
Property Type: Detached Single Family
Stories: 1
Community: Central Woodside
MLS#: 81231887
Style: Contemporary
View: Canyon
County: San Mateo

Driveway is a slight downslope, house is on the flat, then another downslope on a road to a lower, larger flat pretty area. From there property does go down to Raymundo, but too much brush to walk.

121216-marva-satelliteWe sure like this description of the property.  Here’s what Swan had to say about it.

Let’s start with the realtard listing 3.73 acres in Woodside for $2250.  Why I didn’t jump on the deal then, I’ll never know!  Suddenly, the price went up to $2,250,000 only to be reduced to $1,895,000.  Of course, the listing is pending! 

Anyway, how about the realtard’s description of the property.  Huh?  Say that again?  The Redfin agent seems to sum it up nicely:  fixer.  Oh, and be sure to check the satellite view in Google.  There’s a an RV (or something) with a lovely blue tarp over the top.And, on the back part of the property, a broken down vehicle along with that burned down barn.  I’m sure the surrounding mansions love living next door to the hillbillies!

Wait, what’s this about 3.73 acres for $2250?

121216-marva-prophist

Yowza.  And the Redfin agent?

121216-marva-insight

She did not actually say “fixer.”  Just “open your wallet.”

Comments (1) -- Posted by: madhaus @ 5:08 am

August 31, 2012

Going, going, GONE in Palo Alto. What a Gem.

Today’s fine featured flop is brought to you by the letter F.  And it’s also brought by Burbed reader dollarbin, who sent this in the split second it hit all the MLS redistribution websites.  Let’s see what happened when this Pearl of Great Price hit the market.  And you have to agree, for Palo Alto, this is a great price.  In fact, this price is so low for Palo Alto there has to be a flaw.

240 Whiteclem Drive
Palo Alto, CA 94306
$699,000

120830-whitclem-trulia

120830-whitclem-satellite-2Bedrooms: 4 
Bathrooms: 1 full, 1 partial 
Property type: Single-Family Home
Size: 1,413 sqft
Lot: Ask agent
Price/sqft: $495/sqft
Year built: 1951
MLS/ID: 81232060
Zip: 94306
Provided by: Coldwell Banker-The Real Estate People
2 days on Trulia

This home has the potential for a larger home and the area is located in a quiet neighbor. Great shopping close by and public transportation available. What a Gem. Lowest price in Palo Alto

120830-whitclem-satelliteHere’s what dollarbin said when sending in this home just two days ago:

Less than $500/sq ft in Palo Alto?  No pics?  Low property taxes?  Everything about this listing screams Hoarder House.  The house doesn’t look unusually run down on street view, it almost makes me curious to swing by if they ever have an open house.  I don’t know for sure, but I would bet that this lot is subject to a single-story
overlay, which might limit its value as a teardown.  I’ll keep my eye on it, and report in if I learn anything more.

Looks like you didn’t keep your eye on it 24/7. because here’s what happened when we followed the link back to Redfin.  And Zillow.

120830-whiteclem-redfin120830-whitclem-zillow

120830-whitclem-streetview-dhoBoth sites say this house is no longer for sale, and there’s no property history whatsoever on either of the sites. The home was definitely listed for sale two days ago on Redfin. Unfortunately, Trulia doesn’t show property history or we’d have the listing date, but this place was only on Trulia for two days.

But it’s not a complete loss for a listing that’s about to be yanked, and maybe brought back at a much better (read: higher) price, if it hasn’t already sold for a couple of suitcases of cash.

Look what we found when we did an extreme close-up of the carport in Streetview.  DHO! DHO!

Now here’s something else that should make you smile even more.

120830-whitclem-overassessed

Located in a quiet neighbor, and possibly overassessed at $86K.  No wonder it’s gone.  This listing must have collapsed the space-time-money-potential continuum.

 

Comments (7) -- Posted by: madhaus @ 5:06 am

September 23, 2011

Line Drawing of a House for Less than a Million!

Some homes are built on spec and the builder hopes for a sucker purchaser before construction is complete.  Sometimes an owner builds a Dream House and runs out of money along the way.  In both cases, a sketch of what the finished construction will look like is of great help in trying to sell the place.

Your job today is find out why this house has a courtroom artist’s rendering instead of photos.

 

23 Monte Avenue, Piedmont, CA 94611
$899,000

image

BEDS: 3
BATHS: 3
SQ. FT.: 1,978
$/SQ. FT.: $454
LOT SIZE: 6,250 Sq. Ft.
TYPE: Detached
STYLE: Craftsman
STORIES: 3+
VIEW: Bay Bridge, Golden Gate Bridge
YEAR BUILT: 1923
COMMUNITY: Central Piedmont
COUNTY: Alameda
MLS#: 40543313
SOURCE: EBRD
STATUS: New
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

Light and bright brown shingle located on one of Piedmont’s most beautiful streets. Amazing opportunity.

This is a mystery, all right.  Expensive town, great school district, bridge views, yet a one sentence listing with not one photo.  Here’s the Streetview:

image

imageThis house is so guilty it’s hiding behind the shrubbery.  Look, it’s even hiding from the eye in the sky using another tree!  Maybe there’s a courtroom sketch because you’re going to have to come downtown and bail it out.

imageDid they not draw the inside of the house because the seller doesn’t feel like cleaning up?  Is this house the serf hut for the bigger dark brown house on its right?   Is Burbed going to lose all credibility featuring a house in the East Bay?

So many questions, such amazing opportunity!

Comments (15) -- Posted by: madhaus @ 5:31 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

May 31, 2011

Shenanigans with Short Sale in Old Palo Alto

Here’s a find from comments, from Burbed reader San Matean,  San Matean wants to know what kind of games the bank is playing with this short sale in Palo Alto.  We know that a short sale means “selling shortly,” but going pending the same day it’s listed sounds more like an inside job.

1520 Middlefield Rd, Palo Alto, CA  94301
$829,000

image

BEDS: 3
BATHS: 2
SQ. FT.: 1,500
$/SQ. FT.: $553
LOT SIZE: 5,600 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Spanish
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1930
COMMUNITY: Professorville
COUNTY: Santa Clara
MLS#: 81123457
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

Location! Location! Location! The following was remodeled in 1997 Kitchen; Master Bathroom; 2nd Bath; Hardwood Floors underneath carpeting. Newly Landscaped rear yard. Large Kitchen great for gathering. Enclosed front with beautiful park like setting.

Wow, they were in such a hurry to “list” this property they didn’t even bother including any photos.  It isn’t any different on the agent’s own site, so let’s take a peek at the Googlecam.

image

Not bad, although this is an 80 year old house.  It may need new light bulbs and Drano.

image

It also looks like some other building has preempted the back yard.  The property lines suggest that this house and its next-door-neighbor have gone halvesies on their own meth lab:

image

image

Back to San Matean’s concern: this property was listed and went pending the same day.  That’s not the real puzzler, though. This house is in 94301, a Really Special Place, yet not only didn’t it double in ten years, it actually may have lost value.  Unless, of course, the bank decided that the overbidding would take this house right where it needed to be.

imageAnd the reason this house is now essentially owned by the bank, instead of the couple who bought it with a $706.5K conventional variable mortgage, is they refinanced it in 2005 for $962.5K (also variable). They must have liked the extra cash so much that they did it again a year later.  In 2006, the purported owners became FBs when they refinanced with a variable first mortgage of $990K, and a variable second mortgage of $198K, or $1,188,000 total.  That is, coincidentally, just $17,500 more than this place’s current Zestimate.

So, our question for you, Burbed readers: How much do you think this house sold for? We have so many fun factors in the mix: Busy street, around the corner from an even busier street (Embarcadero), bank owned property, mystery structure eating up a couple back yards, asking price a whopping 30% below the Zestimate, and a transaction that not only doesn’t look arms’ length, it suggests someone has a banker by the balls.

Comments (52) -- Posted by: madhaus @ 1:36 am