August 4, 2011

Fenced in in Campbell

I feel we’ve been neglecting Campbell for a while, so here’s another listing from the City Without a Nickname (please feel free to make one up in the comments) or how about More City for a Million.  However, according to Wikipedia, Campbell was where the fruit cocktail was first invented.  I don’t know how they poached that feat from Sunnyvale, where the Fruit Cocktail Tower is still standing.

Thanks very much to Burbed reader THN for bringing this great deal to our attention.  Burbed reader Sam Adu also recently mentioned it in comments.

183 DILLON Ave, Campbell, CA 95008
$424,900

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BEDS: 3
BATHS: 2
SQ. FT.: 1,565
$/SQ. FT.: $272
LOT SIZE: 4,599 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Traditional
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1934
COMMUNITY: Campbell
COUNTY: Santa Clara
MLS#: 81056007
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 244 days

Great home for the growing family. Close to sought after Downtown Campbell and Rapid Transit line. Kitchen has been remodeled with granit counter tops and tile flooring. Home comes with gas stove, microwave, and refrigerater. Back yard has built in BBQ with separate guest cottage (permit unknown)

imageWell, this listing copy’s a bit of a head-scratcher; the agent misspelled “granit” and “refrigerater” but nailed “separate guest cottage.”  I like how the “granit” goes with the single-pane windows and that seafoam green paint job from 1956.

That first picture’s a puzzlement, too.  Do they expect you to park your car in the garage?  Most people park on the driveway and use the garage as a storage shed, but the white picket fence makes that option impossible!  Where the heck are you going to store your back issues of National Geographic?

While your jaw drops lower and lower as you read the listing history below, we’ve highlighted the most important parts for you.  This house has not only been foreclosed, it’s been pending five times, and changed hands for $693,000.  In 2005.

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And if you think that’s a lot of money, wait until you see the Zillow record.

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Talk about freefall!  This house is doing the limbo, because nobody’s figured out how low can it go.  Meanwhile, four different Redfin agents have toured the place, and the reviews are in!

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The location isn’t that bad, is it?

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No, it’s not as close to the freeway as Monday’s house!  Whew!

UPDATE: Thanks to Burbed reader AstroWallaby’s on-target comments, I have this neighborhood photo for your consideration:

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Comments (34) -- Posted by: madhaus @ 5:05 am






July 8, 2011

Buy Now, Build Later and be glad you did!

Here’s another great find from Burbed reader Tracy, who seems to have a knack for locating some truly amazing listings.  That is, if by “amazing” I actually meant “what the hell were they thinking?”

13275 MOUNT HAMILTON Rd, San Jose, CA 95140
$949,900

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BEDS: 2
BATHS: 1
SQ. FT.: 1,001
$/SQ. FT.: $949
LOT SIZE: 64.85 Acres
PROPERTY TYPE: Detached Single Family
STORIES: 1
VIEW: Mountains, Canyon, Valley, City Lights
YEAR BUILT: 1910
COMMUNITY: Alum Rock
COUNTY: Santa Clara
MLS#: 81122273
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 23 days

* * AMAZING OPPORTUNITY * * 64+ ACRES ON MAGNIFICENT HILLTOP SETTING * * Priced at $5,000,000 in 2009. NOW CORPORATE OWNED AT $949,900. NOT A SHORT SALE-WE CAN CLOSE ANYTIME. PROPERTY MUST BE SOLD!! Adorable Gated Home w/ Large Deck w/ Gorgeous 180 Views overlooking Barn and Pasture. THIS IS A DREAM OPPORTUNITY. Large Brick BBQ Area, Coop, Barn & Outbuildings. Buy now, build later and be glad you did!

imageHere’s what Tracy had to say about today’s amazing featured property:

Is it me or is the world tipping? I have driven by this house and it is adorable, from the outside. Maybe it’s the shadow on the photo but the whole world now seems to be going downhill. I also like the write-up, that because it is now “corporate owned” the property is discounted from 5,000,000.00 now into the 900s! 64 acres come with it to mow!!!

64 acres to mow, yet no front lawn.  Truly a puzzlement.  And you never know just what you’re going to find when you have that big an estate to oversee.  It’s like having an Easter Egg hunt every day, only with mystery structures instead of brightly colored plastic.

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imageAnd we’ve made enough fun of crapboxes that put on pig lipstick with their granite, stainless and Pergo.  None of that nonsense to be found here!

This is a century-old house that isn’t pretending it’s anything else, and it’s smaller overall than some living rooms featured on this very site.  Heck, it’s smaller than some bathrooms we’ve seen.

 

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Speaking of surprises for Easter, buying this place could bring another round of exciting discoveries besides the outbuildings.  Find out how much fun it is to deal with the San Jose Planning Department if you ever want to build anything else here!

Now you know why they said build later: because you sure won’t be glad if you build now.

This place has been listed 7 different times since 2007.  Will you be the one to break the spell and crack open that instant equity?

Update: Price Reduced $150K, plus a visit from a Redfin agent!  He thinks the place “needs work.”  Now what will it take for you to buy this home today?

Comments (27) -- Posted by: madhaus @ 5:04 am

June 28, 2011

THREE YEARS OLD AND NEVER BEEN LIVED IN!

A little while ago we had this century-old listing in Willow Glen, where someone had bought the property and subdivided the lot, then built three houses all in a row behind the original one.  Thanks to Burbed reader nomadic, who found this listing in comments, we bring you one of those “newer” homes.

906 WILLOWSHIRE Way, San Jose, CA 95125
$749,000

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BEDS: 4
BATHS: 2.5
SQ. FT.: 1,994
$/SQ. FT.: $376
LOT SIZE: 2,613 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Traditional
STORIES: 2
VIEW: Neighborhood
YEAR BUILT: 2008
COMMUNITY: Willow Glen
COUNTY: Santa Clara
MLS#: 81119719
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 35 days

THREE YEARS OLD AND NEVER BEEN LIVED IN!PHENOMENAL HOME. JUST MOMENTS TO THE FINE AMENITIES OF DOWNTOWN LINCOLN AVE!CHIC DESIGNER STYLE THRUOUT. HIGH END FINISHES. STAINLESS APPLIANCES. GORGEOUS HARDWOOD FLOORS. TO DIE FOR MASTER SUITE W/ FIREPLACE. MASTER BATH W/ JETTED TUB. HIS AND HERS CLOSETS. CLOSE TO PARKS, SCHOOLS, NEW LIBRARY, & FRESH & EASY GROCERY STORE.

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Yes, this is the same Realtard as the old house, and she’s SHOUTING AT YOU just as LOUDLY.  Hmmm.  At first I wondered if she was behind the development in the first place, but the 2008 attempts at sale, as well as the April sales used a different broker.  The limited liability corporation behind this development was called Willowshire LLC, with a mailing address in Saratoga. The contractor was Vern Easthouse, of Los Gatos, and the construction was approved by the San Jose Planning Department back in 2005.  The three new houses were begun in May 2007 and finished in August, 2008.

imageMeanwhile, soon after they were finished, the ownership was transferred from Willowshire to United Security Bank of Fresno, by way of some capital service, not the one which held the construction loan.  Whoops!  I found a Notice of Default dated June, 2008, so the financial problems hit before the homes were finished.  There were a couple of mechanic’s liens filed against them too.

Meanwhile, there’s another long list of asking prices being changed, delistings, relistings, etc. etc.  Here’s what Zillow had on this place:

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There’s similar roller-coaster action with the original old house as well.

A Cisco manager married to a financial consultant bought one of the three new houses in 2009.  A Yahoo executive married to an Internet startup CEO bought another one of the new houses in 2010 and recently signed a consent decree for this property, which suggests he had some kind of lawsuit going against the development.  The original house in front and the remaining new one was bought from United Security Bank by a Palo Alto developer this April for $570K… but it had been sitting empty for 3 years.  New light bulbs and Drano now installed, it’s your turn to move in!

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Best of all, when you want to do that Pride of Ownership/Water Your Own Lawn thing… it won’t take a lot of your time.  Check out that lot: 2613 square feet.  Your gardener will charge you more to drive to your house than to rake the leaves!

Comments (16) -- Posted by: madhaus @ 5:08 am

June 2, 2011

Five Years of Circling the Drain

Who here doesn’t love overpriced crapboxes?  Anyone?  Of course we all do!  Overpriced crapboxes are what makes Burbed Burbed!  And today’s listing is not just an overpriced crapbox, but an overpriced crapbox with a mystery!  And you will NEVER guess where it is!

Thanks very much to Burbed reader sfbubblebuyer, who has a house to sell you.  Or maybe it’s a house to stay away from.  I just know that buy it or drive 25 miles in the other direction, you will not forget this place.

2504 EMMETT Way, East Palo Alto, CA 94303
$575,000

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BEDS: 5
BATHS: 4
SQ. FT.: 1,620
$/SQ. FT.: $355
LOT SIZE: 5,060 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1956
COMMUNITY: East of U.S. 101
COUNTY: San Mateo
MLS#: 81110691
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 84 days

5 BEDROOMS, 4 BATHS, 2 CAR ATTACHED GARAGE, CENTRAL FORCED AIR HEATING, FENCED YARD. UPGRADED WITH DUAL PANE WINDOWS, ETC.

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

I was going to post this to compare its crackerbox joylessness with the current crackerbox from Mountain View, but thought the listing history might deserve a post all of its own. I’m HOPING you know some people with access to the MLS for listing histories, because Redfin only shows it redacted, and Zillow seems to be ignoring the old listings history, but check this bad boy out.

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imageOn sale since 2006, and they’re still in denial! It’ll be their 5 year anniversary of chasing the market down on the 26th. Oh man, I want the juicy listing data to see where these geniuses started at and how they overplayed their hand for 5 years. How the hell do you try and sell in 2006 and FAIL? SERIOUSLY? They must have priced this bitch at 1.2 million or something to start!

Okay, sfbb, I feel your pain.  And I found this:

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imageLook!  It’s the same agent as now, all the way back in 2008, and the asking price was only $120K more.  Why, $120K wouldn’t even cover an East Palo Alto down payment in 2006.

Maybe this place was where they put the melamine in the milk products, or where our former Governor met up with bimbettes who weren’t classy enough to merit the Sacramento Hyatt Regency.

Comments (20) -- Posted by: madhaus @ 5:07 am

June 1, 2011

Price cut in East Palo Alto! $383,000 off!

$415,000

Beds: 2
Baths: 1.5
Sq. Ft.: 1,260
$/Sq. Ft.: $329
Lot Size: 9,944 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
View: Neighborhood
Year Built: 1949
Community: East of U.S. 101
County: San Mateo
MLS#: 81051940
Source: MLSListings
Status: Active

On Redfin: 204 days
Huge lot almost 10,000 sq ft. Addition of large family room, half bath and laundry room has permits. Property is across from small market. Walk to Home Depot. Best Buy, Mcdonald, Office Depot. Close to Stanford University.

Wow! What a deal! It’s near McDonald – the new less possessive franchise of McDonald’s.

Wait… this seems familiar… where have I seen this before?

July 21, 2010

Price cut in East Palo Alto! $373,000 OFF!

$425,000

1912 PULGAS Ave East Palo Alto, CA 94303

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Isn’t it straight how this was on the market for 474 days last year, and now it’s only on the market for 204 days?

But wait… this seems familiar again….

August 26, 2009
This house has easy access to gasoline station, home depot, best buy

It’s East Palo Alto week!

1912 PULGAS Ave, East Palo Alto, CA 94303 | MLS# 80913446
1912 PULGAS Ave East Palo Alto, CA 94303
Price: $798,000

1912

So the last few years weren’t all that great for this house – but this year, 2011, this is it! I know it! Go little green house go!

Comments (15) -- Posted by: burbed @ 5:45 am

May 24, 2011

Pending five times? Is there a portal to hell in the basement?

burbedguestbloggerWell, you Burbed readers are a tough crowd.  I’ve been recovering from a nasty bout of fever, so I dialed in a quickie Open Houses and Open Thread on Sunday.  You guys, I swear!  I don’t think any column in Burbed ever got 5 negative votes before.  Even a listing credited to a commenter who collects thumbs downs the way East San Jose collects foreclosures did better than that!  

Good thing Burbed reader sfbubblebuyer sent in a great listing with commentary ready to go, so I can hide under the covers in my depreciating former RBA house until the recession is over.  Keep those contributions coming in, it means the zip code entries will be put off a long, long time!

Please give sfbubblebuyer a big, warm Real Bay Area welcome with today’s Guest Post from beautiful downtown Burbank San Carlos!


885 SUNSET Dr, San Carlos, CA  94070
$749,000

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BEDS: 4
BATHS: 3
SQ. FT.: 1,610
$/SQ. FT.: $465
LOT SIZE: 8,100 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 2
VIEW: Bay, City Lights
YEAR BUILT: 1957
COMMUNITY: Beverly Terrace
COUNTY: San Mateo
MLS#: 81008742
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 452 days

INCREDIBLE GARDENERS PARADISE. SPACIOUS 2 LEVEL HOME FEATURING 2 SEPARATE LIVING AREAS COMPLETE W/ 2 FULL KITCHENS. 4 bed/3 bath (1bed/1bath is a studio) IDEAL FOR LARGE OR EXTENDED FAMILY. PANORAMIC BAY VIEWS FROM BOTH LEVELS. HUGE SOLAR POOL-MULTI LEVEL REDWOOD DECKS. GORGEOUS NEIGHBORHOOD. DECK HAS BUILT IN/CUSTOM BBQ GRILL. RECESSED LIGHTING. GREAT AMBIANCE. EMAIL ONLY joyadeeb@gmail. com

imageThis house is a short sell WAY below the prices of other houses in San Carlos, yet it has fallen out of escrow four times. (It’s in escrow again! Let’s see how long THIS one lasts.) Why would it be falling out of escrow when it’s almost not-a-lot-of-money less than other houses in the neighborhood? Nearby houses range from 1.1 to 1.6 million! Clearly there is a gaping portal to hell disgorging denizens of the netherworld into the house’s crawlspace! Or perhaps it has foundation issues that would make Bill Murray’s makeup artist blanch with fear. Perhaps Gilbert Gottfried lives in the house next door?

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imageWhatever the reason, this house is slowly crushing the current owner’s balance sheet into a fine paste. Now’s the chance to buy it, slap in some mawbahl cawlums and flip it for 1.5! Get busy! I mean, think of all the flat screen televisions you could have! And you’d finally have the confidence to start that harem you’ve always wanted! BUY BUY BUY!

(But be sure to keep the Ghostbuster’s number handy in case that portal to hell thing turns out to be true.)

Comments (18) -- Posted by: madhaus @ 5:02 am

October 28, 2010

A Great Land Bank Opportunity

Today’s listing was sent in by burbed reader nomadic.  Thanks very much!

14050 Shannon Rd, Los Gatos, CA 95032
$8,495,000

image Beds: 6
Baths: 8
Sq. Ft.: 6,138
$/Sq. Ft.: $1,384
Lot Size: 31.53 Acres
Property Type: Detached Single Family
Style: French
Stories: 3
View: Green Belt, Mountains, Canyon, Valley, City Lights
Year Built: 1998
Community: Los Gatos/Monte Sereno
County: Santa Clara
MLS#: 80788192
Source: MLSListings
Status: Active
On Redfin: 941 days

Sellers found their next property-Bring your offers. .This stunning residence captures the timeless refinement set on approximately 31.5 acres of gently rolling, pristine landscape. Annexation is complete in the town of Los Gatos Check with the Town on lot min 2.5 acres. 6 bdrms, 7 baths & 2 1/2 baths. This makes this home a great land bank Opportunity.

imageHere’s what nomadic had to say about this stunning residence:

On the market for 932 days. is that a record?  It’s been listed on and off for NINE years without a sale.  The price has been cut $2.3M since 2008 – that’s more instant equity than 1.5 median houses in this zip code.  The
realtor is keeping his optimism in the first line of the listing, “Sellers found their next property-Bring your offers.”

Wow, 932 days.  That’s like 932 years in Silicon Valley time measurement.  Let’s take a look.   If burbed readers can figure out why yesterday’s house wasn’t selling, I’m sure they can do it again!

And it’s Style: French.  How do you say, “You have got to be fracken kidding me” in French?  Or “Don’t you think they over-Photoshopped the green in that exterior shot?”

imageI don’t know if I’d call this style French.  These overdone rooms with saturated colors that belong on evening gowns rather than wall decor remind me of somewhere… Ah yes!  Another house that isn’t selling!

Mais non, nomadic, your submission is not a burbed record, because that house has been on Redfin for (zut alors!) 1284 days.

Maybe there is something about houses with curved stairways landing on white tile with black inset, or fussy little rooms in a color that will drive you mad inside of a week.  Do these properties have that certain je ne sais quoi?  Problem is, all the buyers are certain to have that je n’ai rien.

The Annexation is complete in the town of Los Gatos!  Toute résistance est futile.

Comments (27) -- Posted by: madhaus @ 5:07 am

October 27, 2010

Definitely the Best Value in Sunnyvale. Definitely.

When a property has been listed for a year and hasn’t sold, there’s a problem somewhere.  Your mission today is to find out why the house with the lowest price per square foot in 94087 can’t get a closing date.

1058 Lois Ave, Sunnyvale, CA 94087
$950,000

image Beds: 6
Baths: 4
Sq. Ft.: 2,930
$/Sq. Ft.: $324
Lot Size: 6,000 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 2
Year Built: 1953
Community: Sunnyvale
County: Santa Clara
MLS#: 80948844
Source: MLSListings
Status: Active
On Redfin: 379 days

Great home for a large family or for a family that needs inlaw quarters. Lowest price per sf ($324) in 94087 area code. 6 bedrooms, 4 bathrooms, 2 bedrooms and bathroom downstairs can easily be inlaw quarters. Bonus room, office, family room, living room, large kitchen, large dining room, large backyard, large utility room. Homestead High School, Cherry Chase Elem. Definitely the best value in Sunnyvale.

94087 used to be in the RBA, but this house ensured that zip will never be invited back.  This traitor to doubling every ten years sold on 10/31/2001 for $680,000.  It was listed in April 2009 for an unknown amount, and taken off the market in October.  October 2009.  Then it was listed again for $998,888, with the price reduced to $950K in March.  Taking away all those eights didn’t improve its luck.

Maybe the problem is the vanishing second floor.  When you look straight at it, it disappears.  It even fooled the GoogleCam.  You can see daylight through the trees.  That’s just like not seeing a vampire in a mirror, only it’s a Halloween house and a camera, and you can see the bottom floor fine.  Plus all the trash cans!

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Meanwhile, the poor lonely house is still waiting for a suitor.  Can you give it some dating advice before another Halloween passes by?

Comments (31) -- Posted by: madhaus @ 5:09 am

October 22, 2010

Investors/Contractors Delight with Many Possibilities!

What is your favorite kind of problem property?  Do you like 100+ year old termite havens?  How about severe price reductions chasing the market down?  Or does an eye-popping you-have-got-to-be-insane wishing price make your day?

Here’s what burbed reader nomadic, who sent in today’s featured listing, had to say about this trifecta:

$2.5M for a tear-down on .47 acres in LG?  That backs up to townhouses?  How much is it worth to be a short walk to the middle school?  Whatever it is, it’s probably off-set by the headache of all of the traffic that will
accompany it.

You know what the agent would say: the value is in the land!

16922 Mitchell Ave, Los Gatos, CA 95032
$2,499,000

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Beds: 2
Baths: 1
Sq. Ft.: 1,200
$/Sq. Ft.: $2,082
Lot Size: 0.47 Acres
Property Type: Detached Single Family
Stories: 1
View: Neighborhood
Year Built: 1900
Community: Los Gatos/Monte Sereno
County: Santa Clara
MLS#: 80823053
Source: MLSListings
Status: Active
On Redfin: 821 days

Investors/Contractors Delight with many possibilities! 3 Lot subdivision capability to build 3 new homes. Remodel existing home and build two new homes at site. Replace/remodel existing home on large lot. Property walkable to Los Gatos shopping and schools. Huge price reduction for this in-demand LG location.

Yes you read that right, 110 years old, 1200 square feet, with each one of them priced over two thousand dollars, and it’s been on the market for 821 days.  It’s like every single metric of horrible all rolled up in one.  All we need is a wrecked foundation and a clouded title.  (Um, wait… why is there an earthquake disclosure?)

So let’s see what nomadic meant about the neighborhood.

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“Backs up to townhomes” wasn’t a figure of speech!  But speaking of Many Possibilities, how about checking out the other MLS listing for the same location?  Same price, same address, but they’re marketing the property as Residential Land and ignore the house.

Guess the Investing Contractors are in, demanding another Huge Price Reduction before delighting.

Comments (18) -- Posted by: madhaus @ 5:07 am

September 23, 2010

Needs Much Updating and Restoration and Soundproofing and Relocating

Usually a property gets featured on burbed because it’s incredibly overpriced or a complete and utter disaster.  It’s rare to find a listing that’s both.  Thanks to burbed reader sonarrat, who has absolutely broken the mold by finding us this house.

342 Bonita Ave  Piedmont, CA 94611
$2,000,000

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Beds: 4
Baths: 1.5
Sq. Ft.: 2,524
$/Sq. Ft.: $792
Lot Size: 0.28 Acres
TYPE: Detached
STYLE: Victorian
STORIES: 1
Year Built: 1878
Community: Central
County: Alameda
MLS#: 40367236
Source: EBRD
Status: Active
On Redfin: 745 days

The Wetmore House, Piedmont’s oldest home. Folk Victorian with much original detail. On Nat. Reg. of Hist. Places. Includes sep. “barn” , a 1+ bedroom LEGAL rental w/ $2000/mo. income. Lovely garden with fruit trees; well on the property keeps everything green. Needs much updating & restoration

This property has way more than merely a sky-high price and poor condition.  Not only does it need extensive repairs, but you have absolutely no say in how to improve it because it’s on the National Registry of Historic Places!  But this gets even better.

Do you like a bargain?  This house has had a 42% haircut so far!  That’s $1.5 million of instant equity right there!  And it’s been on MLS for two years!  Now what would you pay?

How about a big house on a quarter acre with no garage?  Because in 1878 nobody needed a garage.  There’s a “barn” for your “horses,” and if that was how rich people lived in 1878, then why should you complain?  This house is on the National Registry of Historic Places!  Be grateful they’re not making you dress in period costume!  And speaking of complaining…

Are you thinking location, location, location?  Well this two-million-dollar sinkhole is located in a place where the residents think they live in the Real Bay Area but they can’t possibly… because it’s in (gasp) THE EAST BAY.  Not only is Piedmont in the East Bay…. it’s completely surrounded by Oakland. And wait, there’s even more to love about this listing!

When I said location, location, location, I wasn’t kidding.

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You’re not going to have to worry about emergency response time if you live here, because the only fire station in the whole town is located right next door!  Hope you’re a sound sleeper!

Plus you’ve got an elementary school across the street to ensure you can’t drive anywhere during the beginning or end of the school day, and forget about having any friends over because every parking space within five blocks will be taken by the suburban assault vehicles.  And just in case the school has a teacher-out-of-service day, the high school is conveniently nearby too.

Yes, this house is smack-dab in downtown Piedmont, so you’re right in the middle of ALL the action!  At least you can ensure you’ll always be first in line to sign up for classes at the Rec Center!

Plus, buy this house and not only will you have an insanely high monthly mortgage payment, you can also partake in the joy of being a landlord!  The agent said the rental onsite is LEGAL, and have you ever heard of a real estate agent being dishonest?

This has got to be the best burbed listing EVER!  So please buy it, because it’s only assessed for $104,000.  Everyone at the Fire Department will come over and thank you personally.

Comments (47) -- Posted by: madhaus @ 5:03 am