February 8, 2014

Fixer Upper in Palo Alto – Just $1.85 million!

Oh, frabjous day! Well, what are you waiting for?

140207-oberlin-redfin2114 OBERLIN St
Palo Alto, CA 94306
$1,895,000

2 Beds
2 Baths
896 Sq. Ft.
$2,115 / Sq. Ft.
Built: 1932
Lot Size: 6,250 Sq. Ft.
On Redfin: 12 days
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cottage/Bungalow
Community: College
MLS#: 81402493

RARE OPPORTUNITY IN COLLEGE TERRACE! 2 COTTAGES IN ORIGINAL CONDITION ON THE PROPERTY (BUILT IN 1932). Each Cottage has one bedroom and one bathroom. LOT SIZE 6,250 sq ft per City of Palo Alto Parcel Map and RealQuest(Lot Width/Depth: 50 X 125). Two one-car garages.

140207-oberlin-drivewayTwo one-car garages! Now THAT is a rare opportunity.

What’s even rarer is a peek inside either cottage.  No such luck.  The agent figures both of those puppies have a big date with the bulldozer.  It’s enough to make you lament for the poor average millionaires who will have to share the block with another billionaire running roughshod all over them.

Comments (26) -- Posted by: madhaus @ 7:02 am






January 17, 2014

Selling Shortly in Hayward

Let’s visit the East Bay today, always good for a fresh angle. 

140116-ocie-redfin466 OCIE Way
Hayward, CA 94541
$460,000

3 Beds
1.5 Baths
1,185 Sq. Ft.
$388 / Sq. Ft.
Built: 1958
Lot Size: 5,005 Sq. Ft.
On Redfin: 14 days
Status: Active
Type: Detached
Stories: 1
Community: Alameda
MLS#: 40641549
Style: Ranch
View: Other
County: Alameda

Great Opportunity! Easy access to Hwy 880 and 92. House Needs TLC. 3 bedrooms one and a half bath. As is Sale.

140116-ocie-tiltWe’re going to take this one if this is really As it Is —>

And while some of the interior shots are almost maddeningly normal, fortunately the agent did not disappoint us with this careful study of the dining room.

140116-ocie-dining

One could almost think the Real Estate Professional was so excited about this Great Opportunity that she couldn’t be bothered to focus the iPhone before running to her car to post the shots.

Comments (10) -- Posted by: madhaus @ 7:06 am

August 27, 2013

Thirteen Forty Seven: Diamond in the rough part of Old Palo Alto

Yesterday’s house didn’t seem to do it for our readers, or at least the readers who enjoy commenting about properties featured on our site. So today we’re going back to a tried but true perennial: the Palo Alto crapbox, with bunus WTF pricing.  And no, we don’t mean that the way you think we do.

Thanks very much to Burbed reader Michael Boltonestater for sending in today’s house. Oh yeah, one more thing.  PENDING!

130826-alma-movoto1347 Alma St
Palo Alto, CA 94301
$625,000

Loan Payment: $2,423/mo
Bedrooms: 2
Bathrooms: 1
Size: 848 sqft
$/sqft: $737/sqft
Type: Single Family House
Year Built: 1925
Lot Size: 1,100
Days on Movoto: 8 days
Neighborhood: Old Palo Alto
MLS#: 81329852
Status: Pending – Do Not Show

Diamond in the rough! Contractor special for a property that needs cosmetic and some possible structural intervention. Price reflects condition. Many possibilities! Don’t miss this great opportunity!

130826-alma-framingDid you say possible structural intervention? Say no more! Nothing like a real challenge to whet the appetite on a Tuesday morning, because the usual shortcomings of a busy street and Elon Musk’s Hyperloop right across from it aren’t sufficient. And if you think that would scare anyone away, think again! How many other properties on 1100 square foot lots went pending in 8 days?

We were sure than lot size was a typo until we took a look at the aerial view.

130826-alma-satellite

This is a one-story house, 848 square feet. Looks like a similarly-sized house shares the lot. 1100 could well be correct. But, seriously, is any price too high for your own quarter of a tenth of an acre in Palo Alto?

Comments (7) -- Posted by: madhaus @ 7:09 am

August 8, 2013

Opportunity in Sunnyvale!

We have a prince of a property for you today. It’s in a great location, it’s not priced at a batshit insane ask like yesterday’s house, and best of all, you can review the listing in about 25 seconds.  Thanks very much to Burbed reader SB for the nomination!

130807-blair-redfin909 BLAIR Ave
Sunnyvale, CA 94087
$949,880

3 Beds
2 Baths
1,210 Sq. Ft.
$785 / Sq. Ft.
Built: 1955
Lot Size: 5,900 Sq. Ft.
On Redfin: 6 days
Status: Active
Property Type: Attached Single Family
Community: Sunnyvale
MLS#: 81327967
Stories: 1
County: Santa Clara

Sunnyvale prime location. Rear opportunity in Sunnyvale desirable school district.

Upcoming Open Houses

Sunday, Aug 11: Open House – 11:00-2:00 pm

Can’t imagine why you’d need to go to an Open House, as the seller obviously has shared everything you need to know about this rear opportunity. However, an aerial photo does a great job demonstrating just what an opportunity awaits in the rear.

130807-blair-rear

Yes, that opportunity comes in the form of a body shop and a tire store, right on El Camino Real, the Street of Kings!  We can also check the Streetview if you wish.

130807-blair-streetview

DHO! DHO! Maybe he’s a King too!

Comments (9) -- Posted by: madhaus @ 7:07 am

August 7, 2013

Palo Alto: The original home of Bay Area Bubble 4.0

We’ve been neglecting The Best City in The Most Special Place On The Planet! That’s right, we haven’t mentioned Mountain View in days! So while you’re waiting for more marvelous Mountain View, here’s a Palo Alto Property with Pride of Ownership instead. Thanks very much to Burbed reader Wendie for sending in this palace!

130806-homer-mlslistings424 HOMER AV
Palo Alto, CA 94301
$2,875,000 – Active

Type: Single Family Home
MLS #: ML81327461
SqFt: 2,200
130806-homer-frontBeds: 5
Lot Size: 3,920 SqFt
Baths: 3 Full
Year / Age: 1937 / 76

beautiful home near downtown. Current use is duplex a) 3 bed/ 2 bath & b) 2 bed/ 1 bath. Possibly convert to 5 bed/ 3 bath single family home. Approx 2200 sq ft total. Plus bonus basement area includes laundry room/ bonus rooms / extra storage. Hardwood floors. skylight. Family kitchen opens to private back yard with deck. Near downtown. Great location. Great home. Wonderful opportunities.

130806-homer-livingSorry for putting in the same picture twice, but that MLSListings layout doesn’t lend itself well to showcasing the first picture. And for $2.9 million, you need a good look at this estate. But let’s check in with Wendie, who has a few things to share.

Crazy pricing in Palo Alto.

2.8 million!

For 2.8 million, is the house:

130806-homer-kitchen1) Big?…no
2) On a big piece of land?….not even. One of the smallest plots of land you can find!
3) On a quiet street? Nope
4) Turn-key for a single family?  You wish! Expect construction costs in your future!
5) Situated on a lot with a private backyard?  
Aw shucks, no, you have  an apartment building overlooking your teeny tiny yard!
6) New, stainless steel appliances? Not really.
7) Updated bathrooms? No way, Jose!
8) Great curb appeal?  Negativo!

130806-homer-bedroomBut, this could all be yours for a crazy $2.8 million smackaroos! $1,272 per square feet! 

Wendie, great rant, but you seem to have missed the point. This house is in Palo Alto! All those things you’re complaining about simply don’t matter, because… this house is in Palo Alto!  These are not problems, these are opportunities! F’rinstance, the seller is realizing an opportunity in putting the house up for sale for the batshit insane asking price of $2.875 million.

Here’s the link to Redfin, should you prefer their take on the house. Love the natural corrugated décor above.

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

April 10, 2013

I scream, you scream, we all scream for Inverness!

BlogAtoZ-IAs we move Into the second week of the Blogging from A to Z Challenge, we note that some letters are Indeed more Inconsiderable than others. We Imagined X to Induce Irritation. But what’s a good I for a Bay Area place name? There’s the Irvington district of Fremont, but we’ve been showing Fremont waaaaaay too much Burbed love lately.

Fortunately, an Inch further north Inducts more I’s without Invading Sonoma County. Yes, I is for Inverness.  And a few other Items. 

130409-sirfrancis-redfin12641 Sir Francis Drake Blvd
Inverness, CA 94937
$519,750

4 Beds
3 Baths
1,939 Sq. Ft.
$268 / Sq. Ft.
Built: 1977
Lot Size: 3.13 Acres
On Redfin: 1 day
Property Type: Residential, Detached, Single Family
Stories: 2
Community: Inverness
MLS#: 21307625
Style: Contemporary
View: Bay, Hills
County: Marin

Bank Owned Bargain! Classic views of Tomales Bay and the countryside beyond from this two level home with three beds and two baths upstairs, and one bed, bath and living room downstairs with separate entrance. Don’t miss the loft storage areas too! Nestled on over three acres, this home needs a little TLC to be a perfect retreat, ideally located near the Point Reyes National Seashore. Don’t miss out on this wonderful opportunity!

130409-sirfrancis-frontIdeally located! But when the front Image Is of anything other than the Indicated Inhabitance, there’s a reason for the Inhibition. And speaking of the Impossible to Itemize letter X, just look what’s In the sky In both these Images.

Do you need more Impetus to buy this house Immediately? The Zestimate is $962K, while eppraisal comes In at an Illustrious $1.15 million!

Inquire now and Indulge In the Instant equity for Infinity!

Comments (3) -- Posted by: madhaus @ 5:05 am

February 10, 2013

Another Wave of the Bubble Wand: A $6.5M Crapbox in Palo Alto

130209-webster-bubblewandYesterday we had a brief summary of snapshots showing that we are indeed entering the early stages of a new real estate bubble.  Far-flung areas are still far below their ridiculous 2005-6 peak pricing, and nearby but unloved neighborhoods are being scraped up by investors rather than the outbid mortgage mooches.

But core Real Bay Area listings near high-paying tech jobs are at or even above their insane 2008 peak pricing.  Yes, 2008.  Crap areas hit their high-water marks much earlier than premium places, and it’s the high end that has come back first and letting us know it.  We promised we had a doozy for you today, and we weren’t kidding.  Thanks very much to Burbed reader Wendie for bringing by the bubbly by the carboy.

Location, Location, Location! Teardown: $6.5 Million

Need proof that the Palo Alto housing market has heated up?

130902-webster-patchBy Beatrice Karnes; February 8, 2013

It’s not enough to live in Palo Alto—homebuyers want to live in specific neighborhoods. A home in Old Palo Alto has gone on the market and it’s being advertised as a tear-down or a remodel. Asking price: $6.5 million.

It’s a simple, middle class home built in the mid-1930s and boasts four bedrooms, 3.5 bathrooms, hardwood floors, some linoleum or vinyl floors, and a one car garage.

Let’s have a look.

120209-webster-mlsl1935 WEBSTER ST
Palo Alto, CA 94301
$6,500,000

Active
Type: Single Family Home
MLS #: ML81303410
SqFt: 3,009130209-webster-front
Beds: 4
Lot Size: 16,610 SqFt
Baths: 3 Full / 1 Partial
Year / Age: 1937 / 76

Virtual Tour

Prestigious Old Palo Alto location. Rare opportunity to remodel or build new on a large lot. Possible subdivision, Buyer to verify with City of Palo Alto. Built in 1935 by William Wurster. Detached recreation room with workshop, dark room and half bath.

130209-webster-tulipsLet us count the ways that this is Dutch Tulip Fever all over again:

  • A teardown, for Six. Point. Five. Million. Dollars.
  • A teardown, but you could remodel. After spending Six. Point. Five. Million. Dollars.
  • A teardown, 78 years old (2 years too young for the “old house” tag)
  • A teardown, with a named architect.
  • A teardown, sold for its potential to build two houses. But why stop there, bribe the appropriate agencies and cram in four!  Heck, how about a 20 story condo tower? Buyer to verify with City of Palo Alto.
  • A teardown, with 22, yes twenty-two mostly similar photos in full HDR.  Have you ever seen HDR photos of a workshop, a basement, or a garden hose left on the ground?  You’re about to.

130209-webster-workroom130209-webster-huh130209-webster-hose130209-webster-carport

Do not miss this Rare opportunity to be able to Walk To Steve Jobs’ House.

Comments (21) -- Posted by: madhaus @ 5:07 am

February 6, 2013

What’s Special and Vintage and Oh So Cute and only costs $350,000?

So many times we hear the refrain, “I would love to buy a house, but I can’t afford anything.  It’s just too expensive here.” And so many times we have found affordable houses that YOU could go and buy.  Today we have yet another exciting opportunity for YOU, the would-be homeowner.  Just imagine yourself watering your very own lawn!  Or even better, your very own Rose Garden!

130205-forest-redfin1951 FOREST Ave
San Jose, CA 95128
$350,000

1 Beds
1 Baths
525 Sq. Ft.
$667 / Sq. Ft.
Built: 1915
Lot Size: 3,600 Sq. Ft.
On Redfin: 70 days
Status: Active
Property Type: Detached Single Family
Community: Central San Jose
MLS#: 81241926

This home is located in the desirable Rose Garden neighborhood. Needs a lot of work. Not livable now. Contractor’s special. Located on a 3,600 square foot lot. Has a lot of potential. Great opportunity for someone looking to move into a fantastic area.

130205-forest-satellite

This property is Special for a number of reasons, and we don’t just mean for Contractors.

That’s a Streetview shot on this property listing.  The realtard didn’t even bother cropping it a little to strip out the Google logo.  It also, LUCKY YOU, conveniently fell out of contract just a couple of weeks ago, and is relisted at the same attractive price. 

Speaking of attractive, let’s swing that Streetview camera just a little to the right (below).  While the white truck is intriguing, the station wagon is vehicular WIN.  And from the satellite shot on the left, we can see exactly why this is such an attractive proposition: this looks like a Hoarder House.  Can you imagine what sorts of “bunus” loot awaits the lucky buyer of this affordable home that wears its 98 years proudly?

130205-forest-streetview

Bunus Specialtude: This home has been featured as the cover photo of our brand new Facebook Page for a couple of days.  Keep checking over there for new cover photos, and play “Find That Crapbox!”

Comments (11) -- Posted by: madhaus @ 5:07 am

January 23, 2013

How about another pink house?

That’s right, who doesn’t love a pink house?  Especially a pink house in San Jose!  How about East San Jose, because that’s what Burbed reader Tracy Tea House has found for us.  And once more, you are TOO LATE.  Seriously, would you get off your butt and buy another house? Do you want to be PRICED OUT FOREVER in Bubble 4.0?

130122-pickford-redfin50 PICKFORD Ave
San Jose, CA 95127
Listed for $324,950
Sold for $391,000 on 11/28/2012

3 Beds
2 Baths
1,381 Sq. Ft.
$283 / Sq. Ft.
Built: 1930
Lot Size: 10,000 Sq. Ft.
Sold On: Nov 28, 2012
Status: Sold
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Craftsman
Community: Alum Rock
MLS#: 81239001

BANK OWNED REO! Excellent opportunity to own a home with lots of upside potential. Property has two garages, both have had permits pulled but never finaled. Property needs lots of work and is to be sold in its present “AS IS” condition. Home is in fairly good condition inside but you will need to replace some doors and windows. Some kitchen appliances are missing.

130122-pickford-tracyOpportunity! Potential! Fairly good condition! Unfinaled permits! Bank Owned REO! (What other kinds of REO are there?) What are you waiting for, don’t walk, don’t run, rent a helicopter and FLY over there right now!  Let’s listen in on Tracy’s nomination speech:

130122-pickford-hallway

Pink and dismal. So much more than “some of the appliances are missing.” How about the sheet rock? Stinking Pink, tiny halls, open toilets, this bank owned house has it all.


Is this the “RBA?” I like the three pictures of the street in the wild west of East San José.

Wild West is right, they even show the broken windows.  We don’t know where Tracy got the above shot because it’s not on Redfin, and ZipRealty wanted us to sign in (As If, ZipR!)

Enjoy the pictures.  We included a bunch, because we never know when some real estate site will make us sign in.  The street, the open toilet, and many more right after the break.

(more…)

Comments (4) -- Posted by: madhaus @ 5:07 am

December 24, 2012

Great opportunity, fully furnish, for Christmas Eve!

While you’re busy getting your last-minute Christmas shopping and decoration and cooking done, think about celebrating the holiday with your extended family. Now think about what it means to turn home, hearth, family, and grandparents into that All-American concept of… making a buck off it.  Thanks very much to Burbed reader J.C. for showing us what the true spirit of the holidays is about.

121223-dunholme-redfin631 DUNHOLME Way
Sunnyvale, CA 94087
$1,395,000

6 Beds 
4 Baths 
2,852 Sq. Ft.
$489 / Sq. Ft.
Built: 1976 
Lot Size: 10,176 Sq. Ft. 
On Redfin: 65 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Sunnyvale
MLS#: 81238349
Style: Traditional
View: Neighborhood
County: Santa Clara

Great opportunity for business , Clean private residence, elderly care facility , fully furnish, with pool.

121223-dunholme-dho-tvHere’s what J.C. thought when sending us this listing:

Complete with pictures of elderly residents that come with the home!

A perfect purchase to ensure you won’t be lonely this Christmas!  Or New Years!

We may or may not be taking tomorrow off, but we’ll have some year-end closeout sales waiting when we return. 

If we return.  Because we could have been reading those stone disks all wrong and the world could end this week.

Comments (1) -- Posted by: madhaus @ 5:02 am