August 29, 2013

Move-in, remodel or tear down and start over in Orinda

Sometimes our readers forget that we are a Northern California real estate blog, not just Silicon Valley. We realize with so little of the Real Bay Area outside Where Innovation Happens it’s easy to forget this. However, Burbed Win can be found almost anywhere. Today’s featured funhouse from Burbed reader edie takes us to the wild and uncivilized jungle of Orinda! (That’s in CoCoCo, in case you haven’t gone anywhere but Google via Google Bus in the last two years.)  But one thing this place has in common with so many other Burbed properties: Pending!

130828-linda-redfin6 LINDA Vis
Orinda, CA 94563
$499,000

2 Beds
2 Baths
1,219 Sq. Ft.
$409 / Sq. Ft.
Built: 1939
Lot Size: 0.29 Acres
On Redfin: 21 days
Status: Pending
Type: Detached
Stories: 2
Community: Country Club
MLS#: 40626723
Style: Cottage
View: Hills, Wooded
County: Contra Costa

This charming cottage is on a great oak-studded . 28 acre lot in the Orinda Country Club area. It’s an idyllic setting! The house is a 2 bedroom, 2 bathroom, 1200+ sf in two stories with a 2 car detached garage. Ready to move-in, remodel or tear down and start over.

130828-linda-kitchenHere’s why edie thought you’d want to venture out of your comfort zone and look at this place:

Check out the price history. The place went up by 200K in a year when it clearly hasn’t been touched in that time. (Unless "creepy backwoods cabin" is the new aesthetic among flippers.

Though pathetically, after going to yesterday’s open houses in the East Bay, this place doesn’t seem so bad to me. 

130828-linda-garageWe always wonder about listings where there are 3 times as many outside as inside pix, and it’s not like the outside shots are showing different parts of the grounds. We can only assume that the current owner has some secret Web 6.0 Electric Motor SuperDuperHyperUltraLoop High Speed mass transit project in those bedrooms that Cannot Be Photographed Upon Pain of Death or initialing every one of the 400 pages in the NDA.

Or, this being Orinda rather than Saratoga, it’s more likely a bunch of dead primates.

Comments (3) -- Posted by: madhaus @ 7:03 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

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.

(more…)

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