December 23, 2013

Possible Crime Scene in Pacifica

Today’s featured property is no longer available either in this condition or at this price. Yes, you are now priced out forever! But let’s enjoy what you could have had in 2009, if only you had acted! Thanks very much to Redfin Collections member Quinn, who showcased this place in the awesome gallery Possible Crime Scene.  Some Burbed properties are featured there, which is how we found this one and are now returning the favor!

131213-francisco-redfin2222 FRANCISCO Blvd
Pacifica, CA 94044
Sold for $179,000

1 Beds
1 Baths
— Sq. Ft.
Built: 1948
Lot Size: —
Sold On: Feb 27, 2009
Status: Sold
Property Type: Detached Single Family
Community: West Sharp Park
MLS#: 80821476
Stories: 1
County: San Mateo

Complete fixer!!! Everything needs replacing. Do not enter. Property is sold "As Is". Trash and garbage have not been removed. Public records do not state Sq Ft of lot nor building. Age is an estimate. Bulldoze and start from scratch.

Source: MLSListings
Listing provided courtesy of: Galina Plizga, New Light Realty, DRE #01372469
Buyer’s Agent: NON MULTIPLE LISTING OFFICE

Is a non-Multiple Listing Service the same thing as a Single Listing Service?  While you’re pondering that, enjoy the Possible Crime Scene photos from this Non Multiple Listing.

131213-francisco-crib131213-francisco-kitchen131213-francisco-stuff131213-francisco-basket131213-francisco-wtf 131213-francisco-yard131213-francisco-meth

Maybe this is just us, but we’re sure getting a Was This House A Meth Lab vibe from these photos.

And be sure to check out what happened when someone bought the house, bulldozed, tore down, built up, and sold it for a lot mo’ money in 2012.

Comments (3) -- Posted by: madhaus @ 7:06 am






February 21, 2013

HOUSE for under $300K with colorful history, we bet

Yes, you heard right, today we have an actual house for sale for less than $300 big ones.  That means you have no more excuses for not becoming a homedebtor.  Thanks very much to Burbed reader holyzoo for passing along this palace in Pacifica!

130220-edgemar-movoto627 Edgemar Ave
Pacifica, CA 94044
$289,000

Loan Payment: $1,022/mo
Bedrooms: 3
Bathrooms: 1&1/2
Size: 1,000 sqft
$/Sqft: $289/sqft
Type: Single Family House
Year Built: 1950
Lot Size: 5,104
Days on Movoto: 14 days
Neighborhood: Pacific Manor
MLS#: 81303817
Status: Active

This is a total fixer upper. The house needs everything! Swimming pool full of rancid water. Considered uninhabitable . Sewer lateral needs to be replaced. This is a contractor special. The house needs all new systems and total restoration. Large termite report calls for further inspections. Holes in walls. Wood floors ruined.

130220-edgemar-hardwoodDid you hear that? This house has EVERYTHING!  Let’s check in with the zed.

Yeah, I know it’s totally not RBA, but how often do you actually see a listing for under $300k?

I think we’ll be heading to the open house just to feel thankful we don’t have cancer or gangrene.

Speaking of the open house, let’s see how open the walls are.

Wait a minute, wait a minute… Remember when we last saw floors like this?  Sure you do.

130220-edgemar-chemstains-article

130220-edgemar-entryNow, we are definitely not saying that this house could have allegedly been a hypothetical meth lab.  And we are definitely not saying that this house could have been used for any non-normal innocent suburban purposes whatsoever OH PLEASE DON’T SUE US PLEASE DON’T THROW US INTO THAT BRIAR PATCH JACKPOT JURY PROCESS. 

But we are saying that it’s a good thing the nearest fire station is, we swear we are not making this up, only 88 yards from this house.

Have a look at some more pictures, including one that is very definitely NSFW, after the break.

(more…)

Comments (29) -- Posted by: madhaus @ 5:02 am

August 29, 2008

“Complete fixer!!! Everything needs replacing. Do not enter.”

2222 Francisco BLVD, Pacifica, CA 94044 West Sharp Park MLS# 80821476 – Property Details
$286,900

* Status: Active
* Bedroom: 1
* Bathroom: 1
* Year Built: 1948
* Lot Size: N/A
* Square Footage: N/A
* List Date: 7/14/2008
* Garage Spaces: 1
* MLS#: 80821476

Complete fixer!!! Everything needs replacing. Do not enter. Property is sold “As Is”. Trash and garbage have not been removed. Public records do not state Sq Ft of lot nor building. Age is an estimate. Bulldoze and start from scratch.

Burbed has seen a lot of strange properties, but this find by Burbed reader sonarrat really takes the cake. The outside isn’t great – but it’s not super bad either. Let’s take a look at some interior photos:

Wow. Just wow.

But just think: buy it, bulldoze it, build a new house? Hey – suddenly you’ve got a pretty nice piece of real estate in Pacifica.

And this brings us to Friday’s “Write a story about what happened here” contest.

So… what do you think happened here? Let’s get those creative juices flowing!

Comments (64) -- Posted by: burbed @ 5:03 am

May 10, 2006

Debt! It’s better than working!

I keep seeing that real wages have held steady or have fallen in the last few years – yet people are living better than ever. What’s going on? Where is this money coming from (when not from Asia, anyway)?

Sonoma Housing Bubble
“A decade ago, I remember my mother telling me that after nearly 20 years of residing in their home, which my father had designed and built for about $75,000, my parents had a mortgage of over $500,000.”

“What happened?” I asked my mother disapprovingly.
She waved my concerns aside. “This house is a bank,” she said. “We’ll never pay it off.”
A bank?

“After that, I could never think about our lives in quite the same light. My parents were self-made. They were from poor, working-class families with five and eight siblings, and had put themselves through college, worked hard, and never got a dime from any parent or grandparent, dead or alive.”

“But suddenly I realized that their college educations and hard work might not have been enough to cover certain … luxuries.”

[snip]

“Lynn Ruth Miller, who bought her Pacifica home for $97,000 in 1985, is living on the equity from her house and investing part of that money to get earned income.”

“I could not survive if I didn’t do that because my fixed income is $720-plus a month,” she wrote. “Because of the rise in property values I am living very comfortably and could not possibly pay my bills otherwise.”

“Some even factor the monthly payments of the equity line into the equation. My mortgage broker, Michael Simmons, once had a client who took out a $500,000 equity line to pay for her elderly mother’s home care and the monthly payments of the equity line itself.”

“Geoff Caldwell of San Francisco, used an equity line to avoid expensive dormitory fees, by buying a house for his daughter to live in during college.”

Edward Malouf of Novato funded a condo for his son. “We paid all cash for it, and our son made every payment, as agreed,” he explained. “Because of this, we allowed him to keep the appreciation when he sold the condo, so he could buy a larger, three-bedroom one.”

“Equity lines and second mortgages haven’t always played such an integral role in American life. In the old days, taking out a second mortgage or an equity line had a certain stigma attached.
“It meant you were the sort of person who couldn’t pay your bills — that you were living above your means,” Simmons explained. But over the past 20 years, he’s seen things change.”

Indeed, treating the home as a bank has grown naturally out of a sea change in our attitudes about debt. Once, credit cards also carried a stigma; now they are ubiquitous in all classes of society. As more and more people began to pay exorbitant credit card interest rates, equity lines — with their relatively low interest rates — suddenly looked downright practical.

[snip]

“Say you have a house that’s worth $1.3 million. Is it a reasonable expectation that you’ll ever pay it off? Probably not. The most people hope for is that someday they’ll sell it for a profit or leave it to the kids, who might have to sell it but will maybe make a little money.”

[snip]

Ten years ago I was horrified by my parent’s use of our family home as a source of cash, but now I see things differently. Would it have been better to have paid off the house and lived mortgage free? Maybe. But going that route would surely have meant curtailing their choices earlier — never giving their kids college tuition, or working extremely long hours, or having to get corporate jobs instead of working for themselves.

Oh crud… this is what my mortgage broker friend has been telling me for a while. I guess I was all wrong after all.

Click here to post a comment -- Posted by: burbed @ 5:00 am