July 23, 2013

10% Discount in Hillsborough (price subject to seller financing)

Today we turn our back on the crapboxen and Likelers. We’re off to Hillsborough, where you need not rub elbows with your neighbors at all. In fact, you won’t even see your neighbors unless you show up at one of their fundraising balls.  Thanks very much to Burbed reader Michael Boltonestater for sending this in this cozy contemporary, provided that by contemporary we mean we’re putting on our FDR campaign button.  Um, first campaign.

130722-verbalee-redfin40 VERBALEE Ln
Hillsborough, CA 94010
$26,000,000

12 Beds
13.5 Baths
35,000 Sq. Ft.
$743 / Sq. Ft.
Built: 1932
Lot Size: 5.91 Acres
On Redfin: 26 days
Status: Active
Property Type: Detached Single Family
Stories: 3
County: San Mateo
Style: Tudor
Community: Tobin Clark Estate/Polo Terrace
MLS#: 81322895

Price subject to seller financing, otherwise $29 million. Tobin Clark Estate designed by David Adler on 6 landscaped acres. Grand Music Room w/ 15ft ceilings, soaring leaded-glass windows, antique parquet-de-Versailles floors, French doors to Loggia & Grand Tr. Marble Entry w/ 17th Century paneling, Formal Dining Room. VIP + 2 Master Suites, oak-paneled Library.

130722-verbalee-tesselationThis isn’t just any house. This is the Tobin Clark Estate. It has its own video. And no, we don’t mean the one Redfin puts together automatically (there’s one of those too! Save $243,750!)  Just think, this home has been host to “numerous dignitaries including Presidents Richard Nixon, Gerald Ford, Ronald Reagan, and George H.W. Bush.”

Guess we now know the sellers’ politics.  And given that the price goes up to $29 million if you won’t let the sellers finance your purchase, guess we also know how they got enough saved up to buy a spread like this in the first place. Remember, if they won’t give you a cash discount, you can always save $243,750 with Redfin!

We hope you also caught that the link to the estate notes the house was being put up for sale… in January.  January, 2012.

On Redfin: 26 days.  Riiiiiiiiight.  At least the 35,000 square foot house isn’t a typo.

Comments (6) -- Posted by: madhaus @ 7:01 am






July 11, 2013

3000 SQ FT FALLING DOWN MANSION

130710-santacruz-thermosWe’ve been spending a bit of time in the flatlands, so time to check some elevated listings.  Our thanks to Burbed reader Swan for telling us about this find right off Highway 17. Oops, pending!  Even properties sitting around for almost a year go Pending when someone sends them in! It’s like a Real Estate Thermos. An insulated drink holder keeps hot things hot, and cold things cold. How does it know?

In this case, a correspondent sends in a tired listing… and BOOM! Again, how does it know?

130710-santacruz-redfin25000 SANTA CRUZ
Scotts Valley, CA 95033
$649,000

2 Beds
1 Baths
1,237 Sq. Ft.
$525 / Sq. Ft.
Built: 1911
Lot Size: 9 Acres
On Redfin: 320 days
Status: Pending Without Release
Property Type: Detached Single Family
Stories: 1
Community: Scotts Valley North
MLS#: 81231740
Style: Cabin
View: Mountains, Valley
County: Santa Cruz

130710-santacruz-cabinIDEAL ESTATE HOME SITE WITH DIRECT ACCESS TO HWY 17 OR OFF LAUREL ROAD. INCLUDES 1,200 SQ FT GUEST HOUSE, BARN, AND A 3,000 SQ FT FALLING DOWN MANSION. THE MANSION SITE HAS ABOUT 2 FLAT ACRES, SWEEPING MOUNTAIN AND VALLEY VIEWS, CIRCULAR DRIVEWAY, PG & E, & WATER. GUEST HOUSE HAS ABOUT 2 FLAT ACRES WITH DIRECT ACCESS TO LAUREL ROAD. SELLER WILL FINACNE W/ 25% DOWN FOR 3 YEARS.

130710-santacruz-anotherWe don’t have any architecture credentials, but still contend the top picture above is not a cabin.  Now, which of the other two is the “guest house”? Perhaps this is why Swan thought we’d be interested. We certainly seem to have our choice of which crappy building not to live in.

With nothing better to do on a 100 degree day, I am looking for properties in need of some Burbed lovin’!

This may be a Burbed first, a 3000 square foot falling down mansion!!!  Scotts Valley may not be RBA, but $699K (Pending!!!) for a guest house, barn, and falling down mansion on 9 acres – who cares where it is.  Be sure to check out the ideal commute location!

Interestingly, Movoto lists the same address for $5,000,000 in an expired listing.

Oh yes, let’s see that expired listing.

130710-santacruz-movoto25000 Hwy 17
Scotts Valley, CA 95033
$5,000,000

Off-Market
Loan Payment: $19,097/mo
Bedrooms: 2
Bathrooms: 1
Size: –
$/sqft: -/sqft
Type: Single Family House
Year Built: 1900
Lot Size: 9,958,687
Days on Movoto: 649 days
Neighborhood: Scotts Valley North
MLS#: 80914701
Status: Expired

130710-santacruz-gatesMany potential uses/Estate Location/Equestrian Center = Great Trails, Preliminary Study Shows Location may be planted with as many as 130 acres of Grapes – Site is in BEST wine growing location = the Santa Cruz Appleation. Propety suppoorts several homes currently(4); several wells; Barns. Land may be subdividable; there are 9 APN’s Stunning Los Gatos Mountains property, Oaks, Redwoods, Madrone


Unlike the active (whoops, Pending!) listing, this older one can’t be bothered showing any buildings. It’s almost ten million square feet, who needs buildings? That’s 228 acres sitting on the market for 649 days, and only nine acres are in the listing above. That’s pretty good, it took only half the time to sell 1/25th the land!  So if you subdivide this place into a Planned Unit Development with a bunch of 1,800 sf lots, you should be able to get one of them sold in only five months!

Good luck finding what happened to the rest of those properties so you can run some comps. At least the seller will FINACNE W/25% DOWN IN 3 YEARS.  If you’re not sure what to do, just put that FINACNE in your Thermos. How does it know?

Comments (2) -- Posted by: madhaus @ 7:01 am

July 10, 2013

Nothing wrong with this listing that price cannot fix

There is nothing wrong with ANY listing that price cannot fix.  Remember that next time you find a place full of Burbed win and wonder just how the seller will unload it. Let’s take a look at a property that’s been on the market for so long, when it was listed Bush was still President.

Thanks very much to Burbed reader Tom Paine for this one.

130709-redwood-redfin6500 Old Redwood Hwy
Windsor, CA 95492
$400,000

— Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: 1.88 Acres
On Redfin: 2,612 days
Status: Active
Property Type: Lots & Land, Single Family
Community: Windsor
MLS#: 20617574
View: Pasture
County: Sonoma

1.884 Acres of Development Potential. 2 LOTS Zoned Surrounding Residential. Reduced ! Owner Financing available with 25% down

Let’s check in with Major Tom:

130709-redwood-buildingsStarted at $860.5K ! And it comes with a teardown ( there’s a fee for that). Check out home prices in Windsor….

Okay, let’s check out home prices in Windsor.  There’s only two for sale, and they’re both right around this price. For the same money you can get a livable house on not that much land (5-6000 sf). Obviously nobody cares about the house and everyone cares about having lots and lots of space. You can always drag a teardown over from the neighbor’s lot.

But seriously, 2,612 days on Redfin? Which brings us to the next question, we know Redfin is seven years old, because so is Burbed.  So, do there exist listings that have been on the market longer than Redfin has been around?

Click here to post a comment -- Posted by: madhaus @ 7:04 am

June 8, 2013

Deserted… We mean Desert Home

It’s the weekend! That means Open House Time! It also means we need to come up with some filler article, because everyone’s too busy planning on visiting Open Houses to spend all day commenting on Burbed.

While you visit homes and plan by how much you’ll overbid, here’s a honey for you to handle. It’s just a short drive out of the Bay Area… and out of Northern California… and out of the LA Basin… and out of the Southland. On the other hand, you literally could pay for this house with money you find under your couch cushions with the E-Z Seller Financing!

Thanks very much to Christin whose Redfin Collection “Just Wow” featured this… um… property.

130607-lorilisa-redfin1 LORI LISA Rd
29 Palms, CA 92277
$9,000

0 Beds
— Baths
400 Sq. Ft.
$23 / Sq. Ft.
Built: 1957
Lot Size: 5 Acres
On Redfin: 141 days
Property Type: Residential, Single Family
View: Desert
County: San Bernardino
Style: One Level, Cabin
Community: Wonder Valley
MLS#: DC13006684

Want a secluded cabin on 5 acres next to open desert? This is the one! Has electric in street. The old cabin needs some work but hey it has got 4 walls up, just missing the room. Also on land is out house in pretty good condition. Old stove/bbq thing that is cool and looks like it could be used, inside cabin are old antique stove and sink. Seller will finance this jewel with 20% down @ 7 % interest all due 5 years. From Amboy Road go north on Meriwether Road all the way to the end then take a left on Lori Lisa Road and there is the cabin on the right side.

Jewel indeed, and all you need is $1,800! Look at all you get, in addition to this awesome listing copy!

130607-lorilisa-just-add-room130607-lorilisa-wood-wood-wood130607-lorilisa-cabin130607-lorilisa-cabin2130607-lorilisa-cabin3130607-lorilisa-eddie-albert

But wait! There’s more!

130607-lorilisa-what130607-lorilisa-outhouse130607-lorilisa-stove

Operators – we mean the seller – is, um, are standing by!  As is today’s Weekend Open Thread! Let us know how deserted the Open Houses were you saw today!

Comments (9) -- Posted by: madhaus @ 5:02 am

April 9, 2013

Highland Hits the Highest Hella Heights!

BlogAtoZ-HJust because we’re doing the Blogging from A to Z Challenge doesn’t mean we Have to Hold off our Hallowed Habits. One of them is that we welcome contributions from our readers. Heck, we Harangue our readers if they don’t play along. So, today we are Heaving up another letter of the alphabet, and Having a different poster Handle it.

We Hope you enjoy today’s Happening post from Burbed reader bublidoo!  Please give bublidoo a Healthy, Hot Real Bay Area Homecoming with today’s Holy $#*@! House.

130408-highland-redfin1161 Highland Ter
Fremont, CA 94539
$5,493,000

6 Beds
9.5 Baths
9,967 Sq. Ft.
$551 / Sq. Ft.
Built: 2009
Lot Size: 1.64 Acres
On Redfin: 79 days
Type: Detached
Stories 2
Community: Mission
MLS#: 40601026
Style: Custom
View: Bay, City Lights, Hills, Panoramic, Pasture, Ridge, San Francisco, Water
County: Alameda

Panoramic View, Custom Home, Like Living in Taj Mahal, Elevator, 6 Bedrooms-9.5 Bathrooms, Banquet Hall w/ Stage-Seat over 100, All Bedrooms have Full Bathrooms, $150,000 /Crystal Lights and Chandeliers, Stainless Steel Garage & Exterior Doors, Credit Available for Personalizing Your Finishing Touch.

130408-highland-powderLet’s Hear from bublidoo Her/Himself!

Figured eventually you’ll get to H. :-)

This has got to be the butt-ugliest way to spend nearly 5.5 Million bucks. HDR [check] Cawlumns [check]. Granite on the wall [check]. More bathrooms than 130408-highland-fountainbedrooms [check] "Living like in Taj Mahal" [check]. Yeah, that’s right … sooooo much bling it makes a baroque castle look sparse.

But the HDR … OMG, the HDR! The first pic … OMG, seriously, I thought it’s so synthetic looking it must be from a first person shooter or something. This has gotta be the highest DR evar.

More pictures Here, because you gotta Have some kawlums!

130408-highland-kitchen130408-highland-pink130408-highland-columns130408-highland-columns2

Comments (11) -- Posted by: madhaus @ 5:06 am

October 3, 2012

Messy hobby? Not enough parking? You’ll love this Los Gatos garage!

Our readers have mentioned what they’re looking for in an ideal home.  Some want a big, well-organized kitchen, some want spectacular views, some want the best school district possible.  And since Silicon Valley is We-Built-That Central, we’ve heard from many readers who want nothing more than a lot of garage and workshop space.  This lascivious Los Gatos listing, lobbed in by Burbed reader nomadic, may be where you’ll end up dropping your tools, banging your head, and having the time of your life.

Oh yeah, there’s supposedly a house somewhere on the property.

121002-harwood-redfin119 HARWOOD Ct
Los Gatos, CA 95032
$2,895,000

5 Beds 
5 Baths 
5,361 Sq. Ft.
$540 / Sq. Ft.
Built: 1987 
Lot Size: 1.49 Acres 
On Redfin: 20 days
Property Type: Detached Single Family
Stories: Bi/Split Level
Community: Los Gatos/Monte Sereno
MLS#: 81233794
Style: Mediterranean
View: City Lights
County: Santa Clara

Under Construction! Unique opportunity to complete construction to your own taste. Serene setting next to natural open space & trails. Mediterranean home, 4 BR & 3.5 BA (2 BRs are suits with Jacuzzi), sweeping city light views from all rooms. High ceilings & skylights bring lots of natural light. SF includes separate guest unit(960 SF) w/ 1 BR & 1.5 BA * Unit has 4 car garages. Total 7 car garages.

121002-harwood-viewHere’s why nomadic sent in the gorgeous garage (with ginormous garrison).

A trunkey Mediterranean (sic)! 7 car garages (huh?) 2 of the bedrooms are suits with Jacuzzis (how do you keep the water out of your shoes?)

Purchased at the height of the bubble for $2.3M, now in the “middle of remodeling” and the seller is trying for $2.9M.  Comparing with the 2008 listing, it looks like they added 1500sf, but I suspect that’s the size of the “guest house” because looking at the site, it doesn’t appear that they’ve expanded the house.  The bedroom/bath counts match up with the old 2008 listing too.

121002-harwood-listing-2008I go past this house regularly, and it seems like they’ve been working on the new tile roof for at least a year.  I figured the owner was doing it himself and was low on cash. 

Alas, the listing doesn’t show the garage as it goes through construction.  Instead, all we get are exterior shots such as this smoggy and obstructed view of Milpitas, except there’s a bunch of buildings blocking The Great Mall.  (The photo at right is from the aforementioned old listing.)

121002-harwood-construction-nomadicFortunately, nomadic took some actual on-site pictures!  Ready?

As promised, here are the pictures of the current state of the house on Harwood.  It’s kind of bizarre that he started putting pavers down for the driveway and quit part way through.  Usually you can put them in pretty quickly once the hard part (the base and leveling) is done.

The guest house (bottom left) looks kind of abandoned, just like the main house.  The view from the main house is pretty good; you can see Communications Hill (no big deal) and downtown San Jose.

121002-harwood-guest-nomadic121002-harwood-driveway-nomadic 

121002-harwood-view-nomadic

Still can’t see the Great Mall.  Might as well go back to the garage and enjoy that seller financing.

Comments (13) -- Posted by: madhaus @ 5:06 am

August 3, 2012

Palomar Park for a Hundred Big Ones!

Who says they aren’t making any more land?  Not true!  Here’s some sitting around doing nothing except waiting for you!  Thanks very much to Burbed reader Mole Man for this remarkable realty in Redwood City!

0 Palomar Dr
Redwood City, CA 94062
$100,000

120802-palomar-redfin

120802-palomar-treesBEDS:  -
BATHS:  -
SQ. FT.:  -
LOT SIZE:  0.37 Acres
PROPERTY TYPE: Residential Land (Single Family)
VIEW: Neighborhood
COMMUNITY:  Clifford Heights
COUNTY:  San Mateo
MLS#:  81050958
SOURCE:  MLSListings
STATUS: Active
ON REDFIN:  652 days

Also includes APN 051-031-560. Accessible yet private tree studded 1/3+acre lot in Palomar Park. Located between 410 & 422 Palomar Dr. , lot offers 100’ frontage. Rear property line borders San Carlos. Owner will consider carrying financing to qualified buyer. Easement, Topography map, sewer study available in listing office. Email listing agent for detailed information & reports.

Mole Man says, “Check it out: a 1/3 acre slice of super-exclusive Palomar Park can be yours for $100k (house extra).”  That’s a nice big chunk of land to build your dream house.  That is, it would be if it weren’t for this tiny little thing we found on the assessor maps.

120802-palomar-assessor-map

120802-palomar-driveNow we wonder what those little dashed lines marked “EASE” could refer to?  Could it be the ease with which you’ll be able to build on this double lot?  Or did the surveyor think the land was so beautiful that an artist ought to set up with paints and an easel here?

Or it’s just a big arrow pointing to lot number 9, which is EAST of 10 and 11.  You know what terrible handwriting those surveyors have.

We doubt there will be any trouble getting permits to build here at all.  How could there be, when the seller is a licensed real estate agent?  With loads of experience.  Just look at how many different listings there have been for practice?

120802-palomar-listing-history

Now is the time to buy, because this one has to be right!

Comments (9) -- Posted by: madhaus @ 5:10 am

July 6, 2012

Seller will finance w/ NO qual.

Here’s a little something to consider while another weekend is coming!  Thanks very much to Burbed reader nomadic for this luscious listing in Los Altos Hills.

11195 HOOPER Ln
Los Altos Hills, CA 94024
$4,099,000

120705-hooper-redfin

120705-hooper-frontBEDS:  4
BATHS:  4
SQ. FT.:  4,700
$/SQ. FT.:  $872
LOT SIZE:  1.86 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 2
YEAR BUILT:  1957
COMMUNITY:  Los Altos Hills
COUNTY:  Santa Clara
MLS#:  81217362
SOURCE:  MLSListings
STATUS: Active
ON REDFIN:  57 days

Seller will finance w/ NO qual. LOCATION, LOCATION, LOCATION: Private, Secure, Quiet, Serene, with City and Bay Views, and proximity to town are UNIQUE and RARE in this wooded ~2 Acres property. Update or rebuild the existing Comtemp. Style home in this Executive Estate. Detached cottage w/ Full Kitchen is ideal for backyard living/entertain w/ no direct visuals to any neighbors.

120705-hooper-kitchenAnd you thought the market was hot, hot, HOT?  Then what’s with this seller financing deal, w/ NO qual.  That’s probably short for “quality.”  Plus you can “update or rebuild” which means the “existing Contemp. Style home” isn’t exactly turnkey.  More like turkey.

There’s a virtual tour, if you really want to see how a 1957 house can be Contemp. Style.  Maybe that stands for the “contempt” the sellers must have, as they’ve been trying to get out from under this place since 2007.  Here’s the listing history, courtesy of Zillow.

Price History

Date Description Price Change $/sqft Source  
05/11/2012 Listed for sale $4,099,000 -14.6% $872 Coldwell Banker Residential Brokerage – Los Altos
08/07/2011 Listing removed $4,798,000 $1,020 Keller Williams Realty
05/06/2011 Listed for sale $4,798,000 -8.6% $1,020 Keller Williams Realty
08/14/2009 Listing removed $5,250,000 $1,117 NRT California
02/25/2009 Listed for sale $5,250,000 $1,117 NRT California
11/15/2008 Listing removed $5,250,000 $1,117 TourFactory
09/20/2008 Listed for sale $5,250,000 $1,117 TourFactory
06/13/2008 Listing removed $5,250,000 $1,117 TourFactory
06/01/2008 Listed for sale $5,250,000 -0.8% $1,117 TourFactory
01/04/2008 Listing removed $5,294,000 $1,126
08/26/2007 Listed for sale $5,294,000 521% $1,126 Agent
10/08/1996 Sold $852,000 1.4% $181 Public Record   
08/19/1994 Sold $840,000 $178 Public Record

Wrap that up with a ZEstimate range of $2.68 to $4.09 M and maybe some Facebook millionaire will take it off their hands by 2015.

 

Comments (12) -- Posted by: madhaus @ 5:03 am

May 4, 2012

Flippin’ in Los Altos

Yesterday we suggested you could spend more than two million dollars on an empty spot of land in the middle of flipping nowhere.  Today we’re also flipping, with a quick-turnaround sale found by Burbed reader Mr. Kiasu.  Oh, and did we mention that the market is hot, hot hot?  Except for here.

1448 FOWLER Ln
Los Altos, CA 94024
$2,665,000, reduced from $2,995,000, reduced from $3,295,000

120503-fowler-redfin

BEDS: 6
BATHS: 3.5
SQ. FT.: 4,876
$/SQ. FT.: $547
LOT SIZE: 0.35 Acres
PROPERTY TYPE: Detached Single Family
STORIES: 2
VIEW: Neighborhood
YEAR BUILT: 1900
COMMUNITY: South of El Monte
COUNTY: Santa Clara
MLS#: 81211504
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 36 days

Turnkey 1900 Craftsman style Plantation home. .. own a piece of LA History. Poss Mills Act Tax Savings. 4800sf + 1800sf basement. Updated w/ new kitchen w/ marble countertops, remodeled baths and wood floors throughout. Newer fndtn, new copper plumbing, upgraded elect. panels, new zoned heating. Expansive back yard w/ pool & large lawn. Great cul-de-sac w/ LA Schools. Poss Seller financing options.

120503-fowler-kawlums[4]Here’s why Mr. Kiasu thought you’d like to see this home on the front page.

Spring bounce in Los Altos!

Bought in oct 2011 for 1.5, now on sale for 3.29.

Probably a flip but we’d need to see the pictures for last October I guess. Neighbors are all in the 1.5 range.

120503-fowler-gateNo history before the October sale, so maybe it’s been in the same family since 1900.

Wait, $3.29?  Not anymore.  Now it’s $2.65.  And still very much for sale.  Even with all those mawbul kawlums.  How could that be?  It’s on a cul-de-sac and there’s a gate to keep out the riffraff and everything.

Fortunately, the old pictures are still available for our perusal, so thank you Redfin!  Here’s a lovely pair from the old and the new of the same room.  Do you think they replaced the pool table?  Which one is the new sale?

120503-fowler-poolroom-old120503-fowler-poolroom-new

120503-fowler-kawlums-old-listingYes, comparing the old and the new listing photos really is something.  For example, just a quick glance led to this find of bunus kawlums not available in the current listing!  So it definitely pays to check selling history when looking at a property listing.  That’s when you notice how many things in this house haven’t been updated and then wonder how the seller can justify more than doubling the price on this flip.  We can see just how successful that gambit was.

Now sit back and listen to some really annoying light jazz while you enjoy the virtual tour.

Comments (2) -- Posted by: madhaus @ 5:02 am

December 27, 2011

A little larger than county records

16240 WOOD ACRES Rd
Saratoga, CA 95030

$698,000

image

Yes. I would also guess that this home may be larger than county records. By just a little though.

Any thoughts on how one would go about measuring this?

Comments (11) -- Posted by: burbed @ 5:59 am