January 31, 2011

Great starter home–ready for move in or remodel in Palo Alto

Beds: 3
Baths: 1
Sq. Ft.: 905
$/Sq. Ft.: $1,133
Lot Size: 6,875 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Stories: 1
Year Built: 1950
Community: Barron Park
County: Santa Clara
MLS#: 81049730
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 89 days
 
Looking for a great starter home, move in ready, remodel or maybe build your dream home in the Barron Park neighborhood, this is the property for you. Quiet area close to schools, Parks and shopping. Perfect investment opportunity for the savvy investor/builder.

Every everyone! Check out this fantastic deal! Just $1,133 per square for for you to tear down, or move into. It’s amazing how things can be both perfect opportunities for investors/builders and be move in ready. But this is the kind of innovative and agile spirit that we have in the Real Bay Area.

So let’s see… buy it… tear it down… build a 2000 sqft home on it… hey, that’s not too bad at all! Just $1.625M all in! Sweet what a deal!

Better buy soon. This is the year Real Bay Area prices roar back. I’m calling it now – $2000 per square foot in Palo Alto by this time next year!

Comments (35) -- Posted by: burbed @ 5:42 am






January 28, 2011

Amazing income opportunity in East Palo Alto

Beds: 3
Baths: 1
Sq. Ft.: 940
$/Sq. Ft.: $266
Lot Size: 5,000 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1927
Community: East of U.S. 101
County: San Mateo
MLS#: 81057944
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 23 days
PRICE TO SELL FAST!!!  Start building equity right now with this great home in up and coming area of East Palo Alto. This home is well maintained and would be a wonderful starter home or a fantastic income property. New roof!! This property was rented out for $2,000/month. Recently got new carpet, paint and appliances. Priced to sell!!!

Thanks to Burbed reader A.L. for this find!

First, let’s look a the history of this fine, affordable, property.

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Wow, just look at the equity possibilities here. Here is $315k of instant equity just sitting around waiting for you to tap.

But what A.L. really wanted to point out was the fact that this place currently rents out for $2000 a month! Can you believe that? $2000 a month in East Palo Alto. Talk about an amazing revenue stream. I wonder who is paying that rate – what are your thoughts?

Comments (24) -- Posted by: burbed @ 5:36 am

December 7, 2010

Black Friday Sale: Cheapest House in 94301

There are several properties in Palo Alto’s most self-satisfied zip code going for ROCK-BOTTOM price, so we’ll just focus on the Special One.  In this case Special means without a view of the railroad tracks.

1185 Lincoln Ave, Palo Alto, CA 94301
$849,000

image

Beds: 2
Baths: 2
Sq. Ft.: 770
$/Sq. Ft.: $1,103
Lot Size: 2,450 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
View: Neighborhood
Year Built: 1926
Community: Crescent Park
County: Santa Clara
MLS#: 81050167
Source: MLSListings
Status: Active
On Redfin: 51 days

One of the most sought after courts in Palo Alto. Family oriented, social and friendly neighbors. Quiet, private and safe environment. Newly painted and refreshed home inside and out. Wonderful curb appeal, plenty of natural light, hard wood floors, flagstone front and back yard. Great expansion potential. Walking distance to down town and parks; easy access to 101 and Stanford. Got to see it!

Family-oriented, social and friendly neighbors?  Sure they’re social, if they all live in 770 sf homes; they don’t want to be cooped up indoors with the walls closing in.  But family-oriented?  If you’re living in a house that has less room than some Winnebagos, it’s not like any of your neighbors are offering to invite all the kids over for an indoor game of tag.

image

Face it, you want a DEAL, so here is the DEAL.  A tiny house on a tiny lot, or you can live on a busy street and next to the high speed rail.  If you expected an RBA bargain, you came to the wrong zip code.

Comments (27) -- Posted by: madhaus @ 5:06 am

March 5, 2008

A starter home in Belmont

Reports
MLS: 769042

2028l.jpg

Property Overview
2028 LYON AV
Belmont (Belmont) 94002
Detached Single Family (Class 1)
Bed/Bath: 2 / 1
SqFt: 904
Lot: 4,000 sq ft
Age: 57 years
List Price: $799,000
Assoc Fee:
Great Starter Home in Belmont Hills!!
Adorable starter home in Belmont hills featuring hardwood floors, an updated kitchen featuring granite counter tops and stainless steel appliances, adorable living room with fireplace, and one bath. Home also features a large deck in front, and a large yard. This home is ideal for a first time home owner or someone looking to downsize. Don’t let this home pass you up, move right in!

Now frankly, this is actually a pretty nice house. But what caught my attention is that this is a great starter home.

Ah, classic Silicon Valley – where an $800k house is considered a starter home. But why shouldn’t it be? The minimum wage these days is nearly $200k! This is just 4x the salary!

With any luck, a starter home will be $1 million by EOY. Oh goodness I can’t wait!

Comments (20) -- Posted by: burbed @ 5:14 am