January 14, 2014

Rare Find in Palo Alto!

Every area in life has The Three Words.  In relationships, it’s “I love you,” in business, “It’s a deal,” in math, “Quod erat demonstratum,” and in Latin, “Igpay Atlinlay Erehay.”  We’re sure you can also name The Three Words of Real Estate.

202 EMERSON St140113-pa-location-redfin.jpg
Palo Alto, CA 94301
$1,000,000

2 Beds
2 Baths
1,154 Sq. Ft.
$867 / Sq. Ft.
Built: 1910
Lot Size: 2,775 Sq. Ft.
On Redfin: 36 days
Status: Active
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cabin
Community: Downtown
MLS#: 81342791

Location, Location, Location! Charming home downtown Palo Alto near Stanford University. This is a rare find in this area. Home is in need of some repairs and it is being sold "AS-IS" Perfect for an Investor looking to remodel or a builder . Seller has also listed adjacent home at 170 Hawthorne.

Yes, The Three Words of Real Estate are “Sold AS-IS.”  Unless it’s “Palo Alto million.”  Perfect for investor.

Comments (22) -- Posted by: madhaus @ 7:08 am






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

December 16, 2013

This home is in need of extensive repairs… Ideally located

Thanks very much to all our readers, all five of them, who keep checking in, hoping we have some new content. Today’s what-the-fuck-is-THAT property has been brought to you by Burbed reader Swan!  Thanks very much!

Want to keep reading fresh new finds at Burbed?  Send us stuff!

131210-myrtle-redfin1072 MYRTLE St
San Jose, CA 95126
$369,000

2 Beds
1 Baths
600 Sq. Ft.
$615 / Sq. Ft.
Built: 1920
Lot Size: 6,250 Sq. Ft.
On Redfin: 54 days
Status: Active
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cottage/Bungalow
Community: Santa Clara
MLS#: 81338204

Rare Investors/Contractor’s Fixer Upper Special! This home is in need of extensive repairs, or it can be demolished and rebuilt. Zone M1 (Light Industrial) with many possibilities! Ideally located 5 minutes from Santa Clara University next to the beautiful Rose Garden Area. Walk across the street to the newly built Newhall Park with lawns, picnic areas and playground.

131210-myrtle-stuff131210-myrtle-saluteHere’s what Swan had to say about today’s house.

Just trying to help Burbed keep the masses happy!

I am pretty sure this house can’t say, "Done with permits."  I am not even sure it’s legal to live in this place, but the toilet seat is up welcoming the next owner!

We guess that says it all – except there’s way more pictures than this, so you can get an idea of just what they mean by “extensive repairs.”

131210-myrtle-walls1131210-myrtle-walls2

You know what else they forgot to mention? Close to transportation! This is the Nelson Mandela of Close to Transportation because it has accomplished everything.

131210-myrtle-aerial

Comments (1) -- Posted by: madhaus @ 7:08 am

March 4, 2013

Bay Area Bubble 4.0 is now officially entering insanity stage: $2.8M Teardown in (of course) Palo Alto

It may be just the tip of the Krazy Kool-Aid effect, but this is not how a reasonable housing market should work.  Thanks very much to Burbed reader Wendie (as well as additional fans) for bringing this textbook definition of Irrational Exuberance to our attention.

130302-tennyson-redfin559 TENNYSON Ave
Palo Alto, CA 94301

Listed for $2,088,000 on 1/25/2013
Price changed to $2,088,888 on 1/27/2013
Sold for $2,820,000 on 2/25/2013

2 Beds
1 Baths
1,353 Sq. Ft.
$2,084 / Sq. Ft.
Built: 1921
Lot Size: 7,500 Sq. Ft.
Sold On: Feb 25, 2013
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cottage/Bungalow
Community: Old Palo Alto
MLS#: 81302338

Located in the heart of wonderful old Palo Alto with top rated schools on a large 7500/SF lot. Charming 2 bedroom 1 bath plus den. One oversized bedroom. Hardwood floors , utility basement, and detached Garage. Sold as is in its present condition. Offers to be reviewed after 2/8/2013.

130302-tennyson-bathWe’ll have plenty more evidence as we move into Spring Selling Season that the Real Bay Area is in a Real Bubbly Attitude.  Maybe this can be the First 35% Overbid of Spring.  Now let’s hear from Wendie.

This realtor did an amazing job with the photos of this house! How else could this 3/1 1300 square foot house have sold for 2.8 million dollars?? 800K over asking prices. 

I mean, did you ever think that taking photos of a 1920′s bathroom and a CORNER of a room could do such magic?

130302-tennyson-corner130302-tennyson-corner2x

You’re simply not giving the agent enough credit, Wendie.  I see at least TWO corners.  What, do you think these houses just sell themselves?

Comments (31) -- Posted by: madhaus @ 5:09 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

January 31, 2013

Mountain View is hot, hot, hot! AMAZING Proof!

SirenBlinkWe’ve been telling you for many months that real estate was taking off in the Greater Googleplex.  Thanks to Burbed reader bublidoo, we have something better than another data point.  We have red-hot proof. Let’s roll through the red light on the way to this piping hot property!

130130-sonia-redfin722 SONIA Way
Mountain View, CA 94040
$1,099,000

0 Beds
— Baths
1,221 Sq. Ft.
$900 / Sq. Ft.
Built: 1947
Lot Size: 7,750 Sq. Ft.
On Redfin: 1 day
Status: Active
Property Type: Detached Single Family
Community: Miramonte
MLS#: 81302687
Stories: 1
County: Santa Clara

AMAZING Location. Steps away from Downtown Mtn View. Large Lot – Build your Dream Home

130130-sonia-streetviewOkay, bublidoo, tell us more.

Houses needing a little TLC selling over 1M have been seen before, a burnt house for 1.1? Figured it could be an interesting data point for you. A realtor would diagnose "hot hot burning hot", probably. Address seems to match. None of this is verified in any way, so please consume at your own risk.

We’re rather impressed with all the news stories provided on the fire, but one of them doesn’t just “seem” to match. It flat out has the exact address.  So what are you all waiting for? Get over there to overbid so you can Build your Dream Home.

Comments (9) -- Posted by: madhaus @ 5:06 am

December 8, 2012

No entry allowed under any circumstances

121122-blackfridayThis is our last CHEAPEST HOUSE IN THE WHOLE COUNTY OMFG entry.  With Solano County’s turn, we’ve run out of Bay Area counties to feature in our Black Friday Deals Deals DEALS, which of course will run right up until Christmas Day.  Future deals will find you the best value in select Bay Area cities (and by “select” we actually mean whatever we want that to mean, optimizing for maximum pointing and laughing).

121207-adams-redfin1328 Adams St
Fairfield, CA 94533
$30,000

3 Beds 
1 Baths 
1,277 Sq. Ft.
$23 / Sq. Ft.
Built: 1954 
Lot Size: 5,227 Sq. Ft. 
On Redfin: 17 days
Status: Active
Property Type: Residential, Detached, Single Family
Stories: 1
County: Solano
Style: Ranch
Community: Fairfield
MLS#: 21226257

Home sold for land value only. Home has suffered extreme fire damage and is unsafe in current condition. No entry is allowed under any circumstances.

Maybe you could pick this one up for Chanukah tonight? It will cost less than many new cars, and remember, they’re not making any more land! With prices like these, even the furthest reaches of the Bay Area are hot, hot, HOT! (Disclaimer: Property currently at ambient temperature.)

There’s instant equity galore, as this house sold for $112,000 in (hold on to your jellybean bag) 1990.  This is not only a fire sale, but a foreclosure too.  Here’s what it looked like back in 2009.

121207-adams-streetview

There’s something about the feng shui of this house that led to fire prevailing against the overdone water element.

And a quick glance around the neighborhood in 2009 shows it was reasonably well-kept, but there’s an unusually high pickup truck to automobile ratio.  But on the bright side, it has a Walk Score of 72.

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

November 20, 2012

Bring your contractors and do-it-yourselfers

Some of you seemed a little miffed that there was no featured house yesterday.  Worry not!  We have a complete piece of crap an exciting opportunity for you today!  Thanks very much to Burbed reader peninsula.man for keeping an eye on this Willow Glen wonder.

121119-westgate-mlslistings2417 WESTGATE AVE
San Jose, CA 95125
Offered at $749,000

Active Contingent
Type  Single Family Home
MLS #  ML81234991 
SqFt  1,897
121119-westgate-kitchenBeds  2 
Baths  1 Full 
Lot Size 8,400 SqFt
Year / Age  1949 / 63

Bring your contractors and do-it-yourselfers. This needs a total remodel or tear down and a new home. Many newer homes around it. Large lot near the gates at Willow Ranch. Take a look and make us an offer. This is a probate sale. Please use CAR form PPA and PAK. A real estate commission will be paid to the successful bidder only. SUBJECT TO OVERBIDS IN COURT

121119-westgate-familyHere’s what peninsula.man had to say while hoisting this listing over the transom:

Honestly this house made me speechless. The idea that someone would buy a 750k tear town in the south bay…is just absurd.

Oh come on, this is the kind of house upon which Burbed was founded, all the way back in 2006.  Three quarters of a million dollars for a house that’s, if not uninhabitable, at least suffering from some poor design choices? 

All we can say to that is… SUBJECT TO OVERBIDS IN COURT.  And… bring it!

Comments (13) -- Posted by: madhaus @ 5:01 am

October 8, 2012

Do not miss this

And if we’re showing such waaaaaay out of the RBAaaaaaa listings again, that must mean we’ve heard from Burbed reader Tom Paine!  Thanks very much for sending in these properties that are of zero interest to anyone working at Google.

121007-mcfarlane-redfin5636 Mcfarlane Rd
Sebastopol, CA 95472
$395,000

2 Beds
2 Baths
1,232 Sq. Ft.
$321 / Sq. Ft.
Built: 1947
Lot Size: 2.72 Acres
On Redfin: 9 days
Property Type: Residential, Detached, Single Family
Stories: 1
County: Sonoma
Style: Ranch
Community: Sebastopol
MLS#: 21222490

Contractor Fixer on close to 3 acres at the end of a private lane. 2 bedroom , 2 Bath, 1300 sq ft home on Sunny, level, gorgeous park like setting that includes fruit trees, mature oaks and a lovely pond. Nice Large clean 2 car Garage that can also be used as a workshop, additional outbuildings and plenty of room for gardening complete this private serene location. Septic and well reports on file. New 1/2 HP submersible pump. Do not miss this.

121007-mcfarlane-pondHere’s what Tom had to say about this yallar thang.

The Lovely Pond…

Is on the neighbors property.There’s a mudhole on this one. Carpets smell like something wild peed on them, the ceilings are 6’6″ and if there is any part of this house that was ever up to code it’s the rain gutters. It’s actually a nice 2 acres and change, but the house is a teardown.

Plenty more to check out in the pictures.  Lots and lots of pictures.  And not a single one of them inside.

121007-mcfarlane-coop121007-mcfarlane-house

 

Comments (11) -- Posted by: madhaus @ 5:10 am

July 11, 2012

COMPLETELY UPDATED: $4.2 million teardown in Belvedere

Burbed has visited this high-priced peninsula before, but we’ve never reported on a teardown at Hillsborough-with-Baywater.  Thanks very much to Burbed reader Pkamp3 for the find.

A $4.2 Million Tear-Down House in Belvedere, California

By ALAN FARNHAM | ABC News – Fri, Jun 29, 2012

120710-belvedere-abcIn Marin County, California, where people tend to have money, people in Belvedere tend to have more. Even so, a recent decision by Clark and Sharon Winslow of 337 Belvedere Avenue to buy the home next to theirs for $4.2 million — and then tear it down — might seem extraordinary.

It’s not, say locals and real estate professionals.

“There are houses being torn down all the time,” says Bill Smith, realtor and ex-mayor of Belvedere. In neighboring Tiburon, he says, a buyer not long ago paid $20 million for the home of tennis star Andre Agassi and wife Steffi Graf, then announced his plan to raze it.

While the article specifically mentions the house that isn’t being torn down, we’re left to guess which property is getting the extreme makeover.  And we think it’s this one.

Update 9:30 AM: And we are completely wrong.  Burbed reader gallileo provided the evidence that it’s the house on the OTHER side.  Correct info added to end of article, because we hate to waste a good housing rant.

341 Belvedere Ave
Belvedere Tiburon, CA 94920
Sold on 01/14/2000 for $2,100,000

120710-belvedere-redfin

120710-belvedere-satelliteSource: Public Records
BEDS: 3
BATHS: 2.5
FINISHED SQFT: 2,831
UNFINISHED SQFT: -
TOTAL SQFT: 2,831
FLOORS: -
LOT SIZE: 8,400
STYLE: Single Family Residential
YEAR BUILT: 1964
YEAR RENOVATED: 1975
COUNTY: Marin County
APN: 06022128
LAST UPDATED: August 24, 2011

The interesting thing about buying and tearing down a perfectly good house isn’t that someone with way too much cash went ahead and did it.  It’s how much the house was worth in the first place.  Zillow says… ZEstimate of $1,876,100.  Which means the new “owners” spent more than twice what this house may be worth just to make more land.

Yes, the purchasers live in that 9524 square foot housing tumor on the left.  Let’s see what they got for $4.2 million!

120710-belvedere-streetview

Oh yeah.  Perhaps they’ll be tearing down this place next, since it’s blocking their Bay access.  (See #42.  Only 1017 days on Redfin!)

Update: Here is the correct house.  gallileo provides a link to SocketSite with the story, and there’s a further link to a piece in the Marin Independent Journal.  So, without further adieu, the actual house that was purchased for $4.2 million only to be torn down.  That and more, after the break.

(more…)

Comments (10) -- Posted by: madhaus @ 5:15 am