August 7, 2013

Palo Alto: The original home of Bay Area Bubble 4.0

We’ve been neglecting The Best City in The Most Special Place On The Planet! That’s right, we haven’t mentioned Mountain View in days! So while you’re waiting for more marvelous Mountain View, here’s a Palo Alto Property with Pride of Ownership instead. Thanks very much to Burbed reader Wendie for sending in this palace!

130806-homer-mlslistings424 HOMER AV
Palo Alto, CA 94301
$2,875,000 – Active

Type: Single Family Home
MLS #: ML81327461
SqFt: 2,200
130806-homer-frontBeds: 5
Lot Size: 3,920 SqFt
Baths: 3 Full
Year / Age: 1937 / 76

beautiful home near downtown. Current use is duplex a) 3 bed/ 2 bath & b) 2 bed/ 1 bath. Possibly convert to 5 bed/ 3 bath single family home. Approx 2200 sq ft total. Plus bonus basement area includes laundry room/ bonus rooms / extra storage. Hardwood floors. skylight. Family kitchen opens to private back yard with deck. Near downtown. Great location. Great home. Wonderful opportunities.

130806-homer-livingSorry for putting in the same picture twice, but that MLSListings layout doesn’t lend itself well to showcasing the first picture. And for $2.9 million, you need a good look at this estate. But let’s check in with Wendie, who has a few things to share.

Crazy pricing in Palo Alto.

2.8 million!

For 2.8 million, is the house:

130806-homer-kitchen1) Big?…no
2) On a big piece of land?….not even. One of the smallest plots of land you can find!
3) On a quiet street? Nope
4) Turn-key for a single family?  You wish! Expect construction costs in your future!
5) Situated on a lot with a private backyard?  
Aw shucks, no, you have  an apartment building overlooking your teeny tiny yard!
6) New, stainless steel appliances? Not really.
7) Updated bathrooms? No way, Jose!
8) Great curb appeal?  Negativo!

130806-homer-bedroomBut, this could all be yours for a crazy $2.8 million smackaroos! $1,272 per square feet! 

Wendie, great rant, but you seem to have missed the point. This house is in Palo Alto! All those things you’re complaining about simply don’t matter, because… this house is in Palo Alto!  These are not problems, these are opportunities! F’rinstance, the seller is realizing an opportunity in putting the house up for sale for the batshit insane asking price of $2.875 million.

Here’s the link to Redfin, should you prefer their take on the house. Love the natural corrugated décor above.

Comments (20) -- Posted by: madhaus @ 5:07 am






July 29, 2013

A house near intrigue, excitement, sex & piles of cash

Tired of your boring life working in a cube farm and returning to your apartment farm? This listing is for you! Best of all, it’s in the center of happening stuff. That’s right! Mountain View!

Thanks very much to Burbed reader dollarbin for not only sending us the listing, but the amazing story that goes with it. Or next to it. Or, if you don’t read this article, may involve the next owner.

130728-tyrella-redfin620 TYRELLA Ave
Mountain View, CA 94043
$899,000

4 Beds
2.5 Baths
1,833 Sq. Ft.
$490 / Sq. Ft.
Built: 2002
Lot Size: 4,978 Sq. Ft.
On Redfin: 59 days
Property Type: Detached Single Family
Stories: 2
Community: Whisman
MLS#: 81318701
Style: Traditional
View: Neighborhood
County: Santa Clara

Gorgeous light & bright 2-story home! Almost new-11 years old! Gourmet kitchen has granite counter tops. Sep Family Room has gas fireplace. Living Room is perfect for Downstairs 4th BR! Formal dining room. Gleaming hardwood floors & new carpeting. Master suite features spa-tub & walk in closet. Redwood deck is perfect for outdoor entertaining. Large 2-car garage. Lush Landscaping. Mt View High!

130728-tyrella-gleamingWell that’s pretty exciting, an eleven year old house calling itself almost new. We guess if you compare it to the typical Mountain View Eichloid put up in 1956 this place was practically finaled yesterday. If only they’d put in confetti tile to get with the 2010s.

And if the gleaming hardwood floors aren’t enough high drama, then the following story directly from the same block as this house certainly will be.

 

Blind date robbers strike a third time

by Nick Veronin, Mountain View Voice Staff
Uploaded: Friday, June 7, 2013, 4:33 PM, Updated: Monday, June 10, 2013, 10:46 AM

They did it again.

For the third time in just over a week, a man was lured to the 600 block of Tyrella Avenue believing he would have sex with a woman he met online on top of a bed covered in money. Unfortunately for this man — and the two others who were duped before him — instead of taking a roll through cold hard cash, he was rolled for his cash.

130728-tyrella-rolling

You can read the entire story at the link above, and yes, all three of these dudes actually believed they were going to meet a woman whose fantasy was to “make the beast with two backs on a bed full of Benjamins.”

We absolutely swear that is a direct quote from the Voice.

If only one of these men had bought this house instead of showing up at a rental apartment building, they wouldn’t have had any spare cash to get rolled for. Instead, they could have met a woman online who would join them on top of a bed which is in turn on top of a house covered by an even huger pile of money (never mind that most of it belongs to the bank).

Plus, it would be much harder for her to steal the money that way. Unless she’s with the bank.

Comments (4) -- Posted by: madhaus @ 7:07 am

July 17, 2013

Hate wide open spaces and the such?

Today’s featured freehold is brought to you by Burbed reader Bluto. It may not be in the Real Bay Area but it’s Real Affordable! Let’s find out why.

130716-temple-redfin1115 Temple Ave
Santa Rosa, CA 95404
$165,000

1 Beds
1 Baths
288 Sq. Ft.
$573 / Sq. Ft.
Built: 1925
Lot Size: 1,799 Sq. Ft.
On Redfin: 3 days
Status: Active
Property Type: Residential, Detached, Single Family
Stories: 1
County: Sonoma
Style: Cottage
Community: Southeast Santa Rosa
MLS#: 21315963

As the saying goes Don’t judge a book by the cover. This is a very cute cottage that appears to be in good condition. Perfect for the person who is on the go and doesn’t have a lot of time for yard work and the such. Feels like there is more room in the house than what the square footage reflects!

130716-temple-streetviewOther than knowing Santa Rosa is not, was not, and never will be part of the RBA, let’s turn to Bluto for a little more insight on this listing. And enjoy the Streetview on the left, because the agent thinks one picture is sufficient for a house that fells like there is more room than it has room.

way up in Santa Rosa…the "home" is 288 sq. ft, the "lot" is 1800 sq. ft., the price $165K…and this neighborhood is NOT good

But this house is ALL good, if by good we actually mean NOT good.  Then again, don’t judge a book by the cover. Although in the case of this house, cover is all you’re going to get.

Comments (9) -- Posted by: madhaus @ 7:06 am

July 3, 2013

Peak Pricing: Not Just for RBA Homes

We’ve been talking about the Bay Area Real Estate Bubble 4,0 for half a year now. One way to tell things are getting bubblicious and frothy is when areas we don’t think of as expensive start acting like Real Bay Area markets.  Today’s featured home is from the East Bay, and it joins the peak parade,  Thanks much to Burbed reader Brittney for alerting us to this disturbance in the Force.

130702-westbury-redfin5670 OLD WESTBURY Way
Dublin, CA 94568
Sold for $825,000

4 Beds
2.5 Baths
1,972 Sq. Ft.
$418 / Sq. Ft.
Built: 2003
Lot Size: 3,117 Sq. Ft.
Sold On: May 31, 2013

HOA Dues: $126/month
Style: Mediterranean
Community: Tassajara Creek
MLS#: 40615019
Type: Detached
Stories: 2
County: Alameda

Corner location! Features include two tone paint, plantation shutters and crown molding throughout. Kitchen with stainless appliances, honey maple cabinets and granite counters with backsplash. Upgraded fireplace in family room with custom tile work. Backyard w/ grassy area and custom patio!

130702-westbury-livingYes! Corner location! Twice as much traffic who can all appreciate your two-tone paint job! Now let’s hear from Brittney.

Just saw this listing go sold recently. It was listed at $724,900 and sold for $825,000 which is incidentally the exact amount paid for it by the owners back in Oct 2005 – peak of the peak during that bubble. Nothing new was done to the house and it’s not anything special in that area….

130702-westbury-patioThat’s one diference between the RBA and the East No Way, namely when the market peaked. RBA homes peaked in 2008, except You Are Priced Out Forever AGAIN this year. What’s great is you can choose whether you can’t afford Palo Alto or whether you can’t afford Dublin.

Just remember what you can’t afford for $825K in Palo Alto.

Bunus: Holy Planned Unit Development, Batman, this place has a FAR of 0.63.  That’s what your HOA fees bring: the bribes development fees to make that even legal.

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

June 24, 2013

Rhinestone in the Rough of Redwood City

Feeling a little stomped by the THERE IS NO HOUSING BUBBLE IN THE BAY AREA? Here’s a property for under $750K! There was a time when you could have bought this house with a $729K conforming loan, but then the government had to change the rules on us. Thanks very much to Burbed reader hOtSauCe from San Carlos for the find!

130623-alexander-redfin186 ALEXANDER Ave
Redwood City, CA 94061
$699,900

2 Beds
1 Baths
770 Sq. Ft.
$909 / Sq. Ft.
Built: 1952
Lot Size: 2,550 Sq. Ft.
On Redfin: 48 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Horgan Ranch
MLS#: 81314440
Style: Contemporary
View: Neighborhood
County: San Mateo

A 2BR 1BA single family residential located in a very desirable area west of Redwood City, near the border of Atherton. A diamond in the rough, this starter home has great potential and with some TLC and creativity, can transform into a charming house with picket fences and great curb appeal. Near Woodside Shopping Complex, transportation, school and other commercial establishments.

130621-alexander-kitchen130621-alexander-carpet130621-alexander-trashbins

The house may need some TLC and creativity, but the picket fences are already there and are painted white for your convenience. Now just work on the curb appeal: check out that Streetview below, and did they have to feature the trash bins in two different listing photos? 

Also practice saying “West Atherton” a bunch.

130621-alexander-streetview

Comments (6) -- Posted by: madhaus @ 5:04 am

June 20, 2013

Hello again 2164 POPLAR Ave!

2164 POPLAR Ave, East Palo Alto, CA 94303

20130618poplar

Hm… something about this listing seems familiar. Where have I seen this before?

Oh wait! I know!

http://www.burbed.com/2008/02/25/rent-or-buy-the-saga-of-2164-poplar-ave-continues/

Very Clean – Beautifluly Remodled Home ++Pics++
1200 / 2br – Very Clean – Beautifluly Remodled Home Pics (east palo alto)

poplarrent.jpg

2164 Poplar Ave, East Palo Alto

This Bungalow style home is located in East Palo Alto. This cozy home is conveniently located near shopping and transportation and the trendy University Avenue area.

The home has 2 bedroom and 1 Bathroom. The House also has been fully remodeled with new paint, granite counter tops, and a large front yard patio.
• Pets are negotiable. • Lease negotiable • AVAILABLE NOW • Security Deposit $1200.00 Please Drive by unit and take a look. If you have any questions please feel free to call 650 270 6869 or 650 344 4066 or just reply to this add.

But didn’t we see this house before? Oh wait that’s right!

http://www.burbed.com/2006/02/09/400k-for-a-1br-1ba-480-sqft/

$400k for a 1br, 1ba 480 sqft house in east palo alto

Cashin Company Realtors
2164 POPLAR AV
EAST PALO ALTO, CA 94303

$399,000

1 Bedrooms, 1 Bath(s)
480 Estimated Sq. Ft.

Listing #: 602056

2164poplar.jpg

Back to 2006 pricing baby! As we all know, Real Estate operates in cycles. We are now back to the “awesome” “sane” “reality” “best time to buy” part of the cycle. And this house has only gotten better with age. Check it out – look how new everything is!

So, what’s stopping you from buying this amazing, famous, legacy house?

Comments (4) -- Posted by: burbed @ 5:27 am

June 14, 2013

Game of Thrones in Daly City

130613-parkview-throneWe love featuring all kinds of Bay Area Real Estate win: the bad listing photos, the atrocious listing copy, the ridiculous pricing, the uncorrectable defects better known as location fail, the horrendous décor choices, or any other example of Realty WTF that our readers send us.

Today’s entry will start your weekend off well.  While Game of Thrones just finished its third season on HBO, you can play the game on the Peninsula! Thanks very much to Burbed reader waiting_for_the_fall for this fantastic installment!

130613-parkview-redfin96 PARKVIEW Ave
Daly City, CA 94014
$489,000

3 Beds
2 Baths
1,150 Sq. Ft.
$425 / Sq. Ft.
Built: 1922
Lot Size: 3,300 Sq. Ft.
On Redfin: 40 days
Property Type: Detached Single Family
Community: ‘Original’ Daly City
MLS#: 81315124
Stories: 1
County: San Mateo

Complete fixer in great Daly City neighborhood. City approved remodel plans in place to create legal 3 bedroom 2 bath. Large corner lot close to transportation and shopping. Detached garage and private, low maintenance yard. Lots of sweat equity in this home ready for the handy buyer!

First let’s have a good look around, especially that low maintenance yard.

130613-parkview-gated130613-parkview-paint130613-parkview-window

What does waiting_for_the_fall have to say about this charming cottage?

I got another one for you.  This one is a real stinker.

Check out the steps up to both toilets.  I’ve heard of toilets called thrones before, but this is taking it a bit too far.  The listing history is like a roller coster.  How can anyone think this crapshack (with toilet thrones!) is worth 489k?!?

130613-parkview-bath130613-parkview-bath2

If anyone buys this house at the listed price, they are mentally insane.

If everyone is high on bubbly, that’s not mental insanity. That’s a day in the Bay Area that ends with “-y”!  Y for Yes We Are!

Comments (2) -- Posted by: madhaus @ 5:04 am

May 27, 2013

Overbids, in Berkeley? Mu.

Since we had a Sunday think piece (a really nice way to say TL;DR) yesterday on the supposed strength of schools in the East Bay (short answer: not even), let’s look at another property there. Today’s featured home for your holiday is brought to you from Berkeley by Burbed reader Bob in Oakland.  Thanks very much, and remember, if you have a listing that looks like it could use a little Burbed loving, please send it in!

130526-lincoln-redfin1411 LINCOLN St
Berkeley, CA 94702
Sold for $805,000

2 Beds
2 Baths
1,083 Sq. Ft.
$743 / Sq. Ft.
Built: 1938
Lot Size: 3,570 Sq. Ft.
Sold On: Apr 10, 2013
Type: Detached
Stories: 2
Community: N Berkeley
MLS#: 40605874
Style: Bungalow
View: Other
County: Alameda

Charming N. Berkeley/ Northbrae Bungalow on charming Lincoln St. Updated baths, large front & rear yards, spacious laundry room plus bonus room perfect for office or guest suite. And, just 1 block to N. Berk BART, Ohlone pathway and bike routes.

130526-lincoln-kitchenNow let’s check in with Bob:

For your consideration:

This little shack sold for $805k, and went pending two weeks after listing for $599k.  Per a postcard sent out by the selling agent (and received by a friend who lives nearby), it received 16 offers.

Note the Redfin ‘tour insights’ (gotta love ‘em using the word ‘insights’ – it takes the deep intuitive gifts of a realtard to come up with gems like ‘nice house’):

  • 130526-lincoln-yard‘Not a fan of the kitchen’
  • ‘Kitchen is small and could use some updating.’
  • ‘There isn’t a great indoor outdoor flow. You need to go downstairs and out a side door to get to the backyard.’
  • ‘Upstairs bath a little funky….’
  • ‘Upstairs bath could use a remodel.’

130526-lincoln-faucetAlso:

There’s no garage – it was converted into a ‘guest room’ with sliding glass doors which provide a lovely view of the parking pad. 

The description says ‘large front and rear yards’, but the lot size is only 3,570 square feet.

The pix make it look decent sized, but ‘objects in wide-angle lens are smaller than they appear.’

130526-lincoln-fishmktNote the sideways-pointing faucet in the bathroom sink – never seen that before.

Yes, the neighborhood’s pretty nice, but $805k?  Maybe the buyer works in the financial district of SF, and decided that instead of a crappy condo for $1.5 million, they’d snap up this house which is a short, pleasant walk to North Berkeley BART.

I love ‘burbed’ – an island of sanity in a region gone batshit insane for real estate. Keep up the good work.

Not much we can add to that other than we’re talking a 34% overbid.  And how many times can one agent use the word “nice”?

130526-lincoln-nice

Comments (8) -- Posted by: madhaus @ 5:04 am

April 5, 2013

Extraordinary Extremity Edifice in East Palo Alto!

BlogAtoZ-EToday is day #5 of the A to Z blogging challenge:  Everything’s Easy. Eventually Excellent Estates would be Examined, as Everyone Expected we’d Essay on Entities Eastwards. Ever Espy how adding East to an Entity makes it Easier to Enjoy?  East Palo Alto is an Easier Expense than Palo Alto.  East San Jose is less Expensive as San Jose. And East Oakland? Empty. Ecch, Examine the Entire East Bay if you Endeavor to Evade being priced out forever!  Er, End Emit Equity Emerging Evermore.

130404-paloverde-redfin2318 PALO VERDE Ave
East Palo Alto, CA 94303
$369,000

2 Beds
1 Baths
860 Sq. Ft.
$429 / Sq. Ft.
Built: 1951
Lot Size: 4,800 Sq. Ft.
On Redfin: 3 days
Property Type: Detached Single Family
Stories: 1
Community: East of U.S. 101
MLS#: 81310172
Style: Contemporary
View: Neighborhood
County: San Mateo

BEAUTIFUL REMODELED HM W/ MANY WINDOWS, GARDEN VIEWS & ABUNDANCE OF NATURAL LIGHT. INCL NEW KIT, GRANITE COUNTERTOP, BACKSPLASH, TILE FLRS, NEW STOVE, LARGE LR & BEDROOMS. NEW LAMINATED FLR THROUGHOUT. REMODELED BATH. FRESHLY PAINTED INSIDE & OUT. PROFESSIONAL LANDSCAPING W/ AUTOMATIC IRRIGATION. PEACEFUL SETTING AFFORDS PRIVACY YET REMAINS MINS TO SHOPPING & FREEWAY ACCESS. MUST SEE TO APPRECIATE!

There is one term for this kind of a building and that is “snout house.” It’s all garage and the front Entrance is not Eyeable. But there’s so much more to today’s Entry!

130404-paloverde-gated130404-paloverde-front

Not only is there a Gated Entryway, in Excellent snout house tradition, we still can’t find the front door. Note the addition of a stunt portal.

130404-paloverde-kitchen130404-paloverde-yard

The remodeled Eatery is Eclectic, while the yard is Easy maintenance. Want to get an Estimate of Effort involved in the update? Examine this Earlier Eyesore!

130404-paloverde-streetview

Must see to appreciate. Eyeball, Extol, Expand!  The End.

Comments (7) -- Posted by: madhaus @ 5:07 am

March 22, 2013

Great 3 BR/1 BA home with Tall ceilings! (Buyer to verify)

Who’s priced out forever, and getting more priced out by the minute in Bay Area Bubble 4.0?  Not you! Not when you check out this completely affordable home in Oakmmphf CLOSE TO SAN FRANCISCO. Heck, you could pick up this sweet little lodging on your way home from the grocery store.  Well, you could if there were a grocery store anywhere near it.

130321-85th-redfinUndisclosed Address
Oakland, CA 94621
$133,000

2 Beds
1 Baths
997 Sq. Ft.
$133 / Sq. Ft.
Built: 1905
Lot Size: 3,200 Sq. Ft.
On Redfin: 4 days
Type: Detached
Stories: 1
County: Alameda
Style: Victorian
Community: E Oakland
MLS#: 40607349

Great 3 bedroom / 1 bath home with Tall ceilings! (Public records 2bd/1ba buyer to verify all property information) Spacious family room. Large eat-in kitchen w/ tile flooring. Spacious bath with tiled flooring. Homepath and Homeapth Renovation Approved!

Again with the undisclosed addresses?  Burbed laughs at the idea and discloses them.  We know how to use… teh Google!

130321-85th-joenangela2070 85TH AVE
OAKLAND, CA 94621
$133,000

Single Res | 2 beds | 1 baths | 997 sq. ft. | 3200 acres | 17 days on market | MLS# 40607349
Active
Price : $133,000
Bathrooms : 1
130321-85th-toiletList Date : 03/04/2013
Approx Square Feet : 997
Listed Days Back : 17
Price per sq. ft : $133
County : Alameda
Approx Lot Feet : 3200
Location : 2070 85TH AVE, OAKLAND, CA 94621
Approx Lot Acres : 0.073
MLS# : 40607349
Approx age : 108
Status : New-REO
Homeowner`s Association Fee : -1 / n/a

Anyone know the difference between Homepath and Homeapth Renovation? Don’t ask Redfin. This is below their minimum commission.

Comments (11) -- Posted by: madhaus @ 5:02 am