May 12, 2013

How do we know SF Bay Area Real Estate is in a Bubble? Part 712

In today’s installment of Yes There Is Too a Bay Area Bubble 4.0, we present a few signs what it looks like when a region is not in a real estate bubble.  Notice that there is nothing like this in the Real Bay Area.  When we have a recession here, homeowners simply don’t list their properties at a loss from typical RBA overbidding.

Not so in the “Gateway to the Delta.”  Remember, you can’t spell Solano County without S-O-L.  Thanks very much to Burbed reader Tom Paine for shooting us this article.

9 Worst Recession Ghost Towns in America

The Fiscal Times (Slideshow)

130511-recession-riovista

Rio Vista, CA

Once envisioned as an 855-home suburb with families populating the grid of freshly paved streets and sidewalks, now the only life you’ll see in this desert development are cows and eucalyptus shrubs. Thirteen abandoned model homes lie clustered in the center of the development, and streets like “Serenity Drive” stretch on past empty dirt lots into the barren distance. Construction was halted in November 2008 when developer Shea Homes abandoned the project.

Photo: Webecoist.com

These three photos below are from that link as well.  Truly stunning, spooky, and sad, these would make great material for Edgar Martins.

130511-recession-webecoist

Be sure to check out this older story from the Chronicle on this unsuccessful development.

130511-recession-riovista-chron

20130511-recession-riovista-statsThere’s more of the death of this development’s boosterism on the Rio Vista Wikipedia page.  The Census data for 2007 predicted the city’s population of 7,800 would swell to 20,000 by the year 2020.  The 2010 Census update mentions no such expected population surge.  Meanwhile, population dropped to 7,300.

This charming graph, courtesy of Zillow, gives you an idea of just what a “recovery” looks like far from the Real Bay Area. This shows the median sale price per square foot over the past ten years.

There are photos of other places on both sites further from exurban Bay Area.  California City (Not Anywhere Near the Bay Area, Hell, Not Even in Northern California) has huge areas that were platted out but never built on.

130511-recession-CAcity

Just wait until you get to the Florida pictures!

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






January 16, 2013

Uncompromising Address, provided you’re willing to compromise

Some homes demand your attention because they’re in a perfect location, location, location.  Some are visually stunning.  Some feel right as soon as you walk in.  Some have stellar views.  Let’s see what’s preening itself all the way up in St. Helena, thanks to Burbed reader Tom Paine!

130115-allyn-redfin1269 Allyn Ave
St. Helena, CA 94574
$960,000

2 Beds 
1 Baths 
1,176 Sq. Ft.
$816 / Sq. Ft.
Built: 1900 
Lot Size: 7,405 Sq. Ft. 
On Redfin: 4 days
Status: Active
Property Type: Residential, Detached, Single Family
Stories: 1
County: Napa
Style: Farmhouse
Community: St. Helena
MLS#: 21300576

Uncompromising address, this historic circa 1900 Farmhouse is located on one of St. Helena’s most charming streets loved for its close location to downtown & picture-book residences. The distinctive brick exterior & interior walls w/ abundance of windiows creates a light & airy, visually exciting residence. Highceilings, hardwood floors, stone root/wine cellar, a modern country kitchen & the vintage barn adds to the history & unique period charm

130115-allyn-barnTom calls attention to these important facts about the house:

The windiows make this a special place.  Paid $440k in 1999.

But that’s why you’re going to have to compromise.  This house is not in the Real Bay Area, and that’s why it’s only a special place. 

Not a Special place.

At least it has highceilings.

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

January 4, 2013

Most Special Trees Ever. Plus a house, maybe.

It’s Friday!  Time to start planning your weekend adventure, and Burbed reader Tom Paine gives us a getaway pad in Guerneville!  Thanks very much for this hair-raising habitat!

130103-hwy116-mcguire-cache11175 HWY 116 DR
GUERNEVILLE, CA 95446
$349,950 Price Change

2 Bed 
1 Bath 
1,480 SqFt 
Single Family Home
MLS# 21226926 
Active
Original Price:  $399,950
Price Change: 12.50%
Listing Type:  Residential
Style: Cabin
County: Sonoma
Bedrooms: 2
Total Baths: 1
Full Baths: 1
Garage: 2 spaces
Year Built: 1921
Listed: 12/04/12
Location
County: Sonoma
City: Guerneville
Cross Street: Mays Canyon Rd

Description
Custom cabin in the woods, 4.2 acres, two bedroom, one bath, big basement, year round spring, surrounded by fur and redwood trees, three fireplaces.

130103-hwy116-listingThis property, alas, is no longer for sale and went Pending/Do Not Show a couple weeks ago.  But this was really because everyone had to see those fur trees and now they’re endangered. That also must explain why they dare not include a photo, and in that case our link is to a cached search result because we weren’t finding this fox anywhere.  They also don’t show the house because the walls must be mink-lined.

Fortunately, we found this actual listing photo under a rock or in someone’s raccoon trenchcoat or it fell off a truck or something.  Don’t ask how we get results, just enjoy them.  And imagine year round spring and the cuddliest trees ever. 

And for your Web 3.0 business out in the woods?  We’re thinking chinch ranch.  (It’s at 9:20)

Comments (3) -- Posted by: madhaus @ 5:06 am

November 15, 2012

Serious defects include well contamination

We’ve been spending too much time in Santa Clara County, which means we’re forgetting about the other eight counties in the Bay Area.  So let’s head north for today’s front-page feature.  Thanks very much to Burbed reader Tom Paine for this deep subject.

121114-gravenstein-sawbuck4291 Gravenstein Highway S
Sebastopol, CA 95472

Listed for $535,800 on 2/1/12
Several price cuts, to $315K on 10/19
Sold for $310,000 on 11/8/12

BANK OWNED
1 Story Detached
3 bedrooms
2 bathrooms
2,535 sq ft
3.45 acres
13 years old
15 Photos
Style: Ranch
Lot Size: 3.45 ac
Mortgage Payment: $1,114/mo
Taxes –
Year Built: 1999
Subdivision: Sebastopol
Stories: 1
MLS #21202510
WalkScore™:18

Nice piece of property on 3.4 acres. Cash only buyers. No financing. Serious defects include well contamination, rotted foundation and extensive wood rot.

121114-gravenstein-fireplaceHere’s why Tom thought this nowhere-near-the-Real Bay Area estate deserved to be all tarted up on Burbed:

Think of enjoying the beautiful views in the morning, sipping that cup of extra flavorful coffee and smelling the sweet scent of rot. And you get that special REO deed that doesn’t guarantee title as a bonus!

Can’t imagine why this didn’t sell faster.  Nothing is more authentically Marin than extensive wood rot.  But you get all this prestige at a Sonoma County price (complete with a Sonoma County address)!

This is also one of those listings we had to play Where’s Waldo with, because it didn’t show up on Redfin or several others.  Plus it had different listing copy with fewer but blurrier photos on Zillow:

121114-gravenstein-zillow4291 Gravenstein Hwy S
Sebastopol, CA 95472
Not for Sale

Zestimate $392,863
Rent Zestimate $2,458/mo
Est. Mortgage $1,371/mo

Beds: 3
Baths: 2
Sqft: 2,535
Lot: 150,282 sq ft / 3.45 acres
Type: Single Family
Year built: 1999
Fireplace: Yes
County: Sonoma
Legal description: MAP D5 151
Parcel #: 062240030
Per floor sqft: 2,535
Total rooms: 7
121114-gravenstein-bathroom# Stories: 1.0
Unit cnt: 1
Zillow Home ID: 15806148

Excellent country estate on over 3.4 acres. Home features tile entry, large living area with fireplace & fish tank, granite counter tops & island in kitchen, oversized master bedroom w/sitting area. Outside kitchen with built-in BBQ. Fantastic views of pastures, hills and seasonal creek. Pre qual with BOFA required on all offers. Cash buyers are subject to Deed restriction.

Bunus: Check out the listing history!

121114-gravenstein-listing-history

Comments (5) -- 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

September 19, 2012

House with No Bedrooms in Novato Selling Shortly

It’s been far too long since we’ve checked in with Burbed reader Tom Paine.  Tom’s found us a new manse in Northern Marin!  Thanks!

120918-caribe-sawbuck188 Caribe Isle
Novato, CA 94949
$450,000

SHORT SALE
1 Story Detached
0 bedroom
– bathrooms
Finished Sq Ft: 1,824 sq ft
Lot Size: 0.22 acres
Year Built: 1964
48 years old
Type: 1 Story Detached
Style: Contemporary
Taxes: —
Subdivision: Novato
Stories: 1
1 PhotoPlay Video
Listed For Sale: 9/13/12
6 Days
$450,000
MLS #21221815

Here’s what Tom had to say when sending us this listing:

No bedrooms.  Nope, no bedrooms. Must be located between two starbucks.

Actually, we think it’s located in a foldspace anomoly, since there’s another house that’s not for sale at the same address, with a positive number of actual BRs and BAs.  We hope the higher dimensional attributes that allow these two homes to exist in superposition are included with the lot, or you’ll need to bring Erwin Schrödinger to help collapse the wave-form at your closing.

120918-caribe-redfin

188 Caribe Isle
Novato, CA 94949
$882,000 Last Sold Price

3 Beds
2 Baths
1,824 Sq. Ft.
$484 / Sq. Ft.
Built: 1964
Lot Size: 9,600
Sq. Ft.
Sold On: Jul 23, 2007
Status: Sold
Source: Public Records

No Property Details Available

Sorry, but Redfin currently has no details for this property.

No Agent Insights on This Home

We haven’t left any notes about this home yet, but as soon as we do, we’ll leave our thoughts here.

Sheesh.  Maybe Sawbuck can’t prove there are any bedrooms or bathrooms in this house, but they auto-generate these really thorough videos!  We’re disappointed that the narrator, using the Sawbuck info above, didn’t mention “no bedrooms.”  Or to be more exact, zero.

Comments (7) -- Posted by: madhaus @ 5:13 am

July 12, 2012

Value is in the Land! No, really!

Let’s take a drive North again, courtesy of Burbed reader Tom Paine.  Tom’s got a real winner for us today, that is if by winner I meant something that is the exact opposite of winner.  So let’s check out this bitchen Bolinas back four thousand!

0 Birch Rd
Bolinas, CA  94924
$14,990

120711-birch-redfin

120711-birch-welcome-to-bolinasBEDS:  -
BATHS:  -
SQ. FT.:  -
LOT SIZE:  4,008 Sq. Ft.
PROPERTY TYPE: Lots & Land, Single Family
COMMUNITY:  Bolinas
COUNTY:  Marin
MLS#:  21214547
SOURCE:  BAREIS
STATUS: Active
ON REDFIN:  26 days

Flat lot in Bolinas:Not a buildable site under the current water moratorium and County Septic rules and zoning. For further info:Bolinas Public Utility District at Marin County Planning Environmental Health dept.

Here’s what Tom thinks about buying this lot.

I wonder if you can park your RV there for longer than 24 hours?

Ah, yes, a little slice of property in paradise!  Unfortunately we can’t tell you which slice, as there are several 4,000 square foot lots on Birch near Poplar.  But we can show you how awesome the area is!

120711-birch-streetview-corner

And when you look for some of the lots, they look even better!

120711-birch-streetview-lot

Booyah!  So are you going to let a little thing like zoning issues and no septic and no water meter stop you from buying here?

 

Comments (15) -- Posted by: madhaus @ 5:08 am

July 5, 2012

This Property is not Buildable

Hope everyone had a very happy 4th  of July.  Now that we’ve declared our Independence, let’s get back to looking at some housing win.  Today’s entry is from Burbed reader Tom Paine, to which we say, thank you very much for this superb structure in Sebastopol.

Sebastopol, in case you’re checking, was not, is not, and never will be part of the Real Bay Area.  However, the market is so hot, hot, HOT… even this place is pending.

8680 Bodega Hwy
Sebastopol, CA 95472
$62,200

120704-bodega-redfin

120704-bodega-windowBEDS:  1
BATHS:  1
SQ. FT.:  625
$/SQ. FT.:  $100
LOT SIZE:  5,663 Sq. Ft.
PROPERTY TYPE: Residential, Detached, Single Family
STYLE: Bungalow
STORIES: 1
YEAR BUILT:  1953
COMMUNITY:  Sebastopol
COUNTY:  Sonoma
MLS#:  21211920
SOURCE:  BAREIS
STATUS: Contingent (Show)
ON REDFIN:  51 days

This property is not buildable. The septic system needs to be replaced and the property is too small for the County of Sonoma to allow that. There is no well. County will NOT allow this property to be refurbished. Land only.

120704-bodega-roofHere’s what Tom had to say about this lucky listing:

You can’t build on it and you can’t get a permit to fix it because there’s no room for a septic system. Soooo $65k for .130 acres with a structure that needs to be demolished because it is an attractive nuisance. On floodplain. Who could pass this one up!

The real question is, which one of the neighboring property owners snapped this up?  Because there isn’t a good reason to buy this if you don’t own the lot adjoining it, is there?  Maybe our readers can solve this mystery!

 

 

Comments (18) -- Posted by: madhaus @ 5:08 am

June 26, 2012

This home exudes fun and charm

Let’s head up north again, where Burbed reader Tom Paine has another catastrophic cottage in Cotati!  Actually this may be the first property of any type in Cotati ever featured on Burbed.  And if you object that Cotati is awfully far for a daily commute to Google, Apple, or Facebook you’d be right.  But if you’ve been working at one of those firms long enough, you could buy this place for cash and spend your day redecorating.

751 Richardson Ln
Cotati, CA  94931
$599,900

120625-richardson-redfin

120625-richardson-cocacolaBEDS:  4
BATHS:  2.5
SQ. FT.:  2,553
$/SQ. FT.:  $235
LOT SIZE:  1.12 Acres
PROPERTY TYPE: Residential, Detached, Single Family
STYLE: Custom, Ranch, Spanish/Mediterranean
STORIES: 1
VIEW: Pasture
YEAR BUILT:  1974
COMMUNITY:  Cotati/Rohnert Park
COUNTY:  Sonoma
MLS#:  21213213
SOURCE:  BAREIS
STATUS: Active
ON REDFIN:  25 days

New to market. This wonderful Custom ranch style home with dual pane windows & sliders. Nice cheery kitchen leads to the Family and Living rooms with wood burning stove & Fireplace. All bedrooms are large with Character from the Harley Davidson room to the Coca Cola room to a Mickey mouse bathroom this home exudes fun and charm. Huge Master bedroom and bath with air jetted tub overlooks backyard. Detached 2 car garage and HUGE RV Carport. .

120625-richardson-kitschHere’s why Tom wanted to bring this listing to your attention:

OOH, a mickey mouse room! And a Coca Cola Room! And a Harley Davidson room! Where’s the PT Barnum room?

The kitchen may be cheery, but the bedrooms are large with Character.  Plus a view of a pasture.  Country living doesn’t get much better than this.

Comments (12) -- Posted by: madhaus @ 5:10 am

June 4, 2012

Why pay more in Silicon Valley? You can pay more anywhere!

Tired of high prices in Palo Alto and its environs?  Don’t lower your standards, broaden them! After all, with the return of the housing bubble, you can pay high prices all over the Bay Area!  And some sellers think you’ll be willing to pay high prices at the very edges of the Bay Area.  You’ll know housing insanity has returned when you see a house like this one for a price this, um, dreamy.

Many thanks to Burbed reader Tom Paine for passing along this super spread in Sebastopol!

2881 Scotts Right Of Way
Sebastopol, CA 95472
$898,500

120523-scotts-redfin

BEDS: 3
BATHS: 3
SQ. FT.: 2,567
$/SQ. FT.: $350
LOT SIZE: 1.82 Acres
PROPERTY TYPE: Residential, Detached, Single Family
STYLE: Ranch
STORIES: 1
VIEW: Golf Course, Greenbelt, Vineyard
YEAR BUILT: 1974
COMMUNITY: Sebastopol
COUNTY: Sonoma
MLS#: 21101823
SOURCE: BAREIS
STATUS: Active
ON REDFIN: 488 days

Unique property on almost 2.0 Acres. The home is located over looking the Sebastopol Golf Course to the South and grapes to the North. Horse facility for at least 5 horses, tack room, paddocks, stalls, and more. The backyard is landscaped and includes a beautiful pool and spa with a waterfall. Private driveway.

120523-scotts-fireplaceListed almost a year and a half ago for $998,500 and still on the market after a $100K reduction! Maybe it hasn’t sold yet because the right buyer hasn’t toured the house yet.  The kind of person who buys a house like this probably is cross-shopping Palo Alto.  The driveway (above) is just like what you get in fine Palo Alto houses, as is the excellent living room.

And just look at the kitchen!  Ready for your gourmet recipes, yum, yum, yum.  Then when you’re all cleaned up after dinner, well, lights out!

120523-scotts-kitchen120523-scotts-bedroom

Plus a really memorable street name, if by “memorable” we actually mean “wow, that is incredibly stupid.”

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