August 19, 2013

Ginormous SJ house generates HEAVY AMOUNT OF PHONE CALLS

Tired of the poorly photographed crapboxen that are Burbed bread and butter? Today’s house is for you, if you can find it.This property is brought to you by Burbed reader wahnny. Thanks very much!

130818-calero-redfin21680 CALERO CREEK Ct
San Jose, CA 95120
$999,888

5 Beds
7 Baths
7,533 Sq. Ft.
$133 / Sq. Ft.
Built: 2002
Lot Size: 3.10 Acres
On Redfin: 17 days
Status: Pending With Release
Property Type: Detached Single Family
Stories: 2
County: Santa Clara
Style: Traditional, Mediterranean
Community: Almaden Valley
MLS#: 81328031

Last "Open House Monday 8/12 this evening from 5-7:30pm. ELEGANT PALATIAL ESTATE, SITUATED ON 3.10 FLAT ACRES. THIS LUXURY CUSTOM HOME IS 10 YEARS YOUNG & BUILT W/ THE FINEST IMPORTED MATERIALS FROM AROUND THE WORLD. DUE TO HEAVY AMOUNT OF PHONE CALLS WE HAVE "FAQ WORD DOC" @ UR REQUEST W/ FULL DISCLOSURE LINK & HOME INSPECTIONS. VIRTUAL TOUR HAS 2 TOURS & BROKER TOUR VIDEO FROM 8/7/2013 ENJOY

130818-calero-theaterHere’s why wahnny sent in this particular place:

Just came across this quite georgious estate.

Asking price is WAY less than its assessed value.  Lotsa cauwlums and ornate finishings adorn the "10 YEARS YOUNG" 7500+sqft estate on 3+acres.  Aside from overhead powerlines, rather small pool, and location on the fringes of the RBA, it might still incite a bidding war, as per AGENT INTENT.

130818-calero-kawlumFringes of the Real Bay Area? Wahnny, this place isn’t even on the fringes of the Corridor of Not Quite. This house is firmly situated somewhere south of You Have Got To Be Kidding Me. The only advantage it has is that it’s only 22 miles to the Tesla Supercharging station in Gilroy.  And if you can buy a house this size for the price of a gingerbread shack in San Bruno, of course you should expect some mawbul kawlums thrown in.

130818-calero-thronePlus there is a virtual tour.  And a good thing there is, or we would never know that every office needs a throne.

As to that AGENT INTENT, here’s what the FAQ in the disclosures packet has to say about that asking price:

8. Why list so low?
Sellers are aware that neither appraisers, nor realtors determine what the VALUE or the final sales price of a home will be, it’s the BUYERS that determine the final price thus the new market value of the home.  They wanted to market and list their home non-traditional and something innovative that would attract plenty of interest and one good offer that had the best price and terms.

130818-calero-officeWait a minute, since when is announcing a day for offers to come in and picking the highest one considered “non-traditional”?  In the RBA this is de rigeur!

Bunus: Not only does this property have a “well lien” because of the 3 abandoned wells onsite (seller can’t find two of them), there’s also an HOA for shared roads with voting rights based on property size. This home has an effective veto over the other properties because any vote must pass by 75%.  So you could really make life interesting for four other homeowners!

ENJOY

Comments (3) -- Posted by: madhaus @ 7:06 am






March 18, 2013

Gem nestled in the Quaint town of Campbell

Still not convinced that we’ve entered Bay Area Bubble 4.0?  Burbed reader wahnny has another entry trying to support our hypothesis.  Let’s take a good look at this cavernous castle in Campbell!

130317-everett-redfin255 EVERETT Ave
Campbell, CA 95008
$579,900

2 Beds
1 Baths
784 Sq. Ft.
$740 / Sq. Ft.
Built: 1980
Lot Size: 2,640 Sq. Ft.
On Redfin: 5 days
Property Type: Detached Single Family
Stories: 1
Community: Campbell
MLS#: 81307702
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Clara

Another Gem by Gaurdian Home Brokers, nestled in the Quaint town of Campbell. Located a short walk from starbucks and the Famous Pruneyard Shopping Center. This Bugalow features all new kitchen with granite counters, stainless appliances, paint int/ext, landscape, new windows and more. Top-rated schools.

130317-everett-viewAnd heeeeeeeeeeeeeeeeeere’s wahnny!

Another [example of bubble pricing] is a flipped 1900s bungalow in (non-RBA) Campbell,

Not quite as cozy, and on a much smaller lot, but near top-rated schools / starbucks /shopping centers, and currently selling for "not a lot of money".

130117-everett-preflipThis is much better, wahnny, this is a flipped 1900s “bugalow.”  Another Gem by Gaurdian Home Brokers. (If the realtard meant this agency in Folsom, then we must admit this is the first time we’ve caught one who couldn’t properly spell the name of their own broker.)

If you’re interested, the before pictures and listing are available here (photo right).  Here’s the older listing copy:

Amazing potential! Southern-facing FIiXER UPPER w/ sunny fenced yard! In a sweet architecturally eclectic neighborhood a block to the heart of Campbell & restaurants, cafes, boutiques, & Sun. Farmer’s Market. Master br w/ walk-in closet & access to private patio. Eat-in kitchen w/ breakfast nook/laundry closet has French doors to the large yard. Fully fenced & low maint. yard.

Look at that!  For $180K less than the current asking price, you could have done business with an agent who could not only spell, but also use words like “eclectic.”

Comments (6) -- Posted by: madhaus @ 5:05 am

March 12, 2013

One of a kind with creek and stone bridge that adds to its charm

How would you like to live in Los Gatos and not spend a million dollars?  Wish granted!  Thanks very much to Burbed reader wahnny for this, um, residence.

130311-shannon-redfin16005 SHANNON Rd
Los Gatos, CA 95032
$788,000

1 Beds
1 Baths
668 Sq. Ft.
$1,180 / Sq. Ft.
Built: 1940
Lot Size: 10,800 Sq. Ft.
On Redfin: 4 days
Property Type: Detached Single Family
Stories: 1
Community: Los Gatos/Monte Sereno
MLS#: 81307108
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Clara

Los Gatos Schools. Unique property on desired street. Upscale neighborhood surrounded by multimillion dollar properties. House has beautiful country setting with beautiful redwoods. It’s tranquil and private. One of a kind with creek and stone bridge that adds to its charm. Close to town, restaurants, Whole Food Market, etc. Additional storage or workshop inside of garage. Lots of potential.

130311-shannon-frontYou know this is going to be a good one when they don’t’ show the house until picture #5.  Now let’s check in with wahnny.

Some additional data points that further support the Bubble 4.0 hypothesis.

A cobbled-together 1940s cottage in (possibly RBA) Los Gatos.

The photos don’t do it justice.

130311-shannon-livingVisited during open house (along with several other groups), and although nicely staged, the place is tiny (or, as the Redfin video understates, "compact")! 

It was amusing to listen to the realtor speak of all the positive possibilities (e.g., the house could be torn down or rebuilt (e.g., adding 2nd level)) while minimizing the downsides (creekside property is literally in a flood zone, and would require special build permits/fun with the county).  Yes, yes, value is in the land, but is it really worth more than the Bubble 3.0 sold price?

We also love how the video states that the house is “on the water” and that the 1-car garage means “you’ll always have a place to park your car!”  Also the view of the back patio reminded us of a famous house.

130311-shannon-view

See some resemblance?

130311-shannon-incredibles-house

If you don’t recognize this house, click here.

Comments (6) -- Posted by: madhaus @ 5:03 am

February 18, 2013

Your Three Day Weekend Getaway (Read a book)

Today’s featured property is brought to you by Burbed reader wahnny.  It’s perfect for a quick little mini-vacay, because it’s an easy drive from Google, Facebook, Apple, or wherever you should be working this weekend.  Just plop down the cash (easily found behind the couch cushions or by redeeming a couple of stock options), pitch your tent, and enjoy!  Plus, you could build a house on it!

130217-tucker-redfin2155 Tucker
Scotts Valley, CA 95066
$140,000

— Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: 4.74 Acres
On Redfin: 9 days
Property Type: Residential Land (Single Family)
Community: Scotts Valley North
MLS#: 81304038
View: Mountains
County: Santa Cruz

Perfect vacation spot with a self sufficient little cabin. Off the grid with spring fed water. A wonderful tree house, a zip line, a foot bridge PLUS your own beach on Soquel Creek (year round water) Great place to get away, enjoy the peace and quiet. Read a book, go for a hike, let you kids enjoy the the outdoors! Can’t see a neighbor who you all share in the road maintenance.

130217-tucker-insideHere’s why wahnny sent in this delightful home away from home (that is, if by home, we actually meant a place that doesn’t have a house for grown-ups on site).

Just came across this offbeat/offgrid Scotts Valley getaway.  What an interesting use of children, to help sell property.  And deep in the woods no less!

Unlike the "mini-San Simeon" property, this one actually has a zip line, as well as other fun structures (cabin, treehouse), and isn’t as far from civilization/paved roads.  And it has "beach" access (to the creek) too!

130217-tucker-treehouseGiven its relative proximity to the RBA, relative RBA pricing, and r3ltrd copyspeak, it’s quite clear who this would appeal to!

Every rule we’ve ever heard about staging a property for sale says to take family photos out of the house, because the buyers want to visualize themselves in the house. If they see pictures of your family, then that makes it harder for them to see themselves living there.  Obviously either the agent never heard of this rule, or she has some really obstinate sellers.  Why?  This property features a bunch of family snaps instead of the usual listing photos.

130217-tucker-woodsAnd whoever’s idea this was, they really want you to admire the family.  The pictures of the grounds that left the wife and kiddies out are not the sharpest prints in the drawer. 

Just wait until you meet “can’t see a neighbor who you all share in the road maintenance.”  We double dog dare you to share in the road maintenance with someone you can’t see.

130217-tucker-oldlistingBunus: Be sure to check out the listing history.

Extra-super-bunus: Last sale (at $190K in 2007) and the older photos are still available for your viewing pleasure.  You can tell this one on the right is from the old set, because it’s actually focused.

Comments (7) -- Posted by: madhaus @ 5:09 am

January 17, 2013

50 Shades of Brown in Campbell

Decor is an important part of getting a house ready for sale.  Decor isn’t just furnishings, but wall treatments, art, floor materials, paint, and of course, tchotchkes.  Today’s featured find is furnished fully with an eye for consistency.  Thanks very much to Burbed reader wahnny for this crib in Campbell!

130116-audrey-redfin1105 AUDREY Ave
Campbell, CA 95008
$1,699,000

4 Beds 
3.5 Baths 
4,137 Sq. Ft.
$411 / Sq. Ft.
Built: 2005 
Lot Size: 0.25 Acres 
On Redfin: 7 days
Status: Active
Property Type: Detached Single Family
Stories: 2
County: Santa Clara
Style: Mediterranean
Community: Campbell
MLS#: 81300771

Regular Sale! An entertainer’s Spanish style dream home! This house has it all and you must see to appreciate the attention to detail in this custom beauty by Jay Andre Construction. This home has been totally rebuilt in 2005 with countless amenities. 2 spa/saunas, luxurious office, a gourmet kitchen w/ granite counter tops, tile, and hardwood floors. Too many to list! Open House 1/12 & 1/13 1-3PM

Over 4,000 square feet and the photographer remembered to water the driveway before taking pictures!  Either that or that moody sky had plenty of rain.  Now let’s hear from wahnny on why this house is so Special.

130116-audrey-officeRecently came across this lavishly adorned villa in the middla Campbell.

Almost every photo shows the house in various shades of brown (in keeping with the spanish colonial/western/desert theme, no doubt).  And talk about sophistication … in addition to the obligatory “kawlumns”, a variety of plumbing fixtures are included (see tour website for photos)!  Very elegans/earthy!

Location/neighbors aside, it’s probably worth at least the asking price!

130116-audrey-kawlums

At least worth the asking price?  Oh no, in the time since wahnny sent this listing in, we are sure that this property has probably increased at least 15% over the asking price.

After all, this is a Regular Sale!  And nothing says “dream home” like having to reassure buyers that the house isn’t an REO or short sale!

But what about the location and the neighbors?  With a quarter acre lot, why would you worry about neighbors?  You’ve got enough room to dig a moat and put in Rottweilers.

Although the next-door neighbor does seem to have more cars than driveway.  For $1.7 million one would expect the neighbors to collect something less intrusive yet more expensive, such as Facebook put options.

130116-audrey-streetview

Must see to appreciate!

Comments (9) -- Posted by: madhaus @ 5:05 am

December 28, 2012

Relax and Golf at the Boulder Creek Hilton

Our post-Christmas closeouts continue!  Today we’re heading up the hill to Santa Cruz County to show that you, yes YOU!! Can!! Afford!! To buy a house!! Thanks very much to Burbed reader wahnny for sending us this bodacious Boulder Creek craptacular.

121227-hilton-redfin273 W HILTON Dr
San Lorenzo Valley, CA 95006
$49,900

3 Beds 
2 Baths 
1,400 Sq. Ft.
$36 / Sq. Ft.
Built: 1965 
Lot Size: 0.32 Acres 
On Redfin: 21 days
Status: Active
Property Type: Detached Single Family
Community: Boulder Creek
MLS#: 81242647
Stories: 2
County: Santa Cruz

Property damaged by 2006 slide on Boulder Creek golf course. Engineering reports and county reports on file. Drive by only. DO NOT ENTER PROPERTY. CASH OFFER ONLY.

121227-hilton-bathHere’s what wahnny said about this resort location:

Although the photos and listing appear to match the reality of the area (made worse with recent rains), the dreaming still continues.

You’ll be having pleasant dreams in this Golf Course abode!  They’ll be so amazing that’s why you’re only allowed to drive by. 

Nobody’s allowed to enter the property until you’ve paid your cash offer.  If that isn’t proof that The Bubbles Are Back, we don’t know what is.

121227-hilton-streetview

We’re sure you can clean up that 2006 slide on Boulder Creek golf course, if you can find where the engineering and county reports are “on file.”

Comments (4) -- Posted by: madhaus @ 5:08 am

December 4, 2012

The Bubbly is BACK! a fine example

For those of you joining this blog, already in progress, we’ve been sharing Real Bay Area real estate win since 2006.  (Check out the archives at right!)  So Burbed has been around the block once already, back in the good ol’ days of high prices for not much house.  Then we watched sellers get greedy and wait too long for a better price, until they had to start chasing the market down, and down, and down…

This lucious little lodgement in Los Gatos illustrates that we’re on our way back to 2006 again!  Thanks very much to Burbed reader wahnny for sending it in!  (Of course it’s pending!)

121203-loma-redfin134 LOMA ALTA Ave
Los Gatos, CA 95030
$998,000

2 Beds 
1 Baths 
797 Sq. Ft.
$1,252 / Sq. Ft.
Built: 1930 
Lot Size: 7,000 Sq. Ft. 
On Redfin: 20 days
Status: Pending Without Release
Property Type: Detached Single Family
Stories: 1
Community: Los Gatos/Monte Sereno
MLS#: 81240778

a fine example of the original California Bungalow. Perfect for a small family starting out or ideal for retirement living walking distance to the village. Very deep lot with fruit trees and alley access, too.

121203-loma-livingAww, that’s so cute! It’s like a dollhouse, only smaller!  Here’s why wahnny wanted us to wander on over:

For almost $1 million, one can buy a 1930s-style 800sqft bungalow on 7000 sqft lot in Los Gatos!  It actually looks pretty clean inside and out, so it’s not exactly a “crapshack” (as per Burbed standards).  Perhaps “crampshack” describes it better (although in comparison to adjacent homes/lots, it could be argued otherwise).  Well, other than price, this might be quite a deal!

That’s like saying, “Well, other than being on a Superfund site, Gables End might be quite a deal too!”

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

October 19, 2012

Not a cornr lot

Happy Friday!  Let’s finish out the week with a super structure in Saratoga, courtesy of Burbed reader wahnny!  And break out the red arrows, because we’re hunting mawbul kawlums!

121018-bellecourt-redfin15181 BELLECOURT Ave
Saratoga, CA 95070
$6,000,000

5 Beds 
5.5 Baths 
6,600 Sq. Ft.
$909 / Sq. Ft.
Built: 2003 
Lot Size: 1.02 Acres 
On Redfin: 10 days
Status: Active
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: French
Community: Saratoga
MLS#: 81236964

This unbelvble Gorgeous French Style Masterpiece Estate is spanned graciously on one level. Magestic & quality craftd, combind w/ architctural excellnce. Nestld in most desirble & prestigious area of SAR * Situatd on a Flat Acr+, * Guest Hse * amazing Media Rm/cinema * Game Rm * Exercise Rm w/ steam showr * 2Family Rms/wings * invitng grounds w/ Pool & Spa perfect4 entertainng * Orchrd * Nr downtwn-sar schls-Not a cornr lot

121018-bellecourt-entryWas this house listed on Twitter before they put it on MLS?  With 6600 square feet of living space, certainly the broker could make room to stage some more vowels.

Now heeeeeeeeeere’s wahnny on why this wigwam’s a winner!

It’s been a while since multimillion+ RBA houses were featured on Burbed, but I just came across one that seems to go overboard in its ostentatiousness.

121018-bellecourt-diningThe house looks like an ad-hoc mishmash of architectural styles, with each room having different themes, some with painted ceilings, and of course, mawbul kawlums galore!

Curious who the seller/realtor thinks will be attracted to such a place, especially at their asking price.

We’re curious how high the overbidding on this kawlumned kastle will be when it’s so unbelvble.  We’ve included some more pictures for your perusal in case you doubt its awesomitude.  But we’re thinking of calling shenanigans on the home theater.  Either every high-end installation looks and photographs exactly the same, or the picture’s been nicked from another listing.

121018-bellecourt-marble-everywhere121018-bellecourt-guesthouse121018-bellecourt-firepit121018-bellecourt-fireplace121018-bellecourt-study121018-bellecourt-theater

Bunus: See if you can figure out how this one acre property on the corner of Bellecourt and Highway 9 is not a cornr lot.

121018-bellecourt-satellite

Comments (16) -- Posted by: madhaus @ 5:05 am

October 9, 2012

Cupertino Cubic Cutie for under a CCC note

Today’s featured home is an architectural aristocrat among stupendous school districts.  Translation: wtf?  Thanks very much to Burbed reader wahnny for sending this Cupertino castle in!

121008-rainbow-redfin7367 RAINBOW Dr
Cupertino, CA 95014
$995,000

3 Beds 
2.5 Baths 
1,523 Sq. Ft.
$653 / Sq. Ft.
Status: Pending Without Release
Built: 1995 
Lot Size: 1,742 Sq. Ft. 
On Redfin: 20 days
HOA Dues: $150/month
Stories: 3
County: Santa Clara
Property Type: Detached Single Family
Community: Cupertino
MLS#: 81234699

This is one of the only two single family homes in this five unit complex. 17 years new. Comtemporary floor plan and bright, sunny natural lighting. New carpets. Newer paint. Crown molding. Hardwood floor in living and family room. Granite kitchen counter top. Private back yard. Award winning Cupertino school Regnart Elementary, Kennedy Middle and Monta Vista High.

121008-rainbow-diningHere’s what wahnny had to say about why this building block became Burbed:

Just came across this gem in Cupertino.

Asking price is just under $1million for a “17 year new” 3-story 1500+sqft cube house on 1700+ sqft lot.  Not exactly a “crapshack”, but it does seem pretty cramped (small rooms) and probably noisy too (close to highway, major thoroughfares).  Perhaps a small price to pay for access to the “award winning Cupertino schools”, and/or bee-line to Apple Inc.

It can’t be that bad.  The lot is 200 square feet bigger than the house, and there is some green amid all that low-maintenance cement. Plus, fewer windows means less work cleaning them and less sun damage to your drapes and artwork.  We’d say this detached home features all the benefits of townhouse living, right down to the HOA fees!

And wahnny must have been exaggerating for comic effect about the thoroughfare and highway nearby. 

121008-rainbow-satellite

See?  We know it wasn’t that bad! There’s a handy offramp as a buffer zone!

Comments (11) -- Posted by: madhaus @ 5:04 am

September 1, 2012

We’re Number One! We’re Number One!

Here’s a cheery news item, submitted by Burbed reader wahnny.

Silicon Valley’s Boom Creates Shortage of $1 Million Homes

120831-cnbc-losaltosPublished: Wednesday, 29 Aug 2012 | 10:22 AM ET
By: Robert Frank, CNBC Reporter & Editor

The home of venture capitalist Kelly Porter in Los Altos, photo, right.

The capital of high tech is now the capital of high-priced real estate.

Silicon Valley currently leads the nation in the number of homes sold for $1 million or more, according to Realtytrac. Sales of $1 million-plus have more than doubled in many communities in the Valley this year, toppling longtime luxury real-estate leaders like Beverly Hills or Miami.

Topping the list is Saratoga, Calif., in Santa Clara County, which had 225 homes sold for $1 million or more. That marked a 162 percent increase over last year.

Ranked second was Burlingame, Calif., which had 211 sales of at least $1 million, more than double last year’s rate. Cupertino and Los Altos ranked third and fourth in the nation, with 175 homes and 170 homes respectively.

Booyah!  We lead the nation in million dollar homes.  Sayonara, Scarsdale!  Meet you later, Miami gator!  Buh-bye, Beverly Hills!  Buh-… there’s just one problem with this article.

CNBC is comparing Silicon Valley to other “longtime luxury real-estate leaders.”  And up there on millionaire’s row is… Cupertino?  That’s not exactly the first town that comes to mind when we think “palatial estate.”

We don’t think this CNBC reporter understands the Real Bay Area.  Any region can feature a town full of luxury homes, towns like Atherton or Hillsborough, only somewhere that isn’t very Special.  You can find some real big, expensive estates in cities such as Bloomfield Hills, Michigan (boyhood home of Mitt Romney), or Winnetka, Illinois, or Greenwich, Connecticut.  Or Beverly Hills.

But only in the Real Bay Area can you find crappy houses for a million dollars.  Observe.

First, we look at Saratoga, since there were so many million dollar homes on the list they couldn’t find one to feature in the article (they just noted you could buy 1.2 acres with no house for more than a mill).  Find out what that same price gets you with a house… after the break.

(more…)

Comments (38) -- Posted by: madhaus @ 5:12 am