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






May 2, 2013

Will not last in Mountain View: this is under valued

Surprised it’s still there, what with all that value in the land.  Thanks to Burbed reader LomaLovr for the find.

130501-leghorn-refin1950 LEGHORN St
Mountain View, CA 94043
$799,000

3 Beds
1.5 Baths
1,456 Sq. Ft.
$549 / Sq. Ft.
Built: 1966
Lot Size: 0.52 Acres
On Redfin: 7 days
Property Type: Detached Single Family Community: Rengstorff MLS#: 81313653
Stories: 1
County: Santa Clara

Rare opportunity to own this half acre lot with a single family home grandfathered on it. Zoned MM40 for commercial or industrial use. Single family home can be used as an office upon ok by city for business purpose. 200 sq ft basement. Property can not be developed into other residential aspects. Property can not be subdivided. Easy access to 101. Property will not last, this is under valued.

Upcoming Open Houses

Sunday, May 5: 1:00-4:00 pm

Buried in the cached copy are these comments:

Investment Property Possibilities Endless .51 acre lot Can be commercial property. Zoned MM40 Grandfathered Single Family Home on lot.

130501-leghorn-lot130501-leghorn-floors

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

March 5, 2013

Bay Area Bubble 4.0: Seller Sez Make Me Move from Millbrae

We’ve been calling Bubble on the Real Bay Area for several months.  For the next few days we’ll continue to make the case that the housing bubble in the Bay Area is absolutely unmistakable.  Yesterday, we had a 35% overbid in Prime Palo Alto for a tear-down bungalow on a lot too small for subdivision.  Today, we have an even smaller lot with a return of what we called a “wishing price” when the Bubble was about to pop.  But before it did, we had another name for a WTF asking price.  Let’s see what one would look like in Millbrae.

130304-magnolia-redfin140 MAGNOLIA Ave
Millbrae, CA 94030
$1,100,000

2 Beds
1 Baths
990 Sq. Ft.
$1,111 / Sq. Ft.
Built: 1927
Lot Size: 6,000 Sq. Ft.
On Redfin: 3 days
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Cottage/Bungalow
Community: Highlands
MLS#: 81306376

Charming Two Bedroom and One Bathroom Single Family Home situated on a Lot that is Zoned R-2 (Residential Duplex). This home is located conveniently around the corner from Downtown Millbrae’s Finest Restaurants and Shopping. Great Development Potential, come see this home!

130304-magnolia-shrinkwrapA thousand a foot is a fair price for convenient access to SFO plus two freeways! Plus this is primo real estate photography. At least the agent isn’t snapping pictures in corners like yesterday.

Plus this home is located conveniently around the corner from Downtown Millbrae’s Finest Restaurants and Shopping.  According to Yelp, the Best Restaurant in Millbrae is the Millbrae Pancake House, so we’re talking haute cuisine.  Or at least hot cuisine. 

130304-magnolia-oldlistingNow, this lovely home last changed hands in September 2010, for $675,000.  Aren’t you sorry you didn’t snag it then?  Look at all the instant equity you missed out on!  As you can see from the old listing photo (right), the only improvement done to the home since then was to Photoshop in a better sky.  Also back then the place was “Close to BART, Airport, Freeways and schools.”

Not any longer!  Now it’s just one big Great Development Potential opportunity for you! With a price like this, this is now a Real Bay Area house, therefore the train tracks, airport and freeways must have been relocated.

We hope you realize this is THE SECRET of how to make money in Bay Area real estate:

  1. Buy house not in the Real Bay Area due to its location fail
  2. Eliminate location fail so house moves to RBA
  3. ???
  4. PROFIT!

Remember, a WTF asking price isn’t a Wishing Price unless there’s no chance of getting it. This is a Bubble Price.  This seller is saying, “You want this house? You’re going to have to pay me enough to Make Me Move.”

Comments (10) -- Posted by: madhaus @ 5:06 am

January 8, 2013

Endless potential in Palo Alto

Time once again to visit one of our favorite places in the entire Real Bay Area!  And it’s been a while because the properties go pending faster than we can click through the listing photos.  We’ve been telling you that many RBA neighborhoods are hot, hot, HOT.  Now we’ve got even more proof that The Bubbly is Back.  Check out this Palo Alto palazzo from Burbed reader Michael Boltonestater!

411 PEPPER Ave
Palo Alto, CA 94306
$868,000

130107-pepper-redfin3 Beds 
1 Baths 
987 Sq. Ft.
$879 / Sq. Ft.
Built: 1940 
Lot Size: 6,534 Sq. Ft. 
On Redfin: 5 days
Status: Active
Property Type: Detached Single Family
Stories:1
Community: Ventura
MLS#: 81300120
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Clara

Walk to California Avenue and enjoy all it has to offer, from this charming 1940s cottage with endless potential. Light filled rooms, hardwood floors, remodeled bathroom. Expansive backyard. Quiet location. Outstanding Palo Alto Schools. No offers prior to 1/14/13.

130107-pepper-kitchenNot just a house in Palo Alto with endless potential (after all, every house in Palo Alto has endless potential, just by being in Palo Alto!), this is a 1940s cottage with endless potential.  Just look at that kitchen!  They sure don’t build them like they used to.

But did you catch the last line in the listing?  “No offers prior to 1/14/13.”  If that isn’t proof that it’s 2006 again, we don’t know what will convince you.  Once again, the realtards are so convinced that their listed houses sell themselves, they get to decide what day they sell themselves.

Now here’s what Michael thinks about this Would Sell Way Over Asking Right Now If Only The Agent Hadn’t Made Everyone Wait a Week property:

Nice neighbors too, if you like junkyards.

130107-pepper-satellite

These will be terrific neighbors… if you ever need to borrow a cup of brake fluid.

Comments (25) -- Posted by: madhaus @ 5:03 am

December 20, 2012

OMG We Forgot About Mountain View!

We’ve just been alerted that we’ve been neglecting Mountain View property, which we are contractually required to discuss every ten minutes.  And it’s been ten whole days! Fortunately, Burbed reader Michael Boltonestater sent us this beaut, which we promptly misplaced during the Black Friday Sales.  Consider this a “we found it in the back of the storeroom” slightly mussed listing. It’s both pending… and selling shortly!    

121219-whisman-redfin492 N WHISMAN Rd
Mountain View, CA 94043
$750,000

4 Beds 
2 Baths 
1,748 Sq. Ft.
$429 / Sq. Ft.
Built: 1965 
Lot Size: 0.25 Acres 
On Redfin: 33 days
Status: Pending With Release
Stories: 1
Community: Whisman
MLS#: 81241148
View: Neighborhood
County: Santa Clara

Short Sale! Charming two unit property located in Whisman Area of Mountain View. Huff Elementary, Crittenden Middle and Mt View High. Live in one, rent the other or great investment opportunity! HUGE 10,890 sf corner Lot. R-2 zoning provides multiple use scenarios. Both units are 2 bed /1 bath w/ laundry, garage AND carport. Please DO NOT Disturb Occupants!

121219-whisman-kitchenIt’s a great investment opportunity!  That’s because the current owners are passing the savings along to you rather than the bank.  Yes, savings.  If you had bought this property in 2006, like these investors did, the RBA would have done its magic and increased it by more than half its value in just six years.  And if you were smart and leveraged yourself with a 20% down, 10% down, 5% down, or even ZERO DOWN, then your investment returns would be much, much higher! 

Let’s calculate them, shall we?

121219-whisman-history

So a little over a million dollars, put down 20%, looks like that investment… is now going to be someone else’s instant equity. So, bets on the over/under compared to 2003’s sale price?  Now that provides multiple use scenarios.

Comments (4) -- Posted by: madhaus @ 5:09 am

December 19, 2012

Absolutely a Gorgeous Home in Sunnyvale

Today’s fine featured facade is brought to you by Burbed reader Petsmart Groomer!  Thanks very much, and if you want to see your name up in lights on the front page like PG’s, send your richest realty wrecks to one of the emails on the rightside column.

121218-bartlett-redfin396 BARTLETT Ave
Sunnyvale, CA 94086
$699,000

3 Beds 
2 Baths 
1,765 Sq. Ft.
$396 / Sq. Ft.
Built: 1942 
Lot Size: 5,100 Sq. Ft. 
On Redfin: 70 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Sunnyvale
MLS#: 81237245
Style: Traditional
View: Neighborhood
County: Santa Clara

Absolutely a gorgeous home, completely rebuilt from the ground up in 2007. Oak kitchen cabinets granite counter tops. Hardwood floors in living room. Plus much more. Property will be open on Saturday, October 27 2012 from 12:00 to 4:00 p. m. Please show at that time.

121218-bartlett-satelliteOak, granite, hardwood…. wait, wait, something’s missing.  Shoot, I bet the agent had the flip trifecta in the listing copy all along, and another joker figured he could just steel it and stain a reputation.

PG’s observation on this property:

Absolutely a gorgeous home… Yet there is only one picture.

Plus much more.

You want to know how much more?  You see that big corporate campus behind the back fence?  It just got sold to a real estate investment partnership.

121218-bartlett-wiresYes.  That means you could lease some of the space and then your commute to work would literally be seconds.  All you’d have to do is build a gate through your back fence.  You’d have a shorter commute than Mark Zuckerberg did back when he had a rental a block from the old Facebook HQ, and soon you’ll have a smaller number than he does (#36) on the Forbes 400!

How are you going to do that? Dunno, but Sunnyvale’s about to lose 1100 jobs.  Get cracking!

Bunus: Also just seconds away: expressway and high-voltage transmission lines! Is this house great or what? Plus much more.  Like the central location conveniently nestled between several Super Fun sites.

121218-bartlett-cleanups

Property will be open on Saturday, October 27th 2012.

Comments (1) -- Posted by: madhaus @ 5:09 am

August 26, 2012

Advice Request: What to do about neighbor planning ginormous addition?

120825-adviceBurbed gets all kinds of mail.  Usually we get suggestions for houses to review or links to interesting articles that our readers might enjoy.  Occasionally we get requests for help.  Burbed reader Protennoia writes in and asks for your suggestions in dealing with a situation in the neighborhood.

A neighbor is turning a 3/1 into a 6/4.  Today, he had an open house for neighbors before he submits plans to the city of San Mateo. I went and asked him to tell me about it.

His roof leaks and he wants the space of a second story. He says his timeline is six months and that he’s building it for his family.  This neighbor is a few houses down, so I can’t argue that his second story will affect my privacy. He’s been there over 15 years and says he has no plans to move or rent out the place.

But plans can change.

I am nervous about a 6/4 house being built on the block.

A 6/4 house being rented involves a lot more traffic and street parking than a 3/1.

A 6/4 house, significantly, would maximize the potential profit of a halfway house. Up to six residents, a halfway house is considered a single family, even if their residents are six transient parolees with substance abuse problems.

People have the right to rent out rooms or to turn their house into a group home, so I don’t know that these complaints would have any effect

Other readers, how would you handle this situation?

120825-bryant-streetviewFor now we’ve taken out the name of the city.  Protennoia can add it in in the comments if it’s absolutely critical, but we will say this is a city in San Mateo County.

Updated 23:59 — Sorry about not fixing this until now.  I put San Mateo back in with Protennoia’s permission, but forgot to rewrite the about graf.  –ed.

We were looking for a good graphic of a house that completely dominated the block, but this video does an even better job getting that idea across.  And the article it came from suggests 10 signs a house is overbuilt for the neighborhood.  Several of them seem to apply to our reader’s situation.

So, Burbed Readers, what advice do you have on dealing with a neighbor doing so much expansion on your block, given that that the home’s purpose could change and then affect your ability to enjoy your home?  Is this NIMBYism or preserving neighborhood character?

If you don’t want to post your comment publicly, you can send email directly to Protennoia at this email address.

Comments (13) -- Posted by: madhaus @ 5:09 am

August 16, 2012

Poultry in Motion in Mountain View

120815-leghorn-warnerNo, there are no chickens to see at this Mountain View marvel, but the street name lives up to the title billing above.  It sure puts us in mind of one of our favorite Warner Brothers characters.  I say, I say, I say, son, that is QUITE a price.  Thanks very much to Burbed reader mabel du for taking on this turkey.

2012 LEGHORN St
Mountain View, CA 94043
$749,000

120815-leghorn-redfin

120815-leghorn-yard-chairs2 Beds 
1 Baths 
914 Sq. Ft.
$819 / Sq. Ft.
Built: 1948 
Lot Size: 6,800 Sq. Ft. 
On Redfin: 9 days
Property Type: Detached Single Family
Stories: 2
Community: Rengstorff
MLS#: 81229400
Style: Cabin
View: Neighborhood
County: Santa Clara

Currently used a residential rental. Great opportunity to build prime location office space or light industrial, storage/warehouse, or wholesale business. Take advantage of this unique opportunity in the heart of Mountain View!

120815-leghorn-dhoWhy the possibilities for this property are truly endless.  Let’s hear from mabel du as to why:

uh…  i’m sorta speechless on this one.  what a crazy shite-load of weird pictures.  and who’s the mystery woman who pops up randomly, waldo’s mom? 

$819/sq ft for this?  really???  interesting satellite shot from zillow  (i.e.  yikes!)  nothing too helpful on propertyshark.  looks like it’s been held in the family for years – would love to know what they paid for it back in the dark ages.

120815-leghorn-satellite-zillow

We assure you the pictures inside are just as Special as the yard views.

120815-leghorn-bathroom120815-leghorn-office

But why check Property Shark?  Both Redfin and Zillow clearly state this amazing place last sold in the dark ages of 2007 for $600,000.  And worth every bit of that chicken feed.

Comments (12) -- Posted by: madhaus @ 5:02 am

July 27, 2012

Zoned Industrial; City will not allow change

Success breeds success at Burbed, and our coverage of Google Central just keeps leading to more submissions as close-in as possible. Today’s property is a real treat because it’s so close to everything.  Thanks very much to Burbed reader Michael Boltonestater for this mixed-use manse in Mountain View.

1941 COLONY St
Mountain View, CA 94043
$828,000

120725-colony-redfin

120725-colony-shedBEDS:  3
BATHS:  1.5
SQ. FT.:  1,105
$/SQ. FT.:  $749
LOT SIZE:  0.27 Acres
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT:  1950
COMMUNITY:  Rengstorff
COUNTY:  Santa Clara
MLS#:  81227723
SOURCE:  MLSListings
STATUS: Active
ON REDFIN:  1 day
 NEW LISTING (24 HOURS)

Zoned industrial, currently used as a single family house, not allowed to increase the living sqft. Can be used also as mixed residential/industrial. Currently considered non-conforming use and can be kept this way. City will not allow to change the industrial zoning to residential zoning.

120725-colony-drivewayThis agent is such a defeatist! Of course the city will allow to change the industrial zoning to residential zoning.  The only question is, how much will it cost to encourage them to do it?  When you see what this house is near, the answer to whether it’s worth it isn’t just yes, but FOUKING HELL YES.

We’ve seen mixed residential/commercial zoning before, but this house enters a new paradigm for the Silicon Valley engineer/inventor who doesn’t want to be limited to just the garage.  Take a look at all you get just on your block!  Places to build things or store things or blow them up to the left, other is-this-a-house-or-a-wrecking-yard mysteries to the right.  It’s a win either direction you go.  

120725-colony-satellite

Plus, look at the  neighborhood we’re talking about!  It’s not often that the vehicles go so perfectly with the front yard decor.

120725-colony-streetview

And across the street, it gets even better!  No less than Burbed’s favorite townhouse community EVER!

120725-colony-gables

If Burbed were a business that actually made any money, this house would be the place we’d be headquartered. So run out and buy the place, and start your Web 3.1 empire today!

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