Watchhttp://www.zillow.com/homedetails/3077-Mariposa-Dr-Burlingame-CA-94010/15512360_zpid/
A crowd of people for this Sunday afternoon open house. The price was close to $600 a sq ft. Wow. I wonder how many people were really buyers and not just lookers.
I spoke with the Realtard and said that I was interested but did not have a buyers agent as of yet. Her response was that I didn't need one of those.
As I walked out of the house, another Realtor tried to give me her business card and said that she was a buyers agent and would take good care of me.
I'll bet.
The people in this area are just nuts. Thank God I rent.
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Looks like they delisted it.
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San Antonio, TX
jvolstad's website
http://www.redfin.com/CA/Burlingame/3077-Mariposa-Dr-94010/home/2048468
Looks like it sold for $200K over asking price. They must print money here in the Bay Area.
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$150k over asking actually
At current rates, with 20% down, this is only $4500 a month. A family making 150% of the median income in Burlingame could afford that.
That's the equivalent of a $875k purchase just 4 years ago.
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San Antonio, TX
jvolstad's website
Kevin says
Only? Too rich for my blood.
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jvolstad says
Burlingame has nice areas and it's reasonably close to the city, but the whole bay area is overpriced. Most older homes are constructed super poorly, so you basically pay for the land.
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jvolstad says
For a loner, of course it is.
For A family of four, an extended family of fourty
and someone who wants friends coming every week, it is a neccesity.
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Half Moon Bay, CA
Banks are giving out 40 and 50 year loans now, which means lower monthly payments. And low monthly payments is all that counts, right??
When will the madness end?
http://www.bankrate.com/brm/news/mortgages/20070125_50_year_mortgages_a1.asp
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Pleasanton, CA
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That backyard alone is worth the price. I mean, where in the world could you a 2000sqft yard with at least half of it usable. Think about all the entertaining you can do. I'm surprised that some biotech executive didn't pay 2million for this place. I mean, right way, it speaks loudly that "I made it!".
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Always amazes me that there are basic hum-drum 60's rancher houses in the BA that sell for over a million bucks. And a $4,500 mortgage payment? That's a steep payment even if you're making 200-250k. More like 400k would be more like it...