3077 Mariposa, Burlingame, CA 94010


By jvolstad   Follow   Sun, 18 Nov 2012, 3:37pm   1,068 views   8 comments
In Burlingame CA 94010   Watch (0)   Share   Quote   Permalink   Like (2)   Dislike  

http://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.

Viewing Comments 1-8 of 8     Last »     See most liked comments

  1. Kevin


    Follow
    Befriend
    41 threads
    2,655 comments

    1   5:52pm Sun 23 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    Looks like they delisted it.

  2. jvolstad


    Follow
    Befriend (4)
    1,091 threads
    1,394 comments
    San Antonio, TX
    jvolstad's website

    2   8:25pm Sun 23 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    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.

  3. Kevin


    Follow
    Befriend
    41 threads
    2,655 comments

    3   9:47pm Sun 23 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    $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.

  4. jvolstad


    Follow
    Befriend (4)
    1,091 threads
    1,394 comments
    San Antonio, TX
    jvolstad's website

    4   8:39pm Sun 13 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    Kevin says

    At current rates, with 20% down, this is only $4500 a month.

    Only? Too rich for my blood.

  5. mell


    Follow
    Befriend (7)
    262 threads
    3,257 comments
    San Francisco, CA

    5   8:50pm Sun 13 Jan 2013   Share   Quote   Permalink   Like (2)   Dislike  

    jvolstad says

    Kevin says

    At current rates, with 20% down, this is only $4500 a month.

    Only? Too rich for my blood.

    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.

  6. waiting_for_the_fall


    Follow
    Befriend (1)
    5 threads
    251 comments
    Half Moon Bay, CA

    6   10:32pm Sun 13 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    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

  7. RentingForHalfTheCost


    Follow
    Befriend (8)
    63 threads
    2,545 comments
    Pleasanton, CA

    7   3:21pm Thu 24 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    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!".

  8. edvard2


    Follow
    Befriend
    50 threads
    3,646 comments

    8   3:39pm Thu 24 Jan 2013   Share   Quote   Permalink   Like (1)   Dislike  

    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...

jvolstad is moderator of this thread.

Email

Username

Watch comments by email
Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 50 milliseconds to create.