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3077 Mariposa, Burlingame, CA 94010


By jvolstad   Follow   Sun, 18 Nov 2012, 7:37am PST   1,255 views   8 comments
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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.

Comments 1-8 of 8     Last »

Kevin   Sun, 23 Dec 2012, 9:52am PST   Share   Quote   Permalink   Like   Dislike     Comment 1

Looks like they delisted it.

jvolstad   Sun, 23 Dec 2012, 12:25pm PST   Share   Quote   Permalink   Like   Dislike     Comment 2

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.

Kevin   Sun, 23 Dec 2012, 1:47pm PST   Share   Quote   Permalink   Like   Dislike     Comment 3

$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.

jvolstad   Sun, 13 Jan 2013, 12:39pm PST   Share   Quote   Permalink   Like   Dislike     Comment 4

Kevin says

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

Only? Too rich for my blood.

mell   Sun, 13 Jan 2013, 12:50pm PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 5

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.

waiting_for_the_fall   Sun, 13 Jan 2013, 2:32pm PST   Share   Quote   Permalink   Like   Dislike     Comment 6

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

RentingForHalfTheCost   Thu, 24 Jan 2013, 7:21am PST   Share   Quote   Permalink   Like   Dislike     Comment 7

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!".

edvard2   Thu, 24 Jan 2013, 7:39am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 8

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...

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