Patrick.net

33 Simpson Drive, Walnut Creek, CA 94596

By rufita11   Follow   Sun, 2 Dec 2012, 5:25pm   1,477 views   16 comments
In San Ramon CA 94583   Watch (0)   Share   Quote   Permalink   Like (2)   Dislike  

http://www.redfin.com/CA/Walnut-Creek/33-Simpson-Dr-94596/home/1335552?source=Patrick.net

The pictures do not display the horror that this dump is. The smell of years of canine dander assault you throughout. The description says "Cosmetic Fixer", which is total bunk. The buyer will have to tear it down to the studs and sub-floors (replace some of those), replace the roof, tear out all of the upheaved concrete patio, fill in the grotesque tiny pool and even more bizarre, tinier pool. Major retaining wall work and terracing will need to be done to make the bottom yard usable. This place obviously has some major drainage issues. Not worth nearly the price, even with the excellent school district.

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1. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   1   12:11am Mon 3 Dec 2012   Share   Quote   Permalink   Like   Dislike (1)   Protected   Rufita, I see it differently from a developer's point of view. Since I don't know much about Walnut City's regulation, I'll share my opinion from the City of San Jose point of view. In a good part of San Jose, each 6,000 sq.ft. buildable lot can sold for $500k. If it were in Cupertino, we're looking at $700k-$800k. This property is situated on a 14,000 sq.ft. lot. Therefore, it is potentially subdividable into 2 lots. That's only $300k/lot. How much would a brand new 2,800 sq.ft. custom-built house situated on a 7,000 sq.ft. lot sell for in that neighborhood with excellent school district?

2. rufita11 Follow Befriend (3) 10 threads 166 comments San Ramon, CA

   2   12:32am Mon 3 Dec 2012   Share   Quote   Permalink   Like   Dislike   Only problem is that buildable lots are not selling in this area. There are many listed for around 300 to 500K and they sit for years. No way this lot could be subdivided, not nearly enough non-vertical land and zero way to access the lower yard from the street. The houses are just too close together for that. My biggest beef with the place was wasting my time looking at a total rehab with major drainage issues when it was described as a "cosmetic fixer".

3. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   3   7:25pm Mon 3 Dec 2012   Share   Quote   Permalink   Like   Dislike   Protected   rufita11 says Only problem is that buildable lots are not selling in this area. There are many listed for around 300 to 500K and they sit for years. No way this lot could be subdivided, not nearly enough non-vertical land and zero way to access the lower yard from the street. The houses are just too close together for that. My biggest beef with the place was wasting my time looking at a total rehab with major drainage issues when it was described as a "cosmetic fixer". Interesting. From the picture of the front the house, it appears that the lot slopes up from the street. Based on your description, it looks like a portion of the lot slopes down. Hey, the realtor got you to show up to check out the property. I call that good marketing. LOL!

4. rufita11 Follow Befriend (3) 10 threads 166 comments San Ramon, CA

   4   10:03pm Mon 3 Dec 2012   Share   Quote   Permalink   Like   Dislike   It slopes up, then drops off in the back.

5. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   5   6:14pm Tue 4 Dec 2012   Share   Quote   Permalink   Like   Dislike   Protected   How much do you think it will sell for?

6. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,036 comments Pleasanton, CA Premium

   6   6:29pm Tue 4 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   E-man says How much do you think it will sell for? It'll sit like all the other dead bead houses that banks are trying to unload. To us it will disappear once they realize they can't get squat for it. Then for 3-5 years this house will just sit and rot as banks do a song and dance with the value of the worthless mortgage they hold.

7. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   7   6:36pm Tue 4 Dec 2012   Share   Quote   Permalink   Like   Dislike   Protected   RentingForHalfTheCost says E-man says How much do you think it will sell for? It'll sit like all the other dead bead houses that banks are trying to unload. To us it will disappear once they realize they can't get squat for it. Then for 3-5 years this house will just sit and rot as banks do a song and dance with the value of the worthless mortgage they hold. What are you talking about? The house has no mortgage. It's a regular sale. Hello? Anybody home? Are you trying to become War and Darryl? :)

8. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,036 comments Pleasanton, CA Premium

   8   7:35pm Tue 4 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   E-man says RentingForHalfTheCost says E-man says How much do you think it will sell for? It'll sit like all the other dead bead houses that banks are trying to unload. To us it will disappear once they realize they can't get squat for it. Then for 3-5 years this house will just sit and rot as banks do a song and dance with the value of the worthless mortgage they hold. What are you talking about? The house has no mortgage. It's a regular sale. Hello? Anybody home? Are you trying to become War and Darryl? :) Okay, lets keep track of this one over the next few months. I've seen so many of these houses marketed as 'no reo, not a short sale, etc." when in fact they are. I don't trust anyone at this point.

9. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   9   7:40pm Tue 4 Dec 2012   Share   Quote   Permalink   Like   Dislike   Protected   Sorry, it's the wrong house. I thought this post was for the house in Union City. I don't know anything about this house and didn't do any digging on it. My apology. :)

10. rufita11 Follow Befriend (3) 10 threads 166 comments San Ramon, CA

    10   6:00pm Wed 5 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike   E-man says rufita11 says Only problem is that buildable lots are not selling in this area. There are many listed for around 300 to 500K and they sit for years. No way this lot could be subdivided, not nearly enough non-vertical land and zero way to access the lower yard from the street. The houses are just too close together for that. My biggest beef with the place was wasting my time looking at a total rehab with major drainage issues when it was described as a "cosmetic fixer". Interesting. From the picture of the front the house, it appears that the lot slopes up from the street. Based on your description, it looks like a portion of the lot slopes down. Hey, the realtor got you to show up to check out the property. I call that good marketing. LOL! I met the realtor three years ago, but she looks about 10 years older now. If she was that good at marketing, she would have looked a lot more relaxed or at least been able to afford laser or botox.

11. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

    11   7:24pm Wed 5 Dec 2012   Share   Quote   Permalink   Like   Dislike   Protected   Based on your description, there's a very high chance that the realtor over-leveraged & lost a lot of money during this mortgage meltdown. That would be my best guess based on her aging. The biggest difference is that the good realtors can always bounce back. I hope she can bounce back.

12. Facebooksux Follow Befriend (3) 2 threads 236 comments Mountain View, CA

    12   10:27pm Thu 6 Dec 2012   Share   Quote   Permalink   Like (2)   Dislike (2)   I hope she goes and fists herself.

13. zzyzzx Follow Befriend (9) 416 threads 4,138 comments Baltimore, MD

    13   8:45pm Thu 13 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike   rufita11 says My biggest beef with the place was wasting my time looking at a total rehab with major drainage issues when it was described as a "cosmetic fixer". There is a Simpsons episode about this, featuring Red Blazer Realty http://en.wikipedia.org/wiki/Realty_Bites Marge encounters Lionel Hutz, who has become a realtor. Marge decides to try it herself and begins working for Hutz, at "Red Blazer Realty". She tells prospective buyers her honest opinion about the houses she shows them, and even encourages the Hibberts not to move at all as she prefers their current home. Due to her honesty, she does not sell any homes and Hutz tells her to use more positive descriptions when selling the houses, such as "cozy" instead of "small". And the house is on Simpson Dr

14. zzyzzx Follow Befriend (9) 416 threads 4,138 comments Baltimore, MD

    14   8:48pm Thu 13 Dec 2012   Share   Quote   Permalink   Like   Dislike   Redfin requires a login to see pics.

15. lolmatt Follow Befriend 1 comments

    15   4:12pm Tue 22 Jan 2013   Share   Quote   Permalink   Like   Dislike   oh wow... looks like someone really really really really wanted this house. sold for 582....... going to need LOTS of work.

16. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

    16   6:41pm Thu 24 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   RentingForHalfTheCost says E-man says How much do you think it will sell for? It'll sit like all the other dead bead houses that banks are trying to unload. To us it will disappear once they realize they can't get squat for it. Then for 3-5 years this house will just sit and rot as banks do a song and dance with the value of the worthless mortgage they hold. I guess it didn't sit rotting. If I recall correctly, owner only owed $300k on this house.