One conversation that always to seem to peak people's interest is, "What is the cheapest house in the County?" The question following that one is, "What is the most expensive house in the County?" That is what this site is about, and occasionally it might contain other appraiser stuff or whatever I happen to be thinking about at the moment. Check out my other blog http://sausalitoischanging.blogspot.com/ and my professional website at WWW.PaulJamesWorld.com

Saturday, September 26, 2009

The lowest priced house in San Francisco $265,000

Listing #361913
$265,000 (LP)

Price/SqFt: 240.91

1930 Jennings, San Francisco, CA 94124 Active (09/25/09) DOM: 1 Beds: 2 Baths: 1 Sq Ft: 1100 Lot
Broker's Comments:

BANK OWNED!! Very spacious two bedroom, one bath home with dining area, kitchen and fireplace upstairs. Additional unwarranted bedroom, full bath, kitchen downstairs. One car garage. Great buy!







The Highest Priced House in San Francisco $65,000,000

2845 Broadway St, San Francisco, CA 94115 Active (03/03/06) DOM: 1303 $65,000,000

Built 2006 has 20,608 Square foot of living area in five stories. 10 rooms, 4 Bedrooms and 4 Bathrooms.

Broker's Description:
Once in a generation opportunity to acquire an extraordinary Gold Coast masterpiece in the making...Clad in French limestone, an exquisite Neoclassical style villa with stunning Golden Gate and Bay views, garden and a guest house with 19th Century Italian tile roof comprise this unique compound spanning two lots from Broadway to Pacific... One of the world's finest residential addresses...

My first observation as an experienced appraiser: "This has over 20,000 square feet and only ten rooms. Must be some really big rooms."












Tuesday, September 15, 2009

Wells Fargo knows how to parrrrrtttyyy!!!!!!!!!!!!

MALIBU, Calif. — Wells Fargo & Co. has fired an executive who reportedly partied and stayed at a bank-owned $12 million beach house in the exclusive Malibu Colony, the bank said Monday.

Bank spokeswoman Jennifer Langan confirmed that Cheronda Guyton, a senior vice president, was the only employee involved in the alleged violation of company policy.

"We deeply regret the activities that have taken place as they do not reflect the conduct we expect of our team members," the bank said in a statement.

No phone listings could be located for Guyton.

The previous homeowners, Lawrence and Linda Elins, turned over the 3,800-square-foot house to Wells Fargo in May. Their real estate agent said they were financially devastated by Bernard Madoff's fraud scheme and had to sign the property over to Wells Fargo to help pay a larger debt.

The home was not foreclosed and the bank agreed not to immediately sell it, Langan said.

Neighbors told the Los Angeles Times they saw Guyton's family at the house and that it was used for at least one party where guests were ferried from a yacht.

Link at http://www.huffingtonpost.com/2009/09/14/cheronda-guyton-wells-far_n_286682.html

Saturday, September 12, 2009

Watching an appraiser guy do the trade

job but he is making hard work of it.
I always wanted to make a film about appraising but never got around to it. At any rate,
it is easier to criticize someone elses work than it is to do the job yourself.

This guy is doing the job but he is sure making hard work of it.


Trying to draw the rooms from the inside of the house would give me a headache. And he is
trying to fill out the form while he is inside the house.

The first thing I do is measure the house from the outside. Walking around the house gives
me perspective. I can tell where the add ons are for instance. Once inside I take free lance
notes and take pictures of everything that I need to remember.




This guy is out there with a measureing tape and no one to hold the dumb end. Oh wait, that
cute girl can hold the dumb end. I use a wheel and a laser tape. I cannot imaging going back
to a tape measure.

All and all, this guy is not using techology to his advantage. In the old days of poloroid film,
we were limited in the number of pictures that we could take. Now, pictures are free so I take
a lot of them. I sort them back on the office. Secondly, that old tape measure really sucks.
A laser take makes clean accurate measurements over some pretty good distances and the
wheel is backup for anything outside the capability of the laser

Friday, September 11, 2009

Fat Cat Capitalist!

Exec. In Charge Of Foreclosures Moved Into Bank-Owned Malibu Beach House, Neighbors Say


MALIBU, Calif. � A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said.

The previous owners of the beachfront home in Malibu Colony � a densely built stretch of luxury homes that has been a favorite of celebrities over the years � were financially devastated in Bernard Madoff's massive fraud scheme, real estate agent Irene Dazzan-Palmer said.

The couple signed the property over to Wells Fargo last spring, and the bank subsequently denied requests to show the house to prospective buyers, Dazzan-Palmer said.

Residents in the gated community told the Los Angeles Times that a woman they believe was Cheronda Guyton took up occupancy at the home in May. Residents said they obtained Guyton's name from the community's guards, who had issued her a homeowner's parking pass.

Residents also wrote down the license plate number of a 2007 Volvo sport-utility vehicle they say was parked in the home's garage. A check of state motor vehicle license plates by the Times found the vehicle was registered to Guyton.

Guyton is a Wells Fargo senior vice president responsible for foreclosed commercial properties, resident Phillip Roman said.

"It's outrageous to take over a property like that, not make it available and then put someone from the bank in it," said Roman, who lives a few homes away from the property.

Residents said Guyton, along with her husband and two children, often hosted guests at the home, including a large party the last weekend of August. Malibu Colony is about 25 miles from downtown Los Angeles.

Wells Fargo said in a written statement that it would conduct a thorough investigation of the allegations by neighbors, but said it wouldn't "discuss specific team member situations/issues for privacy reasons."

Guyton's home number is unlisted, and attempts to reach her at her Los Angeles office after work hours were unsuccessful.

The bank's agreement with the prior owner required it to keep the home – a 3,800-square-foot, two-story structure built in the early 1990s – off the market for a period of time, Wells Fargo said in the statement. The bank said it planned to list the property for sale soon.

http://www.huffingtonpost.com/2009/09/11/wells-fargo-exec-in-charg_n_283031.html



Monday, September 7, 2009

America's Most Expensive ZIP Codes (Reprinted from Forbes.com Today)


Real Estate

Full List: America's Most Expensive ZIP Codes

Matthew Woolsey and Francesca Levy08.27.09, 06:00 PM EDT

Prices slide, even in the glitziest neighborhoods.

If they were cool like me, they would also print America's least expensive zip codes.




ZIP CODE CITY, STATE MEDIAN PRICE
07620 Alpine, N.J. $4,139,041
94027 Atherton, Calif. $3,849,133
10014 New York, N.Y. $3,521,514
91008 Duarte, Calif. $3,444,773
90210 Beverly Hills, Calif. $3,367,167
92067 Rancho Santa Fe, Calif. $3,362,493
93108 Santa Barbara, Calif. $3,284,652
94024 Los Altos Hills, Calif. $3,277,500
10065 New York, N.Y. $3,176,534
07926 Brookside, N.J. $3,121,115
92661 Newport Beach, Calif. $3,080,806
21056 Gibson Island, Md. $3,031,923
81654 Snowmass, Colo. $2,997,620
11976 Water Mill, N.Y. $2,965,907
11932 Bridgehampton, N.Y. $2,947,120
10075 New York, N.Y. $2,940,526
91302 Hidden Hills, Calif. $2,928,887
10013 New York, N.Y. $2,901,422
89125 Las Vegas, Nev. $2,875,208
81611 Aspen, Colo. $2,737,620
10577 Purchase, N.Y. $2,709,154
92657 Newport Coast, Calif. $2,695,512
94528 Diablo, Calif. $2,648,589
10012 New York, N.Y. $2,647,611
94010 Hillsborough, Calif. $2,646,002
94920 Tiburon, Calif. $2,620,154
11765 Mill Neck, N.Y. $2,566,038
10007 New York, N.Y. $2,555,424
10021 New York, N.Y. $2,529,935
10003 New York, N.Y. $2,513,367
95030 Monte Sereno, Calif. $2,493,300
94957 Ross, Calif. $2,486,923
33109 Miami Beach, Fla. $2,484,958
10010 New York, N.Y. $2,456,349
94062 Woodside, Calif. $2,424,031
10028 New York, N.Y. $2,409,841
94028 Portola Valley, Calif. $2,391,997
90265 Malibu, Calif. $2,362,381
90077 Los Angeles, Calif. $2,346,874
10024 New York, N.Y. $2,336,924
92091 Rancho Santa Fe, Calif. $2,323,734
93953 Pebble Beach, Calif. $2,277,607
90402 Santa Monica, Calif. $2,277,172
94022 Los Altos Hills, Calif. $2,274,084
11930 Amagansett, N.Y. $2,273,579
02807 New Shoreham, R.I. $2,268,077
11975 Wainscott, N.Y. $2,239,615
94610 Piedmont, Calif. $2,235,846
94022 Los Altos, Calif. $2,220,346
11568 Old Westbury, N.Y. $2,219,483
10023 New York, N.Y. $2,212,697
92662 Newport Beach, Calif. $2,195,909
94920 Belvedere, Calif. $2,170,833
98039 Medina, Wash. $2,153,385
90272 Pacific Palisades, Calif. $2,148,566
92651 Laguna Beach, Calif. $2,109,240
07976 New Vernon, N.J. $2,099,629
90049 Los Angeles, Calif. $2,096,518
11545 Glen Head, N.Y. $2,093,287
85253 Paradise Valley, Ariz. $2,062,130
10011 New York, N.Y. $1,972,808
60043 Kenilworth, Ill. $1,948,586
94970 Stinson Beach, Calif. $1,919,447
92625 Corona Del Mar, Calif. $1,910,511
10022 New York, N.Y. $1,907,869
29941 Sheldon, S.C. $1,888,077
94024 Los Altos, Calif. $1,867,176
11965 Shelter Island Heights, N.Y. $1,856,154
10580 Rye, N.Y. $1,851,904
10282 New York, N.Y. $1,849,615
94301 Palo Alto, Calif. $1,846,870
10001 New York, N.Y. $1,843,461
93066 Somis, Calif. $1,824,962
11024 Great Neck, N.Y. $1,814,115
94904 Kentfield, Calif. $1,801,633
08738 Mantoloking, N.J. $1,800,237
11968 Southampton, N.Y. $1,796,641
06830 Greenwich, Conn. $1,782,671
91108 San Marino, Calif. $1,775,455
90266 Manhattan Beach, Calif. $1,774,446
94611 Piedmont, Calif. $1,770,150
81615 Snowmass Village, Colo. $1,757,688
92118 Coronado, Calif. $1,734,790
07931 Far Hills, N.J. $1,733,601
07458 Saddle River, N.J. $1,731,509
10528 Harrison, N.Y. $1,728,440
81657 Vail, Colo. $1,724,429
92014 Del Mar, Calif. $1,721,338
94507 Alamo, Calif. $1,701,521
96821 Honolulu, Hawaii $1,693,469
29482 Sullivans Island, S.C. $1,687,327
06820 Darien, Conn. $1,679,524
95070 Saratoga, Calif. $1,671,854
93460 Santa Ynez, Calif. $1,668,267
11978 Westhampton Beach, N.Y. $1,664,511
92663 Newport Beach, Calif. $1,663,038
06878 Riverside, Conn. $1,653,008
95030 Los Gatos, Calif. $1,645,063
92037 La Jolla, Calif. $1,634,234
06840 New Canaan, Conn. $1,632,463 



































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Tuesday, September 1, 2009

Bernie Madoff's beach House in Mantauk NY