Green Day’s frontman, guitarist Billy Joe Armstrong, has just added his Oakland, California estate to the luxury market. The 5 bedroom Mediterranean / Normandy estate was built for Armstrong back in 1998 by architect Mark Becker and features over a half acre lot, pool with pool house and an open floor plan. Located in the Claremont Pines area of Oakland, the mansion has wonderful views for the San Francsico Bay. Boasting lots of unique ironwork, a rough-hewn beamed rotunda and, of course, a music studio, the home also includes a winding brick staircase. The remains of a 1911 'Red Gate' mansion designed by Julia Morgan.

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While most of the house has been redecorated, there are a few vestiges of Billie Joes' taste, including a bathroom adjacent to the…

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This is the next part of the vintage Oakland real estate developer movie from the 1920's that documents the building of Oakland's 9th St pier and the famous Alaska Packers Fishing Fleet of sailing ships with their big masts. They also show the "new" Oakland airport which cost over a million dollars to built. The lineup of biplanes and old aircraft are great to see.

 

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I found some great vintage footage from the 20's that a real estate developer made of the Oakland area. It was trumpeting all of the great things about the Oakland in regards to shipping and transportation. Oakland had one of the largest train hubs and continues to have one of the largest shipping ports on the west coast. There are some great shots of Heinold's First and Last Chance Saloon built in 1883, it looks the same today as it did back then. The name was based upon the fact that Alameda was a 'dry' town. If you were coming or going to Alameda on the ferry, Heinold's was your first and last chance to get a drink. There are also some great shots of the Tribune tower and downtown Oakland as well as the shipping ports that made Oakland famous. I will…

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I just finished filming a feature story for NBC Channel 11 with Tech and Business reporter Scott Budman about the Internet and Real Estate. It should be on tonight at 6pm during the Business segment. Hopefully I don't end up all over the editing room floor. Scott is an old friend from Oakland, an award winning journalist and father of two. You can see the video here. Click Here

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The figures for the 1st quarter have come in with some predictable results. Housing sales are way up (almost 200% in Hayward!) with the bulk of these sales in the lower end markets. Foreclosures have been the bread and butter of this market with Short Sales and REOs bringing in buyers from all over. I've had one eager man in New Zealand who has been buying up properties in Richmond.

The low interest rates combined with the $8000 tax credit has made first-time buyers and investors dive into affordable East Bay and Oakland Real Estate. The median sales price of homes sold has dropped dramatically because of the focus on the lower end market. The median price of a Oakland home sale has dropped 70% since the same quarter last year. While many areas of…

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 Ok forgive the sensationalism I just wanted to  welcome back Capt. Richard Phillips who was held hostage by the Somali pirates. What an ordeal, I can't imagine. It was just a nice day at the Union Point Park in Oakland again. I caught site of this beautiful ship tied up at the harbor and . The pirates wish they could command a boat this regal.

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money_120I've been getting a lot of calls about the Governments First-Time home buyers credit. The newly passed legislation allows first-time buyers to claim a credit of up to $8,000, or 10% of the home's value, whichever is less, on their 2008 or 2009 taxes. This is a refundable tax credit meaning that you can actually have the money refunded to you even if you don't owe the full amount on your taxes.

The purchase must be made between Jan. 1, 2009 and Nov. 30, 2009 to qualify for the credit. Buyers must make less than $75,000 for individuals and $150,000 for couples. To qualify has a first time home buyer you cannot have purchased a home in the last three years. They must also live in the house for at least three years, or they will be obligated to pay back the…

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In just a few years Oakland, San Leandro and other East Bay homes have become affordable to many first time home buyers. The median price of Bay Area homes has continued to drop from $720,000 in the spring of 2007 to the current $295,000 median price of homes sold in Feb 2008.  The majority of these homes have been REOs(bank owned) and short sale (pre- foreclosure) listings but these have also brought down the price of surrounding owner occupied homes as well. Additional changes in lending practices and the $8000 federal tax credit have also stimulated buying in many neighborhoods. Maxwell Park, Laurel, and Dimond neighborhoods have seen plenty of buyers looking to get into these areas.  Some houses are selling for over $200,000 less than they were just…

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Oakland has always a diverse city but never more so than now. There are now three different homes in Oakland listed for $45,000 and less and 3 homes listed for more than $3.5 million. One of the Million dollar listings has breathtaking views of Oakland, San Francisco as well as the $33,000 home in the flat lands, though you might need a telescope to see it.

1504 92nd is a cute 2 bedroom 1 bath bungalow that is listed at $33,000. This same home would sell for 10 times this amount and more in many Oakland neighborhoods but as they say, ' location, location, location". In reading the MLS further, the $33,000 listing price is actually the opening bid at auction later in the month but I will keep you posted for what it actually sells for.

 

Another house on…

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