Drowning--2438 Coral Sea Street, Alameda, CA
Alameda is known for its past and high density of very old (mid-to-late 19th century) Victorian homes. It is also known for having a fair amount of underdeveloped space to its west, thanks to an abandoned army base.
For a little while now, developers have been building "luxury" residences in said west end, such as this property, now for sale for $1,050,000:
THIS MUST BE A HELLUVA HOME TO WARRANT THIS OCEAN OF CAPS. Of course it boasts all the pseudo-high-end features you'd expect from a new McMansion: berber carpets, "TOP LINE" appliances (though thankfully no stainless steel) and a whole quarry's worth of granite:
For a little while now, developers have been building "luxury" residences in said west end, such as this property, now for sale for $1,050,000:
MODEL #7 @BAYPORT. OVER $80,000. IN ORIGINAL UPGRADES. GRANITE COUNTERS, ADDITIONAL CABINETRY IN KITCHES TOP LINE GE. PROFILE APPL. BAMBOO FLOORING DWNST. BERBER CARPET UPSTAIRS.FULL HOUSE INTERCOM, STAMPED CONC. PATIOS AND MORE!
THIS MUST BE A HELLUVA HOME TO WARRANT THIS OCEAN OF CAPS. Of course it boasts all the pseudo-high-end features you'd expect from a new McMansion: berber carpets, "TOP LINE" appliances (though thankfully no stainless steel) and a whole quarry's worth of granite:Though barely 18 months old, this property already has a blemished title, as it last sold when it was but a babe in mid-2006, but its owner is trying to get rid of it for (surprise) his/her purchase price + agent commission:
Last sale and tax info
- Sold 07/12/2006: $980,000
- 2007 Property Tax: $4,904
I wonder who was able to justify the development of a large high-end McMansion development in a small town most Bay Area folks hardly know about at the top of what was already a very obvious bubble about to pop.
Update 12/3/08: Fun! This property just came back on the market as MLS(r) #40383727, listed at $799,000. That's an eye-popping $251,000 (24%) drop from the previous list price, and an almost equally eye-popping $181,000 (23%) "equity" drop. Zip Realty has the listing as a short sale, which won't surprise anybody.
Update 1/10/10: Actually sold for $700,000.
Update 12/3/08: Fun! This property just came back on the market as MLS(r) #40383727, listed at $799,000. That's an eye-popping $251,000 (24%) drop from the previous list price, and an almost equally eye-popping $181,000 (23%) "equity" drop. Zip Realty has the listing as a short sale, which won't surprise anybody.
Over $80,000 in original upgrades. [...] top of the line GE Profile appliances, bamboo [...] berber carpet [...] full house intercom/music, stamped concrete patios. Have converted loft to 4th bedroom.Update 2/24/09: It's back! MLS(r) #40396836, essentially the same description, still $799,000.
Over $80,000 in original upgrades. Granite counters, additional cabinetry in kitchen, top of the line GE Profile appliances, [...] berber carpet upstairs (with 15 yr. warranty), full house intercom/music, [...] Have converted loft to 4th bedroom.Update 8/30/09: Apparently sold for $750,000.
Update 1/10/10: Actually sold for $700,000.
Miscellaneous