Now that's a price drop--2830 Fernside Boulevard, Alameda, CA
When this listing showed up in my email, I knew the address looked familiar (MLS #339629, listed at $658,000):
What I don't understand is how one can wind up in a short sale situation given the sale history below:
Update 5/7/08: Strangely enough, I just found this property in my "reductions" list on Zip Realty under MLS #40313376 for $699,000, and the price drop history shows no sign of the $685,000 price.
Update 7/27/08: Still on the market. Whee.
This home is a real charmer, in one of the most deirable areas in town. It shows pride of ownership. The Kitchen and Baths have been tastefully remodeled, new hardwood floors & doors & windows. Private room for guest or au-pair is not warranted. Possible short sale.I had indeed seen it before, at a more Fernside-compliant price:
What I don't understand is how one can wind up in a short sale situation given the sale history below:
If $658,000 is less than what is owed, it means over $489,000 has been added to the loan balance. I understand catastrophic injury or illness-related expenses do happen, but half a million? Why not just move to Canada?Last sale and tax info
- Sold 09/19/1985: $169,000
- 2007 Property Tax: $3,928
Update 5/7/08: Strangely enough, I just found this property in my "reductions" list on Zip Realty under MLS #40313376 for $699,000, and the price drop history shows no sign of the $685,000 price.
| Bedrooms: | 3 |
| Full Baths: | 2 |
| Partial Baths: | 0 |
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| Square Feet: | 2,000 |
| Lot Size: | 4,000 Sq. Ft. |
| Year Built: | 1935 |
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| Listing Date: | 12/10/07 |
| On Market: | 149 days |
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| Type: | SFR |
| Status: | ACTIVE |
| MLS #: | 40313376 |
ZipRealty Price Track:
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Price Reduced: 02/19/08 -- $829,000 to $799,000 Price Reduced: 04/03/08 -- $799,000 to $699,000 |
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Update 7/27/08: Still on the market. Whee.
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