Ouch--2134 Lincoln Avenue, Alameda, CA

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I paid attention to the multi-family home at 2134 Lincoln Avenue only peripherally when it was on the market, mostly because of its location. I vaguely remember it being listed over $800,000--the number $850,000 is what comes to mind when I look at the picture and try to remember the details:

2134-Lincoln-Ave-Alameda-CA-94501.jpg
Trulia's fantastic recently-sold property page for this property shows off its sad purchase history (confirmed by the corresponding Zillow page):

Property Information
Street Number:     2134
Apt Number:    
Street:     Lincoln Ave
City:     Alameda
Zip Code:     94501
Beds:     6
Baths:     3
Year built:     1908
Sqft:     3,015
Lot Size:     8,727

Sales History
Historical home sale price (1):     $780,000
Prior sale date:     Jan 31, 2008
Change since this sale (1):     NA
 
Historical home sale price (2):     $860,000
Prior sale date:     Nov 9, 2005
Change since this sale (2):     -9%

Ouch. My favorite part of this year's market is to read real estate professionals writing things like

buying a home or condo is never a bad investment , I can almost guarintee when you sell in 2011 or 2012 you will have equity , please follow up with me at that time , i would be interested to know i was more than right . Jennifer Connelly 253-330-4196
(source).

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This page contains a single entry by L. Opine published on April 9, 2008 8:00 PM.

Concrete redhead--2318 Pacific Avenue, Alameda, CA was the previous entry in this blog.

Say what?--1523 Lafayette Street, Alameda, CA is the next entry in this blog.

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