Speedwagon--1260 Saint Charles Street, Alameda, CA
This large Gold Coast home came on the market about 3 months ago (MLS #40317490), on January 10:
Its price dropped from $1,398,000 to $1,298,000 in early March, 2008.
Large home in Gold Coast;3 car garage;fabulous entryway, graceful stairway, large LR, & formal DR. Period details, redwood wainscoting, open floor plan; ideal for entertaining. Newly refinished hardwood floors on 1st & 2nd stories. 2 bonus rooms on 3rd floor and a partial basement.
Its price dropped from $1,398,000 to $1,298,000 in early March, 2008.If I remember correctly, this house was repossessed by the lender. That transaction shows a price of $1,495,000, which may be the default amount on the loan. Interestingly, the home was bought for quite a bit less than that, so one suspects a HELOC gone wild:
The amount of fake money generated, exchanged and subsequently lost over the past few years just in the real estate market is staggering.
Sale History 11/19/2007: $1,495,000 * 10/16/2001: $1,195,000 * No other sale data is available
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