Zauberhaus--1523 Mozart Street, Alameda, CA
Whee! A new Victorian on Mozart (MLS #40339304; link won't work until Pacunion makes the listing live) for $760,000:
There's no photo of the home yet, but the specs are nice: 3 bedrooms, 1 1/2 bathrooms, 1,658 sqft, 7,600 sqft lot.
The only problem is the $760,000 price tag, which is a bit high considering the last 3 sales on that block (private data set, which I will make available to the public shortly):
I vividly remember 1553 Mozart because it was fabulous, fairly big, with 4 bedrooms and a daring price (at the time) that got it sold within days. So 18 months later I'm not convinced a comparable neighbor priced at $760,000 is going to go all that quickly.
Given the previous transaction, though, the owners should have some wiggle room to drop the price a bit:
Lovely 1895 victorian on a tree lined street in a neighborhood filled with victorians. Home has original details, hardwood floors, cobblestone paths & pond in yard. Ceilings 12 ft high with medallions. Claw foot tub in bathroom. Full basement with water filtration systemMozart is definitely a fabulous "tree lined street"--you can barely see the houses from the sidewalk. It's a lovely block.
The only problem is the $760,000 price tag, which is a bit high considering the last 3 sales on that block (private data set, which I will make available to the public shortly):| 1537 Mozart St. | 3 | 2 | 1,650 | 22-Jun-06 | $749,000 | $755,000 | $458 |
| 1553 Mozart Street | 4 | 2 | 1,407 | 10-Oct-06 | $694,000 | $700,000 | $498 |
| 1535 Mozart Street | 3 | 2 | 1,959 | 29-Apr-08 | $619,000 | $652,000 | $333 |
I vividly remember 1553 Mozart because it was fabulous, fairly big, with 4 bedrooms and a daring price (at the time) that got it sold within days. So 18 months later I'm not convinced a comparable neighbor priced at $760,000 is going to go all that quickly.
Given the previous transaction, though, the owners should have some wiggle room to drop the price a bit:
ZESTIMATE®: $683,000
- Value Range: $566,890 - $751,300
- 30-day change: -$7,500
Last sale and tax info
- Sold 10/14/1987: $61,000
- 2007 Property Tax: $1,922
Update 6/22/08: After not selling for 2 months, the sellers decided to drop raise the price t $795,000. What the hell?
Update 8/8/08: "Huge price reduction" from $795,000 to... $779,000. Come on, people.
Update 8/8/08 again: Looks like there was a huge price reduction in the MLS ($650,000), but the craigslist post isn't consistent with it.
Update 4/03/09: Seems the auction was consummated.
Update 8/8/08: "Huge price reduction" from $795,000 to... $779,000. Come on, people.
$779000 OPEN Sun 8/10 2pm-4pm with Huge Price Reduction (alameda)
Reply to: carmar00@sbcglobal.net
Date: 2008-08-08, 7:04AM PDT
Update 8/8/08 again: Looks like there was a huge price reduction in the MLS ($650,000), but the craigslist post isn't consistent with it.
Update 8/31/08: Per RealtyTrac, a house on Mozart with the exact same square footage and lot size is scheduled to go up for auction on September 11, 2008 at noon. The amount owed on the note is $700,023.
Update 4/03/09: Seems the auction was consummated.
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