Halp!--1509 Santa Clara Avenue, Alameda, CA
This property appeared on craigslist yesterday and on the MLS(r) today (#40359548; no link until EBRD issues are resolved). It's an old home with some maintenance issues. What's particularly interesting to me is the difference in wording between the MLS(r) listing and the more direct craigslist post...
It doesn't look too proud:
It's also a far cry from a "grand old lady", as far as I'm concerned, especially in Alameda where truly grand old ladies abound.
The house (what's left of it) is fairly large, on a small lot, and does have...
Only $599,000.
Update 9/4/08: Price dropped to $550,000 a couple of days ago. Woohoo.
Update 10/20/08: Still listed, still $550,000. Give it up, already.
Update 11/9/08: Price dropped to an amusing $525,000 on 11/4. The MLS(r) listing includes this hilarious note:
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MLS:
Grand old lady suffering from old age. Dutch Colonial built in 1898 [...] Two stories plus full basement on grade level with two car tandem garage. Reports available 8-8-08.
Craigslist (my emphasis):
Grand old lady suffering from old age. Dutch Colonial built in 1898 [...] Two stories plus full basement on grade level with two car tandem garage. She needs a total rehabilitation. No maintenance done for over 40 years. Everything original to the house from fixtures, clawfoot tub, to brick foundation. It's a time capsule! Please contact Broker Phil Hunt at 510-583-5420 for futher information.
It doesn't look too proud:
It's also a far cry from a "grand old lady", as far as I'm concerned, especially in Alameda where truly grand old ladies abound.The house (what's left of it) is fairly large, on a small lot, and does have...
4 bedrooms, 2 1/2 bathrooms, 2,512 sqft, approx. 3,500 sqft lot, 3 storiesSo what are they asking for a house that "needs a total rehabilitation" and has had "no maintenance done for over 40 years"?
Only $599,000.
Update 9/4/08: Price dropped to $550,000 a couple of days ago. Woohoo.
Update 10/20/08: Still listed, still $550,000. Give it up, already.
Update 11/9/08: Price dropped to an amusing $525,000 on 11/4. The MLS(r) listing includes this hilarious note:
Comps at $850,000. Price reflects "as is" condition.Where exactly are "comps at $850,000"? Show me one, I dare you.
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Yeah, I wanna pay $599,000 for a barn that hasn't had any maintenance done in over 40 years... Cuz when I spend a couple hundred thousand to fix it up - it'll look like - a BARN...
Another delusional owner and broker, I guess.
Make that $300k. I got a verbal estimate north of $200k for work on a similarly-sized house in better shape (it had the foundation done already).
And good luck getting a loan for $599k with that brick foundation.