Happy anniversary--728-732 Taylor Avenue, Alameda, CA

Reader BigDot asked about 728-732 Taylor (MLS(r) #40294693), a duplex that's been on the market so long I never wrote about it. Today is its 365th day on the market in its current incarnation, but I could swear it's been for sale for much longer than that. So happy anniversary-minus-one (damn leap years)! You're now a lifer.

Here are the publicly-available specs:

2 bedrooms, 2 bathrooms, 1,462 sqft, 3,940-sqft lot, $750,000 ($513 / sqft)

Charming [...] duplex each unit has [...] meters, washer & dryer, 1 car garage, 1 bedroom, 1 bath & laundry [...] next to the webster st. Farmers' market (tues am & thurs pm)

It did drop its price once from $775,000 to $750,000, on September 12, 2007. Nothing since then. Its sale history points to a need to sell for at least $635,000 or so (what with those pesky commissions):

Last sale and tax info

Sold 12/02/2004: $593,000

2007 Property Tax: $7,857

But frankly I just don't see that happening--how does a tiny duplex cashflow at these kinds of prices (it doesn't)? I'm also not sure how being right next to the Farmer's Market is a plus--traffic and noise are pretty gnarly in those parts, at least by Alameda standards. There's also a large McDonald's in back and the largest concentration of liquor stores in Alameda within walking distance.





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