Sweet--2860 Jackson Street, Alameda, CA

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I'm not sure why, but there appears to be something about bungalows that make agents use the word "sweet" a lot. Today's new listing is a "sweet" East End bungalow (MLS #40364577; no link to MLS site until EBRD decides to get back to me about their DMCA complaint). The publicly available data about this property includes:

2 bedrooms, 2 bathrooms, 1,164 sqft, approx. 3,500 sqft lot, $648,000

[...] bungalow [...] too many upgrades to mention! [...] plus room off master [...] finished garage w/ storage [...] dog run [...]

house.jpg

That's $557 per sweet square foot. It seems a little high in this market where houses in the $400-$450 / sqft range have a hard time selling. But then, maybe the sellers don't really have a choice:

Sales History

Sale History & Tax Info
Sale History
12/22/2006: $610,000
11/30/2005: $615,000
04/18/2002: $412,500
08/16/1996: $190,500
I wonder what's behind the serial sales. Aren't homes supposed be held on to for 7 years on average? Maybe the house is a dog. It does have a dog run. The pictures I'm probably not allowed to show don't reveal anything wrong with it--it looks pretty nice in the Google Street View photos:

2860-jackson-street-alameda-street-view.png
If you Google the address, you're likely to find a link to its open home announcement in August, 2006, when it was listed for $638,000. This incidentally means it was last sold for at least $23,000 under asking after a good long time on the market (the last transaction date is 12/22/2006), and that was well before the credit crunch really started:

open homes this weekend
Written by Alameda Sun    Published: Friday, 11 August 2006

[...]

18 Gonsalves Court $1,499,000 Sunday 2-4

2860 Jackson St. $638,000 Sunday 2-4

1 Ferro Court $899,000 Sunday 2-4

[...]

It'll be interesting to watch and see if it repeats its past performance(s).

Update 11/10/08: Sold for $648,000. What is wrong with people?





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This page contains a single entry by L. Opine published on August 22, 2008 8:56 PM.

Anchor what?--386 Anchor Way, Alameda, CA was the previous entry in this blog.

Open house observations--1822 Union Street, Alameda, CA is the next entry in this blog.

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