The art and craft of the foreclosure--1107 High Street, Alameda, CA
Little by little, it seems the market is being reshaped by repossessed/foreclosed houses that were sold for too much money a couple of years ago. Another one of those just hit the market, a little Craftsman at 1107 High Street. The specs:
2 bedrooms, 1 bathroom, 1,071 sqft, 3,430-sqft lot, MLS(r) #40370821, $529,900At $495 / sqft, it's significantly overpriced, but it appears to be close to the foreclosed amount:
Charming Arts & Crafts bungalow [...] original details and some updating. [...] open/ spacious feel. Nicely finished hardwood floors, built-in cabinets. [...] workshop/storage in rear. Don't miss this one.
Sales History
You can't blame the bank for trying to make its money back. Oh wait, yes, you can, since they had no business making that loan to begin with. $615,000 for a sub-1,100-sqft bungalow is complete insanity, and $529,900 is not much better.
Sale History & Tax Info Sale History 07/22/2008: $544,541 * 09/27/2006: $615,000 10/03/2000: $311,000 No other sale data is available * Transaction not included in Zestimate
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