Poor kitty--325 Kitty Hawk Street #206, Alameda, CA
Today's craigslist post doesn't beat about the bush. Why rent, indeed, when you can pay more to own a property that's losing value by the day?
Russia San Francisco from there:
And sure enough, this is a semi-recent overpriced purchase:
Update 10/29/08: Still on the market, at the same price.
Update 11/1/08: An identically-sized neighbor just closed for $275,000. Why rent!
The unit itself is small and unremarkable, and still way overpriced at $350 / sqft:$300000 Distress Sale * Short Walk to Shoreline Dr * Why Rent? * Only 3% Down! (alameda)
Reply to: hous-859914599@craigslist.org [?]
Date: 2008-09-29, 12:19PM PDT
LIGHT AND AIRY 2ND FLOOR UNIT WITH ENCLOSED PATIO. SPACIOUS LIVING/DINING. 1 BLOCK TO THE BEACH. CLOSE TO SHOPPING AND TRANSPORTATION. COMMUNITY POOL. LOCK BOX IS ON THE WATER PIPE NEAR THE DRIVEWAY. Please click on the property address to view the full details of this property. If you are pre-approved (no pre-quals please) and not working with an agent, feel free to contact me for a private showing.
$299,000 - 325 KITTY HAWK Unit 206All my best,Mustafa Afzali, ePro
2 bedrooms, 1 1/2 bathrooms, 854 sqft, built in 1964This complex is so close to the beach you can almost see
And sure enough, this is a semi-recent overpriced purchase:Another one bites the dust. YayLast sale and tax info
- Sold 01/27/2004: $290,000
- 2007 Property Tax: $4,104
Update 10/29/08: Still on the market, at the same price.
Update 11/1/08: An identically-sized neighbor just closed for $275,000. Why rent!
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