Welcome back--1813 9th Street, Alameda, CA

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In the continuing "maybe it wasn't such a good idea to buy an overpriced property we can't afford" saga, today we (re)introduce 1813 9th Street, a small, unassuming house at the north end of 9th street. The specs are unimpressive:

2 bedrooms, 1 bathroom, 986 sqft, approx. 5,220-sqft lot, MLS(r) #40370885, $375,000

GOOD CURB APPEAL, HARDWOOD FLOORS, [...] WELL-PRICED HOME IN A DESIRABLE AREA.
Good curb appeal and desirable area are all in the eye of the beholder.

1813-9th-street-street-view.jpgI'd personally describe it as "blends in with the elements," which I suppose is curb appeal for the privacy-minded.

At $375,000 ($380 / sqft) it is significantly overpriced, but considerably less so than it was the last time it sold:

Sale History
05/05/2008: $441,150 *
01/11/2005: $550,000
10/01/1999: $215,000
No other sale data is available
* Transaction not included in Zestimate
That's right: somebody paid $558 / sqft for that nondescript little box in a nondescript neighborhood.

I really hope the idiots who approved those loans, and the idiots who signed their names at the bottom, really enjoy the financial ruin they so richly deserve.

Update 12/22/08: Sold for $450,000. I guess Alameda is still crawling with imbeciles.

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This page contains a single entry by L. Opine published on September 22, 2008 11:22 PM.

The art and craft of the foreclosure--1107 High Street, Alameda, CA was the previous entry in this blog.

Craftsman death match--3215 Fairview Ave v. 1371 Pearl St, Alameda, CA is the next entry in this blog.

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