A real find--1828 9th St, Alameda, CA

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Today's craigslist post describes the property at 1828 9th Street as "A real find," perhaps due to its somewhat hard-to-get-to location. It doesn't describe it as an "overpriced find," lest it scare potential buyers away, but it might as well. Here are the specs:

3 bedrooms (public records) or 2 bedrooms (listings), 1 bathroom, 1,011 sqft, 4,445-sqft lot, MLS(r) #40376427, $519,000

$519000 First Open House Sunday Oct. 19. (alameda) (map)


Reply to: hous-884791028@craigslist.org [?]
Date: 2008-10-18, 10:18PM PDT

This home hit the market Saturday. A real find. Excellent 2 bedroom bungalow on a quiet street in Alameda. Lots of upgrades and care make this home shine. Just over 1,000 sq. ft. of living space. Hardwood flooring in bedrooms and living room and dining room. Fireplace in living room.
You'll love the gardens on the side and rear. Redwood tree in a quiet setting off the 2-car garage. Lots of parking. Laundry porch over a very useful basement which has a separate room suitable for work and recreation.
Good condition indicated by "termite report" and "home inspection report" available at the property.
Very nice neighborhood.
Check that price! Call for a convenient visit by appointment. 510-508-1215.
Sure, $519,000 is lower than most recently-listed homes on the market, but it only has 1 bathroom, and it's very small; $513 / sqft is much too high.

The sellers might be able to drop the price, assuming they're not too stubbornly set on the magical $500,000 threshold, given:

Last sale and tax info

Sold 04/16/2002: $386,000
2007 Property Tax: $5,458
But then again, they might not have to, considering the Alameda market's remarkable willingness to overpay.

Update 12/04/08: And drop they did,this week, below the magical $500,000, to $499,000.

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This page contains a single entry by L. Opine published on October 19, 2008 11:12 AM.

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