Appealing--1520 Santa Clara Ave, Alameda, CA
It always amuses me to read descriptions of properties going into foreclosure describing them as great investments. It reminds me of those old high-mileage Buick Regal beaters with "RUNS GOOD" painted on them. If it RUNS GOOD, why sell it, really? And if it's such a great investment, why is it back on the market a few years after its last purchase, and being foreclosed on?
Today's brilliant financial move is what looks like a small Victorian chopped up into two units, on the 1500 block of Santa Clara. I can't tell from the Google Street View picture whether it's the little rickety one on the west side or the tall Italianatey-sticky one just inches to the east of it (my bet is the former). The specs, such as they are:
Interestingly, the previous sale price wasn't all that high, especially for 2004. It makes you wonder how much of the "updated kitchen(s)" was financed using a HELOC.
I don't know what's going on in that part of Santa Clara, but it seems to be a hotbed of foreclosures and dilapidated houses. Maybe it's the bend in the street just a block to the east? Or the church across the street?
Today's brilliant financial move is what looks like a small Victorian chopped up into two units, on the 1500 block of Santa Clara. 2x 1 bedroom, 1 bathroom, 1,572 sqft, no lot size available, MLS(r) #40374298, $449,000
Appealing investment opportunity! Upstairs [...] 1 bedroom and 1 bath with 2 bonus rooms, [...] updated kitchen and bathroom. Downstairs [...] updated kitchen. [...] Desirable location!
Interestingly, the previous sale price wasn't all that high, especially for 2004. It makes you wonder how much of the "updated kitchen(s)" was financed using a HELOC.Last sale and tax info
- Sold 05/14/2004: $405,000
- 2007 Property Tax: $5,797
I don't know what's going on in that part of Santa Clara, but it seems to be a hotbed of foreclosures and dilapidated houses. Maybe it's the bend in the street just a block to the east? Or the church across the street?
I think you're correct it's the house on the right. I toured it last summer when they were preparing to list it. (I guess they ended up not listing it last year.)
The floorplan is very strange. In the upper apartment the bathroom is pretty much in the kitchen.