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?
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