Price it like it's 2030--423 Santa Clara Ave, Alameda, CA
It's not April 1st (I checked), so I can't find any explanation for the pricing strategy on today's itty bitty property. 423 Santa Clara Avenue bills itself as a "sweet little 1 bedroom cottage". I don't know about sweet, but it's certainly little:
For the life of me I can't figure out what could justify this demented asking price. Location? Nope. New interior? Maybe a $30K premium, if that. Lot size? Nope. Architecture? Nope.
There's no sale history on Zillow, so one presumes the owners should be able to drop the price to where it belongs, say, $175,000 (not drop it by $175K--drop it to $175K). It's not as if it's difficult to find comparably-sized properties for pricing ideas.
Idiots.
Update 10/27/08: Price dropped to $399,000 and a "MOTIVATED SELLER BRING OFFERS" note. The floors are gorgeous.
1 bedroom, 1 bathroom, 623 sqft, approx. 1,740-sqft lot, MLS(r) #40375010, $425,000The price isn't a typo. $425,000, or $682 / sqft. And if they really mean "20 minutes to SF" they must have forgotten to mention the helipad on top of the house.
Sweet little 1 bedroom cottage [...] new Roof, new Brazillian Cherry flooring and tile in kitchen & Bath. Granite Counter, new stove, new kitchen cherrywood cabinets. [...] 20 minutes to SF [...]
For the life of me I can't figure out what could justify this demented asking price. Location? Nope. New interior? Maybe a $30K premium, if that. Lot size? Nope. Architecture? Nope.
There's no sale history on Zillow, so one presumes the owners should be able to drop the price to where it belongs, say, $175,000 (not drop it by $175K--drop it to $175K). It's not as if it's difficult to find comparably-sized properties for pricing ideas.Idiots.
Update 10/27/08: Price dropped to $399,000 and a "MOTIVATED SELLER BRING OFFERS" note. The floors are gorgeous.
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