Small is the new huge--709 Haight Avenue, Alameda, CA

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The property at 709 Haight has been on the market for about three weeks now, but I'm glad I waited for its latest craigslist incarnation to blog about it.

2 bedrooms, 2 1/2 baths, 1,460 sqft, 1,950-sqft lot, MLS(r) #40380271 , $614,900

709-haight-street-view.jpg
The public records have it as built in 2003, which I suspect is really 1903. It even has a white picket fence around its handkerchief lot!

My favorite part about this listing, though, is yesterday's craigslist post:

$614900 REO BANK OWNED PROPERTY! HUGE PRICE REDUCTION! ALAMEDA HOME! (alameda)


Reply to: reobayareaproperty@yahoo.com [?]
Date: 2008-11-25, 6:01PM PST


$614,900 709 Haight Avenue Alameda
(Was $624,900) FOR PICTURES AND MORE BANK OWNED PROPERTIES
Leslie Drury
Windermere Welcome Home
510-755-2666

Advertised With Permission By:
Seville Real Estate
Maya Clark
HUGE PRICE REDUCTION! And right below, it reads "$614,900 [...] (Was $624,900)"

Seriously, folks, is that the best you can do?

The sale history is sad:

Sales History

Sale History & Tax Info
Sale History
10/22/2008: $451,800 *
09/30/1986: $109,000 *
No other sale data is available
*This transaction was not used in computing the Zestimate for this house due to anomalies we detected with this transaction. These anomalies can include unusual document or transaction types, sales between possibly related parties, unusually high or low transaction prices, or other data irregularities that might indicate the transaction is not a full-value, arms-length transaction.
How exactly do you lose a house to foreclosure in this situation?

Now it's back on the market at the worst possible time of year, idiotically priced ($421 / sqft) for this time of year / location / lot size / home size / REO loan balance (per last transaction), and it's just going to sit there for months on end. Way to go, Maya Clark.

Update 12/04/08: Another "huge" price reduction, to $609,900. W-O-W.

Update 1/11/09: Another "huge" price reduction, to $589,900. For the life of me I can't understand why those blithering imbeciles can't get a clue and drop the price decisively and quickly. Instead they are bleeding themselves by a thousand cuts. Idiots. Idiots!

Update 2/1/09: On the MLS(r) as #40392826, listed at $569,900. Why are these morons dropping the price in tiny $20K increments? I will drive by shortly to see if it was actually built in 2003--the various pictures I've seen make it look a lot older, as the location suggests, but who knows.

5 years young [...] very charming no work needed, great property and a discount price.
Discount price? Please.

Update 4/16/09
: Back on the MLS(r) as #40405195, listed at $504,900, with the answer to my question above in the description:

[...] built in 2003 per public records. Made to look like a Victorian style home. Has spacious rooms and can walk to coffee shops, etc.[...]
Who wouldn't want a house that can walk to coffee shops?




 

About this Entry

This page contains a single entry by L. Opine published on November 26, 2008 8:08 AM.

Amazing bones--3016 Lincoln Avenue, Alameda, CA was the previous entry in this blog.

There goes the neighborhood--1026 San Antonio Avenue, Alameda, CA is the next entry in this blog.

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