Contractor's gut--547 Pacific Ave, Alameda, CA
Today's Victorian is a "contractor's special" in the West end. Per public records, it has the following specs:
Can you actually claim the gutted cottage's bedrooms and bathrooms in the listing if it's actually been gutted (which in my book means it's not livable as is)?
Update 12/18/08: I drove by and verified that the block is moderately nice, except for the high school down the block and the house right next door to this property at 549 (you can see a piece of it in the picture above), which seems to be in pretty bad shape.
Update 9/28/09: Sold for $412,000. Not a typo. Outstanding 37% drop in 3 years earns the property an "Epic" tag.
4 bedrooms (3+2 per listing), 2 1/2 bathrooms, 2,415 sqft, 5,620-sqft lot, MLS(r) #40385895, $620,000
[...] contractor's special. Two homes on one lot. [...] front [...] charming victorian style home with [...] partial basement. The rear cottage was gutted and ready for completion. Off-street parking. Nice yard and great location [...]Something tells me "rear cottage was gutted and ready for completion" is code for "we ran out of HELOC money before we finished the job" given:
Way to add value.Last sale and tax info
- Sold 06/29/2006: $655,000
- 2008 Property Tax: $8,629
Can you actually claim the gutted cottage's bedrooms and bathrooms in the listing if it's actually been gutted (which in my book means it's not livable as is)?
Update 12/18/08: I drove by and verified that the block is moderately nice, except for the high school down the block and the house right next door to this property at 549 (you can see a piece of it in the picture above), which seems to be in pretty bad shape.
Update 9/28/09: Sold for $412,000. Not a typo. Outstanding 37% drop in 3 years earns the property an "Epic" tag.
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