Modern comforts--450 Taylor Avenue, Alameda, CA
One of my favorite failed sales from a year or two ago is about to come back on the market--you read it here first, folks (well, if you don't read anything else, really, since it's on the front page of the local rag's real estate section this week). 450 Taylor is a magnificent 2-story Italianate Victorian in a crummy part of town (for Victorians, that is).
I'll drive by later and take a better picture because it's worth seeing.
The interesting story here is that this property was on the market in 2007 or early 2008, if I remember correctly, for $839,000 ($466 / sqft) and failed to sell. It had sold not once but twice in the previous two years, once in December 2005, another in September, 2006 (Zillow page):
A third sale was attempted at some point in the past couple of years, perhaps as a short sale (my memory for details is fuzzy on this one), but I wasn't able to find any trace of that sale completing. I did find an old listing price ($849,000) and MLS(r) number (40281736) on an agent's site, but there's no date there other than the "Copyright 2007, Lucian Trif" at the bottom of the page.
It's going to be listed at $749,000, which is still way too much considering how close it is to some high school and miscellaneous ugly houses, but an interesting trajectory:
Buy now or be priced out forever, because real estate is a great investment that always goes up.
3 bedrooms, 2 bathrooms, 1,798 sqft, 7,000-sqft lot, MLS(r) #TBD, $749,000
Description TBD as well--the MLS(r) sites or craigslist don't have it yet.
The interesting story here is that this property was on the market in 2007 or early 2008, if I remember correctly, for $839,000 ($466 / sqft) and failed to sell. It had sold not once but twice in the previous two years, once in December 2005, another in September, 2006 (Zillow page):
The newspaper description suggests someone went wild with "modern comforts" (granite everywhere, Terminator appliances, etc), which might account for the crazy $164,000 gain between those two sales.
Sale History 08/21/2006: $839,000 12/21/2005: $675,000 No other sale data is available
A third sale was attempted at some point in the past couple of years, perhaps as a short sale (my memory for details is fuzzy on this one), but I wasn't able to find any trace of that sale completing. I did find an old listing price ($849,000) and MLS(r) number (40281736) on an agent's site, but there's no date there other than the "Copyright 2007, Lucian Trif" at the bottom of the page.
It's going to be listed at $749,000, which is still way too much considering how close it is to some high school and miscellaneous ugly houses, but an interesting trajectory:
early 2006: $675,000
late 2006: $839,000
2007/2008: $879,000 (no sale)
early 2009: $749,000
Buy now or be priced out forever, because real estate is a great investment that always goes up.
Miscellaneous