Pergulla--5 Washoe Ct, Alameda, CA
Today's Craigslist post claims "Owner must liquidate" their big ugly 2002 house, and not just liquidate--liquidate "far below market value!" Let's see how much they mean it. First, the specs:
If you don't venture much into the self-indulgent-over-appointed-McMansion-KrapBox Home-infested parts of town, here's where Washoe Ct is:
And what is a liquidation price (far below market value, too) for a "2500+ square foot" home (that's officially 2,455 sqft)? My first instinct would be pricing it under $300 per sqft, and because this is a FSBO and there's presumably only one agent's commission to pay, I'd throw in an extra 3% to attract buyers. Let's say $250 to start, or a total liquidation price of $615,000 or so. Famously over-optimistic Zillow estimates this house around $680,000 as of mid-February 2009, so that sounds about right as a starting point; and if you really must liquidate, allow yourself to be talked down to $600,000, and you'll be sold in a few days.
Right?
Turns out our owner priced their home at the low, low fire-sale liquidation price of $799,000.
Washoe had more brains than this.
4 bedrooms, 3 bathrooms, 2,455 sqft, 4,500-sqft lot, no MLS(r) number (FSBO)You'd think after 6 or 7 years of living there they'd know how to spell "pergola", but I digress.
Beautiful single family home on a very quiet cul-de-sac in cozy Marina neighborhood. Just steps to parks, waterfront activities, the Estuary, shopping, restaurants, transportation and more. This 2500+ square foot home has a very functional and open floor plan with 4 bedrooms and 3 full bathrooms. Slate tile flooring with coordinated carpeting in bedrooms, huge open white gourmet kitchen with stainless steel appliances and eat-in area; huge family room with fireplace, large living/dining combination room, laundry room, lower level bedroom has french door access to a very cool courtyard with custom hot-tub and redwood pergulla, lush landscaping, sprinkler systems, enormous master suite with double door entry, hi cathedral ceilings, oversized corner bathtub, two seperate oversized vanities, walk-in shower, huge walk-in closet, two generous additional "Jack and Jill" bedrooms with adjoining full bath; two car garage, two car drive way, fully wired for all home office and entertainment needs! Excellent move in condition-available immediately
If you don't venture much into the self-indulgent-over-appointed-
And what is a liquidation price (far below market value, too) for a "2500+ square foot" home (that's officially 2,455 sqft)? My first instinct would be pricing it under $300 per sqft, and because this is a FSBO and there's presumably only one agent's commission to pay, I'd throw in an extra 3% to attract buyers. Let's say $250 to start, or a total liquidation price of $615,000 or so. Famously over-optimistic Zillow estimates this house around $680,000 as of mid-February 2009, so that sounds about right as a starting point; and if you really must liquidate, allow yourself to be talked down to $600,000, and you'll be sold in a few days.Right?
Turns out our owner priced their home at the low, low fire-sale liquidation price of $799,000.
Washoe had more brains than this.
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