Pounded--3230 Sterling Ave, Alameda, CA
Remember last year when it seemed as if all of "Bungalow Boulevard" (Sterling Ave) was for sale and/or being foreclosed on? It's not quite done yet! A new short sale at 3230 Sterling Ave just showed up. The specs:
HELOC gone bad mystery.
For posterity's sake, here's a list of the fallen:
3240 Sterling Ave, the harbinger
3259 Sterling Ave, the one that got away
3247 Sterling Ave, the bigger loss leader
Note if this sells at $525,000, the morons who bought 3259 Sterling for $570,000 last year will be very pleased to have a new comp to help with their investment; this one is 150 sqft larger and has one more bedroom.
Update 3/11/09: Forget about selling at $525,000. The price dropped to $459,000 earlier this month. Another nail in the coffin of 3259 Sterling's equity.
3 bedrooms, 1 bathroom, 1,221 sqft, 3,422-sqft lot, MLS(r) #40394300, $525,000I couldn't find a sale history on Zillow, so why this is a short sale (i.e. the owners owe more than $525,000 on it) is a
Charming [...] many architectural details [...] built-ins and gum wood trim.
For posterity's sake, here's a list of the fallen:
3240 Sterling Ave, the harbinger
3259 Sterling Ave, the one that got away
3247 Sterling Ave, the bigger loss leader
Note if this sells at $525,000, the morons who bought 3259 Sterling for $570,000 last year will be very pleased to have a new comp to help with their investment; this one is 150 sqft larger and has one more bedroom.
Update 3/11/09: Forget about selling at $525,000. The price dropped to $459,000 earlier this month. Another nail in the coffin of 3259 Sterling's equity.
Miscellaneous