Lots of cabinets--310 Bryant Avenue, Alameda, CA
A side effect of completing a sold-out housing development at the top of a housing bubble is that, when the market turns sour, an entire subdivision is underwater all at once. This week's McMansionette at 310 Bryant Ave has the following specs:
4 bedrooms, 2 1/2 bathrooms, 2,925 sqft, 4,013-sqft lot, MLS(r) #40400068, $799,000The sale history might be a lesson for future buyers:
Master developmnt [...] W/ Newer elementary Sch. Spacious Private sunny courtyard & backyard w/ morning & afternoon sun. [...] Extra large master suite. [...] Formal dining rm w/ spacious kitchen & lots of cabinets. Big family Rm. Anderson window.
But we know all too well home buyers aren't exactly the most prudent type, so somebody will probably think this is a great bargain at $273 / sqft and buy it near list price in the worst down market in US history. Oh well.
Property History for 310 BRYANT Ave
Date Event Price Mar 14, 2009 Listed $799,000 Aug 19, 2005 Sold $861,000