A must see!--2117 Encinal Ave, Alameda, CA
While we're on the topic of successful real estate investments, the little big Victorian at 2117 Encinal comes to mind.
The address sounded mighty familiar, and sure enough a little poking around reveals a tumultuous and recent history:
So we know this house was on the market at some point in 2008 for $1,000 over its previous sale price in 2004. If the basement is fully built-out, I'd guess it's on the order of 2,200-2,500 sqft based on many similar high-basement Victorians I've seen, and so at just under $580,000 this property is now priced around $230-$265 / sqft, which means it'll likely sell quickly, especially if the inside is in good shape. Looks like the banks are finally getting it.
Update: After a little more checking, I found this house is 2,400 sqft (not bad for an armchair guesstimate) and the inside was "completely renovated," including a foundation job. This one won't last long, in spite of its small lot and its location on a busy (but not awful) stretch of Encinal.
5* bedrooms, 3 bathrooms, 3,500-sqft lot, MLS(r) #40405054, $579,900
* or 4, depending on where you look
Bank owned Victorian with lots of upgrades. Property [...] including a large master suite on a main level. Full basement [...] 3 bedrooms and 1 bath. A must see!
The address sounded mighty familiar, and sure enough a little poking around reveals a tumultuous and recent history:Ah, the fabled MLS rules, as truthful as Правда, as transparent as Гла́сность, as friendly as a Стул ведьмы. But thankfully we have them internets to help us out. It's not perfect, but it's something:Property History for 2117 Encinal
Date Event Price Apr 15, 2009 Listed $579,900 Aug 30, 2008 Off Redfin * Jul 22, 2008 Price Changed * Jun 14, 2008 Listed * Jun 14, 2008 Off Redfin * Mar 14, 2008 Listed * Jan 12, 2004 Sold $648,000 Jun 12, 2002 Sold $340,000
*Per MLS rules, we cannot display prices from inactive listings.
So we know this house was on the market at some point in 2008 for $1,000 over its previous sale price in 2004. If the basement is fully built-out, I'd guess it's on the order of 2,200-2,500 sqft based on many similar high-basement Victorians I've seen, and so at just under $580,000 this property is now priced around $230-$265 / sqft, which means it'll likely sell quickly, especially if the inside is in good shape. Looks like the banks are finally getting it.Update: After a little more checking, I found this house is 2,400 sqft (not bad for an armchair guesstimate) and the inside was "completely renovated," including a foundation job. This one won't last long, in spite of its small lot and its location on a busy (but not awful) stretch of Encinal.
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