Beautifully landscaped--2066 Eagle Avenue, Alameda, CA
By popular demand, here's a little something about 2066 Eagle, which just came on the market. Reader Sue pointed out some moving-out activity a few weeks back and suspected it was coming on the market, and sure enough, here it is. Here are the specs:
In case you were wondering, $699,000 for 1,406 sqft works out to about $497 / sqft, which is about 30% overpriced. I'm getting a bit peeved that I have to do the agent's comparative market analysis all the time, but here goes:
It doesn't, that's how.
Of course, it's possible that $699,000 is the minimum price the owners need to pay back HELOC-fueled landscaping and electrical upgrades. I don't know--I'm just trying to find a rationale for this craziness. If they haven't gone wild "liberating equity" they should be able to sell without owing the bank anything, given:
We shall see. Zip Realty's interest indicator is very high for this property, but I suspect it's probably a combination of resurgent real estate mania and swine flu. There's no way this is selling for the list price.
Update 9/5/09: Dropped to $670,000, then to $649,500.
3 bedrooms, 1 1/2 bathrooms, 1,406 sqft, 3,910-sqft lot, MLS(r) #40406852, $699,000
Pride of ownership throughout! Architectural details in Formal Living & Dining Rooms, Hardwood Floors, Beautifully landscaped corner lot, Electrical upgrades. Interior Photos April 25th. Open House May 3, 2 - 4:30
(reader-provided photo. Thanks!)
In case you were wondering, $699,000 for 1,406 sqft works out to about $497 / sqft, which is about 30% overpriced. I'm getting a bit peeved that I have to do the agent's comparative market analysis all the time, but here goes:
- Alfresco bungalow a block away, corner lot, essentially the same size house (but smaller lot), priced $200,000 less
- Bungalow Boulevard beauty in the premium East End, 3230 Sterling, priced at $525,000
- Another Bungalow Boulevard beauty, 3240 Sterling, sold in the low $500s
- Two larger bungalows on Fairview and Pearl were duking it out in the high $500s last year
- The poor (smaller) REO at 2170 Pacific is still sitting around unsold at $460,000
It doesn't, that's how.
Of course, it's possible that $699,000 is the minimum price the owners need to pay back HELOC-fueled landscaping and electrical upgrades. I don't know--I'm just trying to find a rationale for this craziness. If they haven't gone wild "liberating equity" they should be able to sell without owing the bank anything, given:
Property History for 2066 EAGLE Ave
Date Event Price Apr 25, 2009 Listed $699,000 Jun 29, 2001 Sold $400,000 Jun 13, 2000 Sold $290,000
We shall see. Zip Realty's interest indicator is very high for this property, but I suspect it's probably a combination of resurgent real estate mania and swine flu. There's no way this is selling for the list price.
Update 9/5/09: Dropped to $670,000, then to $649,500.
Miscellaneous