Not paying attention--1227 Porta Ballena, Alameda, CA

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You'd think by now most people have at least heard of the financial crisis and the state of the housing market. But not everybody. Today's condo at 1227 Porta Ballena has the following specs:

3 bedrooms, 2 1/2 bathrooms, 1,645 sqft, MLS(r) #40405328

Beautiful ballena bay location, elevation resembles a duet on a quiet street . Tastefully updated with an eye for detail,[...] Vaulted ceilings, dramatic windows, spacious patio with stargzing gazebo spa. [...]
The owners of this duet-resembling unit paid close to half a million just 6 1/2 years ago (funny how $449,500 sounds a lot more threatening when you call it "close to half a million"):

Property History for 1227 PORTA BALLENA

Date
Event
Price
Apr 16, 2009
Listed
$599,500
Oct 25, 2002
Sold
$449,500
Mar 31, 1989
Sold
$255,000
And somehow, with everything that's been going on, they expect it to fetch a whole 30% more in today's market. Maybe they expect to be rewarded for their tasteful upgrades.

If this sells for anywhere near asking, I'm a monkey's auntie.

About this Entry

This page contains a single entry by L. Opine published on April 19, 2009 8:22 PM.

Gaaaaah--1594 Pacific Avenue, Alameda, CA was the previous entry in this blog.

Ever more waterfront for sale, soon is the next entry in this blog.

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