Bungalow bonanza

This week has been a real treat for non-Victorian aficionados. Here's a quick rundown (no pun intended):

$549,000 2822 Central Ave
2 bedrooms, 1 bathroom, 1196 sqft, 3,500-sqft lot, MLS(r) #40408457 $459 / sqft

Charming craftsman cottage [...] Cozy 2 bdrm,1 Ba located on one level, close to great schools, parks and transportation. Hardwood floors, new interior paint 2009, built in shelves & plate rack in dining Rm. Updated foundation

Nice enough, if boring. Price should come down a bit (small lot, only 1 bath) but probably won't need to.

$395,000 1213 Eagle Ave
2 bedrooms, 1 bathroom, 909 sqft, 3,500-sqft lot, MLS(r) #40408375 $434 / sqft
[...] clean and neat. Back room includes laundry and could make a great office. Full basement has a lot of potential for projects. Nice clean yard [...]

There are also two giant warehouses half a block away. Handy, no? Shouldn't stand a chance at $434 / sqft, but buying fever is back, so it'll probably sell for close to asking.

$530,000 2525 Webb Ave
3 bedrooms, 2 bathrooms, 1401 sqft, 4,400-sqft lot, MLS(r) #40408233 $378 / sqft
Great location, large backyard. Lots of potential.

They forgot to say "Needs work." Sellers are probably trying to save their shirts. I'm not sure I'd want to live  in a place whole interior looks like this for 6 years.

Date	Event	Price
May 04, 2009	Listed	$530,000
Jul 23, 2003	Sold	$468,000
May 12, 1999	Sold	$250,000
Jun 05, 1992	Sold	$170,000

$685,000 2616 Buena Vista Ave
1,850 sqft, 7,000-sqft lot, MLS(r) #40408055 $370 / sqft
Dynamite Duplex in Fabulous Fernside! Classic A&C bungalow in front: unpainted wood details. Frplc, built-ins, hrdwd floors. Eat-in kitchen w/nu stove. Sunny 2/1 back unit has own small garden. [...] Close to Edison School, shops, transit!

Is 2616 Buena Vista really Femside? Lovely inside. Should sell quickly.  Sellers should also have some wiggle room on the price:

Date	Event	Price
May 03, 2009	Listed	$685,000
Feb 28, 1997	Sold	$259,000

$320,000 2418 Marti Rae Court
1 bedrooms, 1 bathroom, 798 sqft, 2,200-sqft lot, MLS(r) #40408315 $400 / sqft
Absolute best urban, island location for this 1 bedroom, 1 bath cottage. Short walk to the heart of Alameda's shops, cafes, restaurants, new movie house, commuter bus and more! Hardwood floors, updated kitchen & lighting, washer/dryer, fireplace and lovely details in this historic cottage.

Listing of the week. I'm not sure "Absolute best urban, island location" is even allowed by NAR rules. What I am sure of is that it's a completely ridiculous statement, unless you can't imagine living more than a block away from a KFC, a gas station, a Jack In The Box, a roach motel, a fire house, and a rock bar (hotel one block north-east).


The location and the street's trailer trash name ("Marti Rae"?) seem to attract savvy buyers:

Date	Event	Price
May 05, 2009	Listed	$320,000
Jun 25, 2004	Sold	$419,000
Mar 06, 2001	Sold	$245,000
Jun 10, 1998	Sold	$137,000
Oct 16, 1989	Sold	$132,500
Dec 16, 1988	Sold	$115,000

Note the negative real appreciation through the 1990s we saw before. This thing has no business being more than $150,000.

Update 9/29/09: Some idiot bought this for $340,000.