Stonehenge part III--1547 B Santa Clara Ave, Alameda, CA

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I don't know what about Stonehenge makes people pay too much and regret it with such alarming regularity. A third unit, 1547 B Santa Clara, just hit the market, for too much money, and just two years after its prior sale. The specs:

2 bedrooms,1 bathroom (2 per MLS(r)), 1,325 sqft, 2,880-sqft lot, MLS(r) #40425692, $598,000 ($451 / sqft)

ENCHANTING "Storybook" home. [...] Hardwood floors, stone fireplace, period lighting, built-in cabinetry, "cook's kitchen???-stainless appliances, marble trim, leaded glass. GLORIOUS fountains, ponds & garden views [...]

1547-santa-clara-stonehenge.jpg
This unit was bought at the very top of the market, in late July 2007:

Last sale and tax info

Sold 07/31/2007: $630,000
2009 Property Tax: $8,056
At $451 / sqft it needs to drop quite a bit to make any kind of sense.

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This page contains a single entry by L. Opine published on August 21, 2009 11:39 PM.

Fun with numbers was the previous entry in this blog.

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