Charming--764 Eagle Avenue, Alameda, CA
You'd think some folks may have noticed that the days of paying $450 / sqft and up for little houses in substandard locations are, erm, over.
But apparently not. This week's little bungalow at 764 Eagle has the following specs:
Update 1/10/10: Sold for $460,000 on 11/25/09.
But apparently not. This week's little bungalow at 764 Eagle has the following specs:
2 bedrooms, 1 bathroom, 1,051 sqft, 5,880-sqft lot, MLS(r) #40427485, $469,500 ($447 / sqft)Paying that much for only one bathroom on just 1,051 sqft in that high-traffic, not particularly picturesque location is idiotic. Of course some arithmetically-challenged first-time home buyer eager to spend way too much for 30 years for the privilege of saving a few thousand dollars on their taxes next year will probably pay "snap it up" at full price--after all, this house has a history of fostering bad decisions on its owners:
[...] Spacious Kitchen. Large yard Bright & Sunny Charming Brick Fireplace with beautiful wood. Walk to [...] Webster Street Shops and Restrauants or Marina Village.
You read right--this little bungalow fetched $566 / sqft just 3 1/2 years ago. It is now for sale for 21% less, and still arguably overpriced by another 30%.Last sale and tax info
- Sold 01/10/2006: $595,000
- 2009 Property Tax: $7,092
Update 1/10/10: Sold for $460,000 on 11/25/09.
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