Feels like home--2512 Calhoun Street, Alameda, CA
Various folks are predicting a spike in inventory in the last quarter of this year, and while I have no evidence today's property at 2512 Calhoun St is a distress sale, the sale history certainly doesn't suggest a happy transaction. Not to mention the fact it tried to sell itself last year to no avail. First the specs for the current listing:
This property is now listed for $679,000 ($408 / sqft), which is too high and has no chance in hell of ever making sense as an investment property the way rents are going. It's a tad less than it was last December ($699,000 then), but still nowhere near where it needs to be. But it certainly makes more sense than the price the owners paid just three years ago:
Welcome back, little duplex. Maybe this fall season will be kinder to you than last year's.
Duplex, 5 bedrooms (3+2), 3 bathrooms, 1,665 sqft, MLS(r) #40430973, $679,000
[...] ideal for owner-occupancy with a great rental unit downstairs! Gleaming hardwood floors, granite counters, fresh paint inside & out. [...] On Demand water heater for efficiency! Brand new landscaping with sprinkler system. Feels like home, must see to appreciate!
This property is now listed for $679,000 ($408 / sqft), which is too high and has no chance in hell of ever making sense as an investment property the way rents are going. It's a tad less than it was last December ($699,000 then), but still nowhere near where it needs to be. But it certainly makes more sense than the price the owners paid just three years ago:Property History for 2512 CALHOUN St
| Date | Event | Price |
|---|---|---|
| Sep 24, 2009 | Listed | $679,000 |
| Dec 02, 2008 | Delisted | * |
| Jun 30, 2008 | Listed | * |
| Oct 17, 2006 | Sold | $770,000 |
Welcome back, little duplex. Maybe this fall season will be kinder to you than last year's.
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