Location1 location1 location--2619 Edison Court, Alameda, CA
A short post to start the week. 2619 Edison Court just came on the market today with the following specs:
What's the price tag on this lovely, sub-1,000-sqft 2-bedroom bundle of joy?
Only $710,000, or a mere $720 / sqft, which is more than twice the going rate for 94501 these days. Sure, some prestigious school is a block away, which might please neurologically deficient parents enough to plunk down two Ivy League college educations in excess of what they should be paying for the privilege of driving their Dodge Caravan only one block to take their rugrats to Edison Elementary. But even accounting for the Edison School premium, this property is overpriced by at least one small condo's worth.
You might think this insanity might be due to an inexperienced agent working with demented sellers, but agent Alice Garvin has been working in the industry since 1971 (which explains the all-caps listing). With that kind of longevity it's only fair to assume she's not completely incompetent to the point of pricing a property at twice the market rate. That leaves us with the demented seller option, which includes the common we-liberated-equity-so-we-need-to-sell-for-a-lot subclass.
This one will be interesting to watch.
2 bedrooms, 1 bathroom, 986 sqft, 3,528-sqft lot, MLS(r) #40430318It looks quiet all right, what with a schoolyard less than a block away.
LOCATION1 LOCATION1 LOCATION. [...] BUNGALOW ON QUIET CUL DE SAC
What's the price tag on this lovely, sub-1,000-sqft 2-bedroom bundle of joy?
Only $710,000, or a mere $720 / sqft, which is more than twice the going rate for 94501 these days. Sure, some prestigious school is a block away, which might please neurologically deficient parents enough to plunk down two Ivy League college educations in excess of what they should be paying for the privilege of driving their Dodge Caravan only one block to take their rugrats to Edison Elementary. But even accounting for the Edison School premium, this property is overpriced by at least one small condo's worth.
You might think this insanity might be due to an inexperienced agent working with demented sellers, but agent Alice Garvin has been working in the industry since 1971 (which explains the all-caps listing). With that kind of longevity it's only fair to assume she's not completely incompetent to the point of pricing a property at twice the market rate. That leaves us with the demented seller option, which includes the common we-liberated-equity-so-we-need-to-sell-for-a-lot subclass.
Property History for 2619 EDISON Ct
| Date | Event | Price |
|---|---|---|
| Sep 20, 2009 | Listed | $710,000 |
| May 15, 2007 | Sold | $600,000 |
| Aug 03, 2000 | Sold | $350,500 |
This one will be interesting to watch.
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