Priced to sell--330 Hollister Ave, Alameda, CA

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It might be the end of the selling season upon us forcing people to rush to list their homes, or a full moon, but it seems as though every third house in the Bayport development is for sale for less than it was purchased when it was build just three or four years ago.

Today's listing at 330 Hollister Avenue has the following specs:

4 bedrooms, 2 1/2 bathrooms, 2,219 sqft, ~3,500-sqft lot, MLS(r) #40428585, $638,000

Beautiful home built in 2005 [...] priced to sell! [...] highly desireable Harbor Collection Plan 4 [...] Charming master bedroom suite has walk-in closet and private upper deck with french doors. Close to BART, freeway, shopping, and more.
Close to BART should most definitely be qualified with "by Alameda standards"; if you're unfamiliar with our little town and expect BART accessibility on a par with Temescal in Oakland or the Mission in San Francisco, better look elsewhere.

At $638,000 ($288 / sqft) it's certainly priced aggressively and should be a nice comp resetter. This new price comes out to a $155,500 (20%) price drop compared to its initial sale price of $793,500 less than 4 years ago.

Property History

Date Event Price
Sep 29, 2005 Sold $793,500

Add in the 6% agent commission and you're down to a yearly loss that equals what a lot of people earn in the same amount of time.

Well done.

About this Entry

This page contains a single entry by L. Opine published on September 9, 2009 10:36 PM.

Charming--1610 High Street, Alameda, CA was the previous entry in this blog.

Strictly as-is--1528 Pacific Avenue, Alameda, CA is the next entry in this blog.

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