Strictly as-is--1528 Pacific Avenue, Alameda, CA
Another lovely example of home-buying savvy came on the market this week. The medium-sized bungalow at 1528 Pacific Avenue (right next door to perennially unsold 1526 Pacific) has the following medium-sized specs:
Interestingly, if you want to buy this house, you're locked into a mortgage with a Wells Fargo affiliate (or an all-cash transaction, I suppose, although those are considerably less profitable when the seller writes the loan). It makes sense for Wells Fargo to try to wring as much revenue out of the sale if they wrote the note that was used to purchase this little house the last time around:
What kind of an idiot pays $597,000 for a 1,018-sqft 2-bedroom bungalow in an average neighborhood?
2 bedrooms, 1 bathroom, 1,018 sqft, ~4,400-sqft lot, MLS(r) #40429842, $422,500 ($415 / sqft)
Old Alameda charm. Newer eat in kitchen with solid surface counters. Large master bath. Newer roof. Full basement for extra storage, work shop. [...] To be sold strictly as is. Buyer must provide a loan approval from Wells Fargo or subsidiaries.
Interestingly, if you want to buy this house, you're locked into a mortgage with a Wells Fargo affiliate (or an all-cash transaction, I suppose, although those are considerably less profitable when the seller writes the loan). It makes sense for Wells Fargo to try to wring as much revenue out of the sale if they wrote the note that was used to purchase this little house the last time around:Property History for 1528 PACIFIC Ave
Date |
Event |
Price |
|---|---|---|
Sep 17, 2009 |
Listed |
$422,500 |
Jun 15, 2009 |
Sold |
$499,900 |
Jun 08, 2006 |
Sold |
$597,000 |
Sep 17, 1999 |
Sold |
$231,000 |
What kind of an idiot pays $597,000 for a 1,018-sqft 2-bedroom bungalow in an average neighborhood?
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