Exceptional price--318 Lina Avenue, Alameda, CA

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Today's new Bayport McMansion is a fine, fine example of what not to do during an asset bubble. 318 Lina Avenue has the following specs:

4 bedrooms, 3 bathrooms, 3,150 sqft, 3,840-sqft lot, MLS(r) #40435548, $825,000 (plus $119 / mo HOA dues)
Exceptional price for this stunning Malpeque model at Bayport. Highly upgraded w/ onyx and wood flooring, Thermador S/S appliances, maple cabinetry throughout, [...] surround sound and so much more. ..


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The sale history speaks for itself:

Property History for 318 LINA Ave

Date Event Price
Oct 23, 2009 Listed $825,000
Dec 20, 2006 Sold $1,136,000

That's 27% off the initial price. Not bad.

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This page contains a single entry by L. Opine published on October 25, 2009 2:52 PM.

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