Incredible opportunity--3260 Briggs Ave, Alameda, CA

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3260 Briggs Avenue recently came on the market with the following specs:

3 bedrooms, 1 bathroom, 1,221 sqft, 10,150-sqft lot(!), MLS(r) #40434872, $725,000 ($594 / sqft)

Incredible opportunity property. Three bedroom, 1 bath crafstman [...] Needs work, but great location and huge yard. Contact the city to get details on subdividing the lot to build another residential building on it.


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The extra-large lot is obviously the justification for the excessive, almost $600-per-sqft asking price. The last recorded sale was over 30 years ago, so one would hope this house is paid off and the sellers can drop their price closer to where it belongs.

Last sale and tax info

Sold 12/01/1976: $57,000
2009 Property Tax: $2,072

Update 10/25/09: The MLS(r) photos suggest this place needs not just "work" but a complete redo inside.

Update 12/6/09: Dropped to $649,000 in mid November.

Update 3/2/10: Sold for $595,000 on 12/28, an 18% drop from the original asking price.

About this Entry

This page contains a single entry by L. Opine published on October 21, 2009 9:57 PM.

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