Loss leaders: December 2007 Archives
Today's fun Craigslist post:
It always amuses me when listings for homes in Alameda mention how close to schools, parks, libraries, shopping and restaurants they are--EVERYTHING is close to schools, parks, libraries, shopping and restaurants! The island is just a few miles across. Must be for the big wave of out-of-towners rushing out to buy vacation homes outside of the city.
New pain is right--public records show:
The listing looks like a FSBO. The seller has to sell without an agent's commission if s/he's going to come close to breaking even--s/he has $710,000 + about $20,000 in property tax + new pain, crown modling and refinished floors, none of which is free.
The outlook is grim.
Update 1/12/2008, new craigslist post (my emphasis):
If it's such a great investment (mentioned 4 times), how come the seller is in short sale?
Update 1/16/08, aka the torture never stops. Old listing is back on craigslist at its original price, $749,000.
Update 1/22/08: price dropped to $649K, and we are told "Lenders are very close to approval." (for the short sale?)
Update 9/1/08: "Sold" (back to the bank is my guess) for $503,000 and change.
1520 Walnut Street AlamedaI guess the police station is an amenity in violent central Alameda.
Well maintained duplex in the heart of Alameda. 2bed/ 1bath. Large lot 9400Sq.Ft.approx. New pain, crown modling. Refinished hardwood floors. Near schools, parks, libraries, police, restaurant, shops, transportation and many other amenities.
$749.000
If you are interested in buying this nice house, please call Trung at 510.289.5559.(English/ Vietnamese)
It always amuses me when listings for homes in Alameda mention how close to schools, parks, libraries, shopping and restaurants they are--EVERYTHING is close to schools, parks, libraries, shopping and restaurants! The island is just a few miles across. Must be for the big wave of out-of-towners rushing out to buy vacation homes outside of the city.
New pain is right--public records show:
- Sold 03/16/2005: $710,000
- 2007 Property Tax: $9,118
The listing looks like a FSBO. The seller has to sell without an agent's commission if s/he's going to come close to breaking even--s/he has $710,000 + about $20,000 in property tax + new pain, crown modling and refinished floors, none of which is free.
The outlook is grim.
Update 1/12/2008, new craigslist post (my emphasis):
Great investment opportunity. Great time to get your hands on an excellent investment in ALameda.
Near all amenities. NEW Library, Alameda HIGh School.
Great investment opportunity to own a well maintained duplex in the heart of Alameda. The duplex feels private and is comfortable year round. The back yard have room to build an addition and possibly more units! Live in one and collect rent from the other. Too much potential, now you have a chance to own this great investment!
Great to live in one and rent the other to help pay mortgage.
$699K Short sale! First come-first serve
2 bed 1 bath/ $1400/each unit
Large lot approx. 9400Ft2
Park like setting
Private units
New paint, crown moldings
Refinished hardwood floors
Bright and comfortable
call Trung Bui
EZ Loan Realty
If it's such a great investment (mentioned 4 times), how come the seller is in short sale?
Update 1/16/08, aka the torture never stops. Old listing is back on craigslist at its original price, $749,000.
Update 1/22/08: price dropped to $649K, and we are told "Lenders are very close to approval." (for the short sale?)
TWo for the price of one. A typical nice condition home in Alameda costs around $650,000.---NOW YOU GET 2 units.!Update 1/27/08: $648K or $649K. I guess you're supposed to pick one.
Update 9/1/08: "Sold" (back to the bank is my guess) for $503,000 and change.
Last sale and tax info
- Sold 07/24/2008: $503,847 * * Transaction not included in Zestimate.
- 2007 Property Tax: $9,246
Miscellaneous