Repeat offenders: December 2008 Archives
1312 Mound Street is back, again, as MLS(r) #40386231, listed at $460,000.
Because I suspect we're going to start seeing a lot more of these lists-relists-REO-foreclosure-flips, I'm inaugurating a new category, the "repeat offenders."
Great east end location. [...] Large living room with hardwood floor. Formal dining room. Fireplace. [...] Property is now ready to show & sell.Note the last sentence, which (unwittingly?) implies the last go-round wasn't exactly a good listing.
Because I suspect we're going to start seeing a lot more of these lists-relists-REO-foreclosure-flips, I'm inaugurating a new category, the "repeat offenders."
Today's coming-soon Craigslist post is about a condo in 94502 that we may have seen before.
I'm not convinced this unit is the same as last September's listing, mostly because...
That said, it's not hard to find what looks like a pre-foreclosure notice on one of the units and a previous sale price that's very close to this listing's current list price.
It's also easy to wonder why any buyer would willingly trust a real estate professional to represent their best interest during a transaction in which they have a built-in conflict of interest, when they can't seem to represent their own best interest (if indeed Donnaluci is the owner of the property affected by the pre-foreclosure notice and the inflated prior transaction price).
To her credit (I suppose), Donnaluci does seem to want a career change:
$468000 Luxury Harbor Bay 1,520 sq.ft. (alameda) (map)
Reply to: see below
Date: 2008-12-12, 9:25PM PST
Coming Soon For Sale by Owner/Agent. On Beautiful Harbor Bay. Community pool and sauna. Fantastic bike/walking trails on the Bay in Alameda. Near the Ferry (To San Francisco), Two large bedrooms, two full bathrooms, Master suite has two closets, private bath, balcony. Large living room w/vaulted ceiling. Open floor plan with formal dining room. Attractive wood floors in entry, kitchen and formal dining room. Interior laundry area, attached garage with inside access. Priced thousands below comparable sold next door. Approximately 1,520 sq.ft. Phone Donnaluci 510.207.2378 --- $468,000.
108 parfait lane at sheffield
I'm not convinced this unit is the same as last September's listing, mostly because...
- the buildings in that area look considerably larger than 1,520 sqft (i.e. the street number likely matches multiple units):
- the current price is so much less than the other listing's was;
- this unit is being represented by its owner (I can't imagine why an agent/owner wouldn't represent it the first time around--it's not as if real estate agents are particularly busy these days);
- various places on the Web suggest there are at least two units at 108 Parfait Lane, with different unit numbers (#36E, #378)
That said, it's not hard to find what looks like a pre-foreclosure notice on one of the units and a previous sale price that's very close to this listing's current list price.
It's also easy to wonder why any buyer would willingly trust a real estate professional to represent their best interest during a transaction in which they have a built-in conflict of interest, when they can't seem to represent their own best interest (if indeed Donnaluci is the owner of the property affected by the pre-foreclosure notice and the inflated prior transaction price).
To her credit (I suppose), Donnaluci does seem to want a career change:
donnaluci says:Hello, I've just joined the AARP and would like to say hello. Michigan, Automobiles, buyouts? Wow, are you glad that you've retired before all of this started? I am in my 20th year of Real Estate and am looking to reinvent myself.Posted: December 6, 2008 12:39AM EST
(yes, we have no bananas privacy, especially folks endowed with fairly unique names)
Please make it stop.
Just as its failed cousin at 2318 Pacific , 2324 "Possibilities for the Sophisticated Urbanite" Pacific is now back on the market. For $638,000, or $228,000 more than its last known sale price (which was suspiciously low, soperhaps it was a non-arms-length dealio or a repo? it was a regular sale, just in bad shape with lots of repairs needed, including foundation--thanks Ms. Dimacali for the correction).
It's currently known as MLS(r) #40384680:
or #40384685:
For some reason, the description reminds me of Manuel from Fawlty Towers.
Update 12/13/08: No comment--
The upside is that all the car dealers at the end of the block have decamped permanently, so the stigma of the Alameda auto row is somewhat diminished.
Just as its failed cousin at 2318 Pacific , 2324 "Possibilities for the Sophisticated Urbanite" Pacific is now back on the market. For $638,000, or $228,000 more than its last known sale price (which was suspiciously low, so
It's currently known as MLS(r) #40384680:
[...] NEW REMODEL.Legal Duplex!Seperate door.Great for small family to live on 1 floor and rent out 1 floor to help payment.[...] Lot size 4146 sf per Pre-lim.C-M zoning(buyer to check with City)
or #40384685:
[...] NEW REMODEL.Easy to rent out,produce good income.Great for investor to live in 1 unit and rent out 2nd unit.[...] Seller give 2 new refrigerator(Seller's choice) at closing
For some reason, the description reminds me of Manuel from Fawlty Towers.
Update 12/13/08: No comment--
Update 3/11/09: This property dropped its price twice while I wasn't paying attention. This has got to be one of the droppingest addresses in all of Alameda when you combine its multiple listings in the past 2-3 years.Great Investment Two Lots + Two Houses Pacific/Park St! Open Sunday (alameda) (map)
Reply to: see below
Date: 2008-12-13, 10:18AM PST
This is a great commercial/residential investment.
Two seperate lots (11000 sqft) + (4000sqft) combined both lots = 15000sqft
can build !!
Two seperate houses (large 4 bedroom) + (Duplex 2 and 3 bedroom)
open sunday 1-5
510-575-6099
$638,000 to $598,000 on 02/07/09This property sold for $410,000 last August. It's now listed for $128,000 more (down from $228,000 last December). Because there's only so much renovation you can do in less than 4 months, and because I suspect the flipper contractor owner probably cheaped out on everything and saved a bunch by calling in favors and/or doing the work themselves, let's say the "improvements" cost $30K. Subtract 6% for commissions and we're still looking at a $50,000-$60,000 profit. I don't think so.
$598,000 to $538,000 on 03/04/09
The upside is that all the car dealers at the end of the block have decamped permanently, so the stigma of the Alameda auto row is somewhat diminished.
