Results tagged “Hollister” from Knife Catchers
Yet another Bayport house was (re)listed this week. 380 Hollister Avenue has the following specs:
Finally a listing that's not afraid to describe those ugly Nazi appliances as what they are.
This property was unsuccessfully listed at the same price a few months ago (then known as MLS(r) #40398972).
3 bedrooms, 2 1/2 bathrooms, 2,361 sqft, 3,289-sqft lot, MLS(r) #40431306, $779,000 ($330 / sqft)
Over $70K in upgrades, [...] loft and MB retreat [...] many exquisite features: granite kit C/T, SS appliances, [...] m/bath marble C/T, surr sound, upgraded flooring, custom paint and shutters, beautiful yard w/ functioning gas firepit. [...]
Finally a listing that's not afraid to describe those ugly Nazi appliances as what they are.This property was unsuccessfully listed at the same price a few months ago (then known as MLS(r) #40398972).
Property History for 380 Hollister
| Date | Event | Price |
|---|---|---|
| Sep 26, 2009 | Listed | $779,000 |
| Jul 01, 2009 | Delisted | * |
| Mar 09, 2009 | Listed | * |
| Apr 21, 2005 | Sold | $785,000 |
Assuming 6% agent commission and a sale at full list price, we're looking at a $52,000 loss in nominal terms.
There's a lot of competition in the Bayport complex, notably 330 Hollister currently listed at $638,000 for about the same square footage and one extra bedroom, or 238 Hollister, last seen around $680,000 (but delisted on 9/8/09). That said, the Spring fever epidemic might not be over yet, so this house just might sell near its inflated asking price.
There's a lot of competition in the Bayport complex, notably 330 Hollister currently listed at $638,000 for about the same square footage and one extra bedroom, or 238 Hollister, last seen around $680,000 (but delisted on 9/8/09). That said, the Spring fever epidemic might not be over yet, so this house just might sell near its inflated asking price.
It might be the end of the selling season upon us forcing people to rush to list their homes, or a full moon, but it seems as though every third house in the Bayport development is for sale for less than it was purchased when it was build just three or four years ago.
Today's listing at 330 Hollister Avenue has the following specs:
At $638,000 ($288 / sqft) it's certainly priced aggressively and should be a nice comp resetter. This new price comes out to a $155,500 (20%) price drop compared to its initial sale price of $793,500 less than 4 years ago.
Add in the 6% agent commission and you're down to a yearly loss that equals what a lot of people earn in the same amount of time.
Well done.
Today's listing at 330 Hollister Avenue has the following specs:
4 bedrooms, 2 1/2 bathrooms, 2,219 sqft, ~3,500-sqft lot, MLS(r) #40428585, $638,000Close to BART should most definitely be qualified with "by Alameda standards"; if you're unfamiliar with our little town and expect BART accessibility on a par with Temescal in Oakland or the Mission in San Francisco, better look elsewhere.
Beautiful home built in 2005 [...] priced to sell! [...] highly desireable Harbor Collection Plan 4 [...] Charming master bedroom suite has walk-in closet and private upper deck with french doors. Close to BART, freeway, shopping, and more.
At $638,000 ($288 / sqft) it's certainly priced aggressively and should be a nice comp resetter. This new price comes out to a $155,500 (20%) price drop compared to its initial sale price of $793,500 less than 4 years ago.
Property History
| Date | Event | Price |
|---|---|---|
| Sep 29, 2005 | Sold | $793,500 |
Add in the 6% agent commission and you're down to a yearly loss that equals what a lot of people earn in the same amount of time.
Well done.
I harbor nothing but loathing for the (admittedly well-built) monstrosities that have flourished like kudzu out of the barren, infected soil of the west side for the past five years. They have no personality or yards (unless you count a spot to pitch your grill and a small-dog run as a yard), but they sport humongous floor plans, obscene kitchen and bathroom appointments, and price tags to match.
Thankfully, a lot of theinvestors idiots who bought into that development in the mid-2000s are losing their shirts.
This week, not one, not two, but three such monuments to housing bubbliness came on the market.
258 Bryant Avenue is by far the largest:
258 Bryant is on its way to match its neighbors' performance--even if it sells at full price, the commissions guarantee a loss for the seller.
2408 Coral Sea Street is a bit smaller, but still boasts 4 bedrooms and a "nice park close" by, which is handy to supplement the minuscule lot:
It, too, has neighbors in rather less than stellar shape:
Lastly, 238 Hollister Street, the smallest of the bunch. It "needs a new owner," evidently because the old one didn't work out too well. I wonder why a kitchen would need to be updated in a house built just 4 years ago.
Its price is also an amusing reflection of its owners' exceptional financial savvy:
One of its neighbors appeared to be having some trouble deciding what to do last October:
So much for home ownership promoting neighborhood stability.
Update 9/28/09: 2408 Coral Sea sold for $688,500.
Thankfully, a lot of the
This week, not one, not two, but three such monuments to housing bubbliness came on the market.
258 Bryant Avenue is by far the largest:
4 bedrooms, 3 1/2 bathrooms, 3,453 sqft, 5,162-sqft lot, MLS(r) #40426136, $975,000It joins a chorus of other large houses on Bryant that have appeared on the market at various points in the past year or two:
- 410 Bryant (listed at $889,000, sold for $852,000, $6,500 less than its previous sale price, not counting commissions)
- 310 Bryant (listed at $799,000 last March, still unsold as far as I can tell)
- 350 Bryant (listed at $929,000 in late 2008, sold for $805,000 last Spring, a $51,500 loss v. its previous price before commissions)
258 Bryant is on its way to match its neighbors' performance--even if it sells at full price, the commissions guarantee a loss for the seller.
Property History for 258 BRYANT Ave
Date |
Event |
Price |
|---|---|---|
Aug 24, 2009 |
Listed |
$975,000 |
Nov 16, 2005 |
Sold |
$956,000 |
~~~O~~~
2408 Coral Sea Street is a bit smaller, but still boasts 4 bedrooms and a "nice park close" by, which is handy to supplement the minuscule lot:
4 bedrooms, 2 1/2 bathrooms, 2,925 sqft, 3,760-sqft lot, MLS(r) #40426155, $737,550The funny non-round price is due to a rather checkered past:
[...] built in 2006. It sits near College of Alameda among a group of homes all recently built. Very spacious with living room, family room, large kitchen, courtyard off of dining room, laundry room, master bath suite. [...] nice park close to the house.
Property History for 2408 CORAL SEA St
Date |
Event |
Price |
|---|---|---|
Aug 24, 2009 |
Listed |
$737,550 |
Dec 01, 2006 |
Sold |
$567,000 |
Mar 23, 2006 |
Sold |
$1,002,000 |
It, too, has neighbors in rather less than stellar shape:
- 2438 Coral Sea Street tried to sell itself numerous times and finally sold last spring for $750,000, $300,000 less than its initial list price in early 2008 and $230,000 less than its previous sale price in 2006. Blam.
- 2418 Coral Sea Street did too but still hasn't sold as far as I can tell.
~~~O~~~
Lastly, 238 Hollister Street, the smallest of the bunch. It "needs a new owner," evidently because the old one didn't work out too well. I wonder why a kitchen would need to be updated in a house built just 4 years ago.
3 bedrooms, 2 1/2 bathrooms, 2,361 sqft, 3,462-sqft lot, MLS(r) #40426267, $682,605
Move in Ready [...] updated kitchen, just needs a new owner to call this place home
Its price is also an amusing reflection of its owners' exceptional financial savvy:
Property History for 238 HOLLISTER Ave
Date |
Event |
Price |
|---|---|---|
Aug 25, 2009 |
Listed |
$682,605 |
Jun 02, 2009 |
Sold |
$747,505 |
Dec 16, 2005 |
Sold |
$832,000 |
One of its neighbors appeared to be having some trouble deciding what to do last October:
- 398 Hollister Avenue tried to sell itself for $787,000, then rent itself for $3,500 / month. Unsold as of 8/30/09.
~~~O~~~
So much for home ownership promoting neighborhood stability.
Update 9/28/09: 2408 Coral Sea sold for $688,500.
I wonder if the old saw about homeowners selling and moving every 7 years is going to have to be amended after this real estate blowup is over. We're certainly seeing a lot of 2005-2006 sales coming back on the market just 2-3 years later.
Today's listing at 398 Hollister is another one of those ugly McMansions in the no-man's-land on the west side of the island. It was built and sold in 2005 and is now back on the market:
$3,500 per month likely doesn't come close to covering the mortgage and property tax:
Today's listing at 398 Hollister is another one of those ugly McMansions in the no-man's-land on the west side of the island. It was built and sold in 2005 and is now back on the market:
4 bedrooms, 2 1/2 bathrooms, 2,361 sqft, 4,127-sqft lot, MLS(r) #40375023, $787,000It looks as though the owners tried to rent it out:
Absolutely Immaculate Large Corner Lot Home! [...] Upstairs Loft/ Office Area. [...] Spacious Family Room w/Fireplace. [...] Large Kitchen w/Island and Dining Area. [...] Professional Landscaped Yard, No Rear Neighbors.
$3,500 per month likely doesn't come close to covering the mortgage and property tax:Last sale and tax info
- Sold 04/26/2005: $742,500
- 2007 Property Tax: $10,564
Assuming 10% down and a 5.5% rate, the mortage alone comes to $3,800. And assuming they get their current asking price of $787,000 (a 2% y-o-y appreciation rate, not counting the sunk costs of maintenance and tax--real estate is such a great investment) and pay out 6% in commission to the agents, they're left with $740,000, which not surprisingly is the price they need to break even. SIlly me, I thought list prices were based on thorough comparative market analyses by highly skilled real estate professionals and reflected the true value of a home, rather than "here's how much we need, add 6%, and voilà, a listing price."
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