Results tagged “Oak” from Knife Catchers
There's been a fair amount of activity lately, what with the renewal of the irresponsible tax credit and idiot agents cheering for the second coming. Here's a messy summary of interesting happenings in our little town.
A glance at Zip Realty will indicate the market is still littered with listings in various stages of foreclosures, and the market appears to be poised for a second wild ride starting early next year with tens of billions of dollars in bad loans coming home to roost (notice the inverse shape of the graph below and the Case-Shiller home price index):
Yes, I did use the word "idiot" an inordinate number of times in this post.
- 452 Santa Clara: here's a bank that's not messing around. 31 photos, nice property, 2,800+sqft Victorian fourplex, REO, listed super aggressively for $400,000. It'll be gone for way over asking in just a few days.
- 2267 Clinton is back, yet again, with a puny price drop (now down to $1,369,000). The idiot perma-sellers will never get their asking price and are wasting everybody's time. Remember this is the listing that claimed rents were rising just a year ago in spite of a mountain of evidence to the contrary.
- 3246 Liberty is a very pretty, large bungalow in a part of town that has people go ga-ga and overpay on a regular basis. This is one of the larger houses on that block, and it's priced comparably to what smaller bungalows were listed for this year ($599,000). Still too much, but some idiot buyer will probably pay that much.
- 1312 San Antonio is an expensive Tudor on a tiny lot in an excellent Gold Coast location. A short sale at $819,000 (previous transaction $869,000 in late 2005), it's unlikely to sell for over $800,000.
- A cute little Victorian 891 Oak Street just dropped its price from $575,000 to $475,000 in one fell swoop after remaining unsold for over a year. It's now a short sale.
- The unsellable duplex at 1626 Alameda Avenue dropped its price by a whole $1,000, to $942,000. Lovely price history:
03/24/09 -- $1,145,000 to $1,095,000
05/12/09 -- $1,095,000 to $1,049,000
06/23/09 -- $1,049,000 to $999,000
07/23/09 -- $999,000 to $950,000
08/25/09 -- $950,000 to $945,000
09/21/09 -- $945,000 to $943,000
10/25/09 -- $943,000 to $942,000
- 1304 Morton is finally pending! What price did the stubborn kitchen-pimping sellers accept? We shall see.
A glance at Zip Realty will indicate the market is still littered with listings in various stages of foreclosures, and the market appears to be poised for a second wild ride starting early next year with tens of billions of dollars in bad loans coming home to roost (notice the inverse shape of the graph below and the Case-Shiller home price index):
(source: Doctor Housing Bubble)
Yes, I did use the word "idiot" an inordinate number of times in this post.
The most recent Case-Shiller data for May '09 was widely misreported as showing the first increase in home prices in ages (see Calculated Risk's writeup about why the reports are erroneously focusing on the non-seasonally-adjusted numbers), and I suppose that inspired some folks to price their tiny handkerchiefs like it's 2006. Today's mini-home at 1619 Oak Street has the following specs:
$493 / sqft for a minuscule 3-bedroom bungalow with nothing to recommend it on the outside (or on the inside; it looks like a cheap early 1990s condo redo inside, complete with rental-grade carpet and bottom-of-the-line kitchen)? Where do I sign?
Update 11/29/09: Down to $370,000.
3 bedrooms, 1 bathroom, 883 sqft, 2,448-sqft lot, $435,000 ($493 / sqft)
Cozy 3 bedroom 1 bath home blocks from Alameda's downtown Park Street. This home features an updated kitchen, new roof (6/09) and new carpet & kitchen flooring (7/09). Enjoy its convenient location and take a stroll to shopping, restaurants, library and theater.
www.1619oak.com
For more information on this house or for information on similar homes in Alameda give me a call at 510.205.1781.
$493 / sqft for a minuscule 3-bedroom bungalow with nothing to recommend it on the outside (or on the inside; it looks like a cheap early 1990s condo redo inside, complete with rental-grade carpet and bottom-of-the-line kitchen)? Where do I sign?Update 11/29/09: Down to $370,000.
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