November 1, 2012

Elegant Dark Engineered wood floors in Alameda

It’s a new month, Spring Bounce is just around the corner, and the Real Bay Area continues to be awesome sauce.  But what about those outside the Zone of Ever-Climbing Real Estate Values? Let’s check in with Burbed reader J from Alameda, who found something in the treat bag for us.

121031-court-movoto1315 Court St
Alameda, CA 94501
$970,000

Loan Payment:  $3,377/mo
Bedrooms:  4
Bathrooms:  4&1/2
Size:  3,193 sqft
$/Sqft:  $303/sqft
Type:  Single Family House
Year Built:  1905
Lot Size:  4,000
Days on Movoto:  14 days
MLS#:  40593343
Status:  Active

Beautiful Remodel. New Kitchen with Granite and SS appliance. Shining New Bathrooms remodeled w/ Marble. Elegant Dark Engineered wood floors. New Plush Carpet. New Paint Inside & Out. New Roof. All make this property shine. Open House Sat 1-4

121031-court-kitchenGood news! We’d hoped a house that’s 107 years old would have at least one appliance eligible for Social Security.  Better buy it quick before Congress decides to implement Dishwasher Death Panels.  We hope the paneling will match the engineered floors.

Here’s what J thought about this property:

Here is a question to ponder: investor buys house. Puts some money into it. Then ups the price – was it $400,000? No, more. Be that as it may, for that huge profit, do you think they could hire a real photographer? One with a clean lens (photo 9)? Who can take a bathroom photo without appearing in it (photo 10)? This is in a lovely neighborhood but I predict it will sit. Something about that 3,000+ sf house on a 4,000 sf lot does not bode well.

121031-court-lens121031-court-mirror

It looks like its raining in photo 9.

It’s raining instant equity!  Bunus: Buy this house for almost a million dollars and you get to choose whatever washer and dryer you want!  That’s right, hookups only.  Super Bunus: Zillow sez: “This home is done! Just move in your belongings!”  Laundry appliances are belongings, too.

Comments (8) -- Posted by: madhaus @ 5:01 am

8 Responses to “Elegant Dark Engineered wood floors in Alameda”

  1. hikelife Says:

    Just one word – “Unbelievable” – http://www.redfin.com/CA/Sunnyvale/1354-La-Bella-Ave-94087/home/769171

  2. SEA Says:

    Remember the days when there would have been a long line of buyers outside just hoping for an opportunity to “overbid” on a fine place like this? You might remember the days when all inspections were waived, when Superfund land was considered Super Fun.

    Where is the RBA when you need it?

  3. dollarbin Says:

    Redfin has the original listing so you can compare and contrast what $400K worth of improvement actually looks like:
    http://www.redfin.com/CA/Alameda/1315-Court-St-94501/home/1959149/ebrd-40578139
    I suppose they did something about the detached garage because the new listing says attached garage. Looking at the old listing, picture 10, that garage screams “Shaq Attack!”

  4. SEA Says:

    “May 07, 2010 Sold (Public Records) $735,000
    This home was foreclosed
    Foreclosure and bank-owned.
    REO (Real Estate Owned Home)”

  5. Jb Says:

    Friends walked thru it this weekend – mostly to marvel at the price. Reported that, shockingly, all the cheapest choices were made.

  6. nomadic Says:

    Wow, hikelife, now that is a flip! But $967/sf in Sunnyvale? Does the agent think it’s in Palo Alto??

  7. Unbelievable [Burbed.com] Says:

    [...] this house look familiar?  It should, because it showed up in comments yesterday.  We’ll let you use that worthwhile section to admire how hard this agent is working for [...]

  8. hikelife Says:

    Nomadic, that listing is SOOO out of line, I am actually thinking they built a new house in last 4 months. Otherwise, if there was every any doubt that BA real estate is heading into disaster, this listing should remove it!


Leave a Reply

Please be nice. No name calling, no personal attacks, no racist stuff, no baiting, etc. Let's be nice to each other in the true Bay Area spirit! (Comments may be edited/removed without notice.)