May 27, 2013

Overbids, in Berkeley? Mu.

Since we had a Sunday think piece (a really nice way to say TL;DR) yesterday on the supposed strength of schools in the East Bay (short answer: not even), let’s look at another property there. Today’s featured home for your holiday is brought to you from Berkeley by Burbed reader Bob in Oakland.  Thanks very much, and remember, if you have a listing that looks like it could use a little Burbed loving, please send it in!

130526-lincoln-redfin1411 LINCOLN St
Berkeley, CA 94702
Sold for $805,000

2 Beds
2 Baths
1,083 Sq. Ft.
$743 / Sq. Ft.
Built: 1938
Lot Size: 3,570 Sq. Ft.
Sold On: Apr 10, 2013
Type: Detached
Stories: 2
Community: N Berkeley
MLS#: 40605874
Style: Bungalow
View: Other
County: Alameda

Charming N. Berkeley/ Northbrae Bungalow on charming Lincoln St. Updated baths, large front & rear yards, spacious laundry room plus bonus room perfect for office or guest suite. And, just 1 block to N. Berk BART, Ohlone pathway and bike routes.

130526-lincoln-kitchenNow let’s check in with Bob:

For your consideration:

This little shack sold for $805k, and went pending two weeks after listing for $599k.  Per a postcard sent out by the selling agent (and received by a friend who lives nearby), it received 16 offers.

Note the Redfin ‘tour insights’ (gotta love ‘em using the word ‘insights’ – it takes the deep intuitive gifts of a realtard to come up with gems like ‘nice house’):

  • 130526-lincoln-yard‘Not a fan of the kitchen’
  • ‘Kitchen is small and could use some updating.’
  • ‘There isn’t a great indoor outdoor flow. You need to go downstairs and out a side door to get to the backyard.’
  • ‘Upstairs bath a little funky….’
  • ‘Upstairs bath could use a remodel.’

130526-lincoln-faucetAlso:

There’s no garage – it was converted into a ‘guest room’ with sliding glass doors which provide a lovely view of the parking pad. 

The description says ‘large front and rear yards’, but the lot size is only 3,570 square feet.

The pix make it look decent sized, but ‘objects in wide-angle lens are smaller than they appear.’

130526-lincoln-fishmktNote the sideways-pointing faucet in the bathroom sink – never seen that before.

Yes, the neighborhood’s pretty nice, but $805k?  Maybe the buyer works in the financial district of SF, and decided that instead of a crappy condo for $1.5 million, they’d snap up this house which is a short, pleasant walk to North Berkeley BART.

I love ‘burbed’ – an island of sanity in a region gone batshit insane for real estate. Keep up the good work.

Not much we can add to that other than we’re talking a 34% overbid.  And how many times can one agent use the word “nice”?

130526-lincoln-nice

Comments (8) -- Posted by: madhaus @ 5:04 am

8 Responses to “Overbids, in Berkeley? Mu.”

  1. nomadic Says:

    That kitchen looks like a car lover’s dream garage. The checkerboard floors; the cabinets. Yep, pretty sure I’ve seen that before. In a fancy garage.

  2. Dana Says:

    Hi there! I just wanted to thank you for stopping by my blog during last Monday’s Blitz. You all made my day! Glad you liked the realtor sign. :)

    Have a great Monday.

  3. sfbubblebuyer Says:

    Good gravy. “large yard” on a less than 4k square foot lot? My front yard is bigger than their whole lot!

  4. Jb Says:

    Batshit crazy. About sums it all up nicely. Lovely post.

  5. sprezzatura Says:

    The kitchen is a little scary. I’d gut that before the upstairs bathroom.
    Overall, though, we’ve seen far worse 1000 sq ft crapshacks than this one here.

  6. Bob in Oakland Says:

    Just noticed that the masterful staging job included a COLANDER on the kitchen counter. Classy!

    @sprezzatura – Yeah, this is nowhere near the worst, but I still think the overbid is pretty impressive.

  7. peanutbutter Says:

    I wouldn’t want to live in that area simply because that part of Berkeley ( and most of Berkeley for that matter) are a big pain in the ass to drive around in. The whole city has the most dysfunctional streets I’ve ever experienced. I lived there for about four years and after that I try to avoid that whole area if I can help it.

  8. Mike Warren Real Estate Says:

    This house is good enough. The kitchen looks like a garage because of its designed, the yard is so big, lest say 4k square foot lot?. Its more than enough.

    This comment is good enough. The URL looks like a garbage because of it designed, the email is so big, lest say 4k square. Foot a lot?. And this is your third spammy comment. Its more than enough. –ed.


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