Thanks to Burbed reader RinkRat for this find. Now, as we all know, Burbed doesn’t do a heck of a lot of East Bay - let’s face it, it’s not really Real Bay Area.

But if this is true, then perhaps it is time to reevaluate that and include Alameda in that designation!

Anyone familiar with Alameda and can share some of the biggest selling points of that area?

REALTOR.com: Find a Home - Listing Detail1127 MOUND ST
ALAMEDA, CA 94501
MLS ID# 40271679
$580,000
2 Bed, 1 Bath, 776 Sq. Ft., 0.07 Acres

Single Family Property, Area: Alameda Map Area 1, Subdivision: EAST END, County: Alameda, Approximately 0.07 acre(s), Year Built: 1900, Single story, Garage

Burbed Reader Adam had this to say:

Check out 1127 mound alameda, ca
Delusional floppers at work. I believe it’s the second higest $/sq foot in alameda @ 747 sq foot.
http://www.redfin.com/stingray/do/printable-property?external_id=1803836
http://homes.realtor.com/search/listingdetail.aspx?mlslid=40271679&typ=7&sid=a1ba4d0835d94d2da8ce537060a587a5&lid=1082312633&lsn=1&srcnt=1#Detail

Looks nice huh? Those floppers did a really good job on the outside, what with all that beautiful resin lattice work ($20 a sheet from home depot). I see no reason they shouldn’t expect a 200% return on their investment in a little over a year.

Uh, Adam - Alameda is prime. The sheer fact that it’s in the Bay Area means it deserves returns like that. Now, granted, it’s not as prime as Milpitas, where some houses appreciated $1500+ per day (check back next week to see this!) - but still, it’s special here.

I predict this will double again next year. It’s inevitable especially with the strong job growth here!