We’ve been talking about the Bay Area Real Estate Bubble 4,0 for half a year now. One way to tell things are getting bubblicious and frothy is when areas we don’t think of as expensive start acting like Real Bay Area markets. Today’s featured home is from the East Bay, and it joins the peak parade, Thanks much to Burbed reader Brittney for alerting us to this disturbance in the Force.
5670 OLD WESTBURY Way
Dublin, CA 94568
Sold for $825,000
1,972 Sq. Ft.
$418 / Sq. Ft.
Lot Size: 3,117 Sq. Ft.
Sold On: May 31, 2013
HOA Dues: $126/month
Community: Tassajara Creek
Corner location! Features include two tone paint, plantation shutters and crown molding throughout. Kitchen with stainless appliances, honey maple cabinets and granite counters with backsplash. Upgraded fireplace in family room with custom tile work. Backyard w/ grassy area and custom patio!
Just saw this listing go sold recently. It was listed at $724,900 and sold for $825,000 which is incidentally the exact amount paid for it by the owners back in Oct 2005 – peak of the peak during that bubble. Nothing new was done to the house and it’s not anything special in that area….
That’s one diference between the RBA and the East No Way, namely when the market peaked. RBA homes peaked in 2008, except You Are Priced Out Forever AGAIN this year. What’s great is you can choose whether you can’t afford Palo Alto or whether you can’t afford Dublin.
Just remember what you can’t afford for $825K in Palo Alto.
Bunus: Holy Planned Unit Development, Batman, this place has a FAR of 0.63. That’s what your HOA fees bring: the
bribes development fees to make that even legal.