July 2, 2008

Rent: $4200/month. Sale Price: $1.6m. El Cerrito

NEW TUSCAN VILLA WITH BAY VIEWS FOR LEASE
601 Bonnie Dr., El Cerrito, CA
New Tuscan style villa overlooking the Golden Gate and San Francisco Bay
4BR/4BA Single Family House

offered at $1,596,880
Year Built 2007
Sq Footage 3,860
Bedrooms 4
Bathrooms 4 full, 0 partial
Floors 2
Parking 2 Car garage
Lot Size 5,500 sqft
HOA/Maint $0 per month

DESCRIPTION
Overlooking the Golden Gate and San Francisco Bay, this new, Mediterranean masterpiece was build without compromise, reflecting only the best melding design and d├ęcor to excite the senses. Featuring magnificent living and dining areas with exquisite detailing, sky-high ceilings, tiled terraces, the finest quality materials & craftsmanship and every luxury amenity one would expect in a world class residence. Almost 3900 sqft. with four plus bedrooms four full bath this residence is offered to those who appreciate the very Best!

Normally Burbed doesn’t feature much in the East Bay, as this is a blog that focuses on the Real Bay Area. In fact, I had to double check on a map where El Cerrito is. But nonetheless, what Burbed reader Aaron had to say caught my attention:

Hi Burbed,

Thanks so much for what you do.

I am an East Bay renter looking to buy when sanity returns. I always peruse the rentals and for sale listings in Albany/El Cerrito, to see if I can do better than what I rent now.

Found this gem today in a nice part of El Cerrito:

http://sfbay.craigslist.org/eby/apa/736177961.html

Rent: $4200/month. Sale Price: $1.6m. Isn’t that awesome? Recently reduced from $1.8m!

It gets better – the comments on zillow indicate friction between these folks who built up this house and the 2 lots adjacent and their neighbors, and some suggestions of shoddy construction. Also has some of the sales history, etc.

http://www.zillow.com/HomeQnA.htm?zpid=68032792

I can’t afford $4200/month in rent, but if I could, this a steal – you can live in this place (which does seem awfully nice, and I love the neighborhood) for like 1/4 of what it costs to own it. Maybe more. Figure $1800/month in property taxes alone! Then insure this puppy!

-Aaron

Well Aaron, there are some downsides to renting this – among other things, you wouldn’t be able to modify it, or paint the walls, or even water the lawn. Where is the pride of homeownership?

Frankly, I can’t make too many snarky remarks about this because I don’t know diddly about El Cerrito. Can someone fill me in on what’s there? What the scoop is? Should it be a candidate for the Real Bay Area?

Help me out! (And thanks Aaron!)

Comments (44) -- Posted by: burbed @ 5:28 am