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I don't believe an investor purchased this home since it seems to have been redone. Investors usually buy homes at rock bottom prices, from banks, not from another investor.
I understand your point about the neighborhood. Could you all please explain to my why the home sold so fast? This is a serious question.
Irrational exuberance. Duh.
West Oakland is in transition. That area has a wonderful art school for children and adults. There are new businesses opening in the neighborhood that are very cool and hip and modern. Young modern people are drawn to that area.
1: West Oakland Middle (assigned) 6-8 0.2 mi
2: Martin Luther King, Jr Elementary (assigned) K-5 0.3 mi
2: McClymonds High (assigned) 9-12 0.7 mi
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Hi,
Going to go and check this place out on Sat or Sun:
http://www.redfin.com/CA/Oakland/1104-14th-St-94607/home/528214
105% increase in price since last bought Oct 2012.
Looks to be fully remodeled and upgraded.
A 2 bedroom in this area should fetch $1,100-$1,300.
Planning on renting 1 out and living in the other.
Will be checking for separate meters and what an 800 sq foot home feels like.
Neighborhood seem ok based on the crime map.
Thoughts? And final sales price.
#crime