by pkowen follow (0)
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Why would you really want that house? It's an awkward lot, 2/1 with no possibility of expansion thanks to setbacks and lot shape, plus it's a flip. A complete inside remodel in 3 months = super-speedy who cares about craftsmanship flip. They tore out any good cabinetry and put in Ikea knock flats, slapped up the cheapest tile they could, and called it beautiful.
Look at how long it languished before selling before. It's a very undesirable lot, and all you get for it is San Carlos schools. If that's what you want, and being stuck with 2 bedrooms max forever is okay, then sure, it's your cheapest option. Very, very meh.
The property overview doesn't look great, but the pictures from the street look pretty nice. Decent sized front yard and back yard for the are. The house is pretty open, not a bunch of closed in mini rooms.
There isn't a lot of property, if you want to live in that area, it's always going to be a sellers market. Good demand, and few properties.
Don't buy this house if you believe in Feng Shui. This house has many bad Feng Shui. No Chinese will buy this house. Bought for $500k, put some lipstick on this pig & try to flip it for $680k. Nice.
All,
I am currently looking at this house in what seems to be a market flooded with buyers currently. What should I be looking at as an offer price?
$49,995
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http://www.redfin.com/CA/San-Carlos/1223-Alameda-94070/home/1014643
See, this is why I think the peninsula still has a way to go: down. 890 sq ft crappy little house, lot is below the road, the road is VERY busy. SIX HUNDRED THOUSAND DOLLARS. But the weather is so nice, I guess. ;)
Seriously.