Oakland: 5923 Colby – One MILLION Dollars
Just a few short weeks ago, fellow Redfin blogger Tracey Taylor wrote about two new listings in Colby Park, including the pictured one at 5923 Colby. After several fruitless months of searching for a house in SF, I decided to make the trek across the bay to check this one out. Living a few blocks from College Ave. and BART would be at least as good as living in the city, right?
The house was even nicer than it looks in the pictures – great architectural details, nice yard, “charming” (not a word I normally use) neighborhood. So what if it only had 1.5 bathrooms and a kitchen straight out of 1920? For anywhere near the $799,000 listing price, those things could be fixed. We decided to put an offer in.
Unfortunately, we were a day late – an offer and a backup had been accepted the night before. It looks like we would have been more than a dollar short as well – rumor has it the sale price was an even $1 million ($201,000 over asking and just under $600/foot).
Haven’t these people heard that the real estate market is cooling?
