October 14, 2007

Rockridge Duplex Offers Price and Fixing Potential

 Rockridge Duplex Offers Price and Fixing Potential A house has just come on the market at 5455 Shafter Avenue in Rockridge which might be worth a look if you are seeking either an investment opportunity — it’s currently configured as a 2/1 and a 1/1 duplex, both with tenants — or you want to put in some sweat equity to convert it back into a single family home.

Although it’s listed at $800,000, the realtor says he thinks that’s $100,000 too high — a refreshing perspective for someone who’s trying to sell — and that the owner wants out by November 1. There’s a cute front garden and a good-sized yard at the back.

The same-style house next door has been revamped and offers a “before and after” perspective. Homes on this street and in the immediate vicinity usually sell for between $700,000 and $1 million.

This part of Rockridge boasts leafy streets, really great shopping nearby and the address scores 83/100 for walkability. It’s extremely accessible to BART. Perhaps a little too close actually — the railway line and freeway are within sight and sound of the property.

The realtor can be reached on 510-410 4760.


  • Tracey Taylor
    I know -- it's astonishing, isn't it? Certainly a first for me.
  • Susan Brady
    Wow, I am shocked that a realtor would give away client secrets! I think he is doing the client a disservice by offering this information. It is one thing to say "Bring all offers," or "Quick Sale Available," but to volunteer that the property is not worth what it is listed for or that there is a deadline, is giving a buyer the ammunition to lowball an offer. Not in the best interests of the seller, certainly.
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