Berkeley: New Releases As Well As A Rerun
Not that we need proof that the housing slump is here to stay (one of my esteemed readers predicts Bay Area prices will continue to fall until well into 2009), but here’s another case for the prosecution.
2436 Stuart Street, a 3/2 brown-shingle betwixt Telegraph and College, came on the market in April this year, priced $859,999. (At the time I wrote “single family homes under $900,000 in the Elmwood don’t come on the market very often, so you might want to check [this one] out”. Oh the innocence… It’s back on today, a short sale, priced $667,000. That’s a 22% price plunge in 8 months. Worth noting too that it last sold in October 2005 for $685,000.
Astonishingly, there are a few more new listings to report:
938 San Benito Road in north Berkeley (above) is a smart-looking 3/2 Craftsman with original woodwork, “lovely gardens” and views. Price: $1,150,000.
465 Capricorn Avenue in Montclair looks like a rather nice 2/2 “craftsman-style” home on a large lot (6.840 sq ft) in a wooded setting with an uncompleted studio (check out the whizzbang panoramic photos). Price: $899,000.
2735 Fulton Street looks like a large (13 rooms – 4 bed/3 bath) brown shingle that used to be a duplex. It’s described as being in “Lower Elmwood” which is a new nomenclature to me. Personally I think you need to be east of Telegraph to qualify for Elmwood, but I’m prepared to be challenged on this. Price: $950,000.
