Comments on: Berkeley Homes Without Instant Appeal Linger, Lose Value http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html Redfin Bay Area Sweet Digs Fri, 20 Nov 2009 12:03:22 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: pop http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html/comment-page-1#comment-5429 pop Mon, 28 Jul 2008 21:18:45 +0000 http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html#comment-5429 One other comment on the Prince street home - for the last month it has been undergoing foundation-level work. Didn't read the disclosures so don't know if foundation and shear-wall work were specifically called for - perhaps the new owners just want to be safe, or perhaps the work is required after the remodel to be within codes. But guessing that these are costly repairs, the previous prices didn't leave headroom for them. On a more subjective note and in line with c's comment above, the home felt small and less well laid-out in comparison to other comps in the area going for ~$525/sf (Woolsey, Alcatraz). One other comment on the Prince street home – for the last month it has been undergoing foundation-level work. Didn’t read the disclosures so don’t know if foundation and shear-wall work were specifically called for – perhaps the new owners just want to be safe, or perhaps the work is required after the remodel to be within codes. But guessing that these are costly repairs, the previous prices didn’t leave headroom for them.

On a more subjective note and in line with c’s comment above, the home felt small and less well laid-out in comparison to other comps in the area going for ~$525/sf (Woolsey, Alcatraz).

]]> By: tracey.taylor http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html/comment-page-1#comment-5426 tracey.taylor Mon, 28 Jul 2008 20:07:47 +0000 http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html#comment-5426 Bob Zeeler: Thank you for the correction and the skinny on 2512 Parker Street. That's the sort of inside information we love on this blog! Bob Zeeler: Thank you for the correction and the skinny on 2512 Parker Street. That’s the sort of inside information we love on this blog!

]]> By: Bob Zeeler http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html/comment-page-1#comment-5422 Bob Zeeler Mon, 28 Jul 2008 17:20:51 +0000 http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html#comment-5422 The property at 2512 Parker Street is not a condo. It is a regular single family residence home. It was a gift from an x-husband to the current owner. The x-husband had purchased the home in the early 90's for just under $200,000. The house is currently worth around $600,000. It would be worth more, but it is not in very good condition. The property at 2512 Parker Street is not a condo. It is a regular single family residence home. It was a gift from an x-husband to the current owner. The x-husband had purchased the home in the early 90’s for just under $200,000. The house is currently worth around $600,000. It would be worth more, but it is not in very good condition.

]]> By: Tracey Taylor http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html/comment-page-1#comment-5405 Tracey Taylor Sat, 26 Jul 2008 02:16:19 +0000 http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html#comment-5405 Suzanne: Thanks for raising that question. I too wondered why Prince had languished for so long. I'm glad C was able to supply a reason. Doesn't sound like a home with much appeal. Suzanne: Thanks for raising that question. I too wondered why Prince had languished for so long. I’m glad C was able to supply a reason. Doesn’t sound like a home with much appeal.

]]> By: Suzanne http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html/comment-page-1#comment-5402 Suzanne Fri, 25 Jul 2008 22:49:23 +0000 http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html#comment-5402 Sure it's outrageous, but apparently it's the going rate. Several houses within blocks of Prince have recently sold at 6-700/sf. Not that price/sf seems to mean a whole lot, really. Sure it’s outrageous, but apparently it’s the going rate. Several houses within blocks of Prince have recently sold at 6-700/sf. Not that price/sf seems to mean a whole lot, really.

]]> By: c http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html/comment-page-1#comment-5400 c Fri, 25 Jul 2008 19:00:53 +0000 http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html#comment-5400 It was a 1700sf bungalow with a funky remodel (attic bedroom w/no bath & awkward stairs). At $1.15M, they were asking ~$680/sf -- outrageous, even for that neighborhood. It was a 1700sf bungalow with a funky remodel (attic bedroom w/no bath & awkward stairs). At $1.15M, they were asking ~$680/sf — outrageous, even for that neighborhood.

]]> By: Suzanne http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html/comment-page-1#comment-5398 Suzanne Fri, 25 Jul 2008 17:11:13 +0000 http://blog.redfin.com/sfbay/2008/07/berkeley_homes_without_instant_appeal_linger_lose_value.html#comment-5398 What's the rest of the story on Prince St? In that neighborhood, it must have had serious issues to go for that price. And it wasn't on the market publicly all that time. What’s the rest of the story on Prince St? In that neighborhood, it must have had serious issues to go for that price. And it wasn’t on the market publicly all that time.

]]>