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Old 06-17-2018, 06:25 AM
 
Location: Piedmont, CA/São Paulo, Brazil
33,670 posts, read 58,066,502 times
Reputation: 16932

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More bay area housing madness.

628 Kern St, Richmond, CA, 94805 - SOLD LISTING, MLS # 40822395 | Marvin Gardens Real Estate

pics
https://www.openlistings.com/p/628-k...hmond-ca-94805
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Old 06-17-2018, 08:13 AM
 
Location: State of Transition
86,059 posts, read 79,233,199 times
Reputation: 88405
It looks like the window of opportunity to get a more "affordable" place in the Richmond hills has closed.

No Bay view, in spite of being up in the hills. No plants/landscaping in the back yard. No basement. One bath. I guess that's why it was priced at just over $500K? I guess somebody really wanted it. Kinda ugly, if you ask me, but seems spacious inside.
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Old 06-17-2018, 08:50 AM
 
Location: Piedmont, CA/São Paulo, Brazil
33,670 posts, read 58,066,502 times
Reputation: 16932
Quote:
Originally Posted by Ruth4Truth View Post
It looks like the window of opportunity to get a more "affordable" place in the Richmond hills has closed.

No Bay view, in spite of being up in the hills. No plants/landscaping in the back yard. No basement. One bath. I guess that's why it was priced at just over $500K? I guess somebody really wanted it. Kinda ugly, if you ask me, but seems spacious inside.
Yeah its extremely dated albeit very clean. That market and the 80/4 corridor has been a bright spot for homebuyers that dont want to move to Solano or San Joaquin counties.

In 2009 I paid $180,000 cash for 6bd house in El Sobrante's nicest area. It was a short sale during the depths of the recession. We did a little remodeling and it's currently a rental property-anyhow lately Ive been getting calls from a realtor telling me I could get 1.2 million for it. Im not selling tho.
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Old 06-17-2018, 10:08 AM
 
1,204 posts, read 567,960 times
Reputation: 1391
I thought wasteful spending was applauded in the Bay Area?
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Old 06-17-2018, 10:32 AM
 
1,584 posts, read 2,838,621 times
Reputation: 1304
This place is not walkable ,does not have great public transportation options ,the schools are sub par , not a view property.

I don't get it

Maybe there is some expansion potential?
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Old 06-17-2018, 10:35 AM
 
594 posts, read 452,937 times
Reputation: 1553
Can't we just force home owners to sell for less...? Maybe there can be some sort of law that makes it illegal to sell for over listing. This has to stop.

Right?

Right...?
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Old 06-17-2018, 10:36 AM
 
Location: State of Transition
86,059 posts, read 79,233,199 times
Reputation: 88405
Quote:
Originally Posted by ssmaster View Post
This place is not walkable ,does not have great public transportation options ,the schools are sub par , not a view property.

I don't get it

Maybe there is some expansion potential?
Many neighborhoods in the East Bay hills aren't walkable, but that's where the highest-end homes tend to cluster, because of the views, and in some areas, a park-like environment and larger lots.Higher up in Richmond has some of those qualities, in places, though not the multi-million $$ homes of the Berkeley & Oakland hills.
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Old 06-17-2018, 11:17 AM
 
4,998 posts, read 2,283,018 times
Reputation: 3617
I presume this is a nice area with professional classes??? For me, a mile walk to BART is walk-able. That is my current walk to the 19th Street Station. Regardless, every year there seems to be new crazy, unbelievable prices. Keep in mind, the East Bay has a lot of room for price growth as compared to SF and the West Bay.

Also, the Richmond waterfront area will also go up in price after the ferry to SF is opened. That is a good place to buy a condo now, I think. They are almost reasonable right now.
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Old 06-17-2018, 11:46 AM
 
13,124 posts, read 21,758,051 times
Reputation: 22810
Quote:
Originally Posted by alliance View Post
Can't we just force home owners to sell for less...? Maybe there can be some sort of law that makes it illegal to sell for over listing. This has to stop.

Right?

Right...?
That is SO funny.

I thought the market was ready to pop 6 months ago when a neighbor was asking a ridiculous price and it didn’t sell. Five months later, back on the market 60K HIGHER. And sold.

And when you’re the homeowner? Your view will change onselling over asking.
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Old 06-17-2018, 12:20 PM
 
1,204 posts, read 567,960 times
Reputation: 1391
Quote:
Originally Posted by Tallysmom View Post
That is SO funny.

I thought the market was ready to pop 6 months ago when a neighbor was asking a ridiculous price and it didn’t sell. Five months later, back on the market 60K HIGHER. And sold.

And when you’re the homeowner? Your view will change onselling over asking.
I'm pretty sure she was being facetious. She knows that these "whoa is me...housing pricing are too high" threads are a dime a dozen here. In the meantime, they vote for every punitive measure they can find to make life harder for them. A lot of Sybil personalities here.
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