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View Poll Results: How would you rate the $1.998 Million Asking Price for this House?
Overpriced 6 46.15%
Fair 3 23.08%
Underpriced 4 30.77%
Voters: 13. You may not vote on this poll

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Old 04-16-2021, 08:09 PM
 
Location: Los Altos Hills, CA
36,641 posts, read 67,257,397 times
Reputation: 21179

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I promise I'm not going to make a bunch of threads in this vein, I just thought this house contrasts so much from the house in West Oakland I created a thread about earlier, that I want to know what others think. $1.998M for an acre in the Southeastern Hills seems like a really good price imo. In fact, for that much land it seems underpriced. Is there something I dont know?

https://www.estately.com/listings/in...lf-links-rd--2
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Old 04-16-2021, 08:36 PM
 
Location: East Bay, San Francisco Bay Area
23,357 posts, read 23,759,283 times
Reputation: 23777
I believe it’s underpriced. The seller may have deliberately underpriced the property to get potential buyers to bid against each other.

Notice the psychological pricing techniques being used - 1.998 million, it’s really 2 million...
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Old 04-17-2021, 01:00 AM
 
5,575 posts, read 4,937,918 times
Reputation: 2798
In comparison to what?
Washington, Oregon, Idaho, Montana, Wyoming, Texas??
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Old 04-17-2021, 10:54 AM
 
Location: San Francisco, CA
1,386 posts, read 1,481,976 times
Reputation: 2430
Tough call, but I went with fair on this one. $2 million for a large house in the East Bay Hills sounds about right, although I don't consider this stretch of Oakland quite as desirable as something closer to Montclair or Rockridge.
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Old 04-17-2021, 12:32 PM
 
Location: Provo, UT
899 posts, read 508,322 times
Reputation: 643
It's a nice house itself, but it's kinda far from amenities.
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Old 04-17-2021, 02:42 PM
 
5,575 posts, read 4,937,918 times
Reputation: 2798
Quote:
Originally Posted by General I80 View Post
It's a nice house itself, but it's kinda far from amenities.
That's the idea.
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Old 04-17-2021, 08:26 PM
 
3,229 posts, read 6,267,145 times
Reputation: 4883
There are few recent comparable comps. This smaller home sold for 1.78M in March.

https://www.realtor.com/realestatean...5_M16054-09851

The google street view is not inspiring for a 2M home.

https://goo.gl/maps/RNL5JujjMJSSoV577

It was also listed previously in Nov 2020 for $2.79M

https://www.corcoran.com/northern-ca...94605/53242834

Its not in a neighborhood of comparable huge homes. The homes around it are just over 2,000 sq. ft.

https://www.realtor.com/realestatean...5_M16974-93995

This one looks much bigger on street view.

https://www.zillow.com/homedetails/1...24808875_zpid/

https://www.estately.com/listings/in...olf-links-road

Its probably fairly valued but for the same price how many people would prefer this smaller home.

https://www.zillow.com/homedetails/5...4813269_zpid/?
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Old 04-18-2021, 11:04 AM
 
Location: State of Transition
102,092 posts, read 107,197,582 times
Reputation: 115895
Quote:
Originally Posted by 18Montclair View Post
I promise I'm not going to make a bunch of threads in this vein, I just thought this house contrasts so much from the house in West Oakland I created a thread about earlier, that I want to know what others think. $1.998M for an acre in the Southeastern Hills seems like a really good price imo. In fact, for that much land it seems underpriced. Is there something I dont know?

https://www.estately.com/listings/in...lf-links-rd--2
Well, it's ugly, for one thing. And it's priced to sell. The seller apparently doesn't want to waste any time.
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Old 04-18-2021, 11:08 AM
 
Location: State of Transition
102,092 posts, read 107,197,582 times
Reputation: 115895
Quote:
Originally Posted by davdaven View Post
Tough call, but I went with fair on this one. $2 million for a large house in the East Bay Hills sounds about right, although I don't consider this stretch of Oakland quite as desirable as something closer to Montclair or Rockridge.
Large homes in the Berkeley hills, including those bordering on Oakland, are going for a lot more than that, when they have 5+ bedrooms. Most are of the "old world charm" type, though: mediterranean or Craftsman, Maybeck, and such. This one looks like cheap construction. It looks like it would fold in an earthquake.


P.S. OP, I think these threads are fun. Kind of like a game of "The Price Is Right".

Last edited by Ruth4Truth; 04-18-2021 at 12:12 PM..
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Old 04-18-2021, 11:36 AM
 
Location: South Park, San Diego
6,109 posts, read 10,833,909 times
Reputation: 12476
Quote:
Originally Posted by Ruth4Truth View Post
Well, it's ugly, for one thing. And it's priced to sell. The seller apparently doesn't want to waste any time.
Looks like a run-of-the-mill Florida McMansion with the comically over-scaled and flimsily supported portico entry and plethora tall skinny arch-topped windows
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