Sunday, February 1, 2015

Knife Catching 862 Walnut St.

Read This:The following review is just my opinion and only my opinion I am not a professional house appraiser or inspector and I am not a structural engineer. The opinions expressed in this review are based on my own inspection of the property, the publicly available facts from aggregator sites such as Redfin and Zillow and the online permit database for the city of Alameda. I am not responsible for incorrect or missing data that appears in these sources. In fact, its probably best that you just ignore everything you read here as the lunatic ravings of an unbalanced mind.
Knife Catching 862 Walnut St
Todays house, 862 Walnut street has the official specs of being a 3-2 of ~2000sq ft. on a
5754 sq ft lot for the low, low price of $649900 and wow its been on Zillow over a year
385 days. Check out the pics on the redfin page.
It looks like a kinda cool place doesn't it?
Its got a ton of wide open spaces, its right on the lagoon seems like it should sell pretty fast.

Check out its sales history.

Records

For completeness, Redfin often displays two records for one sale: the MLS record and the public record. Learn More.
DateEventPriceAppreciationSource
Jan 29, 2015
Listed (New)
$649,900
EBRD #40685485
Jan 27, 2015
Delisted
EBRD #1
Jan 1, 2015
Pending
EBRD #1
Nov 7, 2014
Relisted (Back On Market)
EBRD #1
Nov 6, 2014
Pending
EBRD #1
Aug 26, 2014
Relisted (Back On Market)
EBRD #1
Aug 22, 2014
Pending
EBRD #1
Aug 15, 2014
Price Changed (Price Change)
*
EBRD #1
Aug 7, 2014
Price Changed (Price Change)
*
EBRD #1
Jul 15, 2014
Price Changed
*
EBRD #1
Jul 1, 2014
Price Changed (Price Change)
*
EBRD #1
Apr 1, 2014
Relisted (Back On Market)
EBRD #1
Mar 31, 2014
Pending
EBRD #1
Mar 21, 2014
Pending
EBRD #1
Mar 21, 2014
Relisted (Back On Market)
EBRD #1
Mar 21, 2014
Price Changed (Price Change)
*
EBRD #1
Mar 7, 2014
Price Changed (Price Change)
*
EBRD #1
Feb 28, 2014
Price Changed
*
EBRD #1
Feb 21, 2014
Price Changed (Price Change)
*
EBRD #1
Feb 7, 2014
Price Changed (Price Change)
*
EBRD #1
Jan 10, 2014
Listed (New)
*
EBRD #1
Apr 20, 2013Sold (MLS) (Sold)
$567,000
EBRD #40606250
Apr 19, 2013
Sold (Public Records)
$567,0006.2%/yr
Public Records
Mar 29, 2013Pending
EBRD #40606250
Mar 29, 2013Pending (Pending - Show for Backups)
EBRD #40606250
Mar 24, 2013Pending
EBRD #40606250
Mar 8, 2013Listed (New)
$499,000
EBRD #40606250
Nov 28, 1995
Sold (Public Records)
$200,0002.6%/yr
Public Records
Sold (Public Records)
This home was
 
$210,000
 
 
On And Off
Whew, this place has
been on and off the market many, many times.
 
  
 
What does that mean dear readers? When A house goes on and off the market over and over?
It looks like the current owners bought in 2013 for $567,000. A year later they listed it and its
gone on and off the market ever since.

Hmmmmmmm, I wonder if there are any 'hidden conditions'. Assuming all those people above
got their own inspections wouldn't there be a TON of disclosure documents? Gosh, I sure hope
someone's not being dishonest and hiding bad inspection reports.

The only thing that I keep thinking is, 'Man, there has to be something really wrong with it
for it to keep coming back on the market.


And that's the way I see it.

5 comments:

Anonymous said...

We been tracking this house ever since it sold in 2013 and totally agree that something must be wrong with it!
-mary

The MadScientist said...

An agent left this comment on the Redfin page for the property.
“Totally dilapidated. Roof is partially missing and has been leaking. Nice location on the lagoon, but needs extensive maintenance and repairs"

Wow the pics sure don't show anything like this. It looks like a mostly finished project in most of them???

Anonymous said...

we are the current buyers in contract. the house is a shit show. the pictures don't show how broken certain parts of the house are and how much money, love and care it will take to return it to its glory. but the glory is there.

it makes no sense for a flipper to turn over if you look at how much intensive repair it needs. The ROI is paltry at best.

we are buying this as a forever home for us and our two small kids and have a mutli-tiered, decade long plan to build it into something that will serve us well for the next 20+ years.

The MadScientist said...

Be careful, sea wall maintenance is your responsibility. How's the foundation? Get a quote from roofers.

Anonymous said...

Thanks. My dad is a civil engineer who has helped us with our due diligence. And we're working our way through a myriad of inspections and bids for the work. It's not a project for the faint of heart. Foundation was just redone (permits say partial but per the inspection today inspector says it looks good)-as was quite a bit of the electrical. Pending nothing crazy happening in the next few weeks, we'll be blogging the process of fixing it up once we close and will send you a link. Wish us luck!