Unfortunately, the asking price — though nostalgic in its own way since it represents one of the least expensive single-family homes in the area on the market right now — is probably a vestige of yesteryear as well.
Comparable property analysis puts the selling price of this home at more than $1 million dollars, though it’s hard to say if those comps take into account the fixer aspect of 3281 Sterling Ave. The listing invites buyers to “bring your hammer.”
But fixers aren’t the hard sells they once were — not in this market. Tim Allen, who is co-listing the home with Ed Massey, told SFGATE that “this home will most likely sell to an investor and is a property that someone like Chip and Joanna Gaines from ‘Fixer Upper’ would love. If that’s the case, we expect the home to sell for more than the asking price since an investor will see a lot of potential profit once the home is renovated.”
In the past year, Alameda County’s median sale price for single-family homes has jumped to $1.513 million, up almost 19% year-over-year, according to Property Shark.
Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert.