Deal or No Deal: Get into Montclair, on the Cheap
Every once in a while, we run across a house where the list price just doesn’t make sense. When 5692 Cabot Dr. in Montclair popped up on our radar screen, it screamed DEAL without question. So, naturally, we immediately tried to figure out what was wrong with the house. (click images to enlarge)
Good location? Check.
Walking distance to downtown Montclair, an upscale enclave in the Oakland Hills.
Nice interior? Check.
Tasteful updates, high ceilings.
Yard? Check.
Many homes in the Oakland hills are wedged into cliffs and don’t have yards. This one has one– albeit it a small one — but plenty of room for a table and BBQ on the patio, plus some flat ground for a garden.
Quirky? A bit.
The downstairs bedroom has no bathroom and is sort of
long and skinny, but certainly not a deal killer.
We scratched our heads — what gives? This place should sell in a nanosecond above list.
Then we found it: No parking.
Not only does the home have no a driveway or garage, the part of the street immediately in front of it is a No Parking zone! There is street parking nearby, but this should be viewed as a definite negative. That being said, this home still offers a relatively inexpensive to move into a popular neighborhood with excellent public schools.
So, does all that add up to a DEAL OR NO DEAL?
Address: 5692 Cabot St., Oakland, CA 94611 (MLS Listing)
Status: ACTIVE
Bedrooms: 3; Bathrooms: 2
Living Space: 1,687 sq ft
Lot Size: 7,242
List Date: 7/30/2009
Original List Price: $649,000
Current List Price: $649,000
MLS no.:40422306
Real Estate Agent Comment: Heart of Montclair, move-in ready w/a Walk Score of 80. HWF’s, FP, deck in front, patio/yard in back. Upgraded kit & baths. Plus room. New paint inside and out. A must see..
DEAL or NO DEAL?
Comment below and tell us what you think!