This cozy stucco ranch in San Leandro, a tidy suburb just south of Oakland, is listed for $219,900. Just over a year ago, the foreclosee paid $441,000 for this house, more than twice its current price tag (6/26/2007). Zillow.com estimates that this house is now worth $358,000.This house appears to be in a good shape, and would probably only need very minor cleaning and cosmetic touch-up to be ready for occupancy. A single house like this could rent for $1,400 to $1,800 per month, which might make this property a possibility for an investor looking for a rental property or an owner-occupant looking to buy a house with a lower payment than rent for a comparable place. This REO is worth a look if you’re looking in the East Bay.
The basics...
Address: 16385 Gordon Way, San Leandro, CA 94578
Current Listing Price: $219,900
PREVIOUS Sale Price: $441,000 (6/26/2007)
Size: 2 Bedrooms, 1 Bathroom; 778 square feet
Lot: .09 acres
http://www.realtor.com/realestate/san+leandro-ca-94578-1101363577/
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