Property closed escrow on April 12 at $725,000, or $25,000 (3%) less than list price.
Its near-twin at 3030 Thompson, a short sale, is still pending subject to lender approval. The list price on that was $689,50.....will be interesting to see how much it sells for. If it sells for under $700K, the buyer is getting a good deal which makes waiting for approval so very much worth it!
Some folks who look at trends on Trulia and Zillow don't always see the nuances of neighborhoods. One street separation can make all the difference in the world in terms of market value.
My guess is yes, it will sell to close to list price, especially since it has the popular configuration of 3 bedrooms/2 baths in the premier Fernside location that has always been one of the most sought after areas in Alameda.
This property is in a High Cost Area which means you could ould consider a FHA loan for the financing with only 3.5% down payment.
FHA loan limit is $729,750 in Alameda https://entp.hud.gov/idapp/html/hicost1.cfm
Let me know if I can help.
Senior Loan Consultant
All California Mortgage, Inc
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
The home will sell for it's market value which may be more or less then priced. If you like, I can send you a list of homes sold in that area to help you decide on a offer price that's comfortable for you.
We are all here to assist you if you need. Good luck :)