This year, I didn’t make any New Years resolutions. It felt like too much to try to commit to something for an entire year, when I can barely commit to waking up without hitting the snooze button several times tomorrow morning. My only goal for myself has been to stop being Pandemic Fine™️.
Funnily enough I also spotted 22 Roble Rd on a fantasy journey. But I always check Google Maps, and there it looks like a suburban home wedged tightly among other suburban homes, and near some busy highways. Also, It sold for $2m 10 years ago, and is tax assessed at $1.5m. Adding on another $10m for the renovation seems cheeky.
Funnily enough, I actually live in a neighborhood not far from here. I’m familiar with the neighborhood it’s in and can assure you that it’s lovely and there’s a reason that it would have sold for $2m in the first place. The property looks like it is assessed for less because the City of Berkeley has entered into a contract with the owners of the property which gives property tax breaks in exchange for the care of a historic property. In Berkeley, the property owners are required to spend what they would have spent in taxes on the upkeep of the house instead, so... it’s not really a break but that’s why there’s a discrepancy on paper. While I know that renovations here can be incredibly expensive, you’re right about the $10m difference. I’m not sure where that came from, but I’m happy to enjoy the results of the work. Maybe I’ll go visit and enjoy when things are safer, if it’s still on the market.
Funnily enough I also spotted 22 Roble Rd on a fantasy journey. But I always check Google Maps, and there it looks like a suburban home wedged tightly among other suburban homes, and near some busy highways. Also, It sold for $2m 10 years ago, and is tax assessed at $1.5m. Adding on another $10m for the renovation seems cheeky.
Funnily enough, I actually live in a neighborhood not far from here. I’m familiar with the neighborhood it’s in and can assure you that it’s lovely and there’s a reason that it would have sold for $2m in the first place. The property looks like it is assessed for less because the City of Berkeley has entered into a contract with the owners of the property which gives property tax breaks in exchange for the care of a historic property. In Berkeley, the property owners are required to spend what they would have spent in taxes on the upkeep of the house instead, so... it’s not really a break but that’s why there’s a discrepancy on paper. While I know that renovations here can be incredibly expensive, you’re right about the $10m difference. I’m not sure where that came from, but I’m happy to enjoy the results of the work. Maybe I’ll go visit and enjoy when things are safer, if it’s still on the market.
Oh my gosh, I got all of the feels seeing the Cole Valley listing. I used to walk by that house frequently when I lived down the street. 😍
Do you still make posts about homes under $500,000, or is it just million-dollar homes now?