I know this agent.

[Robert W]

Tim used to be good friends with my son, and he would come to my home. Tim later became a Real Estate agent in the same area I serviced as a Real Estate Broker. I sold a lot of these modest priced homes in my career. Today the price seems staggering, yet it has always been staggering. What if you had a dozen of these homes as rentals?

I am retired but sure miss the action.

6 percent fees on this home is how much? Cut it in half and Tim grossed that sum.

 

[Concerned American]

Tim used to be good friends with my son, and he would come to my home. Tim later became a Real Estate agent in the same area I serviced as a Real Estate Broker. I sold a lot of these modest priced homes in my career. Today the price seems staggering, yet it has always been staggering. What if you had a dozen of these homes as rentals?

I am retired but sure miss the action.

6 percent fees on this home is how much? Cut it in half and Tim grossed that sum.

View attachment 1265079

Makes you wonder about the mental midget that would pay $2M for a home that you could buy an hour away for a fifth of that and THAT is over valued.

 

[Robert W]

Makes you wonder about the mental midget that would pay $2M for a home that you could buy an hour away for a tenth of that and THAT is over valued.

You are way off in that market. An hour away prices would be double or more.

 

[1srelluc]

So he grossed around 57K.

 

[Concerned American]

You are way off in that market. An hour away prices would be double or more.

I lived an hour away from Fremont, in the central valley and a house of that quality at best is $400K.

https://www.realtor.com/realestateandhomes-detail/30000-Kasson-Rd-Spc-184_Tracy_CA_95304_M98419-66182

 

[Darkwind]

Tim used to be good friends with my son, and he would come to my home. Tim later became a Real Estate agent in the same area I serviced as a Real Estate Broker. I sold a lot of these modest priced homes in my career. Today the price seems staggering, yet it has always been staggering. What if you had a dozen of these homes as rentals?

I am retired but sure miss the action.

6 percent fees on this home is how much? Cut it in half and Tim grossed that sum.

View attachment 1265079

Wow. I lived in the Irvington district of Fremont back in the late 70's.

 

[Concerned American]

Wow. I lived in the Irvington district of Fremont back in the late 70's.

Bay area prices have exploded.

 

[Hafar1014]

Tim used to be good friends with my son, and he would come to my home. Tim later became a Real Estate agent in the same area I serviced as a Real Estate Broker. I sold a lot of these modest priced homes in my career. Today the price seems staggering, yet it has always been staggering. What if you had a dozen of these homes as rentals?

I am retired but sure miss the action.

6 percent fees on this home is how much? Cut it in half and Tim grossed that sum.

View attachment 1265079

Overpriced dump

 

[my2¢]

I found the property on Redfin, which I had hoped would provide the property tax. I didn't come across it so using the address I took to A.I.

Property taxes for 41287 Mahoney St, Fremont, CA 94538 are approximately $1,838 per year based on the 2025 tax roll. Under California's Proposition 13, the assessed value (which is currently around \(\$97,123\)) limits tax increases. [1, 2]
However, because the property sold in April 2026 for \(\$2,200,000\), a supplemental tax bill will be issued. The new tax will be calculated based on this recent sale price using Fremont's effective tax rate (typically around 1.25% to 1.3%), meaning the annual taxes will reset to roughly \(\$27,500\) to \(\$28,600\) per year.

Ouch!

(When it comes to California property taxes I think of the movie Airplane! and the guy sitting in the taxi.)

 

[Darkwind]

Bay area prices have exploded.

They've always been outrageously high, like any large metropolitan area, like NY, Chicago, LA.

My Grandfather had the opportunity to buy some prime foothill land just east of Hayward back in the late 40s and early 50s. But he wasn't big on land ownership. That was a poor choice on his part. That land is likely worth 10's of millions now.