Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Sunday, February 25, 2007
Lap of luxury $530k
Calling this sh!tbox a house is an insult to real sh!tboxes. A rippin' 545 Sq. Ft. and a predialian 0.03 Acres this little gem won't last long. Literaly around the corner in Ventura's "Avenue" I'm not sure if it is the graffiti or rats that seal the deal. And yes, more expensive than the McStucco Manse of earlier this evening.
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30 comments:
dunno about the house, but I'll give you fifty bucks for the drinking fountain in front.
Seems like a good place to house livestock - that's just insane that it's more expensive than the other POS...
What a world we live in
my team of flippers could really fix that place up, once I have a team of flippers. I am thinking maybe a 40% ROI for that kind of neighborhood.
SWEET!
Stephanie-
Did you SEE the drinking fountain?!?!
Sheesh.
-jbjbj
Doesn't every house in CA come with a water fountain on the porch?
Is there any more info available on these houses than what you've posted?
sercasey: Perhaps the only virtue of that house is that it appears not to need any fixing-up.
Hey guys, thanks for the lead...Rob, I owe you $500(bird dog), check is in the mail. This looks like a win win nugget in my book. I don't care how much it costs, I don't care what the interest rate is, and I don't care where it is located. My question is "Are the sellers desperate enough to part with this gem and allow me to get cash back?"
Looks like I am coming back from the abyss!!!!!!
Ogg,
Here's more info:
Single Family Property
County: Ventura
Subdivision: Park Row
Year Built: 1925
2 total bedroom(s)
1 total bath(s)
Approximately 545 sq. ft.
Single story
Type: Detached
Master bedroom
Dining room
Family room
Fireplace(s)
Heating features: Gas,Forced Air,Wall,Floor
Interior features: Vinyl floor, Master bedroom downstairs
Exterior features: Exterior laundry area, Owned security system, Sewer
Exterior construction: Wood
Roofing: Asphault
Approximately 0.03 acre(s)
Lot size is less than 1/2 acre
You already know it is more than $480k and in a sh!tty part of town. After enough guesses make us laugh I'll publsh the mls.
Even better - the drinking fountain has a faulty drain pipe, hence the paint bucket. Attractiveness like this is only matched by having a rusted out, heavily bondo-ed muscle car from the 70's on cinder blocks in the front yard. Oh and flamingoes.
I sat 680K
Rob, C'mon dude hit us with pricing. This is a passive income property if I've ever seen one. Like your tenants might be passive about paying the rent or keeping the place clean.
Which tenants? The ones in the hovel or the ones in that pickup camper shell on the left?
Exterior laundry area? What the fuck does that mean? You keep the washer & dryer outside? Can you really get away with that, even in southern CA?
$550k.
It would rent for around $500/month here. The exterior laundry area would be useless, but other than that it would make a decent place for a person living alone who wanted a second bedroom for use as a study. You could not sell such a house here, but if you could it would go for under $100k.
Ogg Outdoor shower and bath also included. Rob, I think you've found homeless Bob's next destination. Oh the SWEET life.
exterior laundry area = clothesline
Waitaminute... that looks like new siding, trim, windows, and patio. Is that house somebody's flip?
And they kept the drinking fountain? Bwahaaha. Rob, you owe me a keyboard and a bottle of Deschutes Porter.
I'll bet it smells like a kennel inside.
We love you Steph:).
Ok, same as my last guess.
$574,900
Ratlab,
Waz up with Folsom? I tend to think KC is such a star he belongz in Quentin.
I'll guess a bloated $449,000
Just spend 200K tearing it down and rebuilding it/fixing it up and flip it for 800K. LOL
http://www.realtor.com/FindHome/HomeListing.asp?snum=48&locallnk=yes&frm=byzip&mnbed=0&mnbath=0&mnprice=0&mxprice=99999999&js=off&pgnum=5&fid=so&stype=&mnsqft=&mls=xmls&areaid=93001&poe=realtor&zp=93001&sbint=&vtsort=&sorttype=&typ=1&typ=4&x=36&y=7&sid=081DBB84C9BCC&snumxlid=1074417207&lnksrc=00003
Spoilsport. Yes, near $1000/sq ft. Welcome to California. We do have a few at $2500/sq ft near the beach.
Holy crap. What's a double-wide out there?
Gooooooood morning EN!
Snow here in New York, but NOT in Sacramento!
Fry Early Riser, Fry!
In my rural area, the asking price would be $16-20k, but it would include at least a 1/4 acre lot.
"In my rural area, the asking price would be $16-20k, but it would include at least a 1/4 acre lot."
You couldn't even sell that house here in the Detroit area (or even downtown Detroit since most sales there are HUD), too many code violations, it would be a tear down.
Hey the weather sucks here but no one has a drinking fountain on their porch or "outside laundry"!
For your information, the owner thinks the water fountain is a bidet.
@ExquisiteCorp
I assume you're referring to my profile. No, that was the last city I lived in, not where I think Casey should go. Folsom State Prison is too cushy for our snowflake... which I guess would be perfect, on second thought.
Me, I'm loving that "sewer" is listed as a "feature."
Because what, the house next door has to empty its chamberpots into the street? Yowch!
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