Sunday, December 02, 2007

410 Avocado New Price Buy Buy Buy

Can I pick 'em? Just too sweet. If this knife falls any faster some lesser fool is gonna grab it and then I'll have to wait and take it from them when they default. After all who wouldn't want their own Koi Farm? Note that true to form the lawn has gone brown.

REDUCED AGAIN! Los Posas Estate that needs help! Great location, large lot, pool, spa, and two story house with a four car garage that opens to the backyard. So much potential here. Has the remains of a Koi farm with separate breading pools on the right side of property in the back. Check with the HOA regarding the use. Could be a fabulous estate with a lot of TLC.

Anybody witn a penchant for catching knives can look at the listing.

What prompted this update was the drive through my neighborhood this afternoon. In 2004-05 there was no need for "For Sale" signs. If you had somebody on the inside track they might let you join the bidding war or place an additional backup offer. Today the street corners were crowded with "Open House" directionals. A quick perusal shows nearly all of them "Priced To Sit." Looks like we are a year behind North County San Diego. As another indicator today's fishwrap headline was a piece on what Amgen employees are doing after leaving the company. The DQNews tells the story. Well, half the story. Well , half of the half of the story. Sales are half but the scoop is half of those are not "arms length" transactions. An arms length transaction isn't about adjustable rate mortgages but rather the rekaionship of the buyer and seller. Some may be, and I stress only may be buy out packages. Others are gamily transfers, estate dispositions, etc. 810,000 people and 443 SFR/Condo transactions is noise.

And our friend 410 Avocado? $884,900. Almost exactly double my price point. Waiting, waiting, waiting.

34 comments:

Ogg the Caveman said...

Murst!

Still not a sweet deal? Too bad. I want my own koi farm.

Rob Dawg said...

strangely zillow shows the amazing $1.2m zestimate. gmafb, they still don't get it.

Lou Minatti said...

"Has the remains of a Koi farm with separate breading pools"

Which grocery store offers farm-raised koi? I've never filleted a koi, much less breaded one.

Akubi said...

I hate avocado in my sushi and I'm quite upset that Sian the Cavegirl shaved her cute, natural bush.

@Lou,
So you have frozen breaded fish sticks right out of the pool. No packaging necessary. Sweet deal!

Rob Dawg said...

koi bread up nicely. just be sure to catch them with fishnets.

akubi, au natural has its appeal but spare is rare. unfortunately 410 avocado has perhaps three nights of freezing per decade and those mild. i suspect with UHI it may never freeze again in my lifetime. today was about as 'nasty' as it gets around here. upper 40s to get the newspaper, barely 70 at the warmest.

Funny Circus Bears said...

That place is nasty.

Edgar said...

Note that true to form the lawn has gone brown...

Brown lawns are ecologically sound.

Tyrone said...

I think what Edgar is saying is...
"Brown is green!"

Centipede said...

I have created a new blog dedicated to Sian's lost muffy muff: Church of the Sian Bush.

Ogg the Caveman said...

Somewhat relevant: Big growth, big fight over water

More than two years have gone by, but it still galls Joe Peck that he was ordered to shut off water to the whole city of Roslyn while the owners of the new, supersized homes just out of town got to keep watering their lawns.

Water rights aside, it amazes me that people are willing to live in the Kittitas Valley and work in Seattle. It's easily a two hour commute one way in good weather and traffic, and Snoqualmie Pass can sometimes get nasty in the winter.

Lou Minatti said...

Rob,

Here is an interesting site for discussion:

http://www.shrinkingcities.com/

Ogg the Caveman said...

This is probably old news to everyone here, but it's interesting to see it covered with such urgency by a mainstream outlet. This time, market players seem truly horrified — because they’ve suddenly realized that they don’t understand the complex financial system they created.

w said...

Looks like there is plenty of exterior dry rot. White X's on the decks from previous inspection. Isn't it bad for the pool (Koi mega pond) to be dry so long?

Peripheral Visionary said...

And my point is that brown lawns are mostly caused by the sun.

(Ahh--the "good old days." You know, there are days when I would be interested in reading a quick summary of what's currently happening with Casey--and then there are days, like today, when I simply don't care anymore.)

Ogg the Caveman said...

And my point is that brown lawns are mostly caused by the sun.

So is algae, which is all the more reason to keep that koi pond drained when it's not in use.

aaron said...

rob,
what was the original original asking price for this shithole i mean home?

Rob Dawg said...

$1.2m when it still had whiskey bottles and broken glass.

I can already see its future. A desperate general contractor will get this in the spring for high $600s and gut the place. Then they'll hit a financial wall (septic, zoning, layout, county fees) and work will stop at the gut phase and stripped landscaping by the start of 2009.

Peripheral Visionary said...

I think what the advertisement is missing is a little more emphasis on the passive income™ potential of the koi (that is a kind of fish) farm. You could raise koi, bread them (in the breading pool, of course), and sell them to a local fish vendor for, what?, $200 a month? Sweet™.

Edgar said...

I thought good koi were worth like $25k each? We had an emu bubble about twenty years ago. Those things were high dollar. Now they run around loose in the backwoods of Oklahoma. Aaooga! Aaooga! Did anyone hear that?

ha38349 said...

So how much of this hypothetical price is for the land vs the house?
The house seems unremarkable and at nearly 30 years old is worth maybe $100 per sq. ft.

Rob Dawg said...

The true value resides in location, land, development grants and surrounding land uses. The sticks and stucco are trivial. In this case I'd venture that the s&s are actually a negative. I'd scrape the lot clean to live there. I'd keep the shack to rent at that prices and in the economy I'm anticipating.

Legion said...

Ok, I've seen some pieces of shit in my day..but still, no granite counter tops, a pool that probably leaks or has cracks, a koi pond for "breading"? Do they just jump in thru the window to get fried? Most importantly, NO CENTRAL AIR!!!
Also, the way it looks tilted in the photo..I mean shit, is this thing even level?

Legion said...

take a look at the third pic, the one with the staircase and the door, look at the corner before the door and compare it to the corner near the stairs..do they look parallel? Noooooo....

Rob Dawg said...

Legion,
The house is square and solid. Not the concern here. The house is a freakin' puzzle palace with steps and stairs and landings and pits and alcoves and nooks and crap. Pergraniteel is cheap compared to the real problems with housing these days.

Funny Circus Bears said...

Land cost minus demo. cost minus discount = price.

ha38349 said...

I wonder if the Koi ponds are granite? That would do it for me!

Rob Dawg said...

FCB,
Bingo. Okay, I owe you more than the stupid answer. In most normal cases yes, demo costs should be subtracted but California is special. If you have existing bedrooms and parking spaces the rule is to "preserve" their existence. Schools routinely charge tens of thousands for "new" bedrooms for but one issue.

Legion said...

The house is a freakin' puzzle palace with steps and stairs and landings and pits and alcoves and nooks and crap


so er Rob..is this the Winchester mansion or what?!?!

Ogg the Caveman said...

@ Legion:

You're probably seeing a distorted photo of parallel corners. That kind of distortion is very common with cheap zoom lenses of the sort that almost everyone uses.

Legion said...

@ogg

I checked out the realtors listings, she has 4, total is about 3 million. let's see, 3% (other 3 goes to buyers realtor) minus 1.5% (goes to her broker) and she has the potential to make about 45 grand. Cheap zoom camera? Yeah, I believe it. That's if she can even make a sale this year.

Lou Minatti said...

Maybe it has a really great view, which would explain the price. Otherwise, that is one fugly house, and the yard is highly unspectacular. If I lived in a house that cost that much I'd landscape instead of having an un-landscaped, ugly-ass brown lawn.

Akubi said...

I'd like a sweet Winchester mansion deal a hell of a lot more than that Avocado disaster.
Speaking of koi, Zillow Book is presenting a new fishnet fishy treat Evi in a Turgid Koi Fishnet.

Centipede said...

Oh please,
Shirley MacLaine is currently explaining quantum physics, UFO's and Buddhism on Tavis Smiley. What drugs is she taking?

w said...

Any thoughts on the Westwinds auction Rob? What does it do to the project they have started on Harbor and 5th St?