Thursday, October 26, 2017

Ojai So High

Cute little mid-century on 3/4th acre.

1354 Carne Rd, Ojai, CA 93023

2 beds 2 baths 1,232 sqft

Then the insanity started:
10/04/17Price change$1,295,000 -3.4%

08/22/17Price change$1,340,000 -6.0%

05/08/17Listed for sale$1,425,000 +26.7%

06/08/15Sold$1,125,000 -2.1%

05/05/15Price change$1,149,500 -3.8%

04/24/15Listed for sale$1,195,000 +82.4%

08/01/02Sold$655,000

 Property taxes in 2001 were $609 per year.  Property taxes now are $12,430 per year.  Cute shouldn't cost well more than a million.  

13 comments:

sm_landlord said...

That little cutie looks like bulldozer bait to me.

It's senseless to pay that kind of rent (taxes) for a "cute" little shack, let alone the price of entry...

Unknown said...

Looks smaller than 1200 sf.

Lawyerliz said...

Agree Ruby.
.

Rob Dawg said...

Wouldn't surprise me that the 1200sf included the patio under roof. Also; "An additional structure features the third bedroom and bath offering your guests a little privacy when desired or use it as a studio for your creations. " Probably includes that. It might not be clear but you can click on the address in the post to go to the zillow listing.

Lawyerliz said...

Surely they don't expeCT it to sell for that.

LBD said...

Oh Who? Crazy money and property taxes to boot. IMAO!

Cinco-X said...

Rob
How the FoMoCo stock doing?

Rob Dawg said...

I fully expect this "cutie" will go for $1.1-$1.2m and shortly.

Notice that property taxes are quite a bit above the Prop 13 supposed 1% cap.

Ford. I have a partial sell order active until close of market today. $10.90 basis for the 1k shares I used as an example of my money/mouth would be sold at $12.28. Let's see. Nota bene. I never talked about my total Ford exposure or position.

Rob Dawg said...

I misspoke. I expect this "cutie" to either go for $1.1m - $1.2m soon or go off market because the "owner" will take it off the market unwilling to give it away.

sm_landlord said...

The current "ower" appears to be rather deep under water, unless a greater fool comes along. So dropping off the market is a distinct possibility.

Lawyerliz said...

Rich!!
You are rich!

Lawyerliz said...

To me, the first price mentioned.

Lawyerliz said...

Is Totally ridiculously high!