To be fair, I wouldn't call that a shanty or dumpster from that angle.
Modest, uninteresting, boring, nothing special. But it seems fine from the outside.
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***Official Real Estate Thread***
- Thread starter One-Off
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To be fair, I wouldn't call that a shanty or dumpster from that angle.
Modest, uninteresting, boring, nothing special. But it seems fine from the outside.
I didn't want to take too many creeper pics to show off the warts. It's not falling down, but it's stained, and has all kinds of broken shingles, cracked everything, sagging roof, windows broken and poorly repaired, etc. Perhaps shanty was a strong word, but it is REALLY rough looking in person. Just dirty, run down, and unloved. I mean, it's habitable, which is something i guess
gotcha.I didn't want to take too many creeper pics to show off the warts. It's not falling down, but it's stained, and has all kinds of broken shingles, cracked everything, sagging roof, windows broken and poorly repaired, etc. Perhaps shanty was a strong word, but it is REALLY rough looking in person. Just dirty, run down, and unloved. I mean, it's habitable, which is something i guess
Good from far, far from good
I've seen run-down dumpy places with large square footage sold to "charities" for double the cost. The "charities" turn them into halfway houses full of bunks and collect $1k from the government per person.
It seems like all of the potential bargain properties in my neighborhood (Sunset SF, but really it's anywhere here) don't make it to market. They are run down, the owner dies, or goes into assisted living/moves out, or they finally get rid of their renters. Quickly, the movers come to clean it out, it gets gutted, then the job card goes in the window and the facelift begins. Then it arrives on the market for 1-2 million depending on the size and scale of the remodel.
That house is big and has a great location
it will be interesting to see how much it goes for and what the buyer does with it
im going to guess you get some family in there with some money, and the place gets a major renovation before they move in
Some people got lots of money
it will be interesting to see how much it goes for and what the buyer does with it
im going to guess you get some family in there with some money, and the place gets a major renovation before they move in
Some people got lots of money
We get door knockers and fliers under the door mat of folks looking to buy in our neighborhood.
id bet the same is happening over there. all cash, quick no contingency close, no buyer agent commission bc the buyer is the agent and broker, etc.
If it gets a high caliber reno (and it probably will) it may very well raise the property values for everyone within 5 blocks. it's a highly visible "marquis" location for the east end of LB, and it has a lot of lawn and garden which is rare for the President streets (and much of LB really)
Sounds similar to my neighborhood, in fact, recently a home with much maintenance deferred recently came on to the market.
Had talk to the neighbors next door and the backstory is:
a. 8 yrs ago, the mom died.
b. 7.9 yrs ago, the 45 yr old son moved back in
c. 7.8 yrs ago, new $250,000 car was parked on the street out front (what are you doing, park that thing in the garage!)
d. 6 yrs ago, that car was replaced by a new $100,000 car (what are you doing, park that thing in the garage!)
e. 5 yrs ago, that car was replaced by a used former $75,000 car (what are you doing, park that thing in the garage!)
f. 4 yrs ago, the BBQs started with much friends, a beater car out front keeps getting ticketed
g. 2 yrs ago, house went silent/dark, no more parties noticed, weeds/plants start taking over
h. 1 yr ago, notice of sorts goes up in window,
i. 6 months ago, crew rips up yard, new plumbing lines laid, foundation work, roof work, painting, etc, major renovation
j. two weeks ago, up for sale at $1.6 million
My guess is son took equity out, lived large, sold to all cash offer for peanuts, and likely the pattern will repeat elsewhere cheaper than SF.
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again, lol. What “big money” waits for the market to be completely safe to invest? Equity has been a bit more conservative than normal and debt has more expensive than equity which is weird, but it’s generally been back at it for at least the last few months. I guess the market needs dopes who buy late too.
Invesco for one
i said confidence, not certainty or safety - some buying is happening today. but it is very slow
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You're thinking of the wrong revolutionary tech.
[Retreats back to crypto thread.]
WeWork Bankruptcy Would Ripple Across Real Estate Industry
In reporting its earnings, or lack thereof, WeWork painted a grave picture of its future. Landlords swallowed hard.
therealdeal.com
"tech" startup at its level-best.WeWork Bankruptcy Would Ripple Across Real Estate Industry
In reporting its earnings, or lack thereof, WeWork painted a grave picture of its future. Landlords swallowed hard.therealdeal.com
City of Encinitas moving forward with purchase of Surfer's Point
The city of Encinitas is moving forward Thursday with the purchase of two parcels of land known as Surfer’s Point at the northeast corner of Highway 101 and La Costa Avenue in the Leucadia neighborhood.
www.nbcsandiego.com
Leucadia - not done?