Thursday, November 03, 2005

Buy It Before It Falls Apart (Again), Please

This 2 bedroom house, way out in Fairfax, built in 1958, is described by the realtor as a "Ny loft style home". I'm not exactly sure what that means but my realtor dictionary says it is synonymous with "it's a PoS". According to the write up the current owner has gone to great lengths to fix things up like patching the leaky roof, fixing the drippy faucets, replacing the rickety deck, fenced the yard, oh, and did I mention that there is parking? Phew, that's a relief...parking. And no, the house in question is not the one hanging from the tree branch. So how much would you pay for this PoS? Only three quarters of a million dollars folks -- that's right, $750,000 and this little den of hippiedom could be all yours.

2 Comments:

Blogger marin_explorer said...

This home last sold for $330K in 11/01.
Unless something significant was done to the property, that's 150% appreciation over four short years! That is, if the seller finds an uninformed buyer.

Anyone considering buying a home today should consider how much appreciation is actually justified--and will be supported long-term.

November 04, 2005 9:13 AM  
Blogger marin_explorer said...

correction: the actual increase is 127% since 11/01

November 04, 2005 9:22 AM  

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