Friday, November 25, 2005

Living the Mac & Cheese Lifestyle in San Rafael

Isn't this just lovely? This San Rafael PoS, built in 1948, has the shower-over-the-tub thing going for it, an industrial chain-linked fence in the back, unkept grounds, wall-to-wall mangy carpet, no upgrades, really nothing special at all going for it. It's you're perfect Marin dream house, isn't it? This is what people mortgage themselves to the eyeballs for, right? "Look honey, this is the perfect house to raise our kids in and live to the fullest the Mac & Cheese lifestyle that we've so dreamed about." It's just so worth every penny of this PoS' $755,000 price tag to live in Marin. If you got a 30-year fixed interest loan at a low 6% and put 20% down you would need to have an annual salary of $181,500 just to qualify for the loan. Is this the best that a $181,500/year income can buy?


Blogger marin_explorer said...

This house was last sold in 1998 for $263K, and now listed on 11/23.

Apparently they've upgraded "kitchen & bath w/tile and corian,all new double pane windows". However, I doubt a few cheap windows, new tile, and corian counters should add more than $75K to the asking price. I'd assign a real market price today of $450K, perhaps less given the neighborhood and proximity to 101.

For someone making $180K per annum, that's indeed a "cheesy" place to come home to!

November 26, 2005 8:25 AM  
Blogger Marinite said...

I don't think tile and corian counts as an "upgrade". More like a replacement. I've noticed realtors use positive sounding buzzwords like "upgrade" whenever there is an excuse to use them.

November 26, 2005 9:20 AM  
Blogger marin_explorer said...

LOL, perhaps not, but I'm going to bet the seller expects something for it. And right...realtors will do anything for visibility--merited or not.

November 26, 2005 8:55 PM  
Anonymous by_palladium said...

Wow, it looks like the shack I used to rent in Sun Valley San Rafael. 2 closet phobic bedrooms, raffia/ratnest insulated walls and a ceiling so low I could jump and hit my head on any part of the house. Only 1850 per month. Happy I moved up to the land of pied la terre and shabbie shiek.

November 28, 2005 8:29 PM  
Blogger Marinite said...

by_palladium -

You insolent *^&%$#@!. How can you say that about Marin? MARIN! Don't you know that in Marin it's a "Le Petite Chic Something-or-other-in-french"?


November 30, 2005 2:23 PM  

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