Tuesday, November 01, 2005

Tam Valley Dump

This one story house in Tam Valley (Mill Valley) was built in 1947. Absolutely nothing has been done to it since then other than new windows and a new roof. No square footage is given but it looks really small. And how much is your typical herd-mentality buyer expected to pay for this? $749,000... three quarters of a million dollars for crying out loud! What a joke.

2 Comments:

Blogger marin_explorer said...

This home was last sold on 07/29/1993 for $215K--a damn nice markup for a beater home!

Calculating a (generous) annual markup of 5% from '93 gives us approx $380K today. The current selling price is 97% over that. Does this make any sense?

November 01, 2005 1:13 PM  
Blogger sf jack said...

Nope.

November 06, 2005 8:33 PM  

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