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.
posted by Marinite at 11/01/2005 12:34:00 PM
2 Comments:
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?
Nope.
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