Monday, March 27, 2006

A Most Lovable PoS

Love your PoS. Embrace it. Become one with the Marin PoS lifestyle. This 2 br 1 ba (built 1925), 976 sq ft stucco PoS is described by the realtor as "Classic downtown mill valley bungalow...A most lovable home with lots of potential". 'Lots of potential' -- all that has really been done to it is a fresh coat of paint. Asking a jaw-dropping $1,099,000. That's $1,126 per sq ft for a "bungalow". The amount of rationalization and self-justification that must accompany paying this kind of money for so very, very little must be staggering and would no doubt result in the publication of a number of peer-reviewed academic articles in prestigious journals.

13 Comments:

Blogger john_law_the_II said...

hey, at least it looks like you don't need to mow the lawn.

March 28, 2006 10:37 AM  
Anonymous Anonymous said...

> "only an easy couple of blocks from the village"

Its .6 miles and 9 blocks to downtown Mill Valley, at least to the square.

I ran by it a few weeks ago and one of its front windows was duct taped together.

I often wonder if Mill Valley realtors have some sort of contest to see how much they can get away with when selling a house. (The burnt out mattress in one of the pictures for the listing for 388 E. Blithedale takes the prize for me.)

March 28, 2006 1:04 PM  
Anonymous Anonymous said...

It's the white picket fence - I think it makes potential buyers take leave of their senses.

March 28, 2006 1:57 PM  
Blogger sf jack said...

That's right - imagine the savings with no lawn to be mowed.

And yeah, I like the spray-painting of the picket fence, where "they" also covered the walkway just below the corner closest to the picture.

Not really a million dollar paint job.

March 28, 2006 6:13 PM  
Anonymous rejunkie said...

Hah! I didn't even notice the overspray. Note that the fence partially obstructs the foot path, as if they got pre-cut 8' runs of fencing that they did not want to cut short to put the last post actually in the, ahem, landscaping.

March 29, 2006 11:12 AM  
Blogger Riskbabe said...

And yeah, I like the spray-painting of the picket fence, where "they" also covered the walkway just below the corner closest to the picture.


Sweet.
Thanks for pointing that out.

March 29, 2006 12:40 PM  
Blogger fredtobik said...

"that the fence partially obstructs the foot path"

LOL


I sure wish there was an easy way to see what these POS's sell for, this is too funny.

March 30, 2006 9:46 AM  
Blogger VO5 said...

In 10 years we'll look back and say man I should have bought a few more of those when the prices were low.

March 31, 2006 2:33 PM  
Blogger VO5 said...

in 10 years we'll all be kicking our selves that we didn't buy a few more of there, it seems rediculous but not in 10 years, thankfully I bought a few back when many thought it was crazy. inflation never stops

March 31, 2006 2:36 PM  
Anonymous Anonymous said...

Inflation never stops..until..the dollar crashes

March 31, 2006 4:11 PM  
Anonymous tom stone said...

compared to 900 106th ave in oakland which just sold for $312,000,this place IS a bargain...at least you don't have to hire an armed guard to make sure no one steals your pit bull in marin....

April 03, 2006 10:21 AM  
Anonymous Anonymous said...

yes, can some one explain again why the fence runs over the walkway?

April 03, 2006 10:39 AM  
Blogger leewhee said...

It's a teardown. You buy it for $1.1M. Then spend another 100-150K to clear the lot. Then build one of those gargantuan houses that extend to within 6 inches of the lot-lines for about $600K. Total investment: $1.8-1.9M. Value upon completion: $1.5-1.6M.

Go for it!

April 04, 2006 2:00 PM  

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