Monday, May 15, 2006

Mill Valley Outhouse

"Fixer upper on great lot in the sycamore park area. Property to be sold as is."
That's all the realtor said in the description. If she was my realtor I'd fire her for sure. Unless they are not paying her the 6% commission then I guess it is ok. I mean, if it was me I'd write something along the lines of:
"Run-down, dilapidated, ugly-arse Mill Valley POS "charmer" chic-pied-terre needs a truckload of TLC or else needs to be razed before you can even think about moving your family into it even if you have to live on Top Ramen and/or PB & J for many years to come then don't worry, be happy because they aren't making any more land don't you know and you don't want to be priced out forever because everyone wants to live here and besides I know a lender who can get you an affordable mortgage no matter what your situation even if you are a dead homeless person."
A POS like this only goes to show that if there is any value in Marin property it is in the land. But then, why do Marin condos and townhouses cost nearly as much? Just goes to show that buying real estate in Marin is most definitely not a rational process and the buyer's money apparently has little value (it's a borrowed/inherited vs. earned thing). Anyway, this POS is in Mill Valley, 1032 sq ft, 3 br 1 ba, built in 1942, and is asking $849,000.

9 Comments:

Anonymous Anonymous said...

That thing has three bedrooms? Where?? It doesn't even appear to have a front door!

May 16, 2006 12:53 AM  
Anonymous wontgetfooledagain said...

Since this is in the Sycamore Park area, they will have no problem getting the asking price. This house won't last two weeks on the market. Of course, it will be torn down & a more suitable Eddie Bauer-type house will be built to replace it.

May 16, 2006 7:28 AM  
Anonymous Anonymous said...

Man, is that ever depressing!

$850K for a building lot. Will this madness never end?

May 16, 2006 9:50 AM  
Blogger Marinite said...

For the record, just because I post a POS on this blog it should not be concluded that I am predicting it won't sell. I make no claims about whether it will sell or not. In fact, as long as this mania continues I am sure it will sell. Personally, I hope it does sell and sells for a reduction. The only way for house prices to come down is for houses to actually sell and sell for a reduction.

May 16, 2006 10:09 AM  
Blogger marin_explorer said...

Just a thought: for homes that look like candidates for the scrape & rebuild, knowing lot size would help judge their potential "value". In this case, the lot is .143 acres--not large by any definition.

Marinite, you've provided the best response to the PoS gallery: writing mocking, pathetic faux-MLS listings:

This quaint fixer in prestigious Mill Valley has huge potential as a slightly larger, quaint home on .14 acres. Don’t miss this unique opportunity! So hand over your salary for this charming 1000 sqft cottage, while your wife condemns the lack of space and your kid bounces off the walls. Take pride you’re now in lovely Mill Valley, as you visit the downtown restaurants and shops, wishing you had a little money to spare. This is the “good life” after all. But what about a second job for you or your wife? You could get a realtor license like 1500+ other Marin residents; you can’t go wrong with Marin real estate! Potential! Potential! Potential! Just think what an extra $750K could do for this property; the possibilities are limitless. That is, if you can hope to afford anything after your mortgage. But don't worry, you’ll love Marin, even it means giving 10+ years of your life in this shack, numb and migrained with a fatigued wife and screaming child. Enjoy!

May 16, 2006 11:09 AM  
Blogger sf jack said...

Roger Daltrey or Pete Townshend said:

"Of course, it will be torn down & a more suitable Eddie Bauer-type house will be built to replace it."

What is an "Eddie Bauer-type house"?

I think I remember when Eddie Bauer sold overcoats and hats for inclement weather.

May 16, 2006 11:48 AM  
Blogger marin_explorer said...

What is an "Eddie Bauer-type house"?

I suspect they mean the large neo-craftsman, cedar shingled rebuilds I see from Mill Valley to San Anselmo.

May 16, 2006 11:58 AM  
Blogger Marinite said...

Just a thought: for homes that look like candidates for the scrape & rebuild, knowing lot size would help judge their potential "value"

Will do.

May 16, 2006 1:36 PM  
Blogger john_law_the_II said...

the only problem with tearing that house down is there doesn't really seem to be a lot to build on...

May 16, 2006 1:39 PM  

Post a Comment

Links to this post:

Create a Link

<< Home