Thursday, October 12, 2006

Novato "House Has No Value"

House has no value, but if you can clear the land, build your dream home in a beautiful novato location. Major work, not a weekend project!
Hmmm... "clear the land" + "build your dream home" = "not a weekend project". I am so glad that I can rely on the acumen and clarity of thought of Marin real estate agents to let me know that building a home is not a weekend project. Otherwise, I might have hurt myself.

"House has no value". Finally, the truth. And that must be why there is no photo for this one. This house-of-no-value comes in with 3 br 1 ba (each of which has no value), 1280 sq ft of no value, built in 1926. Since there is no value you would think it would be asking something close to $0 but you would be wrong; it's asking just $499,000. Thank goodness they are not asking for a half mill because then it would be overpriced.

"a beautiful novato location". I admit I am not all that familiar with Novato but judging by this Google Map image it does not seem to be located in such a beautiful location...smack dab in the middle of the Novato flats:

Update: So I did the blogger thing and drove out there and took this pic of the house:


Anonymous Anonymous said...

Looks better than the tent their neighbor is living in!

October 13, 2006 1:43 AM  
Anonymous seatle price drop said...

Bizarre. That place looks better than 99% of the stuff you've featured on this blog.

Is it possible realtors are raising their standards?

By the looks of it, they MUST be. Surely the word "cute", at the very least, would have been applied 2 months ago.

October 13, 2006 6:39 PM  
Anonymous Anonymous said...

What about charming damnit? This pace is a flippin' charming- cottage-starter home.


October 13, 2006 9:31 PM  
Anonymous Anonymous said...

This house is within walking distance to many stores and restaurants, which is nice. However, there is a large apartment building located behind this house and it is noisy. Finally, if I had to guess: termite damage.

October 13, 2006 11:03 PM  
Blogger marin_explorer said...

Doing a quick check, I find the land is .3 acres. Decent sized lot, but looking at that photo, why would anyone spend an easy $1M to build a new home there?

October 14, 2006 9:31 PM  
Blogger Dana Muise said...

oh my god. The agent desperately needs that commision to buy more crack.

October 17, 2006 9:28 AM  
Anonymous Anonymous said...

Wow. It does look better than most Marin homes. It looks like something you might find in Southern Oregon where if you have front teeth, you wouldn't pay more than 50,000 for that hunk of sh@T.
See you at the Corte Madera Town Center with the turkey!

October 23, 2006 9:03 PM  
Anonymous frank said...

To provide some perspective on these insane Marin prices, you might want to occasionally feature some houses from elsewhere in the country. For example:

Starter homes:

Luxury homes/estates:

November 16, 2006 5:19 PM  
Anonymous frank said...

Replace that second rochester listing, which lacks a photo, with this, which HAS a photo:

November 16, 2006 5:39 PM  
Anonymous Anonymous said...

Update your page already, slacker!!!

November 18, 2006 12:16 PM  
Blogger Marinite said...

I am a slacker. But come on, there's very little new on the Marin MLS. Just the same old POSs that I've already posted about and they still haven't sold. I'll update this page when something strikes me as too good to pass up.

November 27, 2006 5:23 PM  

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