Deal of the Century in Daly City: Auctioned Houses
Oh. My. God.
This is the deal of the century: starting bid, $219k. Previously valued to: $815k $850k (Thanks to this site!)
If you’re not bidding for this house, I don’t know what’s wrong with you. Obviously the final bid will be closer to $1 million than $219k, so now’s the time to open your checkbook and buy the Daly City house of your dream!
Yellow house, you still have me at hello.
(Thanks to Burbed reader Tracey for this find!)
January 14th, 2008 at 8:22 am
Back in PA, you’d expect that place to top out at 219K. Around here, it seems insanely cheap!
And no doubt some sharp young businessman will buy it in the mid-300s, and then immediately drop it back in the listings at “market value”. On the way home from the RE office they’ll drop by the Porsche dealer and buy a new Boxster, borrowing against their soon-to-be-realized profit…
Side note: I see that the property is right next to “San Bruno Mountain State Park”. Around here, “State Park” is a code phrase for “land that is too steep to build houses on”.
January 14th, 2008 at 8:22 am
“PA” meaning Pennsylvania, not Palo Alto.
January 14th, 2008 at 9:04 am
Starting Bid lol!!! I’d pay $100k for it because I think I could hustle up the payment each month, I think. But it’d be a rip at anything more than that.
Selling junk at swapmeets, maybe take in a renter, street musician’ing you know, the up and coming jobs in the BA.
What an ugly POS though.
January 14th, 2008 at 10:05 am
Is that astroturf on the roof?
January 14th, 2008 at 10:17 am
Just curious which site do we get to see auction properties at? Is it a paid service?
January 14th, 2008 at 10:21 am
The link for that house was:
http://www.ushomeauction.com/property.php?auctionID=H-017&itemID=11448&venueId=75&start=0
January 14th, 2008 at 1:36 pm
>>Obviously the final bid will be closer to $1 million than $219k, so now’s the time to open your checkbook and buy the Daly City house of your dream!
Well it wouldn’t sell for 515k, so let’s say BEST case.. the seller gets 500k. That’s a hell of a lot closer to 219k than it is to a million…
January 14th, 2008 at 1:36 pm
>>Obviously the final bid will be closer to $1 million than $219k, so now’s the time to open your checkbook and buy the Daly City house of your dream!
Well it wouldn’t sell for 515k, so let’s say BEST case.. the seller gets 500k. That’s a hell of a lot closer to 219k than it is to a million…
January 14th, 2008 at 5:45 pm
It’s probably those sort of tar shingles with sand/grit embedded in them, plus a little Bay Area moss, which yes, would look like Astroturf!
January 15th, 2008 at 7:00 pm
For all the times this has been listed and all the hundreds of thousands of dollars that the price has dropped, couldn’t somebody have slapped on a coat of paint?
January 16th, 2008 at 8:39 am
A comment on my blog http://sfbay.redfin.com/blog/2008/01/serious_slash_and_burn_in_oakland.html
recommended I check out your post. From Zillow’s data previous sales history for 1125 Hanover is as follows:
04/20/2007: $558,763
05/30/2006: $815,000
04/05/2004: $575,000
Anyone know the final bid?
January 21st, 2008 at 11:31 am
Still listed as being up for auction on Feb 25th. Follow the link above to usauction.com.
http://www.ushomeauction.com/property.php?auctionID=H-017&itemID=11448&venueId=75&start=0
February 22nd, 2008 at 10:31 am
Did you read the terms and conditions? Secret reserve price, and be sure to add 5% to the amount bid to pay the auction.
Maybe, just maybe, I’d consider it at the starting bid price + 5%.
940 sq ft? As is sale? No thanks, I’ll wait till there’s no reserve, thanks anyway.
And paint. They’d have to paint the damn thing first. That’s not up for negotiation.
June 15th, 2008 at 1:25 pm
Sold for $467,500
4/3/2008 $467,500 Grant Deed Resale HSBC Bank USA Natl Deutsche B Lee, Benjamin 701049215