March 23, 2011

Very Vital Venture Value in Vibrant, Vigilant Vallejo

imageHope everyone enjoyed yesterday’s Vallejo field trip, because we’re returning to the first California city to declare bankruptcy!  Despite managing to stay current on its bond debt, any place of comedy gold such as homeowners pouring cooking oil on their fences to repel excess prostitutes has to have real estate worthy of the Burbed treatment.

And fortunately for you, Burbed reader sfbubblebuyer has found just the place.  You are going to love this one.

745 Georgia St, Vallejo, CA 94590
$769,999

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BEDS: 7
BATHS: 2.5
SQ. FT.: 3,382
$/SQ. FT.: $228
LOT SIZE: 6,500 Sq. Ft.
TYPE: Detached
STYLE: Victorian
STORIES: 2
YEAR BUILT: 1908
COMMUNITY: Vallejo Heights
COUNTY: Solano
MLS#: 40148113
SOURCE: EBRD
STATUS: Pending
ON REDFIN: 222 days

Located in the heart of Vallejo, this 3382 sq. ft home has 7 bedrooms and 2.5 baths in the Heritage Area of downtown. Extra rooms downstairs can serve as study and/or work rooms. Recently renovated, this home has hardwood floors. Escrow#502-7525 in Placer Title Vallejo

Here’s what sfbubblebuyer has to say about this house:

$770k to live in Vallejo.  Still within walking distance of the hookers.  It sold for 766, then foreclosed for under 300k.  Then bought for even less, now flipped back on the market for more than the peak pricing.
W…T…F…

imageWalking distance of the hookers?  That’s not a bug, that’s a feature!  Can you say… bordello?  Come on, this place has 7 bedrooms, plus extra rooms downstairs that can definitely serve as study and/or work rooms.  The property history came from BAREIS, wink wink nudge nudge.  The agent all but spells it out: this home has hardwood floors.

Just imagine all the work you could get done in this one featured room alone, at left! Century-old brickwork ensures nobody leaves without payment in full.

Now look at this location, location, location for a high-traffic business!

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imageConvenient to Highway 29, on a corner for easy access, plus you can put in a discrete exit for your high-powered clients.

See the lucky guy in the mirror on the left?  Bet he didn’t know about the home’s built-in videocam system, clearly the inspiration for Vallejo’s plans to deal with aggressive street business.  So not only will the city’s police efforts drive traffic to your (closed) doors, you can generate a second line of income by selling souvenir photos!  Your clients will be delighted to pay premium rates for exclusive copies, too!

Don’t let a little thing like this place going pending after 222 days stop you!  Obviously it’s not really in contract, since the listing history isn’t updated.  That’s just a marketing trick to make you get more excited, wondering how firm the other offer really is.  You need to batter down the agent’s door and make your best overbid so you can start doing Vallejo business now!

Comments (13) -- Posted by: madhaus @ 5:04 am

13 Responses to “Very Vital Venture Value in Vibrant, Vigilant Vallejo”

  1. sfbubblebuyer Says:

    I think it’d be a good house for a serial killer as well. How often do you get a good basement for torture/body storage in the bay area? Not often! Plus, close to hookers for victims nobody will miss, and in a city with a downsizing police force!

    No need to slash prices when you’ve found the perfect place to slash throats!

  2. madhaus Says:

    #1, you’ve got such innovative ideas, I don’t understand why you haven’t already bought this place and set up a Web 3.1 business already. Use the cubicle house as your inspiration and run three shifts: reservations, contract web design, hookers, plus a sideline in snuff films.

  3. A. Lewis Says:

    that’s a ‘special’ home. When the buyers ‘fall in love with it’, think how much they’ll be willing to overbid!

  4. gallileo Says:

    The marble columns make this place way too classy for a business. This is clearly an elegant retreat, designed for today’s lifestyles, containing an open floor plan that is terrific for entertaining.

  5. Joe Says:

    Hilarious! :D The realtor must be related to #1.

  6. anon Says:

    Lol – from Palo Alto to Vallejo, homebeggars are everywhere.

  7. SEA Says:

    We know that it’d be much better for society if the homebeggars ‘broke the cycle of renting’ by borrowing and paying rent on money. Sure the property taxes would shoot up high, but think of that mortgage deduction on the income taxes–who cares if essentially the same deduction would be taken if it were a leveraged rental.

  8. corntrollio Says:

    The price is great too — it has 69 in it!

  9. Georgia Street Home Owner Says:

    Hi all–

    Too funny. I was googling my address to see what popped up and voila! I found you. Yes, I bought 745 Georgia at auction April 2010 for $215k. No marble columns, all solid wood dating back to 1900, except the flooring inside…cheesy laminate on top of killer asbestos vct on top of wonderful tongue and groove douglas fir. Oh, but getting to the original flooring is awful. Quite the project.

    The guy you see in the ‘mirror’ is some random dude all right, but it’s not a mirror, it’s a window that was put in the wall between bedrooms. The guy who paid 766k turned the house into a Catholic Social Services Center and used the bedrooms as offices. Really did damage to the grand entrance hall wall where they put one, cutting into what was once lovely paneling.

    Technically it’s 4380 sf; 3 stories, 22 rooms. Wonderful architectural details throughout.

    And the hookers? Oh my. Nothing compared to the drug dealers, gang war shoot outs in broad daylight, lack of a fully staffed police force, with a large swath of the youth population with their pants on the ground. Classy!

    Why move there? Well, in my case it was moving closer to the Bay Area for work. The ferry ride to SF is awesome. Still, Vallejo grows on you. You’ll have to trust me. Just build a really tall fence, string it with electric wire, get a War Dog with badass sharp teeth, and it’s all good. Having weathered my first year in the ‘Jo, I’m ready for the zombocalypse. And at the rate of speed with which the country is going to crap, I suggest you all get ready too.

    But…Vallejo does have the annual pirate fesitval and quite possibly the best weather in the country. Cool and sunny most every day. No SF fog or central valley heat. Pluses.

    Oh, and that funky brick room downstairs? It’s a wine celler.

    But torturing intruders could certainly be a possibility!

    Take care all.

    ‘Jo Dweller

    ps. I haven’t heard about the cooking oil trick. Thanks for the tip :-)

  10. steve Says:

    welcome! perhaps the best first post ever.

  11. SEA Says:

    It never ceases to amaze me how happy buyers end up when they buy at less than 33% of the last sale price.

    “For $215k I purchased what sold for $766k a few years ago. The last ‘owner’ took a 72% loss. And guess what, after buying a big home for way less than ‘not a lot of money,’ I’m happy.”

  12. madhaus Says:

    I agree, #10, #9 is an awesome post. It came in on Wednesday and unfortunately went straight to spam (not the moderation queue) so I didn’t discover it until last night. I changed the date and time so at least it would show up on the recent comments list.

    So, Congrats, Georgia Street, you’ve unlocked the Bought A House Featured on Burbed Achievement! (see yesterday’s thread)

    There were also several comments from a regular that went to spam too. Rescued back into the Abbrevs thread from last week.

  13. Real Estater with some good news Says:

    This is actually quite a house. I suggest the following:

    Move the house to Palo Alto and restore it. Use the vacant land in Vallejo to charge for parking.


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