September 23, 2011

Line Drawing of a House for Less than a Million!

Some homes are built on spec and the builder hopes for a sucker purchaser before construction is complete.  Sometimes an owner builds a Dream House and runs out of money along the way.  In both cases, a sketch of what the finished construction will look like is of great help in trying to sell the place.

Your job today is find out why this house has a courtroom artist’s rendering instead of photos.

 

23 Monte Avenue, Piedmont, CA 94611
$899,000

image

BEDS: 3
BATHS: 3
SQ. FT.: 1,978
$/SQ. FT.: $454
LOT SIZE: 6,250 Sq. Ft.
TYPE: Detached
STYLE: Craftsman
STORIES: 3+
VIEW: Bay Bridge, Golden Gate Bridge
YEAR BUILT: 1923
COMMUNITY: Central Piedmont
COUNTY: Alameda
MLS#: 40543313
SOURCE: EBRD
STATUS: New
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

Light and bright brown shingle located on one of Piedmont’s most beautiful streets. Amazing opportunity.

This is a mystery, all right.  Expensive town, great school district, bridge views, yet a one sentence listing with not one photo.  Here’s the Streetview:

image

imageThis house is so guilty it’s hiding behind the shrubbery.  Look, it’s even hiding from the eye in the sky using another tree!  Maybe there’s a courtroom sketch because you’re going to have to come downtown and bail it out.

imageDid they not draw the inside of the house because the seller doesn’t feel like cleaning up?  Is this house the serf hut for the bigger dark brown house on its right?   Is Burbed going to lose all credibility featuring a house in the East Bay?

So many questions, such amazing opportunity!

Comments (15) -- Posted by: madhaus @ 5:31 am

15 Responses to “Line Drawing of a House for Less than a Million!”

  1. Mole Man Says:

    Now there are a bunch of pictures and it is even more of a mystery. Looks great, wonderful view. Completely wrecked foundation? Indian Burial grounds? Perhaps both?

  2. madhaus Says:

    Wow, now it’s got 15 reasonably done photos. Obviously the real problem is the PORTAL TO HELL under the deck.

  3. The Gilroy Alex Says:

    Thank goodness it’s in the East Bay, that means I never have to go there.

  4. A. Lewis Says:

    Woohoo! Go East Bay!

    This is a steal – built in 1923 is practically brand new!

    It’s cheap because it’s not old enough to make the Historical Society Register (many places in Piedmont do!), so you have to factor that in.

    Don’t worry about those noises you hear at night – it might seem like the foundation crumbling, but it’s actually our equity building itself!

  5. sfbubblebuyer Says:

    Being that close to the Bay Bridge, I’d suggest a highway instead of a portal. But the destination is definite.

  6. nomadic Says:

    The house doesn’t look guilty to me. Just a bit shy. Looks like it’s the first time it’s been on the market in 50 years; it’s not used to so much attention.

  7. Real Estater Says:

    All,

    Don’t be distracted by the economic soft patch. America is still the greatest economy on earth:

    – Biggest and Most Productive Economy
    – Tops in Foreign Investment (e.g. RBA real estate)
    – World’s Top Global Brands (e.g. Apple, Google, Facebook etc)
    – World’s Best Universities (e.g. Stanford, Harvard, MIT, Berkeley, CalTech etc)
    – World’s Top Reserve Currency

  8. nomadic Says:

    Was the stock market down today?

  9. madhaus Says:

    Dow SORED!

  10. nomadic Says:

    It looks like the foreigners with suitcases of cash are being distracted from the RBA:

    One big factor in the divide is foreign cash, at least in the world of property. For international buyers, U.S. real estate is the new undervalued asset, the new fire sale, and foreigners are big buyers of luxury properties. International clients bought $82 billion worth of U.S. residential real estate last year, up from $66 billion in 2009. In states like Florida, international buyers account for a third of purchases, up from 10 percent in 2007.

    “Luxury properties are drawing buyers from all over the world,” says CoreLogic’s chief economist, Mark Fleming.

    That’s true even in such seemingly all-American enclaves as Detroit. Step off a plane at the city’s futuristic new airport and the internationalization of the Motor City is obvious. All the signs — as well as the announcements on the public address system — are in both Chinese and English.

  11. The Gilroy Alex Says:

    #10 WTF? I’ve never been in a US airport where announcements were made in any language other than American English, Chinese would be jarring to say the least.

  12. madhaus Says:

    #11, I’m fairly sure I’ve heard announcements in French at the international terminal at JFK (New York), but that could have been just Air France’s announcements. And that was a looooooong time ago.

  13. nomadic Says:

    #11, when I lived in Detroit a decade ago the announcements in the airport were often in Japanese. Made sense for the auto industry, but it was kind of weird to hear.

    Announcements for international flights are often in the destination’s language. It was fun to listen to the Lot announcements in Polish at Chicago O’Hare.

  14. SEA Says:

    #10- Investing in flyover land or Florida? I suspect that those foreigners don’t understand the power of the RBA.

  15. Sunny(vale) Kim Says:

    - Tops in Foreign Investment (e.g. RBA real estate)
    —-

    LOL! It got to be coming out from a different orifice. Definitely not from mouth.


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