December 8, 2012

No entry allowed under any circumstances

121122-blackfridayThis is our last CHEAPEST HOUSE IN THE WHOLE COUNTY OMFG entry.  With Solano County’s turn, we’ve run out of Bay Area counties to feature in our Black Friday Deals Deals DEALS, which of course will run right up until Christmas Day.  Future deals will find you the best value in select Bay Area cities (and by “select” we actually mean whatever we want that to mean, optimizing for maximum pointing and laughing).

121207-adams-redfin1328 Adams St
Fairfield, CA 94533
$30,000

3 Beds 
1 Baths 
1,277 Sq. Ft.
$23 / Sq. Ft.
Built: 1954 
Lot Size: 5,227 Sq. Ft. 
On Redfin: 17 days
Status: Active
Property Type: Residential, Detached, Single Family
Stories: 1
County: Solano
Style: Ranch
Community: Fairfield
MLS#: 21226257

Home sold for land value only. Home has suffered extreme fire damage and is unsafe in current condition. No entry is allowed under any circumstances.

Maybe you could pick this one up for Chanukah tonight? It will cost less than many new cars, and remember, they’re not making any more land! With prices like these, even the furthest reaches of the Bay Area are hot, hot, HOT! (Disclaimer: Property currently at ambient temperature.)

There’s instant equity galore, as this house sold for $112,000 in (hold on to your jellybean bag) 1990.  This is not only a fire sale, but a foreclosure too.  Here’s what it looked like back in 2009.

121207-adams-streetview

There’s something about the feng shui of this house that led to fire prevailing against the overdone water element.

And a quick glance around the neighborhood in 2009 shows it was reasonably well-kept, but there’s an unusually high pickup truck to automobile ratio.  But on the bright side, it has a Walk Score of 72.

Comments (2) -- Posted by: madhaus @ 5:02 am

2 Responses to “No entry allowed under any circumstances”

  1. wahnny Says:

    The property was purchased in 2011 at a foreclosure auction for $125K, and the county (re-)assessed it at $96K. And now it’s being sold (again as a foreclosure) for only $30K? Seems odd. Perhaps the fire happened more recently than the pictures portray.

  2. SEA Says:

    The question is, How much ‘instant equity’ exists in the land value?


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