Okay. So the house I’m going to show you isn’t a tear down. Not even close. But for whatever reason “teardown” was the only word I could think of that went with Tuesday. Though, now that I have a catchy title it might be interesting to show you houses that are for sale that are potential flips. Would you guys like that?
This house is partly responsible for why I missed posting a FFF last Friday. Sorry about that. I’d like to be a grown-up and take responsibility for shirking my duties but…why do that when I can blame someone else, right?!
Earlier in the week, my friend asked me to look at this house with him, and when he mentioned it had been flipped, you know I couldn’t resist. So instead of staying home and writing a post I went to look at this house.
The house is really well done and I thought I’d offer it up to you as a consolation prize. Alas, there are no before pictures of this house but the agent who showed us the house did a pretty good job describing the state it was in before the flippers worked their magic.
Apparently, the previous owner had gotten this house after she’d been written out of some big muckety-muck’s Will. This house was her boobie-prize for dropping her claim against the muckety-muck’s estate. She lived in it for 20 + years and by the time she sold it she was living in squalor: no heat, no electricity and no water.
The realtor implied the woman suffered from some drug issues. It’s an odd thing to say considering he represented her when she sold the house to the flippers. Maybe in Real Estate Law you can get away with getting drug addled people to sign over their property.
Or maybe not…the flippers spent two years trying to get the woman out of the house. The flippers had originally intended to live in the house but after two years of litigation they’ve allegedly moved onto another property.
The pricing on this house is bananas. It went pending for a bit but when that offer fell through, the price has been going up and down. The realtor said he and the flippers aren’t on good terms anymore, which is what’s lead to the yo-yo pricing. He can’t get them to agree to a price and they don’t really want to sell. I’m not sure how much anyone should believe anything this realtor says. This guy was so slick he could sell starving kids diet pills.
There is one odd thing about this house: downstairs on the ground floor there is a second kitchen. The realtor tried to sell it as a “master suite” with a kitchen. Before touring the house, I thought the downstairs area would make a good in-law or a space to potentially “Air-b-n-B”. As an in-law or extra short-term rental, I like the space but as a master, not so much.
After being in the space, I think the flippers should have put in a large en suite bathroom instead of the tiny kitchen and bathroom because the in-law potential isn’t as great as I originally thought. My friend has two college-aged daughters so this space would be great for them but for most other buyers this isn’t going to be appealing. At. All.
The backyard area is pretty small and over looks a road. Anyone with young kids, dogs or a desire to romp, will be really disappointed by this yard. Again, it’s perfect for my friend who doesn’t have any of those things. #ha
What this property really has going for it is the location and views.
The house is on the top of a hill overlooking the Carquinez straits and while there are neighbors at the front of the house, when you’re inside (except in the kitchen) it feels pretty private and remote.
Alright. That’s all for Thomas. What’d you think? Am I forgiven for failing to post a FFF now? Also what do you think about a Tuesday’s Teardown series?