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Can You Figure This One Out?

I lived a few doors down from this house on Huron Ave. a couple of years ago. Now offered at 869K.

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It seems like this house has been perpetually for sale. When I lived on the street it for-sale sign went up and came down so many times I figured it was even uglier on the inside than the outside or it actually sold as a 1031 exchange between vampire families and they did the move in middle of the night so no one noticed. It’s kind of weird – I NEVER saw people outside the house, and I knew the other neighbors on the street. Hmmm…
Now it is still showing up on realty sites, although they’ve changed agents a number of times. At first I thought, flippers gone mad, but the county assessors’ records show it is taxed on a less-than-80k valuation. They’ve had it a long time – and if they sell it at this price it shows just how much Prop 13 is a welfare/entitlement program as they’ve skated on about 80 bucks a month in property taxes while there newest neighbors shell out 600-800 bucks a month for the exact same services.

They price has gone up and down – peaking in the mid 900s at some point. They have either ATM’d their equity so much that they have to ask a lot, or they don’t really want to move unless someone offers to make them a near-millionaire. Let’s face it though – this house is butt-ugly. Other houses have sold for damn near close to this price on the same street. Butt-ugly has its disadvantages. The photo actually makes this house look okay. Sort of like a glamour shot of a homely girl. I wouldn’t buy this house if I won the lottery and they threw in Matthew McConaughey. Well, maybe if they threw in Matthew McConaughey.

Here are some past ads for the same house. I was feeling sort of lazy so I didn’t resize the photos first, so go to the archived listing to see them better.

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I’m going to keep an eye on this one to see how close it actually gets to the county assessor’s valuation by the end of the bubble burst.

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