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(Zillow)   Bargain priced fixer upper with detached fireplace, so you can enjoy a roaring fire all summer long without heating up the house   (zillow.com) divider line
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5722 clicks; posted to Main » on 10 Aug 2021 at 7:50 AM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-08-10 4:53:34 AM  
Urine stench included!
 
2021-08-10 5:23:06 AM  
At that point, you're just buying the land to rebuild a new house.
 
2021-08-10 7:46:50 AM  
It's, um, got good bones?
 
2021-08-10 7:52:19 AM  
I feel for whoever had to coax and prod the English language into saying something nice about that.
 
2021-08-10 7:52:40 AM  
A better deal than the overdecorated pieces of crap that ask for 5 times more
 
2021-08-10 7:59:34 AM  
They can ask that much. Doesn't mean they're getting that much.
 
2021-08-10 8:01:05 AM  
That is an obvious teardown. I didn't realize acerage was that much, because you are not buying the house.

/hey, free foundation
 
2021-08-10 8:01:41 AM  
Last sold in 1975. So, empty nesters who feel no need to rebuild after insurance cuts them a check for $750k?
 
2021-08-10 8:04:13 AM  

SurfaceTension: At that point, you're just buying the land to rebuild a new house.


After you pay the expense of tearing down and clearing the old house.  Unless it comes with twenty acres of land or sits on a lake with private dock access, it's too much.
 
2021-08-10 8:06:10 AM  

ChrisDe: They can ask that much. Doesn't mean they're getting that much.


Oh but they will.
 
2021-08-10 8:08:06 AM  

SimonElectric: Last sold in 1975. So, empty nesters who feel no need to rebuild after insurance cuts them a check for $750k?


And their entitled asses can not comprehend that a little thing like a fire could make their home less valuable on the market before it was a condemned mess.

Is a sizable lot.  You could maybe put several town houses in there if the zoning will allow it.

Still not worth $850,000
 
2021-08-10 8:08:20 AM  
It doesn't look that bad to me the demo work has been done so if you were looking for a house to remodel this is actually a plus. The deciding factor will be what similar house prices are in the area.
 
2021-08-10 8:10:21 AM  

RTOGUY: It doesn't look that bad to me the demo work has been done so if you were looking for a house to remodel this is actually a plus. The deciding factor will be what similar house prices are in the area.


If any are left standing.
 
2021-08-10 8:13:37 AM  

Keyser_Soze_Death: AppleOptionEsc: That is an obvious teardown. I didn't realize acerage was that much, because you are not buying the house.

/hey, free foundation

You don't fully tear down houses in CA if you can avoid it, you leave one original wall and "remodel" everything else. That way your property taxes are not re-assessed.


If that is true, I want a transcript of that conversation getting passed around the legislature, and the justification.
 
2021-08-10 8:16:36 AM  
850k for a burnt husk.

People pay stupid money for stupid things.
 
2021-08-10 8:18:10 AM  
Missing from the ad copy extolling the property's virtues:

"Comes with that free "burnt house" smell, even after the renovations are complete."
 
2021-08-10 8:21:05 AM  
Fark user imageView Full Size
 
2021-08-10 8:21:44 AM  

FleshFlapps: 850k for a burnt husk.

People pay stupid money for stupid things.


It's the land they want.

Some with money see this as an opportunity to bulldoze and build exactly what they want in a location they want.

The only thing that means anything with a home is it's location. All the travertine and tongue and groove and copper countertops mean crap if the house is in Flint.
 
2021-08-10 8:22:59 AM  
I think it has potential.

Fark user imageView Full Size
 
2021-08-10 8:25:03 AM  
Fark user imageView Full Size

YOU HAD ONE JOB!
 
2021-08-10 8:26:18 AM  

Keyser_Soze_Death: AppleOptionEsc: That is an obvious teardown. I didn't realize acerage was that much, because you are not buying the house.

/hey, free foundation

You don't fully tear down houses in CA if you can avoid it, you leave one original wall and "remodel" everything else. That way your property taxes are not re-assessed.


I've seen all but one wall builds not in CA and thought they were to speed the permit process. Don't property rates get updated annually in CA?  The other thing about them is that building had to remain in the original footprint but I think they could use the entire envelope as permitted by right, e.g. any sq footage to lot size ratio restrictions still held.
 
2021-08-10 8:30:04 AM  
Who wouldn't want a burnt husk just across the street from Diablo's Shadow Park?  That's not ominous at all...
 
2021-08-10 8:33:25 AM  

Keyser_Soze_Death: AppleOptionEsc: That is an obvious teardown. I didn't realize acerage was that much, because you are not buying the house.

/hey, free foundation

You don't fully tear down houses in CA if you can avoid it, you leave one original wall and "remodel" everything else. That way your property taxes are not re-assessed.


Same thing in Massachusetts.  It also changes the permitting and approvals you have to get.  A rebuild is subject to all the code changes since the original house was built whereas a remodel is not.

CSB - There was this really scummy strip joint near where I live.  The cops were there constantly to break up fights and catching the strippers working a side business in the parking lot, IYKWIMAITYD.

Somehow the place was making money and the guy wanted to expand the place.  But it was on a small piece of land and he couldn't expand the building out in any direction, he barely had a parking lot as it was.  That was another thing, the business across the street from him became an unwilling overflow parking lot and they ended up installing a huge fence and gate to keep the trouble off their property.  The city hated the place because it was nothing but trouble, and he had done illegal modifications to the property in the past  He applied for a variance to put an addition on the building and got refused because it wouldn't have been far enough from one or more of the property lines.  They weren't going to approve shiat for this guy.  So he was going to have to go by the book.

So he decided to add a second floor to the building instead.  I don't know the details but the first floor had to be rebuilt to support a second floor.  They had to do some work on the foundation too.  So he tore it down to one wall and before they finished working on the foundation a storm blew over the one wall and destroyed it.  Now the place is an empty lot.
 
2021-08-10 8:36:08 AM  

Keyser_Soze_Death: A California one-wall remodel.


There was one of those going on at one end of my neighborhood. The had it cleared out with just one interior wall left standing. Just one. Looked ready to go but something happened. Wall came down. They lost the permit. Womp womp  Now it is a beautiful empty lot. Also after a fire.
 
2021-08-10 8:37:09 AM  

ChrisDe: They can ask that much. Doesn't mean they're getting that much.


Assessment is $170,000.  I assume this is a stupid prop 13 value that doesn't change unless it is sold?
 
2021-08-10 9:09:10 AM  

FleshFlapps: 850k for a burnt husk.

People pay stupid money for stupid things.


So, Cali farkers, judging by the values of the surrounding houses, I'm guessing the price for this lot is in line with the market?
 
2021-08-10 9:11:17 AM  
Keyser_Soze_Death:
Taxes in CA are re-assessed when the property changes hands unless inherited, or if you do a full demolition and rebuild (Prop 13).

So in other words the "one wall rebuild" trick wouldn't work here anyway, and the lucky buyer gets to rip down a condemned house?
 
2021-08-10 9:16:50 AM  
Fark user imageView Full Size

/That house is on fire!
//Motivated seller.
///If I lived at third slashie, I'd be home by now.
 
2021-08-10 9:18:19 AM  

FleshFlapps: 850k for a burnt husk.

People pay stupid money for stupid things.


Fark user imageView Full Size
 
2021-08-10 9:22:17 AM  
Concrete after being in a fire is useless. You have to remove it because it will no longer be elastic. So this is a complete tear down, and remove the existing foundation. Not a "1 wall remodel" as some have mentioned.
 
2021-08-10 9:25:33 AM  
$850k + demo costs for house + demo costs for concrete for a chimney?
 
2021-08-10 9:26:44 AM  
Plus they've cleared out all those nasty trees!
 
amb
2021-08-10 9:27:48 AM  

SurfaceTension: At that point, you're just buying the land to rebuild a new house.


Pretty much. Plus different permitting process to "rebuild" vs. new construction. They just will need to reuse a certain % of original foundation/walls. Owners already got the rebuild/damaged contents cost from insurance, so just selling the land mostly.
 
2021-08-10 9:29:08 AM  

pdieten: FleshFlapps: 850k for a burnt husk.

People pay stupid money for stupid things.

So, Cali farkers, judging by the values of the surrounding houses, I'm guessing the price for this lot is in line with the market?


Not in Cali, but have been involved in two purchases there. If the house had not burned it would be worth about $1.75 million. This actually is a pretty good deal. The tax rate is going to be updated because it is being sold, but putting new floors/drywall into the standing portion is cheap and rebuilding the kitchen/great room which burned down won't be too bad. You can buy this for $850k, put in $300k and have a $1.75M house. That's over a half million profit to call some contractors.
 
2021-08-10 9:31:34 AM  
This makes sense when looking at the other homes in the area and the asking price.  This is purely about the land.
 
2021-08-10 9:34:47 AM  

amb: SurfaceTension: At that point, you're just buying the land to rebuild a new house.

Pretty much. Plus different permitting process to "rebuild" vs. new construction. They just will need to reuse a certain % of original foundation/walls. Owners already got the rebuild/damaged contents cost from insurance, so just selling the land mostly.


I don't think people realize that a large percentage of a house's price is tied up in the land use.
 
2021-08-10 9:39:59 AM  

mike_d85: Who wouldn't want a burnt husk just across the street from Diablo's Shadow Park?  That's not ominous at all...


Holy fark now I want it.
 
2021-08-10 9:42:34 AM  

farker99: Concrete after being in a fire is useless. You have to remove it because it will no longer be elastic. So this is a complete tear down, and remove the existing foundation. Not a "1 wall remodel" as some have mentioned.


Cool fam, I'm glad you've been out to the work site and were able to save us a bunch of money.
 
2021-08-10 9:47:09 AM  

thorpe: $850k + demo costs for house + demo costs for concrete for a chimney?


We had our house demo'd for about $45k last November if that helps with your math.  Victim of California fires.
 
2021-08-10 9:54:03 AM  

FunkJunkie: I feel for whoever had to coax and prod the English language into saying something nice about that.


"Opportunities like this are rare..."
 
TWX
2021-08-10 10:05:19 AM  

SurfaceTension: amb: SurfaceTension: At that point, you're just buying the land to rebuild a new house.

Pretty much. Plus different permitting process to "rebuild" vs. new construction. They just will need to reuse a certain % of original foundation/walls. Owners already got the rebuild/damaged contents cost from insurance, so just selling the land mostly.

I don't think people realize that a large percentage of a house's price is tied up in the land use.


And this land is around twenty miles from San Francisco, so depending on one's occupation and on one's needs this could be a desirable place to live.  I could see this being perfect for the tech-sector worker with a job ostensibly in the city, but with privileges to work from home say, half-time.  It's close enough to make that commute not insane, but far enough away to look like it's got a change of scene compared to actually being in the city or on the southern peninsula.
 
2021-08-10 10:12:12 AM  

cryinoutloud: I think it has potential.

[Fark user image 325x384]


On the way to work there is a home that burned down that looks like the house in TFA about two years ago. For a while it was just a burnt out hulk but in spring 2019 they tore it down and left the chimney and it has been like that ever since, they do yard work, put up a privacy fence and that is about it.
 
2021-08-10 10:15:49 AM  

Keyser_Soze_Death: AppleOptionEsc: That is an obvious teardown. I didn't realize acerage was that much, because you are not buying the house.

/hey, free foundation

You don't fully tear down houses in CA if you can avoid it, you leave one original wall and "remodel" everything else. That way your property taxes are not re-assessed.


Narrator: They reassess your property taxes even with a remodel.
 
2021-08-10 10:25:25 AM  

SurfaceTension: At that point, you're just buying the land to rebuild a new house.


Right, that plot is worth the value of the land minus the cost to demolish the debris.

Is that $850k?  Guess they'll find out.
 
2021-08-10 10:26:05 AM  
How many of these did they find melted in the rubble?

archive.orgView Full Size
 
TWX
2021-08-10 10:27:22 AM  

jclaggett: How many of these did they find melted in the rubble?

[archive.org image 850x870]


I knew that Walnut Creek sounded familiar...

never actually ordered any of their discs, I always just downloaded from cdrom.com when that was a thing.
 
2021-08-10 10:30:48 AM  

SimonElectric: Keyser_Soze_Death: AppleOptionEsc: That is an obvious teardown. I didn't realize acerage was that much, because you are not buying the house.

/hey, free foundation

You don't fully tear down houses in CA if you can avoid it, you leave one original wall and "remodel" everything else. That way your property taxes are not re-assessed.

I've seen all but one wall builds not in CA and thought they were to speed the permit process. Don't property rates get updated annually in CA?  The other thing about them is that building had to remain in the original footprint but I think they could use the entire envelope as permitted by right, e.g. any sq footage to lot size ratio restrictions still held.


They do get reassesed once a year but unless it it is resold, it can only go up a couple of perslcent or so per year max die to prop 13.  This was done so that people on fixed income would not have to sell their houses due the property tax increases thatvwould go along with the insane growth of property value.
 
2021-08-10 10:35:50 AM  
Mature landscaping though, so sure
 
2021-08-10 10:43:59 AM  
$850,000 asking price.

About as much total money as many people make in a 30+ year career and it buys you...

Fark user imageView Full Size

Whatever this is.
 
2021-08-10 10:44:42 AM  

AppleOptionEsc: You don't fully tear down houses in CA if you can avoid it, you leave one original wall and "remodel" everything else. That way your property taxes are not re-assessed.

If that is true, I want a transcript of that conversation getting passed around the legislature, and the justification.


...did something similar here.  See the part of the structure inside the blue box?  That's the modified version of the 100yo 2-story storefront that they had to keep in order to call the apartment building an "improvement".
Fark user imageView Full Size
 
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