Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Zillow)   Apparently, nobody wants to pay 3$ million for a cruddy house in Lakeside California. Price cut $2 million   (zillow.com) divider line
13
    More: Misc, Rooms, Laundry features, Virtual tour, Interior features, Total interior livable area, Laundry Room, Bedroom, Bedrooms Down  
•       •       •

1587 clicks; posted to Business » on 02 Dec 2021 at 2:22 PM (29 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

Redisplay/refresh voting results for Smartest or Funniest or Return to comments
 
Murflette [TotalFark] [OhFark]
2021-12-02 12:09:13 PM  
18 votes:
Is there a decent reason for the continued greening of these zillow links? Are they really all that interesting?
 
OccamsWhiskers
2021-12-02 2:51:16 PM  
10 votes:

Officer Collins: Tax Assessment
2021--$434,821

Still asking over double the assessed value.


In some places, tax assessments do not attempt to match market value. I expect CA prop 13 might be applied in part by especially extreme deviation from current market value.
 
Officer Collins
2021-12-02 2:42:37 PM  
7 votes:
Tax Assessment
2021--$434,821

Still asking over double the assessed value.
 
Badmoodman [TotalFark]
2021-12-02 12:18:28 PM  
5 votes:
Apparently, nobody wants to pay 3$ million for a cruddy house in Lakeside California. Price cut $2 million


For more than 20 acres, just west of Poway? If you've got a million and more to build and remodel, that's a hell of a deal.
 
NightSteel
2021-12-02 2:45:38 PM  
5 votes:
Paying for land, I get.  But that house?  Less than 2000 sqft, only 2 car garage, a largely rectangular floor plan, and what looks like a painted concrete yard?  It's basically a glorified double wide.  And right in the middle of what looks like wildfire country.  I can't imagine that being worth even 1m, except maybe to a developer intending to drop a subdivision around the house.
 
Kuta
2021-12-02 3:05:08 PM  
5 votes:
Lakeside?  That landscaping doesn't make me think "water is abundant."
 
Geotpf
2021-12-02 6:49:49 PM  
3 votes:

Officer Collins: Tax Assessment
2021--$434,821

Still asking over double the assessed value.


In California, the assessed value has nothing to do with what the house is worth, due to prop 13.  A house gets reassessed when sold, but then the legal value can not rise more than 2% a year, even if the value goes up 20%.  Then, if the value goes up 20% again, it still can only go up 2%.  After a decade of ownership (or even less), the house will frequently be on the books for less than half what it's worth.

I bought my California house in 2009 for $150k.  I don't remember the legal assessed value of it off the top of my head, but it's a hell of a lot less than the $500k or so it's worth today (probably under $200k).
 
tedthebellhopp
2021-12-02 2:31:17 PM  
1 vote:

sleze: Badmoodman: Apparently, nobody wants to pay 3$ million for a cruddy house in Lakeside California. Price cut $2 million


For more than 20 acres, just west of Poway? If you've got a million and more to build and remodel, that's a hell of a deal.

I wouldn't say it is cruddy.  It isn't a bad house, just expensive.  That said, which lake is it next to?


A wildfire I'm guessing.
 
DrunkenIrishOD
2021-12-02 2:51:23 PM  
1 vote:

Murflette: Is there a decent reason for the continued greening of these zillow links? Are they really all that interesting?


Subby is a fan of Zillow gone wild Twitter/gram account...but this being fark it's a couple days behind
 
Rapmaster2000
2021-12-02 3:18:06 PM  
1 vote:
Is that a dirt driveway?
 
Northern
2021-12-02 3:51:08 PM  
1 vote:

Murflette: Is there a decent reason for the continued greening of these zillow links? Are they really all that interesting?


Yes, don't yuck my yum.
 
uncoveror
2021-12-02 4:01:41 PM  
1 vote:
Normally, I couldn't afford a house in Southern California even if I won the lottery. At last, there is one I could afford... if I won the lottery.
 
TwowheelinTim [TotalFark]
2021-12-02 5:39:23 PM  
1 vote:

uncoveror: Normally, I couldn't afford a house in Southern California even if I won the lottery. At last, there is one I could afford... if I won the lottery.


I feel that southern CA is highly overrated. I like it up closer to the Oregon border. There is a bit more open space, slightly fewer people, and more reasonable property prices.
 
Displayed 13 of 13 comments

View Voting Results: Smartest and Funniest

Redisplay/refresh voting results for Smartest or Funniest or Return to comments
This thread is closed to new comments.

Continue Farking

If you like these links, you'll love

TotalFark

All the submissions, none of the calories.

learn more | sign up
On Twitter

  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.