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(Zillow)   Check out this pearl for $500   (zillow.com) divider line
    More: Scary, Price, supported browser, list price, Mobile Apps, INTERIOR ACCESS, MLS, browser, Property  
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5102 clicks; posted to Main » on 28 Jun 2022 at 12:18 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-06-28 11:24:55 AM  
$500 and bring a broom or two
 
2022-06-28 11:40:32 AM  
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2022-06-28 11:53:00 AM  
"Next week on Good Bones..."
 
2022-06-28 11:55:52 AM  
Camden, New Jersey? Only move there if you have a death wish.
 
2022-06-28 12:06:29 PM  
Grew up about 3 miles from that house.  That area has been being flattened for years.  This is the opportunity to buy and then you will be required to raze that property, spending extra to make sure you don't take any of the connected homes with you, and then start paying taxes.

Camden needs another 25-30 years before it is ready to have its real estate have anything like the value of its neighboring towns and cities, so the play here is to buy lots of those homes, figure you're paying taxes on basically unused land for 20 years, with the hope of being able to see to someone who consolidates a bunch of those properties and builds large scale residential property on the i95 corridor, with quick access to Philadelphia/Amtrack -> NYC and/or DC.

That's been the promise of Camden for 30 years.  It hasn't changed much in that time.  They got rid of the prison that was about 1/4 mile to the west of this property, but that hasn't really changed much, as you can tell.  The city just wants someone else to come in and clean up the mess and to get some tax revenue again.

No real chance that this pays off on any rational timeframe.  And no, you're not going to build a new row home in that spot and sell it for anywhere near the costs to build.  That will remain the case until that block and the surrounding ones are cleared and the city does a tax abatement /development plan to revitalize as they did on the waterfront.
 
2022-06-28 12:21:43 PM  
It's not $500.  FTA:

"Property is listed at $1.00. Yes, you read that correctly. The MLS has a $500 minimum on list price. HIGHEST AND BEST DUE BY FEBRUARY 25TH 9AM."


So...possibly a lot more, or possibly a lot less.
 
2022-06-28 12:22:31 PM  
Well the open fireplace concept is novel but who is responsible for hauling away the bodies?
 
2022-06-28 12:22:33 PM  
Little paint, some Curtains.
 
2022-06-28 12:24:17 PM  
Fark user imageView Full Size
 
2022-06-28 12:24:20 PM  
That place is fire yo.
 
2022-06-28 12:25:02 PM  
I hope the photographer had one of the HazMat suits from Outbreak to get those interior shots.

That's some legit Hellscape sh*t there.
 
2022-06-28 12:25:28 PM  

Turing_Machine: Grew up about 3 miles from that house.  That area has been being flattened for years.  This is the opportunity to buy and then you will be required to raze that property, spending extra to make sure you don't take any of the connected homes with you, and then start paying taxes.

Camden needs another 25-30 years before it is ready to have its real estate have anything like the value of its neighboring towns and cities, so the play here is to buy lots of those homes, figure you're paying taxes on basically unused land for 20 years, with the hope of being able to see to someone who consolidates a bunch of those properties and builds large scale residential property on the i95 corridor, with quick access to Philadelphia/Amtrack -> NYC and/or DC.

That's been the promise of Camden for 30 years.  It hasn't changed much in that time.  They got rid of the prison that was about 1/4 mile to the west of this property, but that hasn't really changed much, as you can tell.  The city just wants someone else to come in and clean up the mess and to get some tax revenue again.

No real chance that this pays off on any rational timeframe.  And no, you're not going to build a new row home in that spot and sell it for anywhere near the costs to build.  That will remain the case until that block and the surrounding ones are cleared and the city does a tax abatement /development plan to revitalize as they did on the waterfront.


So you're saying you're pro-gentrification. Got it.
/s
 
2022-06-28 12:26:14 PM  
That's a pretty good ceiling fan right there. And the outside storage in the alley is a rare bonus.
 
2022-06-28 12:27:00 PM  

Turing_Machine: Grew up about 3 miles from that house.  That area has been being flattened for years.  This is the opportunity to buy and then you will be required to raze that property, spending extra to make sure you don't take any of the connected homes with you, and then start paying taxes.

Camden needs another 25-30 years before it is ready to have its real estate have anything like the value of its neighboring towns and cities, so the play here is to buy lots of those homes, figure you're paying taxes on basically unused land for 20 years, with the hope of being able to see to someone who consolidates a bunch of those properties and builds large scale residential property on the i95 corridor, with quick access to Philadelphia/Amtrack -> NYC and/or DC.

That's been the promise of Camden for 30 years.  It hasn't changed much in that time.  They got rid of the prison that was about 1/4 mile to the west of this property, but that hasn't really changed much, as you can tell.  The city just wants someone else to come in and clean up the mess and to get some tax revenue again.

No real chance that this pays off on any rational timeframe.  And no, you're not going to build a new row home in that spot and sell it for anywhere near the costs to build.  That will remain the case until that block and the surrounding ones are cleared and the city does a tax abatement /development plan to revitalize as they did on the waterfront.


Sad.  Way back when I was in the Army, there was a lady from Camden who spoke lovingly about it.  Of course, she was in the Army so YMMV.
Campbell's Soup was still there, IIRC.

Someone should make a deal like they guy did with North St. Louis.   Work with the local government.  Buy up the condemned homes, promise a big, sweeping new neighborhood with schools and houses and shops and then disappear with the TIF money.

I think he tried to sell some property to the National Geospatial, but liens and injunctions.
 
2022-06-28 12:27:29 PM  
I thought Nuketown was supposed to be in Nevada?
 
2022-06-28 12:28:42 PM  

Somaticasual: [Fark user image image 728x143]


Pffft.... Read my damn mind.
 
2022-06-28 12:30:06 PM  
Property
-Levels: Two
-Stories: 2

-Pool features: None

Well, I'm out.
 
2022-06-28 12:30:37 PM  
Fark user imageView Full Size


Best I can do is 5 bucks
 
2022-06-28 12:34:11 PM  
Had we known about this in Mid-February I'm sure we could have baited a Russian Oligarch to snap it up as an "investment", then we'd be watching as Camden was trying to seize this smoldering pit from the Ruskies.
 
2022-06-28 12:34:35 PM  
That looks a place that Omar hid out in when Barksdale was looking for him.
 
2022-06-28 12:34:48 PM  
I'd bid 1$, but I'm afraid I might win.
 
2022-06-28 12:36:21 PM  

groppet: Well the open fireplace concept is novel but who is responsible for hauling away the bodies?


I assumed the open fireplace was for the bodies.
 
2022-06-28 12:39:06 PM  

Harry Freakstorm: Turing_Machine: Grew up about 3 miles from that house.  That area has been being flattened for years.  This is the opportunity to buy and then you will be required to raze that property, spending extra to make sure you don't take any of the connected homes with you, and then start paying taxes.

Camden needs another 25-30 years before it is ready to have its real estate have anything like the value of its neighboring towns and cities, so the play here is to buy lots of those homes, figure you're paying taxes on basically unused land for 20 years, with the hope of being able to see to someone who consolidates a bunch of those properties and builds large scale residential property on the i95 corridor, with quick access to Philadelphia/Amtrack -> NYC and/or DC.

That's been the promise of Camden for 30 years.  It hasn't changed much in that time.  They got rid of the prison that was about 1/4 mile to the west of this property, but that hasn't really changed much, as you can tell.  The city just wants someone else to come in and clean up the mess and to get some tax revenue again.

No real chance that this pays off on any rational timeframe.  And no, you're not going to build a new row home in that spot and sell it for anywhere near the costs to build.  That will remain the case until that block and the surrounding ones are cleared and the city does a tax abatement /development plan to revitalize as they did on the waterfront.

Sad.  Way back when I was in the Army, there was a lady from Camden who spoke lovingly about it.  Of course, she was in the Army so YMMV.
Campbell's Soup was still there, IIRC.

Someone should make a deal like they guy did with North St. Louis.   Work with the local government.  Buy up the condemned homes, promise a big, sweeping new neighborhood with schools and houses and shops and then disappear with the TIF money.

I think he tried to sell some property to the National Geospatial, but liens and injunctions.


Campbell's is still operating there.
 
2022-06-28 12:40:17 PM  
Camden appears to be the East coast version of Gary, IN. NICE!!
 
2022-06-28 12:40:22 PM  
How can this place be listed with "Total interior livable area: 1,239 sqft" when there's 0 bedrooms, 0 bathrooms, no heating features, and no hot water?
 
2022-06-28 12:40:24 PM  
Zestimate thinks I can get $1350/month rent from it.  Such optimism is fleeting in this world.
 
2022-06-28 12:44:38 PM  
Toss up a little shiplap and flip that baby for $525.
 
2022-06-28 12:44:45 PM  
You'd think they'd pretty up the yard a little before they take pictures.
 
2022-06-28 12:46:30 PM  
Buy it, tear it down, and build your dream hole for less than you'd pay living in some hovel someplace else.

Location, location, location is just a suckers wetdream for spending more for less.

Here in NYC, you see it with the people who feel they MUST live in Manhattan and will pay $5000/month for a 600sf apartment when they could live a 45 minute subway ride from Manhattan for half as much or three times the square footage.

A fool and his money are soon parted.
 
2022-06-28 12:47:03 PM  

Turing_Machine: Grew up about 3 miles from that house.  That area has been being flattened for years.  This is the opportunity to buy and then you will be required to raze that property, spending extra to make sure you don't take any of the connected homes with you, and then start paying taxes.


Sounds like you have to buy all the buildings on the block (so you can knock them all down without worrying about other damage).  Then hire someone who never finds asbestos and similar to haul the debris away.

No idea what the taxes would be, but they probably are high enough to not bother.  And anything you build on it would still be in Camden.
 
2022-06-28 12:48:15 PM  
Could probably use an unfortunate fire.
 
2022-06-28 12:50:45 PM  
special20: ...

So you're saying you're pro-gentrification. Got it.
/s


No.   I grew up here.  My grandmother was born and raised in Camden.  I went to school here.

There isn't a rational way to live in this neighborhood yet.  Building a home, or a dozen homes in the surrounding blocks won't make it better yet.  Many well intentioned programs over the past decades have attempted to revitalize Camden in may ways, from a direct homebuyer's incentive program to revitalization and commerce zones to, as mentioned, removing the prison and introducing more public parks, especially on the waterfront.

The city has been throwing money at every problem they can identify (https://www.ci.camden.nj.us/grants-management/ ) for decades and the issues haven't changed that much.  Take a look at the satellite photos, first from 1987, and the last from 2021, and you'll see what I'm mentioning.

Fark user imageView Full Size
and then
Fark user imageView Full Size


If you were to head south and stay on the water, you'd see lots of redevelopment, with entertainment venues on the water, and corporate development surrounding Campbell's Soup and Rutgers Camden campus.  That has made some of the nearby residential areas more viable, but not all of them.

I want very much for Camden to be the vibrant city it can be.  I recent moved back to the area after spending two decades in NYC, and I believe that Camden can follow the Hoboken/Jersey City model, and retain its character while providing a better living experience for its existing residents, and opening itself up to new residents who want to be a part of that neighborhood, not change it.

Sorry for the long exposition.  This particular city has always held a very dear spot for me, and I desperately want it to succeed.
 
2022-06-28 12:53:43 PM  
giantfreakinrobot.comView Full Size
 
2022-06-28 12:55:07 PM  

Turing_Machine: Grew up about 3 miles from that house.  That area has been being flattened for years.  This is the opportunity to buy and then you will be required to raze that property, spending extra to make sure you don't take any of the connected homes with you, and then start paying taxes.

Camden needs another 25-30 years before it is ready to have its real estate have anything like the value of its neighboring towns and cities, so the play here is to buy lots of those homes, figure you're paying taxes on basically unused land for 20 years, with the hope of being able to see to someone who consolidates a bunch of those properties and builds large scale residential property on the i95 corridor, with quick access to Philadelphia/Amtrack -> NYC and/or DC.

That's been the promise of Camden for 30 years.  It hasn't changed much in that time.  They got rid of the prison that was about 1/4 mile to the west of this property, but that hasn't really changed much, as you can tell.  The city just wants someone else to come in and clean up the mess and to get some tax revenue again.

No real chance that this pays off on any rational timeframe.  And no, you're not going to build a new row home in that spot and sell it for anywhere near the costs to build.  That will remain the case until that block and the surrounding ones are cleared and the city does a tax abatement /development plan to revitalize as they did on the waterfront.


And if you invest now, the city will helpfully confiscate it right when it's going up in value, and give it to a connected developer.
 
2022-06-28 1:06:48 PM  
alex10294: ...

And if you invest now, the city will helpfully confiscate it right when it's going up in value, and give it to a connected developer.

This is also probably true.  The Camden government hasn't been known for its integrity.  Still, I hope very much that there is just enough oversight, and just enough political will, to do things in a way that isn't a cash grab for the well connected.
 
2022-06-28 1:06:59 PM  
Est. 3 a month cost.


Whoa, Whoa, Whoa Rockefeller
 
2022-06-28 1:07:16 PM  

Walker: Camden, New Jersey? Only move there if you have a death wish.


Fark user imageView Full Size
 
2022-06-28 1:10:59 PM  

tom baker's scarf: Walker: Camden, New Jersey? Only move there if you have a death wish.

[Fark user image 400x213] [View Full Size image _x_]


Except pumping your own gas.
 
2022-06-28 1:14:43 PM  

maudibjr: Est. 3 a month cost.


Whoa, Whoa, Whoa Rockefeller


is that for a 30 year mortgage?

/if you paid $4 a month, you'd save a ton on interest and could probably pay it off in 25 years.
 
2022-06-28 1:19:27 PM  
Hidden at the bottom of the page: $1000 buyer's agent fee
 
2022-06-28 1:20:31 PM  
Fark user imageView Full Size

If it comes with apparitions that look like the Grim Reaper, I'm totally in!
 
2022-06-28 1:24:03 PM  

TheRameres: How can this place be listed with "Total interior livable area: 1,239 sqft" when there's 0 bedrooms, 0 bathrooms, no heating features, and no hot water?


It was *really* hot water at least once; averaged over time it still is.
 
2022-06-28 1:29:44 PM  
Jurodan:

Campbell's is still operating there.

The corporate HQ is still there, in a campus-like area called Campbell Place, near the new Subaru of America HQ but kind of separated from the rest of the city. The old soup factory down by the river has been gone for years, along with the endless lines of tomato trucks that anyone who grew up in Camden back in the day will all too happily tell you about.
 
2022-06-28 1:41:10 PM  
If you did buy it for one dollar I still think you'd be getting ripped off.
 
2022-06-28 1:41:17 PM  
If someone were to buy that property and then the derelict house sitting on it were to just catch fire one night, how hard to you suppose the Camden PD would look into that?
 
2022-06-28 1:49:32 PM  

Flushing It All Away: Buy it, tear it down, and build your dream hole for less than you'd pay living in some hovel someplace else.

Location, location, location is just a suckers wetdream for spending more for less.

Here in NYC, you see it with the people who feel they MUST live in Manhattan and will pay $5000/month for a 600sf apartment when they could live a 45 minute subway ride from Manhattan for half as much or three times the square footage.

A fool and his money are soon parted.


Dream hole sounds about right.
 
2022-06-28 1:55:38 PM  
No thanks.  I'd rather buy a house in the Camden neighborhood in Minneapolis.  Probably safer.
 
2022-06-28 1:58:23 PM  

Billy Liar: Could probably use an unfortunate fire.


There would be nothing unfortunate about a fire in that dump.
 
2022-06-28 1:58:49 PM  

New Rising Sun: It's not $500.  FTA:

"Property is listed at $1.00. Yes, you read that correctly. The MLS has a $500 minimum on list price. HIGHEST AND BEST DUE BY FEBRUARY 25TH 9AM."


So...possibly a lot more, or possibly a lot less.


Fark user imageView Full Size
 
2022-06-28 2:07:37 PM  

Turing_Machine: alex10294: ...

And if you invest now, the city will helpfully confiscate it right when it's going up in value, and give it to a connected developer.

This is also probably true.  The Camden government hasn't been known for its integrity.  Still, I hope very much that there is just enough oversight, and just enough political will, to do things in a way that isn't a cash grab for the well connected.


They'll eventually get a federal check, decide that the area needs revitalizing, and eminent domain it right before spending federal and state dollars they never paid on $1.2 million a unit on "affordable" housing that will sell for 200k when completed.  Don't worry though, because the builder has been pre-paying the campaign contributions, and the unions and all the local interest groups will get their cut.  The people who invested will get 10000, so they can pay their back taxes.
 
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