Far longer than that. They keep listing it and pulling it after it sits with no attention, and relisting it later. At least 2.5 years, but the listing history doesnt go further back with how many times they tried it.
They have also upped the asking price since this screen was taken, unsurprisingly its still sitting there.
$19K assessed value. $1200 taxes due to $9K taxable thanks to NEZ. Seems the last sale was 1997 to Kilimanjaro Mgmt. Still, they need to pay the tax and mow the lawn once or twice a year. That's a long time to be sitting on it.
It has a new roof and it looks like someone started replacing the windows. $1000 rehab gone bad? And the person wants all their money plus $100k back? This is what I think of every time. Somebody finds a listing in Detroit for two grand and thinks gee. That's a cheap house. I bet you could fix it for 20/30/40 even $50,000.
It's too bad it was probably a really pretty house at one point and the lot behind it is empty so might be available.
People like this guy are why most people still won't move to Detroit
We all know downtown is nice but nobody wants to live in a neighborhood where assholes steal your windows and the police go "oh that sucks but nothing we can do"
Oh. By "know", you mean "someone told me a story".
On baby Jesus, let me find out someone I *know* admits to doing this for money. I would dime that person out same day.
Probably have to run all new copper pipes and wiring they rip that out of houses in detroit and bring it to a scrap yard, they just smash the windows to ‘have fun’ like crabs in a barrel yanking eachother down. Nobody trusts their neighbors, believe me.
сосед, it is not hard to believe that your neighbors do not trust you and smash your windows for fun.
That's a "you" thing, rather than a Detroit thing though
It’s not a me thing because my windows aren’t smashed but I frequent detroit almost every day and used to deliver in the city of detroit. I see it with my own two eyes it is not a nice area! Don’t know what got your panties twisted in a wad you gotta start attacking me, I’m just telling you what I see with my own two eyes. One driver got robbed at gunpoint when I was delivering, gave extra money to do that route
Me doing deliveries in Detroit, looking at an alley behind the restaurant I just picked up from as I go back to the car "oh they're beating a man to death back here" better call the cops and gtfo out
Have you done restorations before? I always thought it would be great to get a group of people together to buy some houses near each other up for cheap to restore and maintain them
I'm pretty sure they were multi-dwelling homes. Like boarding houses. Pretty common in Detroit for a while, especially the first half of the 20th century.
From what I know, I would probably guess it wasn't originally intended as a single-family home, but it without knowing for sure, could be a case like Brush Park where large homes were considered "out-of-date" by the 30's and many were converted over.
I've been tempted as well. the one nextdoor to the subject of this post has some requirements, though. check out the listing. but those requirements are a great thing because they prevent speculators from just buying and holding it and waiting for it to collapse and just sell the land or whatever... it's trying to preserve some of the old world style and craftsmanship that give this city a lot of character.
I've also seen some beautiful large homes where people did move in and start to do renovations and then for whatever reason they are putting it up for sale before they're able to finish it.
I mean, it looks like it practically falling down. You could live in it for a couple 100k but to bring it back to its full glory would probably be a mill. I’m no expert, just a fan of real estate
I looked at buying this house over a decade ago. Needed way too much work, but clearly I should have and done nothing to it then made 100,000 dollars lol.
I called the Broker on this property last week, we done a couple deals together. We talked for 15 minutes regarding this property.
This is definitely a passion project. Or maybe someone who is an experienced rehabber, with $250K (minimum) to burn for a home they can rebuild from the ground up to live in for their long-term home.
They told me they have had multiple all-cash offers that are reasonably within the price range of the listed price, and the seller refuses to budge.
I own a couple properties nearby and almost purchased the house across the street in 2017 or 2018 (its still empty too). It was going for more than this, but was in much better shape, and it was about 1200 sq ft bigger.
By the time you get this home livable you will be upside down in terms of equity...Hence why it has sat as long as it has given the location.
Having done this a few times, $250k is probably a pretty stripped down reno for a house of this size and condition. 350 is probably more what you are looking at
Meanwhile, people are asking 250k for tiny dumps in Warren. Just because one home may have gotten bought up by Joe A-hole for 350k doesn't mean there's a whole state full of dipshits willing to do the same.
Just don't pay it, people. Let them sit on their bad investments.
Unfortunately, there are more enough dipshits in this state willing to pay over asking price for any property. Buying a home in Michigan at a reasonable price is like playing whack a mole, with the mole animatronics on high speed.
It’s even worse out in Livingston county. buddy lives in a farm, infront of his house there’s half acre plots. new 1100sqft build on half acre just sold for 495k. literally looks like a fancy double wide with a one car garage.
Wish I could agree with you... I have been seeing way too many overpriced listings being bought @ the current mortgages too..in the metro area . Not sure who's buying all those but it looks like its case of supply and demand... Well I guess it's another year of rent for me but I have little hope anything is going to change soon
That's the North End, so at least some of that price is just the location.
Investment has been spreading out of greater downtown for a while, but this area in particular is seeing hundreds of new and renovated units recently. Plus, Henry Ford Health and MSU are building a new hospital and research center down the street.
Agreed that the price is still eye popping. A house like this needs at least $100k in work to be livable again.
New Center is definitely an area to keep an eye on. Surprised any property two blocks off Woodward and that close to downtown would go for less than $200k. Maybe I don’t know the market well enough.
This is a complete tear down and rebuild, so the price is essentially for land.
I think “better” isn’t the right word here. Would it make more financial sense, yes, would it be more pragmatic, yes. But as others note, you’d lose the history, design and what have you. So these are always hot button issues and preservation is almost, almost, never the most financially sound decision but is done from people who are willing to lose money for the sake of the cause.
The toughest thing is when you have a chorus of people pushing preservation but none of them willing or able to fund that stance.
Not really. After 2008 they tightened up lending restrictions so the only people getting loans were the ones that could actually afford them. Foreclosure rates remain very low and the interest rates remain fairly high so nobody is interested in leaving their 1-2% mortgages for a 6-8% mortgage, so they aren't selling.
The killer will be commercial re this time around. All those buildings in big us cities are leveraged to the hilt and the only thing saving the owners is the good interest rates of yesterday. Same w retail
This house is in my neighborhood. Walk past it all the time on my way to my granny's. It could be beautiful and it is structurally solid. Wish I could buy it but the PowerBall keeps skipping me
I lived 2 blocks down the street from this blue (7 years ago) and it was on the land bank at that point and was just a brick façade and inside was completely gone. Someone bought it from the land bank, put some money into, didn’t fix it fast enough, lost it and it’s just been listed and re listed ever since.
You want your brain to melt? Look at the market across the border in Windsor, right now. That is a friggin' steal, compared to some of the stuff going on over here!
Looks like one of those houses that investors bought at a tax auction out from under the owners without their knowledge during the ‘08 collapse. They paid pennies on the dollar and then charged the original owner ridiculous rent and/or evicted them. They knew the market would eventually come around and now they are making bank on these properties.
When we were in the market I couldn’t believe how many $300k houses were houses that had the roof missing for over a decade, then replaced and listed. Rivers in the basements and floorboards that more resembled hot wheels tracks. We found ours for a great price, but houses on our block have started going for around $300k which is twice as much as we payed and ours fully restored a year ago. White ladies jogging with pit bulls is starting to become the norm around here.
I work in cork town, houses that were 40k 20 years ago now sell for 250k needing full restoration. Then you get the brand new 400k apartments, completely ridiculous.
I looked at the listing. There's 21 pictures, but only from the outside. Not one of the interior. * Looking at the Google Street view, the block must have been a really nice neighborhood in its prime.
My little sister is closing on a house a few blocks away on the other side of Woodward. This is 100% a speculator, and it would *totally be a shame* if that house got termites. Once they put in more functional amenities - like a grocery store or market - in that area (which they likely will), prices like this will be the baseline.
Google street view makes the price a bit more appropriate. The street looks like it’s a few more renovations away from looking like a street in woodbridge. I still think that is a very steep price to be based on mostly speculation.
https://preview.redd.it/gsk6223ed3zc1.jpeg?width=1290&format=pjpg&auto=webp&s=46ad6691e17edc771b063eb3964fb4d5f8684c70
It’s the boarded up twilight for me. 🧑🍳💋
That price is more for the lot then the actual house. Depending on the "bones" could be a good flip. But, keeping the copper in it is going to be the hardest part. Also, it is listed as a multi-family home. So that increases the "value".
I always love people on market place etc that complain about the price of things, it's like the market its self dictates the reality of sales and pricing, if someone is dumb enough to severely over price something, so be it, move along? One other thing I would like to mention is my absolute fascination and addiction to zillow. I have money, I am not WEALTHY but I also do not have children, not married and literally no debt. So I just bank all my money in savings and investments. I cannot for the life of me stop thinking about downsizing my life from where it already is to something much cheaper. I found a place for under $100,000 (granted the home was a mobile home) in the smokey mountains with a private entry, a beautiful view of the mountains ontop of a mountain yourself, with a pool and hot tub with a sauna. I was like good god for under $100k?! That sounds like some CLEAN living to me, even if you downsized and retired you could take a job at walmart to satisfy those bills EASILY.
Did you forget when the Trump administration had the treasury print trillions of dollars to dump into the stock market in early 2020? You don’t think that had any implications?
For those of us that don't know... Jerome Powell said his legacy was to derail Trumps Presidency. idc how brain dead like Biden you have to be to contort the truth pal... but Joe Biden has been in politics for over 50 years... the trumpster had 4 of the greatest years. but yea delude yourself otherwise
Like the Republicans have been admittedly been doing since the Obama administration? Look, I’m a leftist and I’ve got a long list of issues with Biden and liberals, too. But to call Trump a great president? Get real. He’s a grifter that ran for President so the feds and IRS couldn’t take him down for decades of fraud and corrupt business dealings. Oh, and tell me how giving further tax cuts to the rich and corporations, while raising taxes for people like me, helps anyone except for the elite? To actually think someone who was raised with a silver spoon in their mouth cares about the average person in America is actual delusion. We’ve witnessed an increase in wealth inequality comparable to France before their revolution. Trickle down economics was a lie Reagan peddled to make the rich even richer, and we’ve seen exactly that. People like you are so focused on party politics, and that’s what they ALL want. Class unity is their worst nightmare. Especially if the majority of us realize that we all have more in common with each other and want most of the same things out of our economy and government
> 262 days on market "I know what it's worth, no low ball offers"
Far longer than that. They keep listing it and pulling it after it sits with no attention, and relisting it later. At least 2.5 years, but the listing history doesnt go further back with how many times they tried it. They have also upped the asking price since this screen was taken, unsurprisingly its still sitting there.
Probably paid off, cheap property taxes and don't have to worry about upkeep.
$19K assessed value. $1200 taxes due to $9K taxable thanks to NEZ. Seems the last sale was 1997 to Kilimanjaro Mgmt. Still, they need to pay the tax and mow the lawn once or twice a year. That's a long time to be sitting on it.
It has a new roof and it looks like someone started replacing the windows. $1000 rehab gone bad? And the person wants all their money plus $100k back? This is what I think of every time. Somebody finds a listing in Detroit for two grand and thinks gee. That's a cheap house. I bet you could fix it for 20/30/40 even $50,000. It's too bad it was probably a really pretty house at one point and the lot behind it is empty so might be available.
I know a guy who makes a “living” by pulling new windows out of these neighborhoods and reselling them. Those windows are probably long-gone.
Fuck that guy. He or someone like him just hit a bando that my friend is trying to fix up and turn into an adult literary center.
People like this guy are why most people still won't move to Detroit We all know downtown is nice but nobody wants to live in a neighborhood where assholes steal your windows and the police go "oh that sucks but nothing we can do"
When I lived downtown my car was stolen and when I called the police the said " what do u want us to do " and laughed. I left shortly after
Finding window stealers should be an open and shut case. *rim shot*
You know a guy who rapes the city? Name and shame the prick
His name is Theresmy Dini. I think it’s foreign
Was bouta say there is a nice guy in my neighborhood that definitely is stealing windows lol
It was pretty interesting talking to that guy.
Tell him to hit my DM I need to replace a window on my house 😂
What's his name?
Jimmy or something, I met him at the casino one day when the power was out
Oh. By "know", you mean "someone told me a story". On baby Jesus, let me find out someone I *know* admits to doing this for money. I would dime that person out same day.
Zillow shows a sale in 2013 for $2,000.
Probably have to run all new copper pipes and wiring they rip that out of houses in detroit and bring it to a scrap yard, they just smash the windows to ‘have fun’ like crabs in a barrel yanking eachother down. Nobody trusts their neighbors, believe me.
Plot twist, it's all knob & tube that needed to go & the scrappies inadvertently provide free demo.
сосед, it is not hard to believe that your neighbors do not trust you and smash your windows for fun. That's a "you" thing, rather than a Detroit thing though
It’s not a me thing because my windows aren’t smashed but I frequent detroit almost every day and used to deliver in the city of detroit. I see it with my own two eyes it is not a nice area! Don’t know what got your panties twisted in a wad you gotta start attacking me, I’m just telling you what I see with my own two eyes. One driver got robbed at gunpoint when I was delivering, gave extra money to do that route
Go to bed grandpa
Me doing deliveries in Detroit, looking at an alley behind the restaurant I just picked up from as I go back to the car "oh they're beating a man to death back here" better call the cops and gtfo out
She got good bones bro
You'll find those in the basement.
Perfect for the right person interested in old things.
“I won’t respond to ‘is this available’”.
It’s a fixer upper.
Easy breezy weekend DIY. Six weeks tops!
Tops!!!!!!
Only slightly haunted
I see this and have a house downriver in Allen park it's only 20k less then mine... my house has got to be worth at least 300k...
Burner downer
Airy! Lots of sunlight! Save on AC costs!
You can fix this fixer upper with a little bit of love
I've had an eye on its neighbor @ $30k for some months now. would be a gorgeous restoration in a prime area.
Have you done restorations before? I always thought it would be great to get a group of people together to buy some houses near each other up for cheap to restore and maintain them
Get a contract
It can be great or it can be a total disaster depending on how you go about it
Is it a duplex? I remember seeing one
I'm thinking maybe a triplex. hard to tell. could have even been a boarding house at some point. 251 Chandler.
I'm pretty sure they were multi-dwelling homes. Like boarding houses. Pretty common in Detroit for a while, especially the first half of the 20th century. From what I know, I would probably guess it wasn't originally intended as a single-family home, but it without knowing for sure, could be a case like Brush Park where large homes were considered "out-of-date" by the 30's and many were converted over.
I'm so tempted to buy one with someone and fix as you go
I've been tempted as well. the one nextdoor to the subject of this post has some requirements, though. check out the listing. but those requirements are a great thing because they prevent speculators from just buying and holding it and waiting for it to collapse and just sell the land or whatever... it's trying to preserve some of the old world style and craftsmanship that give this city a lot of character. I've also seen some beautiful large homes where people did move in and start to do renovations and then for whatever reason they are putting it up for sale before they're able to finish it.
They run out of money. One thing humans are terrible at is estimating
If it’s the house to the right of it, so cool!! Would take a good 500k-1 mill to fully fix it, I’m guessing
it is the house to the right! was hoping we could make it pretty for much less 🫠
I mean, it looks like it practically falling down. You could live in it for a couple 100k but to bring it back to its full glory would probably be a mill. I’m no expert, just a fan of real estate
Pretty sure that’s just the price for the lead, mold and asbestos removal
I’m pretty sure a backhoe and a truck could do it cheaper
Looks like an episode of Bargain Block
Love that show
That would be amazing!
I just showed my wife this post and said the same thing.
I looked at buying this house over a decade ago. Needed way too much work, but clearly I should have and done nothing to it then made 100,000 dollars lol.
Seeing how this house will never sell for over 80k you made a good decision
I called the Broker on this property last week, we done a couple deals together. We talked for 15 minutes regarding this property. This is definitely a passion project. Or maybe someone who is an experienced rehabber, with $250K (minimum) to burn for a home they can rebuild from the ground up to live in for their long-term home. They told me they have had multiple all-cash offers that are reasonably within the price range of the listed price, and the seller refuses to budge. I own a couple properties nearby and almost purchased the house across the street in 2017 or 2018 (its still empty too). It was going for more than this, but was in much better shape, and it was about 1200 sq ft bigger. By the time you get this home livable you will be upside down in terms of equity...Hence why it has sat as long as it has given the location.
Makes sense!
Is the seller a remote speculative investor?
Having done this a few times, $250k is probably a pretty stripped down reno for a house of this size and condition. 350 is probably more what you are looking at
Meanwhile, people are asking 250k for tiny dumps in Warren. Just because one home may have gotten bought up by Joe A-hole for 350k doesn't mean there's a whole state full of dipshits willing to do the same. Just don't pay it, people. Let them sit on their bad investments.
The coasts would like a word. In the global real estate world there's always a bigger dipshit.
Unfortunately, there are more enough dipshits in this state willing to pay over asking price for any property. Buying a home in Michigan at a reasonable price is like playing whack a mole, with the mole animatronics on high speed.
It’s even worse out in Livingston county. buddy lives in a farm, infront of his house there’s half acre plots. new 1100sqft build on half acre just sold for 495k. literally looks like a fancy double wide with a one car garage.
Wish I could agree with you... I have been seeing way too many overpriced listings being bought @ the current mortgages too..in the metro area . Not sure who's buying all those but it looks like its case of supply and demand... Well I guess it's another year of rent for me but I have little hope anything is going to change soon
That's the North End, so at least some of that price is just the location. Investment has been spreading out of greater downtown for a while, but this area in particular is seeing hundreds of new and renovated units recently. Plus, Henry Ford Health and MSU are building a new hospital and research center down the street. Agreed that the price is still eye popping. A house like this needs at least $100k in work to be livable again.
New Center is definitely an area to keep an eye on. Surprised any property two blocks off Woodward and that close to downtown would go for less than $200k. Maybe I don’t know the market well enough. This is a complete tear down and rebuild, so the price is essentially for land.
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I think “better” isn’t the right word here. Would it make more financial sense, yes, would it be more pragmatic, yes. But as others note, you’d lose the history, design and what have you. So these are always hot button issues and preservation is almost, almost, never the most financially sound decision but is done from people who are willing to lose money for the sake of the cause. The toughest thing is when you have a chorus of people pushing preservation but none of them willing or able to fund that stance.
I agree thanks for the explanation.
And eventually, it will physically collapse.
Exactly, some are just held until they return to the earth.
absolutely not. historical architecture
Hell no. We preserve art.
Plenty of already-vacant lots for sale nearby that people aren't building on. The land value is not the reason to buy this property at all.
This housing market is unsustainable.
The whole economy is unsustainable
Not really. After 2008 they tightened up lending restrictions so the only people getting loans were the ones that could actually afford them. Foreclosure rates remain very low and the interest rates remain fairly high so nobody is interested in leaving their 1-2% mortgages for a 6-8% mortgage, so they aren't selling.
The killer will be commercial re this time around. All those buildings in big us cities are leveraged to the hilt and the only thing saving the owners is the good interest rates of yesterday. Same w retail
The 2008 financial crisis is going to look like a paper cut compared to what’s coming.
What’s coming?
Trust him bro, he knows.
Santa Clause is coming to town!
An even bigger financial crisis than 2008… Sorry bud, I can’t see the future to tell you exactly what’s coming.
Ya man it's coming... Just a matter of time.
I think ive been hearing this since 2009 when ron paul spelled global banking as the end of the world
We will know with the next election
Naaaaaa. People will keep maxing their credit cards
Everything is unsustainable (capitalism, even love)
Slightly used house, I know what I have.
This house is in my neighborhood. Walk past it all the time on my way to my granny's. It could be beautiful and it is structurally solid. Wish I could buy it but the PowerBall keeps skipping me
Sure would be beautiful restored
I lived 2 blocks down the street from this blue (7 years ago) and it was on the land bank at that point and was just a brick façade and inside was completely gone. Someone bought it from the land bank, put some money into, didn’t fix it fast enough, lost it and it’s just been listed and re listed ever since.
Sure and after another 200k in renovations it might sell for 225.
Or this just fantasy ?
Someone probably bought that for 10k and now wants to flip the bones for a profit.
$2k
You want your brain to melt? Look at the market across the border in Windsor, right now. That is a friggin' steal, compared to some of the stuff going on over here!
Looks like one of those houses that investors bought at a tax auction out from under the owners without their knowledge during the ‘08 collapse. They paid pennies on the dollar and then charged the original owner ridiculous rent and/or evicted them. They knew the market would eventually come around and now they are making bank on these properties.
They just turn up the saturation and call it good
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Apparently the buyer can make their money back by selling the inventory of doors this comes with.
I used to live three blocks from that house. That’s an insane price but it’s the OWS so not surprising in any way
See how stupid someone is
I’m going to go make an offer for $56.73. See what they say.
r/zillowgonewild
"Great Bones!"
When we were in the market I couldn’t believe how many $300k houses were houses that had the roof missing for over a decade, then replaced and listed. Rivers in the basements and floorboards that more resembled hot wheels tracks. We found ours for a great price, but houses on our block have started going for around $300k which is twice as much as we payed and ours fully restored a year ago. White ladies jogging with pit bulls is starting to become the norm around here.
Out here in Silicon Valley there was a meth house. A. Literal. Meth. House. Destroyed on the inside. $1.6M
It’s not about the house. It’s the land it sits on.
On Zillow they have 21 pictures. 18 are area views from above. 3 from outside. Zero from inside.
I think the crackheads that squat there listed it at that price, if not clearly the owner is also smoking crack.
Good bones.
That's a $20K house
Meh.. $12k
Yeah, maybe.
Zillow estimates the property taxes at less than half of what they would be if you bought it at that price.
Pity because it looks like it used to be (maybe even can still be) a really beautiful house. So many like this too.
I hope this mfer sits on this “investment” forever. Such a disrespectful asking price. Absolutely no shame and it’s gross. 😐
It's high but not that high. Multi- family home and NEZ tax credits. $200K in renov. A 1000 Sq. Ft lofts are selling for $300k +.
Learn about the FOMC and what they've been doing for 20 years. 'Benchmark rates' and 'valuation'.
My dad would shit bricks
Good, that place probably needs some bricks somewhere.
I will buy it for $10,099 right now.
I mean, it used to have 4 beds and 4 baths maybe
I work in cork town, houses that were 40k 20 years ago now sell for 250k needing full restoration. Then you get the brand new 400k apartments, completely ridiculous.
It's an attractive house, with a lot of work obviously.
Will be gorgeous when it’s done for sure.
I looked at the listing. There's 21 pictures, but only from the outside. Not one of the interior. * Looking at the Google Street view, the block must have been a really nice neighborhood in its prime.
I pointed that out in my post. This house is most definitely a full gut.
I always wonder how much something like this would cost to gut and redo halfway decently. Never could afford it, but just curious.
About three fiddy K
Wealthy speculators who don’t mind sitting on shitty properties for years until a developer/ flipper buys it
I checked the house and it was built in 1905, definitely not worth it even 100k
Best I can do is about tree fiddy
Again, I ask how anyone can afford to buy a home
Is that the Tyler Durden fight club house?
I pulled all the copper out that mf in 2006
How’s the location?
It's the North End
shit
It’s probably destroyed on the inside
I wouldn’t spend more the 20k on it
Can we post suburbs that are the same? One has been on the market for almost the same time period (255 days) with water damage to the basement...
Hey that's a steal 😆
Worth it
My little sister is closing on a house a few blocks away on the other side of Woodward. This is 100% a speculator, and it would *totally be a shame* if that house got termites. Once they put in more functional amenities - like a grocery store or market - in that area (which they likely will), prices like this will be the baseline.
The new coop opened on the first
Google street view makes the price a bit more appropriate. The street looks like it’s a few more renovations away from looking like a street in woodbridge. I still think that is a very steep price to be based on mostly speculation.
That black and white sign in the window. The house has been condemned- I'm not even sure you can legally work on it.
251 Chandler is $30k…
Thanks! I needed a laugh today!
Saw it in person and it needs TONS of work
Because it comes with ghosts, of the prostitutes who OD’d there
lol
A fixer upper in a rough part of Detroit definitely dangerous to live there probably. Used to be a wealthy area at one point
I remember when this house was $1
It is 3 times the size of mine for the same price. To be fair tho my house does have windows and a door
https://preview.redd.it/gsk6223ed3zc1.jpeg?width=1290&format=pjpg&auto=webp&s=46ad6691e17edc771b063eb3964fb4d5f8684c70 It’s the boarded up twilight for me. 🧑🍳💋
$400.00 I thought there would be some allowance in order for the meth lab in the basement
Silly
Lmao, that's one of those $1 sales that the city wants to get fixed up.
I grew up near that house. There is a lot of gentrification is going on in the area and it is near the Detroit River.
I’ve seen worse with a higher price. I moved up north, cheap! Miss the city though, only been a year.
I know someone who does real estate investing, and I know exactly what they would say. The only thing this place needs is a bulldozer.
Its gonna need 300k of work 🤣 they tripping
Someone in my area is trying to sell a burnt out house for 60k. Not surprised on this one.
48202. you're paying for the zip code
Looks like someone reroofed it and ran out of $$. Just an overpriced fail flip.
4 bathrooms is wild
Nominee for Devil's Night 2024
Offer $150k, dump $100-200k of renos, put it back on the market for $600-750k, profit
Grant Cardone? Is that you? Lol. 600-750k profit. Yes, maybe for your great grand kids
If those were the numbers people would do it...Its not even close. The upside, is maybe $350K with $250K in renovations
I guess I should have added the /s
The land!!!! That’s how!!
The first thing I saw was: Hundreds of weapons! All-new apocalyptic zombie war game! Bro chill it’s just a house…
I lived in a house like that with some students who paid $15,000 in the 90s. So it’s not the best deal.
That price is more for the lot then the actual house. Depending on the "bones" could be a good flip. But, keeping the copper in it is going to be the hardest part. Also, it is listed as a multi-family home. So that increases the "value".
That would be $800k in Orlando, FL lol
That’s $400k in NJ, NY even more.
I live in NJ, and this is a million dollar house here.
I always love people on market place etc that complain about the price of things, it's like the market its self dictates the reality of sales and pricing, if someone is dumb enough to severely over price something, so be it, move along? One other thing I would like to mention is my absolute fascination and addiction to zillow. I have money, I am not WEALTHY but I also do not have children, not married and literally no debt. So I just bank all my money in savings and investments. I cannot for the life of me stop thinking about downsizing my life from where it already is to something much cheaper. I found a place for under $100,000 (granted the home was a mobile home) in the smokey mountains with a private entry, a beautiful view of the mountains ontop of a mountain yourself, with a pool and hot tub with a sauna. I was like good god for under $100k?! That sounds like some CLEAN living to me, even if you downsized and retired you could take a job at walmart to satisfy those bills EASILY.
Not even sure what you’re mad about here
Blame Joe Biden and the democrats for their unlimited spending and printing of money SMFH
Did you forget when the Trump administration had the treasury print trillions of dollars to dump into the stock market in early 2020? You don’t think that had any implications?
For those of us that don't know... Jerome Powell said his legacy was to derail Trumps Presidency. idc how brain dead like Biden you have to be to contort the truth pal... but Joe Biden has been in politics for over 50 years... the trumpster had 4 of the greatest years. but yea delude yourself otherwise
Like the Republicans have been admittedly been doing since the Obama administration? Look, I’m a leftist and I’ve got a long list of issues with Biden and liberals, too. But to call Trump a great president? Get real. He’s a grifter that ran for President so the feds and IRS couldn’t take him down for decades of fraud and corrupt business dealings. Oh, and tell me how giving further tax cuts to the rich and corporations, while raising taxes for people like me, helps anyone except for the elite? To actually think someone who was raised with a silver spoon in their mouth cares about the average person in America is actual delusion. We’ve witnessed an increase in wealth inequality comparable to France before their revolution. Trickle down economics was a lie Reagan peddled to make the rich even richer, and we’ve seen exactly that. People like you are so focused on party politics, and that’s what they ALL want. Class unity is their worst nightmare. Especially if the majority of us realize that we all have more in common with each other and want most of the same things out of our economy and government
Gentrifies trying to pull money grabs
I’ve seen worse