Wednesday, September 2, 2009
Motivated AND delusional
It's been a while since I did a delusional seller post, so here goes.
2608 Carlton Pl is an old wreck of a house overlooking Victoria Country Club in Riverside. The home was built in 1925 and the current owners have lived in it 40+ years. By the looks of the thing they haven't done much to it since they bought it. To me it looks like a tear down. At the very least any buyer would have to gut this thing and rebuild it from the ground up.
So they list this train wreck right after the market starts to tank, in Jan 2007, for 1.2 million dollars. Now, even during the heady days of the bubble getting $1.2M for this dog would have been unlikely. Now here we are 975 days later and the listing price has dropped a mind numbing........ ONE THOU! Yup, you read it right, it went from 1.2M to 1.199M and that whopping price drop only happened two weeks ago. This is another case of "what the frack is the realtard thinking". We all know this is not going to sell. Come on Roy from Realty World, do us all a favor and drop this dog!
Thre are no pics of the house bar a shot of the front (from a distance). But I have driven by this place and I can assure you there is a reason there are no pics. In addition to the house being a wreck, it's built on a huge slope, so there is no real back yard to speak of. And there's not much of a front yard either. It does over look the golf course and I'm sure there is some value to the lot. But the house looks like it should be condemned. Judging by the listing it is probably some old geezer that lives in it and doesn't care one way or the other if he sells it. Even though the listing say's "MOTIVATED", he obviously isn't. The lsiting does say "MILLION DOLLAR VIEW" and maybe that's why it's priced at 1.199M. That would imply the the house and lot are worth $199k and to me that seems about right!