Zillow Gone WIld
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A real flipper-upper.
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Sometimes I think folks are (unintentionally) paying money just for the land and the studs. Those types of houses are, otherwise, a complete tear-down and re-do, even if it's room by room. At that point, you're just using the framing (studs) if they are reliable and, if lucky, the plumbing and electricity.
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In Cincinnati. About $1.6 million.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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The problem with the church is it needs some internal walls. It would be kind of fun living there.
Not in the same class at all, but I used to walk past this one everyday with my dog...
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Not only that, but the neighborhood is awful. There's some gentrification, but I wouldn't walk around there day or night unless I had a death wish.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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@Jolly said in Zillow Gone WIld:
Money pit.
And how. If you check the listing and look at the interior photos, there's easily $2M of work needed. And then we start talking about the grounds....
@George-K said in Zillow Gone WIld:
@Jolly said in Zillow Gone WIld:
Money pit.
And how. If you check the listing and look at the interior photos, there's easily $2M of work needed. And then we start talking about the grounds....
It needs a roof and exterior paint. I've never roofed a two-story (and wouldn't, in my balmiest days) and I ain't wild about scraping and painting that far off of the ground.
Having said that, if the bones are good, a hard-working young couple could bring that house back. I'd rent a Bobcat or a small, rubber tracked dozer for some of undergrowth. A chainsaw would be your friend. I'd probably just fill the pool in. I'd get a working kitchen going, a working bathroom and one bedroom. Then I'd tackle the rest of it room-by-room, contracting only what I absolutely had to.
It would take somebody with a wide breadth of skills or two people with complimentary skills. Those people do exist...A guy came by the house last night...We were looking at a dead tree on the property line and talking about what we would have done at 40 vs. what we are doing now. Anyway, I know this guy is a great carpenter, can build custom cabinets, is a decent plumber, can wire a house and can do HVAC work.
At 25-30 years old? Yeah, he and his wife could have done this one.
The problem is the money. If your back is good enough to tackle doing something like this house, your wallet is most likely too thin to even support a shoestring budget.
And then you have to pay the taxes...
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Not only that, but the neighborhood is awful. There's some gentrification, but I wouldn't walk around there day or night unless I had a death wish.
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That first one, in Minnesoooota, sold for $875K last week.
Taxes are only about $3,500 for the last 3 years. That's sure to go up, however, because...taxes never go down.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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Sometimes I think folks are (unintentionally) paying money just for the land and the studs. Those types of houses are, otherwise, a complete tear-down and re-do, even if it's room by room. At that point, you're just using the framing (studs) if they are reliable and, if lucky, the plumbing and electricity.
@89th said in Zillow Gone WIld:
Sometimes I think folks are (unintentionally) paying money just for the land and the studs. Those types of houses are, otherwise, a complete tear-down and re-do, even if it's room by room. At that point, you're just using the framing (studs) if they are reliable and, if lucky, the plumbing and electricity.
Kind of like that famous philosophy question: The Ship of Theseus
QUOTE
In ancient Greece, there was a legendary king named Theseus who supposedly founded the city of Athens. Since he fought many naval battles, the people of Athens dedicated a memorial in his honor by preserving his ship in the port. This “ship of Theseus” stayed there for hundreds of years. As time went on, some of the wooden planks of Theseus’ ship started rotting away. To keep the ship nice and complete, the rotting planks were replaced with new planks made of the same material. Here is the key question: If you replace one of the planks, is it still the same ship of Theseus? This question about a mythical ship is the poster child for one of the most interesting problems in all of philosophy, namely the problem of identity. What is a physical object? How do things stay the same even after they change? At what point does an object become different? When we talk about a certain object and say that “it changed,” what exactly is “it”?What happens if you change two of the ship’s planks? Would that make it somehow less of the original ship than after one plank is changed? What if the ship consists of a hundred planks and forty-nine of the planks are changed? How about fifty-one changed planks? What about changing ninety-nine of the hundred planks? Is the single plank at the bottom of the ship enough to maintain the original lofty status of the ship? And what if all of the planks are changed? If the change is gradual, does the ship still maintain its status as the ship of Theseus? How gradual must the change be?
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If a hen and a half could lay an egg and a half in a day and a half, how long would it take a one-legged grasshopper with a wooden leg, to kick half the seeds out of a 32 pound Black Diamond watermelon on any given Tuesday?
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If a hen and a half could lay an egg and a half in a day and a half, how long would it take a one-legged grasshopper with a wooden leg, to kick half the seeds out of a 32 pound Black Diamond watermelon on any given Tuesday?
@Jolly said in Zillow Gone WIld:
If a hen and a half could lay an egg and a half in a day and a half, how long would it take a one-legged grasshopper with a wooden leg, to kick half the seeds out of a 32 pound Black Diamond watermelon on any given Tuesday?
The answer is "TRUE". 555
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$750K in Winona MN. Two hours from the Twin Cities. Half an hour from La Crosse.
Most importantly, less than an hour from @brenda .
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That first one, in Minnesoooota, sold for $875K last week.
Taxes are only about $3,500 for the last 3 years. That's sure to go up, however, because...taxes never go down.
@George-K
I'm very curious to know who bought it. Could be one of their local multi-millionaires, and there are several in that area.Heard of Fastenal? The folks who started it come from there. Very generous with their wealth, such as major donations to Mayo Clinic, land and construction funds for a brand new very large Catholic high school, a fantastic art museum featuring the personal collection of one couple, .... Yes, there's more than enough money to do a fine restoration from those large pockets.
There are other very successful entrepreneurs in the area, and there could be a family connection with the home that would tug on the heart strings and the family purse. I hope the new owners have a great time with this project.
