Zillow Gone WIld
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wrote on 7 Jun 2023, 13:42 last edited by
Money pit.
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wrote on 7 Jun 2023, 13:43 last edited by
@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....
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wrote on 7 Jun 2023, 13:46 last edited by
Annnd....
Looks like there's an offer pending. I can't access the interior pictures any more.
Taxes are low ($3500 or so), and Winona's a pretty nice town from what I hear...if you like Minnesoooota.
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wrote on 7 Jun 2023, 15:33 last edited by
Yeah, but that house has clearly been neglected.
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wrote on 7 Jun 2023, 17:14 last edited by
Finally, here’s a chance to own a Lodge that was built in 1825 that’s on around 40 acres in Mainland Shetland. Offers start at over £30,000 (about $37,351). It’s currently being proposed as a “world class 24 bedroom retreat.”
More info here https://estateagencyshetland.co.uk/properties/brough-lodge
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Finally, here’s a chance to own a Lodge that was built in 1825 that’s on around 40 acres in Mainland Shetland. Offers start at over £30,000 (about $37,351). It’s currently being proposed as a “world class 24 bedroom retreat.”
More info here https://estateagencyshetland.co.uk/properties/brough-lodge
wrote on 9 Jun 2023, 02:45 last edited by@Doctor-Phibes That looks pretty cool.
I thought this was kind of funny.
"Although remote, which is very much part of its attraction, and with a small population, Fetlar does have its own shop & post office open for a couple of hours, five days a week, and a cafe which primarily operates in the summer months."
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wrote on 9 Jun 2023, 20:14 last edited by
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wrote on 9 Jun 2023, 20:27 last edited by
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wrote on 9 Jun 2023, 22:33 last edited by
Good friends of my in-laws bought just such a money pit, pool and all. Big mistake.
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wrote on 10 Jun 2023, 00:36 last edited by
Yeah but once they spent a few thousand and got it all swept and Lemon Pledged, it would be gorgeous!
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wrote on 11 Jun 2023, 02:05 last edited by
A real flipper-upper.
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wrote on 12 Jun 2023, 13:07 last edited by
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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wrote on 10 Jul 2023, 23:50 last edited by
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wrote on 10 Jul 2023, 23:59 last edited by
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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wrote on 11 Jul 2023, 12:08 last edited by
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wrote on 11 Jul 2023, 12:19 last edited by
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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@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....
wrote on 11 Jul 2023, 12:25 last edited by@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.
wrote on 11 Jul 2023, 12:28 last edited by -
wrote on 11 Jul 2023, 12:31 last edited by
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.
wrote on 11 Jul 2023, 18:14 last edited by@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?
UNQUOTE
