Saturday, December 6, 2008

Hundred Year Old House

Looking at new listings sometimes you see interesting stuff. Like this house built 100 years ago:

761 Boylston St Pasadena, CA 91104 (MLS#: 22119082)

Price: $199,000
Beds: 2
Baths: 1
Sq. Ft.: 1,044
$/Sq. Ft.: $191
Lot Size: 6,763 Sq. Ft.
Year Built: 1908
Area: Northeast Pasadena

"This REO is in TOTAL disrepair. Bring your contractor or . . . a bulldozer. "

They are not kidding. The place is in really sorry shape:

It's too bad, because if it had been kept up it could have some definite charm. My guess is it could easily cost hundred grand to fix it, possibly more if there are structural issues too. It probably would be cheaper and less painful to just bulldoze it off and put some condos in its place. It's unfortunate, I much prefer old houses with character than new ones without.

I wonder what made someone pay $375,000 for it last April. Was it a scam or flipping gone bad?

1 comment:

Anonymous said...

a flip that flopped. I lived in a house that was worse and less then half the size. I could work with it.