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the saga of the shack

April 26th, 2009 at 01:58 am

You might remember the too expensively priced near-shack that I sometimes walked past. To refresh your memory on previous posts...

Text is Part 1 and Link is http://baselle.savingadvice.com/2008/02/22/the-housing-bubble-in-a-nutshell_35884/

Part 1

Text is Part 2 and Link is http://baselle.savingadvice.com/2008/07/08/following-one-thing-down-the-other-up_40981/

Part 2

I walked past it again last week. They got rid of the fence, but now the hedge is sprouting...


Along with an exciting yellow sign...


So let's recap, shall we?

Feb 2008 - 499K
April 2008 - $445K
July 2008 - $395K

then no sign, seller has given up.

May 2009 - probable teardown.

Can't say that this will be fantastic either. The lot isn't big enough to support much of anything except a house with a yard.

Posted in The Neighborhood, Recession | 2 Comments »

2 Responses to “the saga of the shack”

1. frugaltexan75 Says:
   April 26th, 2009 at 04:00 am 1240714828
   1240714828
   Maybe that's what they're planning on doing. Tearing the house down and starting over with a new house. Something that might actually sell.

2. dmontngrey Says:
   April 26th, 2009 at 10:24 pm 1240781053
   1240781053
   There's a house near me that resembles a "shack" even though it would be a beautiful victorian mansion if someone sunk some money into it. Really though, the condition it's in for $650K (a year ago)? Just checked and it's now at a bargain price of $450K. Well, that's a bit more reasonable considering the work it needs. I've lived in this town for 10 years and it has been for sale that whole time. I'd rather have the one down the road that's already restored - only $950K! lol...

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