the most over-priced house in the MLS?

[Critter]

The listing states year built 2007. From that do we deduce the original structure was torn down and this is a completely new home?

Do we further deduce that all costs to rebuild x3 are factored into the new price?

What do you think the owners really spent to get this built?

[cantab]

I know this area. The houses are Drogan-style 60s modernist tract houses. The pictures show clearly that the house was totally remodeled but not torn down. The walls and ceilings and room layout are all original but refinished or resurfaced. My guess is they spent at most $100 per sqft, i.e. $200K, on the remodel. It could have been only $100K if they were economical. The new windows for example look like vinyl, not high-end wood.

[cantab]

I know this area. The houses are Drogan-style 60s modernist tract houses. The pictures show clearly that the house was totally remodeled but not torn down. The walls and ceilings and room layout are all original but refinished or resurfaced. My guess is they spent at most $100 per sqft, i.e. $200K, on the remodel. It could have been only $100K if they were economical. The new windows for example look like vinyl, not high-end wood.

[cantab]

I know this area. The houses are Drogan-style 60s modernist tract houses. The pictures show clearly that the house was totally remodeled but not torn down. The walls and ceilings and room layout are all original but refinished or resurfaced. My guess is they spent at most $100 per sqft, i.e. $200K, on the remodel. It could have been only $100K if they were economical. The new windows for example look like vinyl, not high-end wood.

[Anonymous]

The area is a 50s subdivision called Pacifica; the houses in the area were designed by Palmer & Krisel (“P&K”, architects who gained renown for their mid-century modern designs in Palm Springs. Basically, the owners had an architectural gem and, instead of polishing it with integrity, they tried to turn it into somebody’s idea of “Tuscan,” using cheap materials. It’s a monstrosity. Ruined. Other P&K houses in Pacifica usually fetch about $1.2 million–and those are the houses that have been polished up in a way consistent with the modernist sensibility. So, obviously, it’s not only an overpriced house, but it’s been renovated in a way that lessens it’s architectural integrity.

[Anonymous]

The area is a 50s subdivision called Pacifica; the houses in the area were designed by Palmer & Krisel (“P&K”, architects who gained renown for their mid-century modern designs in Palm Springs. Basically, the owners had an architectural gem and, instead of polishing it with integrity, they tried to turn it into somebody’s idea of “Tuscan,” using cheap materials. It’s a monstrosity. Ruined. Other P&K houses in Pacifica usually fetch about $1.2 million–and those are the houses that have been polished up in a way consistent with the modernist sensibility. So, obviously, it’s not only an overpriced house, but it’s been renovated in a way that lessens it’s architectural integrity.

[Anonymous]

The area is a 50s subdivision called Pacifica; the houses in the area were designed by Palmer & Krisel (“P&K”, architects who gained renown for their mid-century modern designs in Palm Springs. Basically, the owners had an architectural gem and, instead of polishing it with integrity, they tried to turn it into somebody’s idea of “Tuscan,” using cheap materials. It’s a monstrosity. Ruined. Other P&K houses in Pacifica usually fetch about $1.2 million–and those are the houses that have been polished up in a way consistent with the modernist sensibility. So, obviously, it’s not only an overpriced house, but it’s been renovated in a way that lessens it’s architectural integrity.

[eccen in esc]

eccen in esc

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=071045711&page=1&property_type=SFR&mls=mls_sandiego&cKey=snd1nb2s&source=SANDICOR

Unless the “formica” countertops are gold plated, I believe this is overpriced by more than 200K.

[eccen in esc]

eccen in esc

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=071045711&page=1&property_type=SFR&mls=mls_sandiego&cKey=snd1nb2s&source=SANDICOR

Unless the “formica” countertops are gold plated, I believe this is overpriced by more than 200K.

[eccen in esc]

eccen in esc

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=071045711&page=1&property_type=SFR&mls=mls_sandiego&cKey=snd1nb2s&source=SANDICOR

Unless the “formica” countertops are gold plated, I believe this is overpriced by more than 200K.

[Author]

Posts