"100% of people who do not save money do not have any!"--Dave Ramsey

[Xist]

Wait, three bedrooms and two are in the addition...

Why aren't there pictures of the original bedroom?

[JSH]

Likely reasons this house hasn't sold in 4 years:

1. It is overpriced
2. It has some major and expensive structural issues
3. The owner is unreasonable or difficult to work with
4. The owner is too cheap to use a realtor
5. All of the above

Does the Zillow history show it going under contract and then back on the market multiple times? That is a bad sign.

"Sunken" living rooms were a fad back in the 60's and 70's made popular by the set of the Dick Van Dyke show.

EDIT: After finding it on Zillow my bet is that it has some major issue. Maybe it needs a new septic field, maybe the addition was done by the homeowner, and isn't permitted or done to code.

It is $30 - $50,000 less than similar sized houses in the area but hasn't sold years. That is a huge red flag. The fact that the price is only dropping about $1000 a year makes me suspect the owner thinks it is worth more than the market says.

The neighborhood likely isn't helping. Google maps shows a singlewide a couple doors down with 4 cars and what look like a bunch of crap in the yard.

[Xist]

1. This house has the second-cheapest price-per-square foot of the 8 houses for sale in my ZIP. The only one that is cheaper appears to have a storage room that was converted from a garage. The 42 houses that sold in the past 12 months averaged $125, so this is a bit cheaper--with a huge garage, while many do not even have a carport.
2. There could be some major and expensive issue, perhaps the plumbing.
3. Hell is other people.
4. The owner is a realtor.



Coldwell Banker says that it is VA approved.

[Piotrsko]

IMO cheapo house with poorly built scab on additions illustrated by floor drops caused by slab floors connected to elevated construction. You should be able to get online and see whether what county permits were pulled, but it's probably bootlegged, especially if outside of city limits. A good buyer's realtor can tell you back history story. Yes you can easily cheaply enclose the breezeway, did so on a couple of my places.

Ive seen and bought worse, but it depends on your skill set and determination levels. Won't be a hugely profitable buy.

Jsh nailed it.

While you technically a corporation, you dont have convertible assets when you bankrupt

[Xist]

As far as I know, the front of the house is original, while the butt was upgraded.

[oil pan 4]

I have only seen a few additions that were done correctly and that the roof didn't leak.
I would expect the roof to leak on that setup. Actually with a roof like that I don't think I have ever seen one that didn't leak somewhere.

[Xist]

I wonder how a relatively-flat roof like that handles snow.

[JSH]

There is a reason the 2nd cheapest house by square foot hasn’t sold in 4 years. Something major is wrong with it. All it takes is clicking that button to schedule a viewing to find out what it is.

[Fat Charlie]

I'd be perfectly happy to let the invisible hand of the market guide me away from it.

If I wanted to build a house, I'd be better off admitting it and starting from scratch. I'm not good enough and don't have the time to rebuild someone else's disaster.

[JSH]

Originally Posted by Fat Charlie

I'd be perfectly happy to let the invisible hand of the market guide me away from it.

If I wanted to build a house, I'd be better off admitting it and starting from scratch. I'm not good enough and don't have the time to rebuild someone else's disaster.

Sometimes it is good to see that disaster and let reality sink in.

When we moved to Oregon my wife was dead set on spending no more on a house than what we sold our house in Alabama for. So I looked online and found some houses to look at in that price range.

The 1st was a house with 2 scabbed on additions done by the homeowner, on 3 different levels, all different building materials, and a really weird layout. You had to walk through a bathroom to get to one of the bedrooms.

The 2nd had blue tarp on the roof and two bedrooms with the ceiling falling in and black mold from floor to ceiling. (And for some reason a 10x10 room made out of concrete blocks in the middle of the garage with nothing but a toilet in it.)

The 3rd was a house from the 1910’s with holes in the walls, a gas furnace in the floor of the living room without any ductwork going to any of the other room. It also had a 60 Amp fuse box.

That was enough and she agreed to up our price range 50%.