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November 16, 2006
Former House for Sale
Shortly after we moved back into our house, we had a regular visitor. He never knocked or introduced himself, but he did park across the street and point at our house a lot with contractors in tow. We're pretty sure we saw the same pickup truck parked in front of this house:
Seeing this little blue house stripped to the boards, I was reminded of the shock when our house was in demo. But at least I knew our house was coming back. The new piers suggest they were planning on rebuilding.
The City of Austin Permit Database says :
DEMOLISH INTERIOR AND EXTERIOR ONLY; NO STRUCTURAL DEMOLITION WILL OCCUR.
1ST & 2ND FL ADDN/CREATE DECK MST-BDRM-STUDY-BDRM-BATH-CLOSET-UTILTIY RM-RMDL-REPLACE FLOOR JOIST- 2 PIERS-REPLACE SHEETROCK, WINDOWS-DOORS-SIDING-INSLUATION-ELECT-PLMB-MECH DUCTS-
Two months later, there is still no progress. And a couple of days ago, a "For Sale" sign went up in the yard.
Ouch.
Update: Listing is now online. My favorite part: "0 bedrooms 0 bathrooms". Least favorite part, "$249,000".
Posted by David at November 16, 2006 10:06 AM
Comments
Was that a "POP" sound I heard coming from the local housing market?
Posted by: Jon at November 16, 2006 12:45 PM
I saw that house too. I dont know what is going on with it. The market still seems to be doing ok in Austin http://www.escapesomewhere.com/austinblog/2006/11/october_statistics_for_the_aus.html Austin Real Estate Stats. I think with that house they probably jumped in head first and werent quite sure what they were doing. They have it on the market for 250 now as just a lot which seems pretty high.
Posted by: Escapeso Austin Real Estate at December 2, 2006 03:07 PM
So, the moral to the story is "know what the heck you're doing" - like the two of you did and do! If they actually get $200-250 for that, you will know all you need to know about values in Austin. That will make your place worth what? $500-750,000? A mil?
Posted by: Ron at December 8, 2006 08:00 AM
I just stumbled upon your blog, looking for info. about people who've done renovations in Crestview. I'm your neighbor, kind-of. I live over on Madison, and I think maybe my backyard looks into yours! Which all makes me feel like an accidental stalker. But I promise, I'm not!
ANYWAY, I think yours (if it's the one I'm thinking of) is quite an interesting house. Mostly, though, I wanted to chime in on the price wanted for that lot/skeleton, especially given the price on the complete house next door and across the street from it. I have a hard time believing they're going to get the asking price...
Posted by: Sally at April 26, 2007 05:01 PM