SarahFair
Senior Member
I was looking at a house back in November on the same street as this one.
The house sold for $133,000 and I think was originally listed for $140 and dropped to $136.
We couldnt get our house on the market in time and it sold a few months ago.
We are about 2 weeks out from putting ours on the market and need to find something asap.
There is one down the street from the original house I liked that I like as well.
It needs a TON of work though.
It was built in 1909.
http://www.zillow.com/homedetails/236-Boulevard-Monroe-GA-30655/49895123_zpid/
The yard seems a little smaller but it has a detached garage and a green house. This house is also 300+/- sqft larger.
Its downstairs 1/2 bath and laundry are newer additions to the house, there is no 2nd floor above this area.
I noticed a quarter of the flooring, closest to the outside, slopes off a little to the side, something I can live with..
Heres a little diagram I whipped up.
And here is a photobucket album of a few things I took pictures of
http://s276.photobucket.com/user/Faircloth9945/library/B house?sort=3&page=1
From the outside the house looks okay. The front porch banisters have some rot, the covered porch ceiling looks questionable (its the picture of the blue ceiling in the photo album), and the outside windows will need stripping and repainting but does not seem to be soft and rotting.
Inside needs help, especially upstairs.
It looks as though the upstairs shower leaked at some point. The damage must have been pretty extensive because the original floor in the upstairs hallway has been replaced with the same linoleum that is in the bathroom.
My biggest fear is the stairs and if the water got down in the stairway.
Coming up the stairs you meet a wall which on the other side is the shower.
There is a rectangle that was cut out of the wall and screwed back in. I image this was done to inspect the plumbing to the shower.
If you are downstairs and looking up at the stairs you can see a crack coming down from the stairs and one that runs along the opening. Its thin, but it does run till the closet under the stairs starts. I dont know if this is normal due to settlement or if its because of the leak.
Right in front of the tub is a "soft spot". You can feel the floor give when you step on it. In the picture youll notice a blued area on the linoleum.
If youre standing right below the area downstairs you can see the ceiling has rot, but this is the only place down stairs you can see damage.
This is the plumbing system inside. Its located in the "electric" room.
As far as the rest of the plumbing there is no polybutylene in the house.
The only copper I saw was under the kitchen sink, the rest looked as though it had been replaced.
As far as the electrical, it looks like it has been updated.
Theres a few old plugs here and there, but there is also newer plugs as well.
There is old knob and tube up in the attic (pictures of it), but I guess that would be normal to disconnect it and leave it there.
The attic had some natural light coming in from it, then a tote sitting under it. I have no idea what it was. A leaky sky light would be my guess
There seems to be a weird issue with one of the walls in the bedroom as well.
The whole house is dry wall, not plaster.
I dont know if it settlement, a sloppy dry wall job, but I did notice above the window the ceiling looked as though it had been cut out and patched back. The whole upstairs was not your smooth ceiling like downstairs. It was the stippled ceiling, so Im guessing at some point this was replaced?
The roof is 14 years old and looks like it needs replacing, the upstairs heating system is 14 years old, both AC systems are 14 years old (the outside units look older, imo).
The downstairs heating system is only a few years old.
The listing agent is actually renting the house out right now.
MY realtor said the house has only been on the market since January, but I know this is not true because this house was on the market and sitting empty when I was looking at the other house down the street back in November, but under a different agent.
Zillow says the house has been on and off the market for over a year, with no price changes, yet my realtor says you cant trust Zillow because they will manipulate information. I know their Zestimates are more like guesstimates, but how can they manipulate how long the house has been listed on their website?
She said the listing realtor told her the owners (whom I believe lives out of state) are extremely motivated to sell. When I asked my realtor what she thought realistically we could offer she said, "If they were to pay closing costs, $137,000, if not $132,000"
She said the house sold for $97,000 around 2007 and was listed sometime after for over $200,000. I cant remember if she said it sold at that price or not, but now its listed at $145,000.
Looking at the tax maps Im not seeing any kind of sale for this house.
It says Sale Date - 00/00/0000 -- Sale Price - $0 -- Reason -- Unqualified Sale -- No Grantor but has a grantee.
Which leads me to believe whom ever owns this house (they live in NC) has owned it since before they started keeping online records.
Im not sure if my realtor just didnt really check far enough into the house (she was doing everything via phone right in front of me) to give a good estimated offer, or if shes looking out for her commission.
All and all, repair wise Im thinking $40,000-$50,000 for things I can see, add in another $10,000 because that just happens
This is fixing the upstairs floor, bathroom remodel, new ACs, new gas heating system, roof, painting exterior windows etc...
Then there is doing things that I would personally like to cosmetically change, ie: New counter tops, new kitchen floor, repaint the whole house (which I can do myself, but that can still add in a few $$) that would bring the $50-60k up even higher..
Im thinking around $95-$100k would be a fair price.
Thats about $47 a sqft
The house down the street sold for $73 per sqft and like I said, didnt need a quarter of the work this one did..
Similar aged houses that are remodeled have sold for $70-84sqft but most of these are your huge 5br 2500+sqft homes.
Ones in this shape have sold from $12-$50/sqft.
Is there anything major that would make yall run for the hills or do yall think this is all manageable issues, if you could buy the house low enough to invest some money into it.
I dont mind a fixer upper, but I dont want a money pit either...
The house sold for $133,000 and I think was originally listed for $140 and dropped to $136.
We couldnt get our house on the market in time and it sold a few months ago.
We are about 2 weeks out from putting ours on the market and need to find something asap.
There is one down the street from the original house I liked that I like as well.
It needs a TON of work though.
It was built in 1909.
http://www.zillow.com/homedetails/236-Boulevard-Monroe-GA-30655/49895123_zpid/
The yard seems a little smaller but it has a detached garage and a green house. This house is also 300+/- sqft larger.
Its downstairs 1/2 bath and laundry are newer additions to the house, there is no 2nd floor above this area.
I noticed a quarter of the flooring, closest to the outside, slopes off a little to the side, something I can live with..
Heres a little diagram I whipped up.
And here is a photobucket album of a few things I took pictures of
http://s276.photobucket.com/user/Faircloth9945/library/B house?sort=3&page=1
From the outside the house looks okay. The front porch banisters have some rot, the covered porch ceiling looks questionable (its the picture of the blue ceiling in the photo album), and the outside windows will need stripping and repainting but does not seem to be soft and rotting.
Inside needs help, especially upstairs.
It looks as though the upstairs shower leaked at some point. The damage must have been pretty extensive because the original floor in the upstairs hallway has been replaced with the same linoleum that is in the bathroom.
My biggest fear is the stairs and if the water got down in the stairway.
Coming up the stairs you meet a wall which on the other side is the shower.
There is a rectangle that was cut out of the wall and screwed back in. I image this was done to inspect the plumbing to the shower.
If you are downstairs and looking up at the stairs you can see a crack coming down from the stairs and one that runs along the opening. Its thin, but it does run till the closet under the stairs starts. I dont know if this is normal due to settlement or if its because of the leak.
Right in front of the tub is a "soft spot". You can feel the floor give when you step on it. In the picture youll notice a blued area on the linoleum.
If youre standing right below the area downstairs you can see the ceiling has rot, but this is the only place down stairs you can see damage.
This is the plumbing system inside. Its located in the "electric" room.
As far as the rest of the plumbing there is no polybutylene in the house.
The only copper I saw was under the kitchen sink, the rest looked as though it had been replaced.
As far as the electrical, it looks like it has been updated.
Theres a few old plugs here and there, but there is also newer plugs as well.
There is old knob and tube up in the attic (pictures of it), but I guess that would be normal to disconnect it and leave it there.
The attic had some natural light coming in from it, then a tote sitting under it. I have no idea what it was. A leaky sky light would be my guess
There seems to be a weird issue with one of the walls in the bedroom as well.
The whole house is dry wall, not plaster.
I dont know if it settlement, a sloppy dry wall job, but I did notice above the window the ceiling looked as though it had been cut out and patched back. The whole upstairs was not your smooth ceiling like downstairs. It was the stippled ceiling, so Im guessing at some point this was replaced?
The roof is 14 years old and looks like it needs replacing, the upstairs heating system is 14 years old, both AC systems are 14 years old (the outside units look older, imo).
The downstairs heating system is only a few years old.
The listing agent is actually renting the house out right now.
MY realtor said the house has only been on the market since January, but I know this is not true because this house was on the market and sitting empty when I was looking at the other house down the street back in November, but under a different agent.
Zillow says the house has been on and off the market for over a year, with no price changes, yet my realtor says you cant trust Zillow because they will manipulate information. I know their Zestimates are more like guesstimates, but how can they manipulate how long the house has been listed on their website?
She said the listing realtor told her the owners (whom I believe lives out of state) are extremely motivated to sell. When I asked my realtor what she thought realistically we could offer she said, "If they were to pay closing costs, $137,000, if not $132,000"
She said the house sold for $97,000 around 2007 and was listed sometime after for over $200,000. I cant remember if she said it sold at that price or not, but now its listed at $145,000.
Looking at the tax maps Im not seeing any kind of sale for this house.
It says Sale Date - 00/00/0000 -- Sale Price - $0 -- Reason -- Unqualified Sale -- No Grantor but has a grantee.
Which leads me to believe whom ever owns this house (they live in NC) has owned it since before they started keeping online records.
Im not sure if my realtor just didnt really check far enough into the house (she was doing everything via phone right in front of me) to give a good estimated offer, or if shes looking out for her commission.
All and all, repair wise Im thinking $40,000-$50,000 for things I can see, add in another $10,000 because that just happens
This is fixing the upstairs floor, bathroom remodel, new ACs, new gas heating system, roof, painting exterior windows etc...
Then there is doing things that I would personally like to cosmetically change, ie: New counter tops, new kitchen floor, repaint the whole house (which I can do myself, but that can still add in a few $$) that would bring the $50-60k up even higher..
Im thinking around $95-$100k would be a fair price.
Thats about $47 a sqft
The house down the street sold for $73 per sqft and like I said, didnt need a quarter of the work this one did..
Similar aged houses that are remodeled have sold for $70-84sqft but most of these are your huge 5br 2500+sqft homes.
Ones in this shape have sold from $12-$50/sqft.
Is there anything major that would make yall run for the hills or do yall think this is all manageable issues, if you could buy the house low enough to invest some money into it.
I dont mind a fixer upper, but I dont want a money pit either...
