Three hundred nine thousand dollars will buy you a tear down in my neighborhood. That’s $309,000. It’s a tear down, there is no hope for the structure. The Real Estate agent was rattling off the improvements the current owners did, but the house was never built to last. Some old guy, it’s always an old guy, built it during some very lean years, maybe out of what he could find.
The back yard is spectacular. The current owner certainly made an oasis of the large back yard with Southern exposure. That part is worth keeping. The rest of it has to go. It may have a foundation to work with. There is no basement, just a tall crawl space.
Using the rule of three the house built on the lot would need to be at least a milion dollars. The neighborhood can support that so maybe there is a chance for a sale. I was just shocked by the price.
About David Losh
In 1984 I got my Real Estate license and worked in a small company called Advance Properties. The owner was extremely interested in Real Estate, building, and land development. Most of his work was concentrated North of Seattle. Since the 1970s I had worked for Real Estate agents in Seattle as a contractor, mostly preparing properties for rent, and sale.
After a few years my skill level increased considerably concerning land use, building code, and development practices. Escrow, and lending offices were housed at the Advance Properties building so it was easy to get involved in all aspects of Real Estate. It was very much a family owned, and operated business.
Over the years my Real Estate license has been at a variety of Real Estate companies, and offices. Nothing compares to those early years, or that sense of family. Real Estate has gotten to be corporate owned.
My hope with this blog is to share with you some of the things I've learned. If you have Real Estate needs, or want contractor help, I refer freely to what best suits you. If you should choose to work with me you'll find a great resource.
My Real Estate license is at Skyline Properties in Northgate. Skyline is a locally owned company that is a desk fee office. There is a wide variety of diverse agents. It helps me with some of the other projects that I have, and mentoring that I do, to be able to work with people from other cultures.
Here in Seattle we are close to Vancouver BC and are the gateway to China. Boeing has a great trade relationship with China, as does Microsoft have with all of Asia. We are a culturally diverse community, and it helps me to be invlolved.
