January 29, 2007

The Bottom Three

Let’s get real … it’s fun to read about the week’s most-expensive new listing each Monday, but I bet the percentage of people that actually can afford this week’s $18 million home is slim to none. Instead let me tempt you with this week’s least-expensive new listings: The Bottom Three a la American Idol … which house will be taken off the market this week? I’m no Ryan Seacrest (I lack the spiky hair, cool t-shirts and vertical challenge) mainly because you won’t have to endure endless commercial breaks before getting the scoop … these three clearly are fixers looking for caring and handy buyers.

bottom%20three The Bottom Three

Foreclosure in Antioch? This $189,900, two-bed, one-bath, 925-square-foot condo is “Bank owned! What an opportunity! Fixer upper!” The kicker: seller will pay $2,000 of your closing costs. Honestly, it doesn’t look that bad.

I normally wouldn’t include a property without pictures, but it’s a fixer so how good could it be!? This Richmond house sits on .11 acres and I won’t bore you with the inside details because the description says it all: “Fixer, fixer, bring your contractor … needs total rehab!”

This one isn’t a fixer per se, but one in need of a good scrub. The description says “super clean,” and maybe it is, but the clutter makes me think otherwise. This $239,999, one-bed, one-bath 611-square-foot condo in El Sobrante reminds me of a “before-staging” picture. At least you can get a good idea of the current occupant … if the seller was to write a personal ad it might read: I am an open book – just look how I leave my kitchen cabinets open for you to peek into. I am a funny person – I post comics on my fridge for all to read. I value my health – I drink bottled water and leave it on the stove top to double as a fire extinguisher. I am a clean freak – look at the clean dishes on the counter, proof that my condo is “super clean!” I love to decorate – air conditioners make grand hat racks and colorful Post-It Notes make great artwork.

blog%201 29 The Bottom Three

What’s your vote?


  • Cynthia
    Hi Fred,
    My guess is that the homeowner hasn't updated the house remodel information with the city. The description claims FIVE YEARS (whoa!) or renovations, but $12 million in upgrades does sound pretty extreme.

    Zillow's Zestimates are based on public information, so they're only going off what they are told. To my knowledge, they don't, or honestly can't, evaluate every home and adjust based on the description.

    Cynthia
  • Fred
    Wow, that $18M house is estimated at $6M by zillow. Is this owner dreaming in fantasy land, or is there a serious zillow estimation error?
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