One “Perk” of a Student City: The Opportunity to Buy a Frat House
I was surprised to see an FSBO (For Sale By Owner) turn up in the Chronicle’s Open Homes listings at the weekend. It was the first time I had spotted an owner rather than an agent taking out an ad in these pages.
But I’m sure there have been others, and I don’t see why more homeowners don’t take this route — it’s a high-profile, highly targeted way to reach home-seekers in that sweet spot that is Sunday morning, coffee in hand, browsing the open-home pages.
(You might think cost is preventing more people from choosing this option, but by my rough calculation the ad I’m referring to would have set the owner back about $200 — small fry if it helps sell your home.)
The home in question is 496 Gravatt Drive, Berkeley, a contemporary, 3/3 hillside with views and the potential for an in-law unit with private entrance. Price: $1,076,000. (Tel. owner on 510-295 4292.)
If I was going it alone, not only would I run this sort of classified ad (in the Chronicle, Craiglist, and other, more local media), I would put a big sign outside my home (with the caveat that interested parties had to call rather than knock on the door), and I would create a simple website for the home which would include comprehensive, honest information and lots of good-quality photographs.
Another FSBO that caught my eye is 2901 Channing Way (above): this enormous house near the campus has been used as a frat house and student accommodation. It’s an elegant Craftsman home designed by Julia Morgan, marred not a little by the ugly concrete wall built in front of its facade. Price: $2,100,000.
Seeing this listing reminded me that I recently discovered that one of the few houses in northern California designed by renowned architects Greene & Greene is the William R. Thorsen house (above) on Piedmont Avenue in Berkeley — which is also being used as a fraternity house.
I wonder what the famous Pasadena brothers would have thought about beer-swilling students squinting out of the stained-glass windows and roaming the paneled rooms of this work of beauty?
[Photo credit of Thorsen House: http://en.wikipedia.org/wiki/Thorsen_House]

