(KRON) — A four-bedroom, two-bathroom, 1,890-square-foot residence in a fascinating Berkeley neighborhood for beneath $400,000? It would sound too good to be true, however that is the going worth for a townhome on Rose Avenue in North Berkeley inbuilt 1904 that is just some blocks from celebrated farm-to-table restaurant Chez Panisse.
Whereas the situation sounds nice, in accordance with the Redfin itemizing, the situation is the home’s “only positive.”
SF legacy donut store opens new location with grand opening
The property is being offered “AS-IS,” in accordance with its Redfin itemizing. “DO NOT BOTHER OCCUPANTS, DO NOT WALK THE PROPERTY,” the itemizing states in all caps. The constructing, the itemizing goes on to say, has had no upkeep accomplished since 1974.
“The roof of the garage has collapsed, the second story sun room has collapsed off the building, the framing is leaning off the foundation, there is a single gas meter and single electric meter,” the itemizing continues. Along with the dilapidated situation of the construction, there’s additionally an energetic water leak from the mainline within the yard, the itemizing says.
Consequently, the basement and yard have been stuffed with water, presumably for many years. Month-to-month utilities/fuel/electrical/water for the house runs $2,000 a month.
Surprisingly, whereas the house might sound uninhabitable, there are at the least two individuals at the moment dwelling there. Within the higher unit, there’s an 83-year-old who has “life estate and pays no rent for the duration of his lifetime,” in accordance with the itemizing.
The downstairs tenant pays $1,200 per thirty days, the itemizing says.
The itemizing additionally quotes a house inspector with 35 years expertise who calls the house “the worst property I’ve ever seen.”
“There is nothing to salvage,” the inspector goes on to say. “It is a hazard and there shouldn’t be anyone living there. It needs to be torn down.”
The house was appraised at such a below-market worth as a consequence of its “extreme condition,” Redfin mentioned. Additionally, patrons ought to observe that the present tenants will stay with “no units to be delivered vacant.”
On the plus aspect, the property does include two storage areas and sits on a 4,690-square-foot lot. As of this report, the itemizing had been seen 15,410 occasions in simply 21 hours.
