There’s fixer-uppers – and there’s this million dollar California hovel whose listing has set the internet alight.
A ruined shack in the middle of nowhere California has hit the market for a whopping $1million, but don’t worry, it has a bit of charm (and five acres of land).
The East Underwood Road ‘country home’ consists of an old brick costume shop, as well as what appears to be a rundown single-story home and a burnt wooden structure.
‘Here’s your opportunity to renovate a country home or build on almost 5 acres. Built in 1924, this home offers character, but you may choose to build your own or subdivide this lot,’ the listing read.
It comes with exciting views, including the ‘city limit boundary’ line across the street and a big open field full of dead grass and distant views of the mountains.
Schools are ‘conveniently’ located nearby and the surrounding areas are full of development, making the space perfect for those looking to build their own ‘country paradise’ in Holtville.
The shocking listing has lit the internet on fire, as many were quick to take jabs at the shabby property.
Bloomberg reporter Steven Dennis, who also runs Friday Night Zillow on his Twitter account, posted the listing, writing: ‘California real estate prices: This is ONE MILLION DOLLARS.’
One simply wrote: ‘California dreaming.’
A Twitter user named Lucinda wrote: ‘Well, even this SF Bay Area native is having a head scratch about the listing. Holtville, pop. 6600, is just about as far south as you can get without actually being Mexico. And the only cultural event there, according to Wikipedia, is the annual ten day (??) CARROT festival!’
Another asked: ‘So…..there is a tunnel somewhere that goes into Mexico??’
While another was simply flabbergasted: ‘Please explain. I know Cali real estate is crazy, but…’
Another user speculated the listing was directed toward developers more than the average homebuyer, writing: ‘Since it is nearly five acres, I think they are really selling the ability to be a subdivision. A developer would buy this. Don’t know why they are not being up front with that.’
‘What am I missing. There are actual houses nearby for sale for 300k,’ one user wrote.
On the other end of the high-end market, some realtors and sellers are offering luxury cars to incite buyers to closer by April 1.
Homebuyers who are interested in buying a $16.5million Mulholland Drive home in Beverly Hills by April 1 will receive a 2023 Aston Martin Vantage, Aston Martin DBX 707, McLaren GT or a Bentley Bentayga EWB if they can close escrow by the end of the month.
The limited-time offer is designed to bypass the upcoming ‘mansion tax’ – officially known as Measure ULA – which takes effect on April 1 and immediately start taxing luxury home sales.
Any home sold for more than $5million will be subject to a four percent sales tax, while anything over $10million will be taxed 5.5 percent to help fund affordable housing construction for the city’s homeless.
Agents, like Tatiana Derovanessian, and sellers have been attempting to figure out ways to get around the tax, from dividing up properties as much sales under $5million to offering a luxury car to sweeten the deal.
‘We wanted to come up with a marketing strategy that would make sense with the house, which has this amazing 1,300-square-foot underground car gallery. So the buyer can choose one of these cars to put in the gallery,’ Derovanessian told the Los Angeles Times of the Mulholland Drive mansion.
‘You get a house and a car. It’s a one-two punch.’
SOURCE: dailymail.co.uk
