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Trashed House on Market for $1,142,000, Attracts Lots of Offers

This post was written by jd on March 30, 2011
Posted Under: Uncategorized
Photo courtesy of The Orange County Register

Photo courtesy of The Orange County Register

A once luxury home in Huntington Beach, Calif., is moldy, cement was poured down the drains, and a Jacuzzi tub was left running water for months. But after being listed on the market for less than two weeks for $1,142,000, it has already received five offers. What’s more, two of the offers were “well over” the list price, the real estate agent Tom Moon told The Orange County Register.

Moon says the 3,321-square-foot house was the worst example of “malicious vandalism” of foreclosed homes he had ever seen. Chemicals and cement had been poured down the drains and a floor in the home actually caved in from the weight of a pile of wet clothes and trash. Appliances, sinks, toilets, cabinets, countertops, and flooring were taken from the home too.

Photo courtesy of the Orange County Register

Photo courtesy of the Orange County Register

“This home needs drywall completion and installation of all interior decor,” Moon says. Mold remediation and new pipes have been completed since the home went on the market.

The home went to a foreclosure auction last August but failed to attract any bids.

This time around the home, which is on a cul-de-sac along a golf course in a guard gated community, has attracted plenty of buyer interest. However, getting to the closing table may still be a challenge. The winning bid of the five bids received on the home was the highest all-cash offer with a 2-week escrow period. Yet, shortly after completing inspections, the buyers initially walked. But the deal may be back on, according to the latest reports from the Orange County Register

Source Orange County Register

For all your real estate needs, call or Email:

John J. O’Dell
Real Estate Broker
O’Dell Realty
(530) 263-1091
Email John at jodell@nevadacounty.com

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