"I couldn't possibly fail to disagree with you less."
17 March 2007Selling outAnother house on my street is being offered for sale. The owners live in Edmond, and have leased the place out for the last three years or so; perhaps they're tired of playing landlord. Description, from when it was first offered for rent:
What you get: Three bedrooms, two bathrooms, central heat and air, washer/dryer connections, 1550 square feet of space by whatever arcane mathematics they use to determine such things, decently huge back yard, the dubious privilege of living next door to me.
What you don't get: A garage (this one has been converted to actual living space), much of a view. The claimed size is now 1569 square feet; I think it's closer to 1500, but I haven't been inside with a tape measure, so don't take my word for it. (The Assessor says 1075, but I don't think he's figuring the garage conversion into the total.) The place was seriously remodeled in 2002, and still looked pretty good the last time I was over there. A quarter of a bathroom has apparently vanished: they now claim 1¾. Asking price is $95,000. The Assessor's notice this year says the place is worth $104,461; Zillow's Zestimate is $104,353. Property taxes run a little over a thousand a year. (I'll have some tax talk later, inasmuch as I just got my own notice.) Posted at 2:37 PM to SurlywoodCharles, Hmmmm. That's a decent price for a house like that in that neighborhood. I expect with the mortgage crisis, we're going to see a lot of good deals. 3/4 bath is something you don't see too often anymore in real estate parlance. 3/4 bath is toilet, sink, but no tub - only has a shower. That's interesting that the owners are picking now to sell rather than rent again. Could they pick a worse time? Who knows? It's a crap shoot. Posted by: MikeSwi... at 8:32 PM on 17 March 2007Among OKC Realtors™ (which includes me): 1. There hasn't been a 3/4 bath since 1999. Tub or shower or both = 1 bath. Lack of tub or shower = 1/2 bath. 2. The Sellers are picking about as close to the "dead cat bounce" time as they possibly could, which is great for them. They're hoping to grab the Buyer who hasn't realized that the market will be sliding down or holding flat the next couple of years due to sub-prime foreclosures out the ass. 3. If you are planning to sell any real estate, do it this spring and take any reasonable offer. Otherwise you'll have to wait until 2010 for the values to return to where they are now. Tell any of this to my Broker, and I will deny I wrote it. Posted by: Dan B at 10:05 PM on 17 March 2007They're hoping to grab the Buyer who hasn't realized that the market will be sliding down or holding flat the next couple of years due to sub-prime foreclosures out the ass. Or, y'know, maybe somebody who actually wants a place to live... ;-) Posted by: McGehee at 10:09 PM on 17 March 2007OK, I'm dense. Just what is one fourth of a bathroom? Posted by: Winston at 6:42 AM on 18 March 2007I have 1 3/4 baths here. The main one has a tub, sink and stool. The second one (in the master bedroom) has a shower, sink and stool. To me 1/2 a bath is a sink and stool only. 1/4 bath is a sink only or a stool only. Hardly ever seen. Posted by: ms7168 at 10:41 AM on 18 March 2007In practice, the "3/4 bath" terminology is a function of geography. Some areas distinguish between it and a full bath, while many do not. I think the overuse of fractions can be problematic: how do you summarize a house with one full bath, two 3/4 baths, and a half-bath? Posted by: McGehee at 12:00 PM on 18 March 2007Sounds like 3.0 baths to me. Posted by: CGHill at 12:06 PM on 18 March 2007In case you were wondering how the rich are different - in Hoboken and other towns near NYC, million dollar homes are selling like the proverbial hotcakes. In NYC, multimillion dollar domiciles are doing the same. Posted by: Mister Snitch! at 9:14 PM on 18 March 2007 |