Uninhabitable Bay Area Home Listed for $699,000 in ‘Prime’ Location
In an unprecedented move, a dilapidated and uninhabitable home in the affluent Bay Area has been listed for sale for the exorbitant price of $699,000. The decrepit property, located in the coveted Mill Valley neighborhood, has sparked outrage and disbelief among locals. The dilapidated home sits on a sprawling 0.4-acre lot, nestled amidst stunning views of Mount Tamalpais. However, the once-grand structure has fallen into severe disrepair, rendering it uninhabitable. The listing photos reveal crumbling walls, broken windows, sagging ceilings, and overgrown vegetation. Despite its deplorable condition, the listing describes the property as located in a “prime Bay Area location” and boasts “tremendous development potential.” The listing agent claims that the property offers “a rare opportunity to build your dream home or invest in a lucrative real estate opportunity.” The exorbitant price tag has raised eyebrows, especially considering the home’s uninhabitable state. Local residents have expressed shock and dismay, questioning the sky-high valuation of a property that requires extensive renovations or demolition. “It’s absurd to list a home that’s practically falling apart for almost $700,000,” said Marie Johnson, a Mill Valley resident. “This is a blatant attempt to exploit the current housing crisis and take advantage of desperate buyers.” The listing has drawn criticism from real estate experts as well. “It’s highly unethical to list a property that is not habitable without clearly disclosing its condition,” said Susan Smith, a local realtor. “Buyers could be misled into thinking they’re getting a bargain when they’re actually purchasing a costly liability.” Despite the controversy, the listing remains active, sparking heated debates and highlighting the extreme challenges of the Bay Area housing market. As the demand for homes continues to outstrip supply, it remains to be seen whether this uninhabitable property will find a buyer willing to part with $699,000.New College to Address Housing Crisis with Hotel and Portable Units
New College to Address Housing Crisis with Hotel and Portable Units
New College of Florida faces an on-campus housing shortage due to dormitory closures and increased student enrollment from its athletics program. To address the crisis, the Standing Committee on Finance and Administration has authorized a new contract with Home2Suites to use over 100 rooms for student accommodation during the fall 2024 and spring 2025 semesters. The contract is estimated at $3.88 million. Additionally, the committee approved funding for three 132-single-bed portable modular housing units near existing dormitories at a cost of $3 million. The housing shortage stems from the closure of Pei Dorm buildings due to mold problems and record enrollment numbers driven by the launch of an athletics department. New College anticipates using the hotel rooms as a last resort if other housing options are not available for students. Students can still seek off-campus housing, but rental rates in Sarasota County remain significantly higher than the national average. The college’s new board of directors will meet on Thursday to discuss the housing situation further.An uninhabitable, two-bedroom, one-bathroom home is for sale for $699,000 in a “prime” Bay Area location. The house, located in the city of Hayward, has been unoccupied for years and is in need of extensive repairs. The roof is caved in, the windows are broken, and the interior is covered in mold and debris. The property is also located in a high-crime area. Despite its condition, the house is being marketed as a “great investment opportunity.” The listing agent, who did not want to be identified, said that the property is located in a “desirable” area and that it has “great potential.” “This is a great opportunity for someone to buy a home in a prime location at a fraction of the cost,” the agent said. “With a little bit of work, this house could be a beautiful home.” However, some real estate experts are skeptical about the property’s value. They say that the cost of repairs could be astronomical, and that the house may never be habitable again. “I don’t see how anyone could justify paying $699,000 for this property,” said one real estate agent who asked not to be identified. “It’s a complete teardown.” The house has been on the market for several months, and there have been no offers.
