In 1983,
The Washington Redskins defeated the Miami Dolphins 27-17 in Super Bowl XVII;
IBM released the IBM PC XT;
Michael Jackson performed the moonwalk in public for the first time;
Margaret Thatcher won the general election in the UK in a landslide;
Tom Brokaw became the lead anchor for NBC Nightly News;
and
this townhouse, which has seen better days, sold for $10,000 less than it's listed for today:
7526 CAMPBELL CT
MANASSAS VA 20109
List Price: $72,500
Prior Sale: $62,500 8/1/1983
Thursday, May 1, 2008
The Good Old Days
Posted by Harriet at 3:00 PM
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9 comments:
hahaha... love it!
Since we're back to 1983 levels, I'll admit that we are definitely nearing the bottom.
Without being able to see the house (my computer wont load the pictures) I have to hope there is either something seriously wrong with this place or, this is an "auction price". If not...god help us all.
The "seriously wrong" are the ten of thousands of mold spores, floors stripped to moldy underlayment and spray paint graffiti all over. I doubt that the place looked like that in 1983, but still interesting that it is priced that low even in that condition.
Is anyone a good guesser on how much would it take to make the place habitable?
More examples of how some decades are better than others:
4408 EAMES LN
WOODBRIDGE, VA 22193
List Price: $109,900
Prior Sales:
$68,990 9/17/1999
$76,246 12/1/1988
$73,045 6/1/1986
7946 BRIGHTON WAY
MANASSAS, VA 20109
List Price: $105,500
Prior Sales:
$265,000 8/16/2006
$69,000 9/7/1999
$69,000 2/1/1987
$63,000 10/1/1983
crt: i have the same problem at work with the pictures on that website. works fine at home.
crt: it is REALLY bad.
That's definitely an ugly house. I don't think it's worth even the asking.
harriet, I'm not an expert but I've had to do some remodeling work recently.
The lucky 'winner' of this house will have to replace at a minimum four windows and two external doors, two commodes, the majority of large chunks of drywall throughout the house, all carpeting.
The real money will come out from the mold treatments. If the new owner is lucky, it'll be treatable. If not, it'll be recurring treatments until such time as technology improves or the earth swallows this monstrosity up.
So here's a rough guess: at least $75K to make it close to habitable; and that's getting discounts because your buddies with the contractor. If this weren't a townhouse it would be a tear-down.
Wonder what the poor neighbors think.
Perhaps the last straw is that the location for this place is so terrible. At the end of a cul-de-sac in the middle of the residential district of an unpleasant portion of Manassas, which isn't exactly high on most people's desirability meter to begin with.
I think this one's true value falls right in line with that great comment I read once. "It is worth the value of the land--minus the cost of raizing the building."
Note that the bank purchased it for $225,000 at the foreclosure auction on March 5, 2008.
That is a scary part of town.
But close to the water park.
You can certainly tear down and rebuild a townhouse. I saw it happen when one burned to the ground and was subsequently rebuilt.
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