Southern California home listed for ‘$499,999’ after tree damage
A Monrovia, California property is on the market for $499,999 just four months after a massive stone pine fell on it.
A portion of a home in Southern California is being offered for sale for half a million, attracting many interested buyers looking to own this distinct property.
The bungalow, measuring 645 square feet and featuring one bedroom and one bathroom, is located in Monrovia, just northeast of Los Angeles and is up for $499,999. According to Realtor Kevin Wheeler, the home, which dates back to 1921, survived the incident in May when a “gigantic” stone pine tree collapsed onto it.
“It’s essentially a half house for half a million,” Wheeler noted, highlighting the significant interest in the property. “That’s the reaction from everyone.”
Fortunately, when the tree fell, both owners were unharmed, Wheeler reported.
“There weren’t many safe spots in the home when the tree hit, but they managed to be in the right place at the right time,” he remarked.
‘We’ve received numerous good offers’
Despite the house’s partial damage, the demand for it is notably high, primarily due to a shortage of housing inventory in the region, Wheeler explained.
The property has been listed for only about a week.
“We’ve had several solid offers,” Wheeler stated. “If it weren’t for all the attention it’s garnered, it would likely be pending a sale by now.”
The significant damage prompted the owners to sell instead of spending a fortune on repairs, as Wheeler noted.
“They’re getting older and don’t have the energy to deal with the repairs,” he explained. “They decided it would be better for them to move on.”
Is the house worth $1 million unscathed?
While many may believe that if the house were intact, it would command a price of $1 million, Wheeler disagrees.
A similar home on the same street fetched $900,000 at the end of June, he noted. “That house was newly constructed.”
Wheeler believes that the new owner will likely keep one wall and construct a completely new house around it.
“They might even decide to expand it,” he mentioned.
Buyers have even approached Wheeler with ideas to add an additional 1,000 square feet to the home. He indicated that interested parties might need to act quickly, as he plans to keep the house on the market for just a bit longer.
