A Bothell, Seattle house — so filled with garbage, water damaged, and hazardous that the real estate agent didn't allow anyone inside — just sold in a bidding war for more than its $330,000 list price. Only one photo, of the exterior, was provided in the listing. There were 17 offers; the buyer and final price haven't yet been revealed. From the Seattle Times:
Despite the fierce pace of offers on the Bothell home, the sale pales in comparison to the all-out bidding war that ensued in 2016 after a derelict West Seattle home was listed for $200,000.
That home, with five feet of standing water and toxic air not safe to breathe, ultimately sold in 10 days for $427,000, more than double the asking price, after receiving a jaw-dropping 41 offers. It was razed and redeveloped, then sold for $1.19 million in 2017…
The offers (on the newly-sold Bothel property) were almost entirely from investors and home flippers, according to agents familiar with the sale.
Other homes in the same zip code sell for a median $620,700, up nearly 50% since 2015, according to Zillow.
“A whole lot of potential awaits,” the listing promised.
(via Fark)
