California bungalow aims for $500,000 – months after being destroyed by falling pine tree

This California bungalow may be a disaster zone, but it’s still going for $499,999.

In Monrovia, a property, or what’s left of it, is up for sale after a giant pine tree fell on it in May – leaving the one-bedroom, one-bathroom house looking like it came straight out of a post- apocalyptic. film.

The towering tree crashed through the roof, tore through the walls, took out the tenants’ car and reduced most of the 645-square-foot home to utter ruin.

The tree fell on the house, while two tenants and their dogs were inside, but no one was injured. KTLA

But don’t worry; no one was hurt – neither the two tenants nor their two dogs who managed to escape unharmed.

The other victims? A fence and lots of drywall.

Listing agent Kevin Wheeler of Sierra Madre Real Estate of Century 21 Village Realty told the Los Angeles Times that some saw it as “unsalvageable,” joking that he actually thought of it as “a concept layout open”.

What remains is a messy jumble of missing walls, exposed wires and ceilingless rooms.

Listing agent Kevin Wheeler humorously describes it as an “open concept floor plan,” noting that the electricity is off but the plumbing still works. AP

It has all the charm of a construction site, but don’t count it out just yet.

The plumbing continues to work, although the electricity is shut off. And somehow, the back door — the same one the tenants fled through when disaster struck — is still standing.

There is a silver lining for potential buyers.

Since the damage was caused by an “act of God,” Wheeler said, buyers can rebuild without the usual demolition review for homes more than 50 years old. AFP via Getty Images

Because the demolition was deemed an “act of God,” Wheeler said, typical city red tape doesn’t apply, meaning anyone can tear down the site and start over without a lengthy review process.

This is a big deal in Monrovia, where properties over 50 years old usually require a tedious appraisal before any demolition can take place.

And despite the mess, there’s no shortage of interest.

Despite its condition, the property has attracted considerable interest, with multiple offers below market value, although similar homes in Monrovia are valued at around $500,000. KTLA
A look inside the house. AP

“There’s been a lot of interest so far because the demand is so high and the inventory, especially at this price, is so low,” Wheeler said.

Several bargain hunters tried to jump in with low bids of $250,000 to $300,000, hoping to get a deal on the blighted house.

But according to Wheeler, they’re out of luck: “Market comparisons for similar properties in Monrovia put the value at $500,000.”

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Image Source : nypost.com

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