Urgent! Incurable Functional Obsolescence

[Michael S]

Reminds me of a large house I toured in college as a potential rental with my then roommates. From the front door you could go up the stairs or go into two adjoining rooms. Each of these was used as a bedroom and one provided access to the kitchen and the other provided access to another bedroom and finally a bathroom. So there were no bathrooms accessible without going through a bedroom and basically no hallways on the first floor. The second floor had a very narrow short L-shaped hallway (good luck getting a mattress or other piece of furniture through there) and the owner had created two bedrooms upstairs plus a half kitchen (some cabinets and a sink) and then an open area with some cheap French doors that was called another bedroom.

In a college town where most houses were leased months before the fall semester began I saw this one still available months after the semester started.

 

[Tim The Enchanter]

I wonder if it could be cured by removing the half bath fixtures. Or at least the toilet.

 

[CANative]

Do you have a sketch with interior floorplan?

 

[Tim The Enchanter]

Do you have a sketch with interior floorplan?

This is one of the few times you should do interior walls.

 

[Mike Kennedy]

I would be more concerned about this.

The newly created garage door is a fire-rated door and was approved by the city when the addition was completed. There is also a rear exterior door in the master that provides access to the backyard so egress issues are not a problem.[/QUOTE]

Given the above, while the current owner uses the room as a Master - would typical local buyers use it as a family room? How many other BRs in the home? Next, did u review the plans (or sketch) the C.O. was issued on? Any rooms labelled on it?

 

[timd354]

I would be more concerned about this.

Is there a severe shortage of inventory in the subject' market area? When there is a severe shortage of inventory, I have observed that buyers are much more willing to accept various forms of obsolescence (whether it is functional, external, etc) than they are in a balanced market and may even be willing not to discount the price that they will pay due to the obsolescence. Conversely, in a market with oversupply, properties with significant obsolescence typically require very extended marketing times and/or large discounts in order to sell.

 

[glenn walker]

6-Days On market *** No marketability issues ** City Permitted room addition configured this way ** So maybe it's not an issue . California especially because you have no idea what the buyers plans are .