I just bought a house for 17k that sold in 2000 for 75k - and it's gorgeous!

[drexel dave]

Plus, my living expense on housing will be cut by over half.

Here she is:

Edited link as it contained personal information - Lithos, DU Modeartor

Someone else's ARM is now my steal.

Even better: It backs up to the cemetery where Orville and Wilbur Wright, Paul Lawrence Dunbar, and a bunch more famous people are buried. So now I can almost say that Orville and Wilbur Wright are buried in my backyard.

[villager]

1. Good God! An $83.00 monthly payment!?

Of course, being in California, I can't even remotely conceive of the "originally sold for $75K" part, either...

[Booster]

33. My electric bill - in a good month.

[NewEngland4Obama]

34. I like this house for 30 dollars a month

http://www.coldwellbankerdayton.com/homesearch/1/405842

[Name removed]

2. Deleted message

Message removed by moderator. Click here to review the message board rules.

[drexel dave]

4. not nice...

what was that for?

[Sannum]

3. it is beautiful.

Tons of potential. I love old houses.

[ComtesseDeSpair]

5. WHAT?????

Even 75K is ridiculously cheap! I live in a neighborhood where a condo (apartment) goes for 200K. I gotta move NOW!!!!

[bluestateguy]

6. I'm assuming you checked it out and it does not need a lot of work

nt

[drexel dave]

12. all cosmetic

it needs painted inside and out and thoroughly cleaned. But other than that, she's gorgeous. New roof, new gutters, new replacement windows on the whole thing, new block glass basement windows, beautiful woodwork throughout, giant stone front porch, new insulation in attic.

Someone put a boat load of improvement into it and lost it due to signing a bad loan agreement.

I've got my out clause in the purchase contract should my inspector see any problems. But I've fixed up A LOT worse old homes than this that were much more expensive.

[Catshrink]

7. Wow! Lucky you!

Congraulations!!

[DFW]

8. That's amazing

Most new cars cost more than that. Was there a catch? Like no running water or electricity?
Built over a toxic waste dump? Haunted by the Ghosts of Republicans past?

Sure sounds like a deal to me!

[drexel dave]

14. Maybe haunted by Republican ghosts of the past

It does back up to a very historic cemetery - Woodland Cemetery. Orville and Wilbur Wright are buried there.

[DFW]

26. In all these years........

I will confess to never having researched the Wright Brothers' political affiliation.

The ghosts I had in mind were the kind that wake you up in the middle of the night
and moan with credible imitations of Bill O'Reilly.

[MADem]

9. It's really nice. Incredible potential! The front steps are very impressive.

Hey, and the neighbors to the back won't be noisy, now, will they?

The back yard has possibilities, too.

The thing looks to have good bones to it--I hope you'll be happy there.

[Idealism]

10. Congratulations! Keep it well.

[JackintheGreen]

11. Congrats!

Slightly bitter congrats...

Wish I'd waited. Of course, we live in suburban Philadelphia, one of the few markets that hasn't tanked. But good on you!

[drexel dave]

17. Dayton's economy is in the pooper

but if you want a cheap place to live, there's no better place. Then again, Dayton's automotive-based economy has been declining for 30+ years. We've got nowhere else to go but up.

You can get a house here for nothing. Plus, it's a nice area of the country. I would love to see people move back to the Midwest again.

Peace,

Dave

[JI7]

13. are there any like that in southern California ? how much will it be to fix it up ?

i'm sure even after fix up costs it will still be a far better deal than what it originally cost.

[sabbat hunter]

15. How much work

Does the place need?

[drexel dave]

20. not much actually

it needs painted inside and out and thoroughly cleaned. But other than that, she's gorgeous. New roof, new gutters, new replacement windows on the whole thing, new block glass basement windows, beautiful woodwork throughout, giant stone front porch, new insulation in attic.

Someone put a boat load of improvement into it and lost it due to signing a bad loan agreement.

I've got my out clause in the purchase contract should my inspector see any problems. But I've fixed up A LOT worse old homes than this that were much more expensive.

Having fixed some old homes up from crap, I give these homes a thorough eyeballing. This was in simply amazing shape for the price.

[Drunken Irishman]

16. I am so glad you bucked the trend and picked a home in an urban neighborhood.

So many families are bolting for the burbs and the inner-cities continue to lose population. It makes me sad. :(

[drexel dave]

22. why people go suburban, I'll never know. I love living in the city

And Dayton is one VERY interesting city. It has all of the beauty and splendor of a great 20th century American city, with a lot of the urban issues as well.

The neighborhood is about a half mile from the University of Dayton campus. A good neighborhood for sure.

[wtmusic]

18. Congrats dd...great deal and great investment. nt

[Tangerine LaBamba]

19. Oh, MAZELTOV!!!

That's a great house, with a really homey look to it. What a steal, and, yes, someone's bad luck is your great good fortune.

I know houses like that well, having lived in Yellow Springs while attending Antioch. I liked SW Ohio, in spite of itself.

I love that lot, and with the cemetery right there, you won't have to go far to drink beer and make out with your date. :)

I wish you every good thing with your new home.

:toast:

[drexel dave]

23. HA!

You know of the time-honored tradition of taking your date up to the top of Woodland to sip cheap wine and make out while looking over the City of Dayton like a strange overlord.

[Systematic Chaos]

21. Wow... that really looks like a sweet old house.

Congratulations to you on that purchase!

Every time I read a story like this here, it reminds me of a house I saw someone like here on DU back in 2002 or 2003 before the market went completely nuts. It was in either Kansas or Nebraska, if memory serves, in a fairly rural location. It was a fairly new, two-story house, something like 4 bed, 2 1/2 bath. The best things of all about this home, however, revolved around the land it was on! It was like 10 or 20 acres and there was an orchard full of fruit and nut trees and even a fully stocked private lake with fish and everything!

That house looked like my idea of a dream home, and at the time it listed (again, if memory serves... it's not perfect anymore!) for around $140k. What I wouldn't have given for that place, or for that matter one like you just bought. Being poor sucks. :P

[drexel dave]

24. move to dayton

It's cheap as hell to live here.

Tough to get a job, but they are out there.

[DeschutesRiver]

25. Congrats

.

[xloadiex]

27. Houses for less than 20,000!

I clicked on the Caldwell Banker link and saw that Dayton has many houses listed for less than 20,000. You can't even get a car as cheap as some of these houses.

[drexel dave]

30. That's only the tip of the iceburg

There are 10,000 empty residential properties in Dayton. Some you can get from the city by only paying the back property taxes - usually only one or two thousand dollars.

[MercutioATC]

28. Congrats!! I've always believed "Don't buy it unless you can steal it".

You stole it :)

As you're aware, Dayton is a pretty depressed area, but you have like NO mortgage payment on a 3br/1.5ba house!!!

You did good!

[drexel dave]

31. I'm within spitting distance of the University of Dayton

and the biggest hospital in the area: Miami Valley.

I don't think I would have any problem renting the place to UD students for $700-800.

But for now, it's gonna' be home sweet home.

[MercutioATC]

32. Nice!!

There are so many people really getting hurt by this economy that it's great to see when it actually works in somebody's favor.

[DesertFlower]

29. congratulations. nt

[jwirr]

35. Looks like one of those big two story houses with all the beautiful

wood work and beveled glass doors they used to build many years ago. I wish our costs were that low here in NE MN. Congrats.

[Kindigger]

36. This is sad

http://www.coldwellbankerdayton.com/homesearch/resprofile.asp?niay=MLS428384#

[Sen. Walter Sobchak]

38. looks like there are weeds growing on the landing

[aquart]

39. Yes. Beautiful detail but what wreckage.

[drexel dave]

40. That is sad

the homes in that area are SPECTACULAR.

What Americans left behind when they left the Midwest is dumbfounding.

[Sen. Walter Sobchak]

37. I'm looking at a fucked flipper house

It would be a full time job for a couple of months to sort out all the liens against it - but it has 1950's California all over it, looks like a set from L.A. Confidential, I love it from the photos, I am flying home on Monday to look at it.

Close to my parents, close to the ocean and a steal. Not keen on the Prop 13 reset but whatever.