Current:Home > FinanceHalf of Southern California home on sale for 'half a million' after being hit by pine tree -ProfitLogic
Half of Southern California home on sale for 'half a million' after being hit by pine tree
View
Date:2025-04-11 19:34:34
Half of a Southern California home is on the market for half a million dollars and potential buyers are flocking to own the unusual residence.
The 645 square foot one-bedroom, one-bathroom bungalow in suburban Monrovia, northeast of Los Angeles, is listed for $499,999. The home, which was built in 1921, remains intact after a "gigantic" stone pine tree fell on it in May, Realtor Kevin Wheeler told USA TODAY.
"It's half a house for half a million," Wheeler said about the growing interest in the home. "That's what everybody is reacting to."
When the tree struck the home, luckily neither of the two owners was killed, according to Wheeler.
"There weren't a lot of places you could be without getting hit by the tree, and they happened to be just at the right spot to miss it," he said.
'We've had several good offers'
Although the home is only partially standing, the demand to buy it remains high due to the housing inventory in the area being scarce, according to Wheeler.
The home has only been on the market for about a week, he said.
"We've had several good offers," the realtor said. "If it wasn't for the attention that it's getting, it would be under contract right now."
Half of the home being destroyed prompted its owners to sell rather than pay hundreds of thousands of dollars to rehab it, the realtor said.
"They're older and they don't got the gas in the tank," Wheeler said about the owners. "They thought that it'd be better for them just to move on."
Would the home be worth $1 million if it was whole?
While many could conclude that if the home was whole then it would be worth $1 million, but Wheeler said that is not the case.
"There was a home on the same street that sold at the end of June for $900,000," according to the realtor. "That house was new construction."
The belief is that whoever buys the home will leave one wall and the rest of it will be new construction, Wheeler said.
"They'll probably make it a little bigger," he said.
Potential buyers have even come to Wheeler and said they planned on putting 1,000 more square feet on the house, the realtor said. Those interested in buying the home may only have a "couple more days" as Wheeler plans on leaving it on the market a tad bit longer, he added.
veryGood! (829)
Related
- Meta donates $1 million to Trump’s inauguration fund
- DOJ argues Alabama can't charge people assisting with out-of-state abortion travel
- Are Americans tipping enough? New poll shows that many are short-changing servers.
- Dubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Biden says America’s veterans are ‘the steel spine of this nation’ as he pays tribute at Arlington
- Aaron Rodgers tells NBC he targets a mid-December return from torn Achilles tendon
- Pennsylvania man arrested in fire that killed more than two dozen horses at New York racetrack
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- DOJ argues Alabama can't charge people assisting with out-of-state abortion travel
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Heinz says ketchup can be a good energy source for runners. What do experts say?
- Pope forcibly removes a leading US conservative, Texas bishop Strickland
- A flight expert's hot take on holiday travel: 'Just don't do it'
- Intellectuals vs. The Internet
- Biden says America’s veterans are ‘the steel spine of this nation’ as he pays tribute at Arlington
- Fathers away from home fear for family members stuck in Gaza as war rages: I am sick with worry
- ‘The Marvels’ melts down at the box office, marking a new low for the MCU
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Today I am going blind: Many Americans say health insurance doesn't keep them healthy
San Francisco, hoping to resuscitate its 'doom loop' post-pandemic image, hosts APEC (and Biden)
Dozens of migrants are missing after a boat capsized off Yemen, officials say
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
80 people freed from Australian migrant centers since High Court outlawed indefinite detention
A military jet crashes in eastern Myanmar. Ethnic resistance groups claim they shot it down
Thousands flee Gaza’s main hospital but hundreds, including babies, still trapped by fighting