California Bungalow Rebounds After Pine Tree Disaster, Now Listed at $500K — A Must-See Opportunity..

A California bungalow is aiming to fetch $500K, despite being severely damaged by a falling pine tree. This unusual listing in Monrovia has drawn attention since the incident occurred in May 2024. The one-bedroom, one-bathroom home is now a shell of its former self, resembling a post-apocalyptic scene.

Fortunately, no one was hurt in the accident, including the tenants and their dogs. The property is now on the market for $499,999, attracting interest from potential buyers.

Key takeaways:

• The property is listed for $499,999.
• A pine tree caused extensive damage in May 2024.
• No injuries were reported during the incident.
• Buyers can demolish without lengthy approvals.

California Bungalow Faces Unique Market Opportunity After Tree Damage

This California bungalow, despite its current state, presents a unique opportunity for buyers. The home, which was heavily damaged by a falling pine tree, is listed at $499,999. The damage has led to a lot of interest, with many potential buyers eager to take on a renovation project. The listing agent notes that the destruction is classified as an “act of God,” allowing buyers to demolish the remains without the usual city regulations.

High Demand for Properties in Monrovia Despite Damage

Despite the extensive damage, the Monrovia property market remains competitive. The listing agent reports significant interest, driven by low inventory and high demand. Several buyers have already made low offers, hoping to snag a deal. However, the market value is estimated at around $500,000, making it a challenging negotiation for bargain hunters.

Understanding the Damage: What Buyers Should Know

Potential buyers should be aware of the condition of the property before making an offer. Key points to consider include:

• The home has missing walls and exposed wiring.
• Plumbing is functional, but electricity is shut off.
• The back door remains intact, despite the chaos.
• City regulations for demolition are relaxed due to the incident.

In conclusion, this California bungalow represents a unique investment opportunity for those willing to take on a renovation project. The combination of a low listing price and the ability to bypass typical demolition regulations makes it a noteworthy option in the current real estate market.