A peculiar and extraordinary property has shattered all expectations when it comes to pricing. In a reflection of the current times, a house in Alhambra, California, that gained viral fame for its unconventional location on the side of a bridge has fetched a staggering $430,000, surpassing its ambitious asking price of $249,000. At the time of listing, this distinctive home was one of only ten properties in LA County priced below $250,000. The former owner harbored doubts about the property’s marketability, initially wondering if it could even sell for a modest $100,000 to $150,000. It is worth noting that the buyers not only paid over 30% more than the listing price but also made an all-cash purchase, showing their confidence in the property’s value.
This strange 462-square-foot unit attracted immediate attention due to its affordability and unusual placement as a part of Los Angeles’ infrastructure. In response to the overwhelming curiosity, the real estate agent hosted limited open houses, which drew in 40 to 50 interested groups within an hour. Clearly, the allure of this bridge-side abode was undeniable.
Aside from its eccentric address, the property features a rooftop patio that boasts a similar square footage as the house itself, separated from the street by a metal fence. The previous owner primarily used this peculiar dwelling for storage, leaving it vacant for almost two decades. As a result, significant renovations are required, including approximately $3,000 worth of mold abatement.
Interestingly, the seller initially purchased the property for a mere $72,000 back in 2005, envisioning it as a personal sanctuary for relaxation and meditation. However, their plans never came to fruition.
In summary, this remarkable property’s unexpected market performance defied all odds, attesting to its distinctive appeal and capturing the interest of both local and potential buyers.
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