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November 23, 2010

Cash for Cardboard in Outer Richmond


“BANK OWNED! Contractor special! Fixer needs a major renovation! Subject property is basically a shell of a house and has been in this state for at least 3 years per lien! CASH SALE, BANK WILL NOT FINANCE AS IS! NO REPAIRS!”

And so goes the listing detail in the MLS. The economy has certainly caught up with the goings on at 834 44th Avenue at Fulton in the Outer Richmond. What you get is a 3700-square foot, bank-owned shell of a single-family home, listed at $588,900. The property is in the midst of a five-year moratorium on construction due to the complicated lien situation. The moratorium will end in two- to three years, according to the listing agent.

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