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November 1, 2008

Cutting Up on Ashbury


I’m all for creating as much opportunity for homeownership as anyone. But when a perfectly fine, single-family home is completely chopped up into three overpriced TIC units, it’s time to stop the madness.

That’s the deal over at 1096 Ashbury, where there are now three one-bedroom units where a probable four-bedroom home once stood. If you’re up for it, you can offer $545,000, $645,000 or $695,000 for one of these units. And then you can wait another 15 years to condo convert.

Update: #1 sold for $541,000 and #2 sold for $519,000 in Sept 2010. #3 appears to have been withdrawn.

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