August 27, 2010

Clicking Their Heels And Chanting, "There’s No Time Like 2008…"

200 Clayton (Image Source: MapJack.com)

The 3,000+ square foot Victorian at 200 Clayton hit the market in 2008 asking $1,795,000 with a tenant in the in-law paying $1,550 per month. And according to a plugged-in tipster, a bid was received for $1,650,000 but was dismissed for being too low at the time.

Withdrawn from the market without a sale in 2008, the property returned to the market this past April without the tenant and asking $1,750,000. In June its list price was reduced to $1,599,000, and then to $1,549,000 in July.

Yesterday, the asking price for 200 Clayton was reduced to $1,499,000. We can hear the heels clicking from here ("...there's no time like 2008, there's no time like 2008...").

∙ Listing: 200 Clayton (5/3.25) - $1,499,000 [MLS]

First Published: August 27, 2010 11:00 AM

Comments from "Plugged In" Readers

Are you sure the tenant is gone? The MLS pictures would suggest otherwise.

[Editor’s Note: No tenant, that's the owner’s gear in the in-law.]

Posted by: Denis at August 27, 2010 11:16 AM

Tax record says this is a 3/1 with 3,030 sqft. Listing says 5/3.25 with 4,330 sqft. And I don't see permits. Hmmm.

I originally hadn't read the subject of this post and thought the heel-clicking referred to G.

Posted by: sfrenegade at August 27, 2010 11:50 AM

Man, the turned-down bidder must feel terrible. Unless they "won" on another bid.

Posted by: kaya at August 27, 2010 12:08 PM

The owner lives in the bottom unit.

The exterior of this place is beautiful. Absolutely stunning. The pictures don't do it justice.

The pictures of the interior don't do this home justice either, just not in a good way. They are like an on-line personals ad. A little old, carefully, carefully, carefully chosen angles and exposures. Way worse than a real-estate ads' usual low standards.

You might not have to take it down to the studs, but you'd need to get close.

Posted by: Gallileo at August 27, 2010 3:37 PM

The reason why this home is still available besides originally overpricing their home is because the floor plan is very difficult.

The basement leaves a lot to be desired and the upstairs is like an attic. It's a shame they didn't accept $1.65m because I would estimate a $200-300k+ remodel is in order.

My clients were excited to buy this home until we walked in the door.

Posted by: David Anderton at August 27, 2010 6:29 PM

What's up with the Rondald McDonald color scheme?

Posted by: stucco-sux at August 27, 2010 6:55 PM

Beautiful exterior, but the interior needs to be completely redone because of a disastrous subdivision of the original SFH into three units, presumably some time back in the 1950s when this neighborhood was a very different beast. With that said, it's a great location, and someone willing to drop $300-400K into the place will end up with a $2m home, easy.

Posted by: Nils at August 28, 2010 5:30 AM

@David Anderton

Your clients and everyone else's too. The place is a disaster.

Posted by: Gallileo at August 29, 2010 3:02 PM

Fugly interior. Tons of work to be done. I'd have a hard time parting with $1.2 for this pile.....

Posted by: G Mo at August 30, 2010 2:03 PM

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