retromodernjeff Posted September 29, 2008 Share Posted September 29, 2008 This MCM got the final laugh on its remuddlers http://www.har.com/7076693Just searched the HAR foreclosure lists.Serves them right for what they did to this house. Looks like the house would rather commit sucide then be sold after the re-muddle. Link to comment Share on other sites More sharing options...
dbigtex56 Posted September 29, 2008 Share Posted September 29, 2008 What a disturbing image. Is there any remuddling cliche they overlooked?I'm reminded of Francine Fishpaw's house, in the John Waters movie Polyester. Link to comment Share on other sites More sharing options...
texasdago Posted September 29, 2008 Share Posted September 29, 2008 I hate seeing this house because it was a great Floyd-designed MCM for which he won a design award. They absolutely butchered it. Link to comment Share on other sites More sharing options...
editor Posted September 29, 2008 Share Posted September 29, 2008 Wow. I'm not even an MCM fan and even I can see this was horribly done. And then after doing all that work they didn't even put in central air. That shows they were looking to make a quick buck and not create a home. Link to comment Share on other sites More sharing options...
Subdude Posted September 29, 2008 Share Posted September 29, 2008 It's those faux-Roman columns inside and out that do it for me. Link to comment Share on other sites More sharing options...
20thStDad Posted September 29, 2008 Share Posted September 29, 2008 I blame the window unit stuck in the middle of the wall, if that's what that is. People buy ugly all the time, but when they spend that much they don't want it to feel cheap. Link to comment Share on other sites More sharing options...
stolitx Posted September 30, 2008 Share Posted September 30, 2008 I'm going to print out these pictures and put them on my fridge as part of my new diet. Because when I look at these I lose my appetite. Link to comment Share on other sites More sharing options...
retromodernjeff Posted September 30, 2008 Author Share Posted September 30, 2008 How many Linear feet of mdf trim do you think they used? Link to comment Share on other sites More sharing options...
gwilson Posted September 30, 2008 Share Posted September 30, 2008 holy godthat is hideous. Link to comment Share on other sites More sharing options...
flipper Posted September 30, 2008 Share Posted September 30, 2008 That kitchen is horrifying.This looks like a homeowner remodel though. I'm too lazy to pull the archive.flipper Link to comment Share on other sites More sharing options...
cosmic08 Posted September 30, 2008 Share Posted September 30, 2008 Those pics made me want to puke into the bowl sinks! Enough with the bowl sinks - sheesh! Link to comment Share on other sites More sharing options...
editor Posted September 30, 2008 Share Posted September 30, 2008 Yeah, bowl sinks are great in hotel rooms, but not for everyday living.I saw a sink in Architectural Digest once that simulated a stainless steel stream running down your counter.Looks great until the kids start piling dishes in it and make a dam! Link to comment Share on other sites More sharing options...
NenaE Posted October 1, 2008 Share Posted October 1, 2008 Roman columns & mods don't go together, when are they gonna get it? That's just sad. Link to comment Share on other sites More sharing options...
retromodernjeff Posted December 1, 2008 Author Share Posted December 1, 2008 The story continues...This one is a REO now owned again by Compass Bank. Opening bid on this is $358,000, but could go lower easily. They hope to get $358,000. The interesting point in that price is that they can't even sell it for the lot price. And funny enough there is a broker on HAR still trying to sell it for $619,000. Nice little trick there. This one should be on Wikipedia under re-muddling. Link to comment Share on other sites More sharing options...
Happy Historian Posted December 1, 2008 Share Posted December 1, 2008 Although I am in a twelve step program as a recovering contractor - I always tried to have a one word reply to troubled clients with money impassioned to do the wrong thing - "no." It seems in today's world of lowest bidder "just shut up and do it" world - there still is a glaring reason to use a real professional designer with a historic background to add rational balance to restoration. These people obviously spent a ton of money with what they considered the best of intentions that resulted in alienating any possible profitable market appeal. Someone is paying a very big cost for I hope an education. I weep for the Realtor saddled with a dead horse to sell as a stud when the only option was to sell as dog food and glue. Link to comment Share on other sites More sharing options...
CyKat Posted December 1, 2008 Share Posted December 1, 2008 The story continues...This one is a REO now owned again by Compass Bank. Opening bid on this is $358,000, but could go lower easily. They hope to get $358,000. The interesting point in that price is that they can't even sell it for the lot price. And funny enough there is a broker on HAR still trying to sell it for $619,000. Nice little trick there. This one should be on Wikipedia under re-muddling.How do you know this info? Do you know someone at Compass Bank? You imply that you have inside information, but it appears you were getting your info from the tax rolls.The buyer's loan amount listed in the tax rolls is $358,000. I'm sure that's what you are basing your comment on. It seems to me that the list price might be based on the tax appraisal, not always the best strategery. Although I don't know the market in that area and Compass Bank was probably relying on the Realtor's "expertise". CyKat Link to comment Share on other sites More sharing options...
IronTiger Posted December 1, 2008 Share Posted December 1, 2008 Nice try selling this one in a recession. Personally, some aspects don't look bad, but combined together in a hideous mess makes a bad remodel. Link to comment Share on other sites More sharing options...
infinite_jim Posted December 1, 2008 Share Posted December 1, 2008 If Eisenman and Graves have a love child, this would be their "hot mess!" Good find. Link to comment Share on other sites More sharing options...
Dan the Man Posted December 2, 2008 Share Posted December 2, 2008 How do you know this info? Do you know someone at Compass Bank?Compass lists the foreclosure properties they own on their website.https://www.compassbank.com/appforms/properties/index.jspPretty cool...I wish all banks did that... Link to comment Share on other sites More sharing options...
retromodernjeff Posted December 2, 2008 Author Share Posted December 2, 2008 Wrong on tax rolls guess. There are various sources for info. There are terrific deals out there. Link to comment Share on other sites More sharing options...
bachanon Posted December 2, 2008 Share Posted December 2, 2008 "high end" trim and appliances never looked so sad. Link to comment Share on other sites More sharing options...
sevfiv Posted December 2, 2008 Share Posted December 2, 2008 Compass lists the foreclosure properties they own on their website.https://www.compassbank.com/appforms/properties/index.jsp Pretty cool...I wish all banks did that... Interesting... Link to comment Share on other sites More sharing options...
Willowisp Posted December 2, 2008 Share Posted December 2, 2008 I'm curious to know what you guys would think is the best course of action if you were able to buy this place...Tear it down and start over? That's my knee jerk reaction, but it's not supposed to be my philosophy, especially as a conservationist.Could one take this down to the studs and start over or is it too far gone? The lot is gorgeous and if you can live on Gessner the price seems right. Let's say $250K for a restoration. That brings you up to $600K... They want $1M for the Lindsay House, debatably a comprable house a couple of neighborhoods away.It would be very interesting to see someone revamp this house, but I'm sure even at this price you'd have to sink more money into it than you'd get out of it any time soon.Jason Link to comment Share on other sites More sharing options...
retromodernjeff Posted December 2, 2008 Author Share Posted December 2, 2008 I thought about that too, was this project possible? Plus the fact you just know they screwed around with the electrical and that would be fun to find and fix properly. I guess it could be done, but that would take skilled craftsman and a whole lot of custom work. Would love to see that though. I have seen some SF Bay area Eichlers brought back. BTW, if anyone wants a foreclosure list, just go down to 1115 Congress, downstairs to the snack bar of all places. Auctions are the first Tuesday of every month. Not to be a downer here again, but did you all see the WSJ story on mortgage defaults to double in 2009 to be something like 7.7% ? The Lindsay house is not worth anything near $1M, the comps in no way support that. As I mentioned previously, this downturn will save a whole lot of homes that would have been torn down. I think the Lindsay house is one of those saved. Good thing too because that thing is built to last, what craftsmanship ! Link to comment Share on other sites More sharing options...
CyKat Posted December 3, 2008 Share Posted December 3, 2008 Interesting... retromodernjeff, Where does it say that the opening bid is 358k? CyKat Link to comment Share on other sites More sharing options...
retromodernjeff Posted December 3, 2008 Author Share Posted December 3, 2008 That is not in the info you see. That is from another source, where all detailed pricing is given. That one would not have been bid on when it was at forclosure auction, 97% are not. Then technically it is "purchased" back by the lender. These REOs are the best deals and lenders will make deals to unload them. Foreclosure Information Status Bank Owned Recording Date 6/9/2008 Entered On 6/13/2008 Opening Bid $358,373 Property Information Property ID 19426817 County Harris County Type Single Family Residence Beds 4 Baths 3 Square Feet 2258 Lot Size 33130 Parcel Number 093-231-000-0001 Lot Number 1,2 Year Built 1965 Estimated Market Value $608,000 Estimated Market Value Range $581,000 - $611,000 Link to comment Share on other sites More sharing options...
Farbetter Posted December 5, 2008 Share Posted December 5, 2008 Personally I find the fireplace to be particularly awful. In addition to being out of place from a style standpoint, it also appears to be physically out of place. The placement looks like something an inspector would throw a fit over.This poor home is now scary in so MANY ways! Link to comment Share on other sites More sharing options...
rbarz Posted January 7, 2009 Share Posted January 7, 2009 The story continues...This one is a REO now owned again by Compass Bank. Opening bid on this is $358,000, but could go lower easily. They hope to get $358,000. The interesting point in that price is that they can't even sell it for the lot price. And funny enough there is a broker on HAR still trying to sell it for $619,000. Nice little trick there. This one should be on Wikipedia under re-muddling.There is no opening bid of $358kThat is probably from some foreclosure listing service that just has their computer fill in the blanks with what sometimes seems like random information. The broker on HAR pulling a 'nice little trick' is hired by Compass Bank who is trying to get their money out of the property--and is not pulling off any trick at all. In Texas, if there is a surplus on a foreclosure sale, the bank must refund the surplus to the owner. The actual loan balance is most likely more than the $619,000 by a large margin. The 'opening bid' of $358k should probably read 'second mortgage' of $358k. The HAR listing is now $550,000, Which means there is still no way to get this house for close to $358k (at least according to the 'experts') Link to comment Share on other sites More sharing options...
retromodernjeff Posted May 4, 2009 Author Share Posted May 4, 2009 There is no opening bid of $358kThat is probably from some foreclosure listing service that just has their computer fill in the blanks with what sometimes seems like random information. The broker on HAR pulling a 'nice little trick' is hired by Compass Bank who is trying to get their money out of the property--and is not pulling off any trick at all. In Texas, if there is a surplus on a foreclosure sale, the bank must refund the surplus to the owner. The actual loan balance is most likely more than the $619,000 by a large margin. The 'opening bid' of $358k should probably read 'second mortgage' of $358k. The HAR listing is now $550,000, Which means there is still no way to get this house for close to $358k (at least according to the 'experts') Well RBARZ and CYKAT, looks like I was almost pretty close on the selling price. It sold for $399,900 Looks like I know what I am talking about. Link to comment Share on other sites More sharing options...
flipper Posted May 4, 2009 Share Posted May 4, 2009 Well RBARZ and CYKAT, looks like I was almost pretty close on the selling price. It sold for $399,900 Looks like I know what I am talking about. the seller contributed $10,000 to the buyer's closing costs, so for comp purposes I'd consider it $389,900 . flipper Link to comment Share on other sites More sharing options...
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