Current:Home > FinanceHalf of Southern California home on sale for 'half a million' after being hit by pine tree -WealthMindset
Half of Southern California home on sale for 'half a million' after being hit by pine tree
View
Date:2025-04-24 18:49:15
Half of a Southern California home is on the market for half a million dollars and potential buyers are flocking to own the unusual residence.
The 645 square foot one-bedroom, one-bathroom bungalow in suburban Monrovia, northeast of Los Angeles, is listed for $499,999. The home, which was built in 1921, remains intact after a "gigantic" stone pine tree fell on it in May, Realtor Kevin Wheeler told USA TODAY.
"It's half a house for half a million," Wheeler said about the growing interest in the home. "That's what everybody is reacting to."
When the tree struck the home, luckily neither of the two owners was killed, according to Wheeler.
"There weren't a lot of places you could be without getting hit by the tree, and they happened to be just at the right spot to miss it," he said.
'We've had several good offers'
Although the home is only partially standing, the demand to buy it remains high due to the housing inventory in the area being scarce, according to Wheeler.
The home has only been on the market for about a week, he said.
"We've had several good offers," the realtor said. "If it wasn't for the attention that it's getting, it would be under contract right now."
Half of the home being destroyed prompted its owners to sell rather than pay hundreds of thousands of dollars to rehab it, the realtor said.
"They're older and they don't got the gas in the tank," Wheeler said about the owners. "They thought that it'd be better for them just to move on."
Would the home be worth $1 million if it was whole?
While many could conclude that if the home was whole then it would be worth $1 million, but Wheeler said that is not the case.
"There was a home on the same street that sold at the end of June for $900,000," according to the realtor. "That house was new construction."
The belief is that whoever buys the home will leave one wall and the rest of it will be new construction, Wheeler said.
"They'll probably make it a little bigger," he said.
Potential buyers have even come to Wheeler and said they planned on putting 1,000 more square feet on the house, the realtor said. Those interested in buying the home may only have a "couple more days" as Wheeler plans on leaving it on the market a tad bit longer, he added.
veryGood! (513)
Related
- Travis Hunter, the 2
- Carlos Alcaraz beats Alexander Zverev in 5 sets to win first French Open title
- Is 'Hit Man' based on a true story? Fact checking Glen Powell's Netflix Gary Johnson movie
- Minneapolis police officer killed while responding to a shooting call is remembered as a hero
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Gayle King Shares TMI Confession About Oprah's Recent Hospitalization
- Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
- President offers love and pride for his son’s addiction recovery after Hunter Biden’s guilty verdict
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- US opts for experience and versatility on Olympic women’s basketball roster, passes on Caitlin Clark
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Jennifer Aniston launches children’s book series with best ‘friend’ Clydeo the dog
- Why Bachelor's Joey Graziadei & Kelsey Anderson Have Been Living With 2 Roommates Since Show Ended
- A growing Filipino diaspora means plenty of celebration worldwide for Philippine Independence Day
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- NYC bird group drops name of illustrator and slave owner Audubon
- Kite surfer rescued from remote California beach rescued after making ‘HELP’ sign with rocks
- Another Blowout Adds to Mystery of Permian Basin Water Pressure
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
How many points did Caitlin Clark score tonight? No. 1 pick and Fever silenced by Sun
Elon Musk threatens to ban Apple devices at his companies over its new OpenAI deal
Grandparents, parents among 5 arrested in 8-month-old baby's mysterious disappearance
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Usain Bolt suffers ruptured Achilles during charity soccer match in London
Stock market today: Asian stocks are mixed ahead of this week’s Fed meeting
More than 10,000 Southern Baptists gather for meeting that could bar churches with women pastors