Thursday, October 3, 2024

Hick Is a $35,000 Snitch

I've mentioned how we are looking for another flip house. CHEAP! One that doesn't need too much money poured into it to make a safe, liveable house for resale. I found one on Monday. Or so I thought. It must have been on Realtor.com, since that's mostly where I check. The picture looked decent. I clicked on it. The description, though, said

This is a tear down you are purchasing mainly for the property. This is for the corner lot it will be divided off from 406 Lincoln.

Well. That was interesting. I've never seen something like this. The house was also listed as 2 bedroom, 2 bath. The roof looked decent. Nothing was sagging. The porch could use work. Hick drove by, and said some of the windows were new. And that only a little part of the roof looked like it might need patching.

"What's the deal? Do you think it was condemned? Maybe the floor rotted out? Mold?"

"I cain't see much wrong with it. I don't know why they would say it's a tear-down."

"Maybe it's because of zoning? Like how you couldn't have a business in the Beauty Shop, and we can't divide ours and sell the houses separately?"

"That might be it. I'm going to call about it."

I figured Hick was going to call our realtor, and have her check on it with the listing agent. It's something we would be interested in, but not from a tear-down standpoint. 

Well, Hick went to the city building inspector! Who wasn't there, so Hick called him and described the situation. Maybe the Inspector already knew the property. At the very least, Hick gave him the address. It's not too far away from the Double Hovel. The inspector said they couldn't sell that property, even as a vacant lot.

"It's not big enough. Nothing can be done with a lot that size, even if the house is torn down. You can't build another one on it. Then neither that lot, or the one with the other house on it, are big enough."

"Well, they have it listed on the real estate websites for sale at $35,000, as a tear-down house, so you're purchasing the lot."

"I'll go by there tomorrow and talk to them about it."

"If they're allowed to sell like that, then why aren't we? I've had three people stop and ask me to buy the Beauty Shop house, but I have to tell them I can't split it. If they were separate, people would be able to get a regular loan. But they can't get a loan to buy two houses. If you go down the street, there are houses with way smaller yards. And somebody can sell those houses if they want. Just because they've always been like that."

"I understand what you're saying, but your lots aren't big enough if you split your property. About the best you can do is ask to speak to the city council, and see if they'll give you a variance for that. It will cost you. Maybe around $250."

Hick says he'd going to check into this. Surely the Inspector meant it would cost to get a variance, and not to talk to the city council! Anyhoo... we agree that it's worth the money to find out for sure.

Meanwhile, I hope the Inspector doesn't mention to the Lot-Sellers how he found out about this listing. If he does, Hick might need to keep his head on a swivel over in that neighborhood, lest his snitching lead to stitches!

8 comments:

  1. What a kerfuffle! Towns and their zoning laws. Those other properties are probably "grandfathered" in. Just my guess. It will be interesting if Hick can get a variance. Good luck.

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    1. The Beauty Shop used to be an actual beauty shop! My mom went there. So it was zoned commercial before. Yet Hick could not use it for a business. So much for "grandfathering" being fair!

      Today Hick revealed that he can't just meet with the planning and zoning commission (which he previously called the city council). He has to submit a written proposal for a variance. Guess who THAT falls on...

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  2. That is so interesting. Hick's investigation has saved someone from making a terrible decision though - imagine buying and then you find out you can't even use it as advertised?

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    1. That's true. Maybe Hick is actually doing two parties a favor. Saving a buyer from a useless $35,000 purchase, and saving the seller from a lawsuit! Maybe Hick won't have to worry about stitches after all.

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    2. What is worrisome to me is that the realtor let them list like that? :/ Either the realtor is unaware or they don't really care which is still kind of alarming.

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    3. That's what I thought! That the realtor didn't care. When Hick asked our realtor to list the Double Hovel, that's the first thing she mentioned. That they had to be sold together, and that financial institutions won't give a loan for two houses. It's a different kind of loan that investors can get. I don't know all the specifics. I'm guessing a regular person could get a loan for what the main house is worth, maybe. Like the Beauty Shop was just a shed on the property.

      We didn't buy the Double Hovel through a realtor. Just from an individual, with paperwork done through an abstract company. Hick knew the property had to go as one piece, because he first went to the city to find out, before we bought it. I'm not sure another buyer would do the same, thinking a realtor would point out any problems.

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  3. It does seem unfair that houses on smaller lots can be sold while you can't split the double hovel. I'm sure some people would be happy to have a smaller yard to maintain, especially if they are older and unable to be mowing grass etc.

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    1. The yards at the Double Hovel are not really all that small, though they ARE too small by city legal standards. Some people would love to have ANY yard, to sit outside, or let pets or small children run around. More freedom than an apartment with no outdoor space.

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