Homes without Kitchens
October 17, 2008 | By Kelley Koehler | Filed Under Odds and Ends
Every once in a while – more frequently this year – you walk into a home and there’s something amiss. In this home’s case, the entire kitchen is missing. Gone. There’s just an empty room with a forlorn gas pipe from where the range used to sit and a short drain coming out of one wall. Usually, these are foreclosed homes, and the owner has taken with them anything and everything that they think will be of value. Down to the cabinets.
Fun part about this house (and I use the term ‘fun’ loosely here) is that while a bank owns this house, that bank won’t originate a loan for it. Because the kitchen is missing. In fact, I haven’t heard of a lender that will lend for a house sans kitchen (unless you’ve got plans and a contract to replace it and a semi-construction kind of loan).
Hopefully, there’s some investor with enough cash to buy a home like this outright – and still has enough to make all the repairs this home needs. And given the price this one is listed at – there’s going to have to be some severe discounts.
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Yes unfortunately in Tucson we have been seeing a lot of Bank owned homes that are completely stripped. I know in some situations the banks go after these people, although I’m not sure that is very often.
Wow, this seems like a loss for all parties. Looks like they left a nice front door, hardwood floor and a newer water heater. I bet that once the market picks up the flippers will buy and turn these over in a heart beat. Is that an adobe wall? Looks like this is about the age where tube and knob wiring were used. Let me know if you get any potential buyers for something like this and need an architect.
Hi Jake – will keep you in mind.
That particular home, you’re looking thru the kitchen into an addition with a poorly laid laminate floor. The brick is just a facade, but the original structure is a similar (albeit real) brick. We spotted some remnants of knob and tube, but I don’t remember offhand if it had been replaced or not. It’s got decent potential, and a good location – but seems priced on the high side for the amount of work that needs to be done. Especially for a cash only deal.