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San Clemente home falling off cliff worth $195,000?

June 4th, 2009, 11:00 am · Post a Comment · posted by KELLI HART, THE ORANGE COUNTY REGISTER

This San Clemente home is a fixer-upper, to say the least.sc715avenidacolumbo1

In fact, it appears to be all but falling off the bluff it sits on, and into holes in the lot.

This listing information warns:

**JUST REDUCED!** PANORAMIC OCEAN VIEW HOME! The lot needs geological work. Home needs structural work and cosmetics throughout. Yellow tagged by the city. MUST USE EXTREME CAUTION WHEN SHOWING

Extreme caution? Looks like you’ll have to dig out your spelunking equipment to check out this house…

All jokes aside, it has a pretty great view, and a massive lot - 9,432-square-feet, to be exact.

The bank-owned ‘home’ is located at 715 Avenida Columbo and has 3 bedrooms, 2 baths and 1,480-square-feet.

So my question is, would you buy up this place/lot for the listed $195,000 and make this your dream home?

You could scrap the current structure entirely, and build on that huge lot. Or, you could try to salvage what’s left of the existing home.

Or is it just a lost cause?

You tell me.

What would you do with this property?
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CLICK HERE to read about how long the process can take once the bank has foreclosed (perhaps why this home is so far gone?) on the Irvine Housing Blog.


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