Bridge House with a waterside view
Dwain Carlo Crum, 67, a retired teacher from Rosemead, California, is the “dude” who purchased the unusual home situated below Main Street in Alhambra and overlooking a drainage ditch — for $180,000 over the asking price. This unique house built into the side of a bridge in Los Angeles County dubbed the “troll house” sold for nearly half a million dollars this month amid today’s competitive housing market. “We originally listed it for $249,950,” Douglas Lee, listing agent/broker told Fox News Digital. “So basically $50 short of $250,000. It was on the market for a little over a week, maybe two weeks. And we sold it for $430,000 cash to a really cool guy — a single dude.” Dwain, the buyer, said, “After I saw it on the internet, I went and looked at the place and when I saw the inside, I just fell in love with it and said, ‘I really would like to have it,’” Crum told Fox News Digital. “What got me is that it’s such a unique building. And that because it is so unique, it does provide unique challenges. But it also provides a lot of unique possibilities.”
Crum wasn’t the only person to see the possibilities. A bidding war ensued and multiple buyers flooded the market with offers well over the asking price, he said. “They immediately had quite a few offers over $300,000. I ended up being the winning offer.” Dwain said. Built in 1949, the property was listed as having 462 square feet. It’s located less than 10 miles east of downtown Los Angeles. Technically, the home is below street level and is accessed by going down a staircase to reach the front entrance. “It was one of only 11 properties in LA County listed under a quarter of a million dollars. On the title it shows as a one bedroom, one bath,” said realtor Lee. “When you walk into the unit, though, it’s actually an oversized studio. My client bought it many years ago for about $72,000. He wanted to turn it into a man cave, but he got busy and then it just became storage.” The house was listed as a “fixer upper,” has no dedicated parking and has not been lived in for more than 20 years. But Lee said he thinks the home’s low asking price outshone all the negatives.
Dwain, who said he’s lived in his current house in Pasadena all his life, agreed and focused on the possibilities. “It seems quite structurally sound and has been there since ’49,” Crum said. “I’m leaving all possibilities on the table. I’m just going to go with the flow, ride the wave and try different things.” “The Army Corps of Engineers said the city owns the bridge. And the last time my realtor asked Alhambra, they were saying that I own the bridge underneath the house, but not [above] where the cars go — the part of the bridge that the house is on.” “What we found out after about a week and a half of chasing it down, is that the city of Alhambra owns the bridge. And the funny thing is the city of Alhambra didn’t even know that they own the bridge.” Crum said he’s been contacted by people offering ideas for how to redesign the space.
Real estate rumors
My job is selling houses in places like Narnia, Middle-Earth, Neverland, Oz and Wonderland.
I’m a Not Real Estate Agent.
Why are people afraid of losing one hour of sleep because of daylight savings time? After losing their home, job, and 401k to Bidenomics nothing scares them now!
The last buyer I worked with wasn’t that bright. When I handed him an exclusive buyer agreement that said, “sign here” at the bottom, instead of signing his name, he just wrote:
“Capricorn.”
Why do real estate agents put their picture on business cards, Facebook pages, web sites, billboards, bus stops, postcards, vehicle wraps, yard signs, and printed ads?
So you’ll know what they looked like 10 years ago.
July 21st Birthdays
1987 – Anna Lynne McCord, 1986 – Diane Guerrero, 1977 – Allison Wagner, 1993 – Jessica Barden
1948 – Kat Stevens, 1978 – Josh Harnett, 1980 – CC Sabathia, 1989 – Rory Culkin