Extreme Makeover Home Listed, Then Taken Off Market
Less than a year after it was built, a home newly constructed by the “Extreme Makeover: Home Edition” team was listed for sale.
The Pennsauken, New Jersey property was built in less than a week by thousands of volunteers last summer as a favor for a man and his five sons who were apparently living in poverty.
The 3,000 square foot, 0.12-acre lot, four-bedroom home was listed last week by ZipRealty for $499,900 and has since been taken off the market.
The owner of the home failed to comment on the record, but was reportedly angry with the a local publication for running the feature story.
Unfortunately, the next most expensive listing in the area is being offered at a mere $324,900, which leaves the prospect of a sale rather grim.
Local real estate agents have warned that it will be difficult to sell the property for this reason, likely because few (if any) banks and lenders would be willing to settle on a value that exceeds all neighboring homes, especially during a nationwide housing crisis.
It’s unclear why the family put the home up for sale, but it’s hard not to speculate that the housing crisis has something to do with it.
The story, reported by local paper, “CourierPostOnline.com” details the listing and the drama that has now ensued.
(photo: kf)