Altadena Home Razed sells for $ 100k over its required price-while residents run away from houses destroyed by fire

A house in Altadena, Ca, burned to the ground until last month, Eaton Fire has been sold for more than $ 100,000 on the required price – as if there are questions about the future of Los Angeles suburb in the wake of destructive flames .

The 9,109 square meter free lot on West Calaveras road, which was used as a house for early January, was sold last week for $ 550,000 in a deal with all money.

The latest in a growing number of decomposed assets to go on the market in recent days “after a similar list for a burnt home in the Pacific Palisades, which was sold for u œ œWell over” 1 million dollars, Despite ranking $ 999,000.

The real estate agent Brock Harris, who represented the seller in the Altadena Agreement, says the burnt part of the land, which initially ranked $ 449,000, generated a rage.

Speaking to Realtor.comâ®, Harris, with the firm Brock & Lori, say he listed a free part of a week, and before lasting too long 20 calls a day about property.

Although some of the callers were curious-œlooooch-loos, ”he says, the first serious offer came in a day.

Land lists can usually last on the market – for years, ”he explains. What sets this part of the property is a flat part, which is rare in South Hilly California. Therefore, it is more valuable for house builders and house flippers.

Still, he too was a little increased by the speed of sale so soon after the fire, he says. “I didn’t expect so many serious offers.â €

The regular farm style house, built in 1939, was last sold in August 2023 for $ 965,000 for an investor, which then rented it.

After the house was reduced to the ruins in January, Harris says, the owner decided to sell the land, rather than being mixed in what could be a three to five-year intensive reconstruction.

“€ œ was not sure what the value of the house would be when it was finished when it finished its construction,” Harris explains. â € œai is continuing.â €

Altadena homeowners who weigh their options

According to the real estate agent, many homeowners in a high part.

â € œa at least one -third to half of the owners in the high area are not ready or unable to rebuild a home, Harrs € Harris rating. “Quickly than they could have.â €

Harris says his firm is calling every day from potential sellers who lost their homes in the fire and are now weighing their options.

â € œ € ™ € ™ € ™ € ™ € ™ € ™ € € ™ € € ë ™ € ™ ve talking to people with very young children, â € according to the agent. “We talked to people who are elderly citizens. These are not people who are able to rebuild a home, or able to rent in three to five years that it takes to build a new home so they mostly will happen to leave it to someone else and get the money and continue further .â €

The destructive fire of Eaton, which was lit in January. 7 In the San Gabriel Mountains, he killed at least 17 people and consumed about 9,500 structures in Altadena and Pasadena nearby, destroying all city blocks in some areas.

Altadena’s black community was hit hard by the fire

At a time when the wind-driven wild fire eventually contained more than three weeks later, it had deleted or damaged nearly half of all African-American families in Altadena, a historical black, middle-class communication , according to a last date until a last date until a last date until a last date until a last date.

Freddy Sayegh, a community organizer behind the “Attadena not for sale” movements and “strong movements” told NBC Los Angeles that the goal is to rebuild the community as it was before the fire, not to replace it with another.

“Hat what we don’t want to see is a displacement of a wide number of senior inhabitants,” Sayegh Outlet told. “Hat what do we want people to come to buy, build, and then sell it for a profit.

According to UCLA researchers, the black families in Altadena were disproportionately more likely to undergo eaton fire destruction. And ultimately, at least 2,800 black families were forced to evacuate.

Fear € Fear Fear is simply the fact that we have had a natural disaster we have to display these people and have a completely different communication and change the demographics and composition of this historical community, ”said Sayegh.

Harris, the real estate agent, say that while he agrees with the general feeling of â € œAltadena not for sale of money as possible.

And while the city is a character can change somewhat in the process, Harris notes that half of Altadena is still standing, and that the city continues to be a great place to buy a affordable home or start a business in Los Angeles County.

Harris further argues that some of the right properties around in high times are “established” a second for misunderstandings about who is buying the land, most of which are divided into many.

â € œ € ™ is not a giant corporation that will enter to build 50 to 100 houses that everyone looks alike, “Insiston Harris.” It won’t happen. Building a lot of houses is a mother and flowering.â €

The agent notes that from the land tract ranking on West Calaveras road, he has not received a single call from a large corporation or a defense fund, but only by local builders.

â € Hat what makes it a neighborhood are not houses; It’s not even the style of houses. It is people, says Harris. “And the sooner the houses can be rebuilt and people return to those houses, the sooner Altadena will come back.”