1983 construction. Dated appliances, cracked foundation, exterior siding in disrepair, must be replaced. Fuse box a fire hazard. Pipes need to be replaced, house rewired to bring up to code. 195,000 in immediate repairs needed. In flood plane and floods quite frequently. This is a fixer upper and it will take a lot to fix it up. The interior has not flooded but the foundation is cracked in three places and will take massive repair before any interior work can be done.
The fuse box is rated as a fire hazard along with the wiring. It has to be replaced at a total cost of 45 thousand.
The plumbing is galvanized pipe and has to be replaced. There are three leaks that have caused damage to the ceilings and black mold in the house.
The appliances are 1983 model and have not been updated since. The microwave does not work and the oven is in dire need of replacing. Black mold in kitchen, laundry room and bathrooms.
Bathroom tiles have fallen off and upstairs bath needs a complete rework. Downstairs Master Bath needs new plumbing, shower and tub. Leaks from upstairs bathroom have caused black mold and falling sheet rock.
Exterior siding is crumbling and there is extensive termite damage on the exterior and interior.
None of this was relayed to us when this bought this house in 2008. The streets flood on a regular basis and we are 5 blocks from the Houston Water Shed that overflowed during Hurricane Harvey. The house needs new windows and some will not even close due to the foundation moving. The house is splitting apart in three different directions. We are on an active fault line also.
Rebuild cost on this HOA property is 250 thousand dollars. All the necessary repairs, as I said earlier, run to 195 thousand. Very little value in this property.