SURRY
The house formerly owned by NFL star Michael Vick has been listed for sale for $1.1 million.
The listing bills the 15-acre estate in rural southeastern Virginia as "the famous Michael Vick house."
The house failed to sell during an auction in mid-December, disappointing the current owner, a real estate developer who has about $500,000 tied up in the place. At the time, Wilbur Ray Todd Jr. rejected the only serious bid - $747,000, the property's assessed value for real estate tax purposes.
Vick is serving a 23-month sentence for a dogfighting conspiracy. The suspended Atlanta Falcons quarterback and three co-defendants raised pit bulls and trained them for fighting in the area behind the 4,600-square-foot white brick house. Several dogs that did not perform well in test fights were executed.
The 1915 Moonlight Road property has five bedrooms, 4-1/2 bathrooms, two fireplaces, cathedral ceilings, walk-in closets and an attached, two-car garage, according to the listing, which also notes that horses are allowed.
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Mitigating value
The "flipper" didn't even invest in improving the property by pulling the kennels down and trying to make the property into something someone would like to live in. So that's going to cost the new owner even more.
Also, any new owner would have to deal with weirdo's driving by to see the place out of curiousity. Plus, you probably won't be too popular with the neighbors.
Who would want to pay a premium to own that?
Not Worth It
I don't know how anyone would want to buy that house. The property alone is nothing but a very bad memory. I think he should donate it to charity.
Ill buy it.............
but not for more than its worth.I think he paid around 328k. I could care less about those dogs. People die in homes and it does not drop the value. A house is a house, is a house.
OH, Ethan
Our system of economics is called Capitalism, Ethan, and market forces will prevail. The market is made up of individuals of free will, and the market doesn't specifically concern itself with punishing a particular speculator. The only question a potential buyer will ask is what is the property worth to him/her right now? The property will earn what the market may bear at any one given time--irrespective of whether you think the prior speculator foolish or naive. Your motto would appear to be "punish the Risk-Takers." Risk is inherent in our system, and you cannot remove risk from the risk-reward analysis. Likewise, you, as an individual, have little power to teach this developer a "lesson" by eliminating his potential for reward. Perhaps if you would take a risk once in a while, you would become wealthy like this gentleman.
sick of Vick
why is this a top headline?This used to be local is in the local paper like we're proud of the loser.His house should be burned to the ground.I hope it's haunted with barking and howling dog sounds.Who the heck cares about his house?!!This should be a bottom headline.I hope some rich drug dealer vick fan buys it&gets busted by the DEA w/narcotic K-9's!!
SOMETHING SMELLS!
600k xtra for the wonderfull doggie smells that without a doubt permiate the house and surrounding land.Who wouldn't pay more for that?
Kind of ironic....don'tcha think
Seems ironic, this guy purchases this house - as soon as he could, "thinking" that people would flock to it, he'd fix it up, and sell it to some lame person just wanting to say they own "the MV house" -The auction resulted in zero takers - and now it's on the market for over 1 million? How luducrious! I think it would be great if he never gets a taker on the house - ends up being stuck with it. Serves the greedy feller right.
Why would someone want a house with such horrific memories? People passing - pointing - etc. Well....I'm sure there are those out there....any maybe one day he will have a buyer, but until then, I'm smiling.
This house is not famous.
This house is infamous. I imagine the sort of person who would want to live there would also have a nice collection of other goods like Dahmer's refrigerator, Heaven's Gate's Kool Aid pitcher, Ed Gein's ottoman, and Charles Manson's pen set... I hope the house rots empty for the next 20 years.
"Trying To Make A Fast Buck" ...
Part II. Any takers?
Speculator thinks everybody is interested in Vicks
Another nonsense by a speculator.
The city should put real estate taxes on 1.1 million asap.
There is no premium in Vicks old house.
The house is not WORTH $500,000.
The buyer is either insensitive to dogs and human beings or just plain naive.
Bad luck to the buyer.
And does anyone care....
Its just a house! Get some real news.
House flipping is so 2005
Why would anyone pay the guy more than he paid? He didn't buy it to use it, he bought it to flip it. I'd say the property is worth less than what it was recently purchase for, since it is now older, and used more. What's more, is the added cost of hiring that Zelda lady from Poltergeist to come get the evil spirits away from the property. "Yawll hang back now, ya jamming my frequency." So yea, let the housing flipper drown on this one.