Half a house for half a million dollars: Home crushed by tree hits real estate market

In a surprising turn of events, a one-bedroom, one-bathroom bungalow in Monrovia, California, has been listed for sale at $499,999 after being crushed by a tree in May. Fortunately, no injuries were reported during the incident, but the home sustained significant damage, including missing walls, a mangled roof, and exposed wiring. The listing agent, Kevin Wheeler, lightheartedly referred to the property’s condition as an “open-concept floor plan,” highlighting the unique situation. The home, which measures 645 square feet, retains functional plumbing, though the electricity has been turned off. Due to local regulations, properties over 50 years old usually require a review for demolition; however, the agent noted that since the damage was caused by an act of God, this process is not necessary.

Consequently, prospective buyers can purchase the home and renovate it without the usual bureaucratic hurdles. Wheeler emphasized the heightened interest in the listing, attributing it to the low inventory and high demand in the Southern California real estate market. As properties in the region remain scarce, this unusual listing has garnered attention from curious homebuyers and investors alike.