Crypto

No one wants to buy the Ugly Crypto House

Good evening, savvy real estate investors and interested buyers. Have you ever dreamed of moving to Hollywood, but were put off by a million dollar price tag? Well, I have the case for you.

For sale is this four-bedroom, three-bath family home, located minutes from the North Hollywood Mall, surrounded by an “array of shopping, dining and entertainment.” The property has been “recently updated”, with vaulted ceilings and a “kitchen [that] flows seamlessly into the living and dining areas with a wide and spacious open floor plan”.

Normally a house like this, in a place like this, would sell for well over a million dollars, but this is no normal house. It’s the CRYPTO HOUSE, and for very obvious reasons no one wants to buy it.

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Originally went on sale in October 2022 for $1.2 million, a complete lack of interest in the property saw its price plummet to just $949,000 in just a few weeks. It’s not just buyers who are avoiding the house either; it is also listed on AirBnB, with a vacancy rate of… 100%. Whenever you want the place, it is available, because no one wants to stay there short term either.

here’s how agents describe the house on real estate site Zillow:

Incredible opportunity for first time home buyers, developers and/or investors. A contemporary 4-bedroom, 3-bathroom home with a bonus structure, swimming pool and spacious outdoor area, perfect for entertaining and relaxing. Located on a quiet street in a highly desirable pocket of North Hollywood, the home has been recently updated to complement large windows and skylights throughout. The master bedroom features vaulted ceilings while the kitchen blends seamlessly into the living and dining areas with a wide and spacious open floor plan. The bonus structure / 4th bedroom can be transformed into an ADU for additional income. An ideal family home or income property for savvy investors, this property is ideal for the right buyer. Conveniently located near the North Hollywood Mall, with an array of shopping, dining and entertainment.

What they are not to mention is the fact that the house is full of crypto and NFT stuff splattered on almost every wall, from Bored Ape wallpaper to a Doge face-covered bedroom. There’s even a huge neon sign right next to the kitchen that lights up to display the words “Crypto House.”

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There’s also a room with tweet prints all over the walls, and another fully themed around Bitcoin logos. Oh, and a fireplace that’s…metallic purple?

This video from devlytle does a great job of taking us piece by piece:

A quick look at the property’s sales history shows it sold in 2016 for $520,000, then in September 2021 – presumably to the current owners, who rented it out as a “living space”. content” – for $960,000, which was oddly well above the $885,000 asking price just a month earlier.

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Absolutely not.

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#buy #Ugly #Crypto #House #Crypto

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