Paranormal News provided by Medium Bonnie Vent > Houston's haunted mansion sells for almost double its asking price: Talk about a spooky deal


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22 May 2014

http://houston.culturemap.com/news/real-estate/05-21-14-houstons-haunted-mansion-sells-for-double-its-asking-price-talk-about-a-spooky-deal/

Houston's Haunted Mansion

Houston's haunted mansion sells for almost double its asking price: Talk about a spooky deal


The spooky looking five-bedroom home at 2309 Wichita has been purchased for $251,000. Houston Association of Realtors
Nick Ugarov, the home's new owner, says he wants to finish the renovation project the original owner started more than 30 years ago. Houston Association of Realtors
Many portions of the house are in near complete disarray. Houston Association of Realtors
The Riverside Terrace mansion is clearly in need of a serious makeover. Houston Association of Realtors
The layout of the unfinished 4,861 square foot home is rather strange. Houston Association of Realtors
 

It turns out that even a scary looking, unfinished home can sell in the Houston real estate market.

A five-bedroom, 4,861 square foot mansion at 2309 Wichita Street has sold for almost double the asking price. With an initial listing price of $150,000, the so-called "haunted mansion" sold for $251,000 after approximately 25 bids.

Nick Ugarov, a real estate investor, is the proud new owner of the spooky looking mansion that sits just east of Texas 288 near Dowling Street. Ugarov was the 17th person to bid on the property.

Charles Fondow, the home's former owner, spent 31 years renovating and expanding the property. 

Charles Fondow, the home's former owner, spent 31 years renovating and expanding the property, although the project was not completed before his death in 2011. Deutsche Bank purchased the property soon after, although it was not put on the market until earlier this year.

Although unsure about his exact plans for the Riverside Terrace mansion, Ugarov knows he does not want to demolish the structure.

"I am finishing the project in [Fondow's] memory," Ugarov tells the Houston Press.

Let's just hope that doesn't mean another 31 years of unfinished haunting business.



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