Reports from the Field: Putting the ‘Sex’ in Sexton

by Alex Stenback on April 29, 2008

Sexton_courtyard

We compiled the image above from this Sexton Property Listing, based on an anonymous tip:

So after reading the Strib article [on the Sexton] I went to the MLS to look at the history.

Turns out there is an active listing from one of the original owners that was foreclosed…I noticed in the details mention of “adult entertainment room”…indeed, the unit includes a lower level decked out in mirrors, couches and poles – a real business opportunity! Yikes!

Word to the wise: If you are going to install a sex room in your condo, be aware that a simple search of property tax records, or in this case a record of Sherrif’s Foreclosures makes it easy to establish your identity as a known pervert. Not that we looked it up or anything.

And also:  This property is currently listed for $109,900.00 (reduced from $159,900.) Last recorded sales price?  $620,000.00.

That is a horse-choking $510,000.00+ loss for homecomings financial.

Bounty: Any agent who can come up with pictures of the AER (a feature that just begs for its own acronym) we’ll run your next 3 open houses as posts, or get you some other similar publicity, right here on Behind The Mortgage.

{ 4 comments… read them below or add one }

Johnny Northside April 30, 2008 at 11:46 pm

Quick! Spend your stimulus checks! This whole economic crisis can be turned around!!!!

Lucie May 7, 2008 at 6:23 pm

Could it really just be a movie room? And the use of the term “adult” to make differentiate it from a family room? Perhaps I’m just being PollyAnna here.

PK July 7, 2008 at 11:15 pm

I viewed the property and have actually seen the room. Inlaid into the carpet are the words “Smitty’s Boom Boom Room”. With a wall of mirrors, a bar, and two stripper poles, it is an impressive sight. Of course the electricity is shut off and the room has no windows, so I witnessed this all through the light off my cell phone. Still classy, though.

Amy March 21, 2009 at 4:27 pm

This place is going up for auction next weekend and I went to the open house. . http://www.auction.com/property.php?auctionID=H-070&itemID=89020&venueId=538&start=0

Not remembering this post, I was really surprised to get downstairs and see two stripper poles and the carpet emblazoned with “Smitty’s Boom Boom Room”.
http://www.flickr.com/photos/teruterubouzu/3374180766/in/photostream
http://www.flickr.com/photos/teruterubouzu/3373319379/in/photostream/
(Apologies for the horrible photos. The light was terrible and I didn’t really want to hang out in this creepy basement.)

Amusingly, the carpet upstairs was inlaid with the letters HELOC.

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