Former Meth Lab Home in San Jose On Market for $1.55 Million; Buyer Responsible for Clean-Up
San Jose home, once a site for meth production and bomb-making, listed at $1.55 million and requires buyer to handle decontamination costs, indicating surging housing market despite cleanup estimations ranging from $200,000-$300,000.
- The listed property, located at 668 Potomac Court in San Jose, previously served as a meth lab and bomb-making site. It 'has not been cleared of contamination' and is surrounded by warning signs indicating it's unsafe to live in.
- The six-bedroom home sitting on a 6,000-square-foot lot is priced at $1.55 million. The cost reflects the highly competitive housing market in San Jose, which is among the most competitive in the country.
- Despite the home's desirable neighborhood location and proximity to a freeway and expressway, the interior condition remains unclear as Santa Clara County has denied access to the property before it's cleared by the health department.
- The buyer will inherit the responsibility of decontaminating the property. Clean-up estimates range from $200,000 to $300,000, primarily due to the need to rip out and replace the flooring, sheet rock, and insulation.
- Former resident Peter Karasev was arrested earlier this year for stockpiling dangerous materials like explosives and meth production equipment. In addition to meth activities, Karasev reportedly used the property for bomb-making and targeted local infrastructure.