A house in San Jose, California, previously busted as a meth lab seven months ago, is now up for sale for over $1.5 million. The property, located at 668 Potomac Court, is being sold as-is and has been deemed unsafe to occupy, surrounded by chain link fencing and warning signs reading “condemned.”
The 2,743-square-foot home is listed on Keller Williams Reality’s website for $1,550,000. The listing description acknowledges the presence of an inactive meth lab and meth within the property. The homeowner, 35-year-old Peter Karasev, was arrested in March for possessing explosive materials, firearms, and narcotics inside the residence.
According to FBI agents, Karasev stockpiled highly explosive bomb-making chemicals while living in the home with his wife and three young children. The San Jose Police Department Assistant Chief, Paul Joseph, stated that the chemicals, drugs, and firearms were easily accessible, making it an unsafe environment for children and anyone else.
Karasev admitted to detectives that he used meth, had an interest in building model rockets, and expressed concerns about the war in Ukraine. Investigators also discovered that Karasev had built bombs used to target PG&E transformers in the city.
The property’s listing agent, Zaid Hanna, mentioned that even though it is a seller’s market, achieving the asking price of $1.5 million would be surprising. Bringing the home back to a safe and livable state would require significant repairs, estimated to cost around $200,000 to $300,000.
The house features six bedrooms, four bathrooms, and a 6,000-square-foot lot. It is situated in a residential neighborhood with a nearby school. However, Hanna believes that the house is not worth the asking price plus the repair costs.