Bought at 870K about 1 year ago. Now virtually torn down, only partial walls standing. I thought it was going to be a REO.
Voila today, structural steel frame ( big structural memebers ) now being erected from the ground. Looks like some one is going to create the taj mahal. So at 870 + 130 carrying and partial tear down the buyer is essentially starting with 1.0 M, maybe more for the lot. View is partially blocked by big trees across street, otherwise view is excellent and street an A.
Contrast this with a nice view lot for sale almost to top of Madra. I believe it is now about $ 350K.
