I think the land is probably worth about as much as the worst house on the same quality view lot in the area.
This is pretty unrealistic, as the scraper would sit on an improved lot, with full utilities to the curb. 300 feet is a loooooooong way to go at current prevailing rates.
Combine that with the fact that money for land/construction is NONEXISTANT at the moment through normal channels, and today will probably have to be a cash purchase, I would not have high hopes of making any real money on a piece of property like that.
I love old guys …my granddad was one of those guys that didn’t want to sell…ever. He could have sold his prime lots while he and grandma were in retirement and lived like sun-belt royally. My uncle, after grandad past away, sold most off for pennies on the dollar in the 90’s. The absolute worst time to sell land.
Thinking back though, maybe owning prime land made him feel good.
I love old guys …my granddad was one of those guys that didn’t want to sell…ever. He could have sold his prime lots while he and grandma were in retirement and lived like sun-belt royally. My uncle, after grandad past away, sold most off for pennies on the dollar in the 90’s. The absolute worst time to sell land.
Thinking back though, maybe owning prime land made him feel good.
I love old guys …my granddad was one of those guys that didn’t want to sell…ever. He could have sold his prime lots while he and grandma were in retirement and lived like sun-belt royally. My uncle, after grandad past away, sold most off for pennies on the dollar in the 90’s. The absolute worst time to sell land.
Thinking back though, maybe owning prime land made him feel good.
I love old guys …my granddad was one of those guys that didn’t want to sell…ever. He could have sold his prime lots while he and grandma were in retirement and lived like sun-belt royally. My uncle, after grandad past away, sold most off for pennies on the dollar in the 90’s. The absolute worst time to sell land.
Thinking back though, maybe owning prime land made him feel good.
I love old guys …my granddad was one of those guys that didn’t want to sell…ever. He could have sold his prime lots while he and grandma were in retirement and lived like sun-belt royally. My uncle, after grandad past away, sold most off for pennies on the dollar in the 90’s. The absolute worst time to sell land.
Thinking back though, maybe owning prime land made him feel good.
Rus there was a pretty nice lot on Caudor that sold awhile back for 800k but it was much larger then the one you mentioned. Also it did have a home on the lot that was a scapper. I had an investor who bid on it but our offer didn’t get accepted. If you check the MLS the home closed escrow a few months back.
Rus there was a pretty nice lot on Caudor that sold awhile back for 800k but it was much larger then the one you mentioned. Also it did have a home on the lot that was a scapper. I had an investor who bid on it but our offer didn’t get accepted. If you check the MLS the home closed escrow a few months back.
Rus there was a pretty nice lot on Caudor that sold awhile back for 800k but it was much larger then the one you mentioned. Also it did have a home on the lot that was a scapper. I had an investor who bid on it but our offer didn’t get accepted. If you check the MLS the home closed escrow a few months back.
Rus there was a pretty nice lot on Caudor that sold awhile back for 800k but it was much larger then the one you mentioned. Also it did have a home on the lot that was a scapper. I had an investor who bid on it but our offer didn’t get accepted. If you check the MLS the home closed escrow a few months back.
