What are your thoughts, is it a tear-down?
I was shocked to see this listing today, as the area around it is relatively nice and expensive. The zip code is in a higher-end part of town. The lot is really large and unusual, and I'm imagining fixing it up into a dream home ;-)
But, most-likely, an investor/investment company will buy it and turn it into McMansions w/teeny lots and profit mightily, each McM could sell for $450K easily, if not for more than that (given the zip code/location and also the lack of new properties in the area)
This is the kind of thing I imagine I'd love to do -- buy an older home on a really large lot, live there and slowly make it nice. But I'm not sure if the home is even live-able, and that price tag would put us into a position of not being able to afford to do much of anything. Just making our small home on a small lot nice has been kind of a headache, so this would be migrane territory I think!
Here is a link that might be useful: listing