This home is located 2 houses from my son's home. It is probably 90+ years old and sits on 2 lots. It recently sold for $600,000. Buyer will knock it down and build 2 expensive homes. The neighborhood is very desirable and changing to these big, pricey homes. Sad to lose to older ones.
@photographycrazy this is actually S. Tampa. It's a very old neighborhood in the very best high school district. When he chose that neighborhood, we had numerous discussions about future expectations. I AM glad that someone didn't go in to buy a number of lots to put up townhouses, because zoning would allow that. I am happy it will stay single family, but sorry for the loss of some of the old homes. Hoping many will stay. I know Ocala well. I used to live there and my brother lives there. Wonderful place!
Great collage. That happens around here, too. Some people buy houses only to knock them down to build a bigger newer ones on the lot. Some of the houses weren't even in poor condition when they were bought.
Given the profit potential, I guess an occupant-owner wasn't likely to win a bidding war. Not sure there is a valid generalization that *all* old homes *should* be “saved”: some are impractical for current practices or just not salvageable. Where this one falls is uncertain. Perhaps it shoulda/coulda had another life, but was doomed by sitting on a double-lot?
@rhoing I agree that not all old homes are worthy of saving. I can't tell the condition of this one. There are other homes with more character that have been updated through the years. The house across from my son is also on a double lot and they are trying to sell one of the lots. All good for my son, but not for someone trying to buy into the neighborhood.
@danette Exactly! All good for son-of-Danette. As for buying into the neighborhood, the properties will fetch what the market will bear [right now]! :)
@rhoing the downside for my son is that they can't afford to move up in the neighborhood. I have found, though, that things work out. They will either add on to their house or move elsewhere once they start a family. I keep reminding them that five people once lived there (I researched the title).
Fascinating following that story line! Real estate is certainly going up in market value in SoCal; from your perspective it must be fascinating to watch! And yes, where we live, even "nice homes" are being bought for the land, and larger, more expansive homes will be built to replace them!
August 28th, 2019
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