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Location: Comunistafornia, and working to get out ASAP!
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Ok, I'm looking for answers from financial people, bank officers, loan officers, mortgage brokers, or financially savvy folks, etc.
Here's my situation. I own 1.25 acres of land in Northern California smack dab in the middle of a metro area. It has two houses on it one is permitted one is not. I rent the one and live in the other. My wife and I are looking to get out of California. What would be the best thing to do with it? What would you do with it?
Would the county require you to demolish the house that is not permitted? Can you take the land and get it rezoned for -- oh, 4 houses? and then sell the land to a developer?
Location: Comunistafornia, and working to get out ASAP!
1,962 posts, read 5,197,080 times
Reputation: 951
Quote:
Originally Posted by jhlcomp
Would the county require you to demolish the house that is not permitted? Can you take the land and get it rezoned for -- oh, 4 houses? and then sell the land to a developer?
Location: Comunistafornia, and working to get out ASAP!
1,962 posts, read 5,197,080 times
Reputation: 951
Quote:
Originally Posted by TimtheGuy
what is the value of the bare land? what is the value of house #1 less the land value? what is the value of house #2 less the land value?
$680,000 all together
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