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Old 02-25-2020, 02:05 PM
 
15,796 posts, read 20,493,343 times
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Quote:
Originally Posted by Japanfan1986 View Post
No way in heck a nice home in Melrose is going for $350K. Unless it’s some crime ridden/sex offender filled neighborhood that I’ve never heard of.

Nice houses in Melrose tend to go for $500K minimum. Much more in nicer neighborhoods.
I understand that. My price points were to make a point and not be taken literally.
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Old 02-26-2020, 07:02 AM
 
837 posts, read 1,225,439 times
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It's a unique house which needs a lot of love. From the photos I'd say it's got good bones but it's been neglected.

I'm betting whoever buys it and refurbishes it will market it as a condo alternative. Given its location I'm not sure tearing it down and rebuilding would be wise unless the buyer has a ton of cash at his/her disposal.
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Old 02-26-2020, 07:32 AM
 
9,877 posts, read 7,207,036 times
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It's 1/4 acre lot and other houses in the neighborhood are valued at $650K. Could a builder make money at $700K+?
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