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WARRINGTON, Pa. - Mustafa Keser spent $4,000 for land in Bucks County last year in hopes of building a home for his family. Seven months later, he sold the land to Warrington Township for $1,000 and travel expenses after discovering that the parcel measured 40 feet by 401 feet.
There are a lot of city dwellers that would kill for a lot that size. I believe our lot is similiar or maybe narrower and shorter. Would sell for $40,000 per assessment and I believe it. House next to us has an even narrower lot. But the house is a tiny victorian.
Something is fishy here. Maybe too narrow to build on per zoning or utility problems? Would make a nice park or green space. Again something is missing. Maybe it was 4 feet by 401 feet.
Ah ha, a little research finds "the rest of the story". The point was to know what you are buying not anything to do with the size.
"The property near Titus Elementary School is currently home only to a blacktopped bike trail.
The Brooklyn, N.Y., cook bought the property from the Web site LandAuction.com, which warns potential buyers to research the land before bidding since it does not inspect the properties. The site advises buyers to talk to planning departments and local realtors and check out local real estate ads.
Even some township officials, however, were surprised to find that the land does not belong to the township. They say the township has been trimming the grass and otherwise taking care of the property for as long as anyone can remember."
Hey, if Mustafa is business-minded maybe he can just set up a toll booth on "his" section of the bike trail. Might be a great investment after all.
Now THERE would be a smart business/land owner.
Reminds me of the BBQ restuarant owner we saw on the news over spring break. Seems the gas station next door ran a all day special of really cheap gas creating lines down the road. Said he might as well have closed for the day AND DID! No dude, you set up a sandwich cart and some drinks and SELL THEM in your parking lot. Take advantage of the FREE advertisement.
There are a lot of city dwellers that would kill for a lot that size. I believe our lot is similiar or maybe narrower and shorter. Would sell for $40,000 per assessment and I believe it. House next to us has an even narrower lot. But the house is a tiny victorian.
Something is fishy here. Maybe too narrow to build on per zoning or utility problems? Would make a nice park or green space. Again something is missing. Maybe it was 4 feet by 401 feet.
To a lot of people that is nothing for land and worthless unless more can be added joining it. This person obviously didn't research too well the land he bought. Some simple reading of records would show the size of a lot.
It ain't the first time and won't be the last kids...
One poor fellow got what he thought was a steal on a charming and large but faded Victorian he viewed via drive-by before the sale. Once inside, he realized the "steal" part was that everything of value had indeed been stolen and that drive-by meant something different entirely to the local residents.
Probably the best was the poor fellow who bought his dream retirement place via online auction. Halfway across the country it was. The online sellers who had swooped it up via tax sale sight unseen described it from the county tax forms and their new deed.
It was to be a two story dwelling on a fairly large lot in a country setting and probably in need of repair. It was being sold as-is and clearly stated they had never been to the property. It may be better or worse than their actual knowledge. He paid a few thousand for it, also sight unseen. He called our office a few days later to see if we'd go around and take some pictures for him. We didn't have to. What he ended up with was indeed once a two story house, about twenty years ago. What he got was a standing chimney and the remnants of a corner of the house which hadn't burned down along with the rest.
His next question concerned the land. He thought he might be able to tear down the mess and build new. We explained the land was indeed large, all downhill on a severe slope. So severe that the original foundation was placed on almost another foundation entirely making the basement almost the first floor. He still owns it, should be on the tax sale again in a couple years.
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No dude, you set up a sandwich cart and some drinks and SELL THEM in your parking lot. Take advantage of the FREE advertisement.
