Halfway house next door - Posted by DaveG
Posted by DaveG on November 16, 1998 at 22:04:26:
Am looking at a potentially very very very sweet deal.
An older victorian style in great shape, needs only
minor details to make it a doctors, lawyers type home.
Getting more involved and totally retoring the old
bring as much as 750k in the area (saw the comps).
Prop is an estate sale (dead attorney owned it clear)
and been on the market almost a year. Price started
at 136k (current appraised value) and has fallen to 99k.
The listing agent is a friend who says I could get it for
around 60 most likely.
The only prob is a halfway house next door. The house is
very nice looking, the whole neighborhood is upscale.
But I wondering if this is the reason the prop has not
sold yet. Anyone’s opinion is welcome.