3 ms·

Compare: $527k, 758 sq. ft. -- http://www.zillow.com/homedetails/611-Campbell-Ave-San-Francisco-CA-94134/15173700_zpid/ http://www.zillow.com/homedetails/611-C

by flubert 10y ago

Compare: $527k, 758 sq. ft. -- http://www.zillow.com/homedetails/611-Campbell-Ave-San-Francisco-CA-94134/15173700_zpid/ http://www.zillow.com/homedetails/611-Campbell-Ave-San-Franc... $489k, 996 sq. ft. -- http://www.zillow.com/homedetails/126-Dolphin-Ct-San-Francisco-CA-94124/15153107_zpid/ http://www.zillow.com/homedetails/126-Dolphin-Ct-San-Francis... $588k, 1112 sq. ft. -- http://www.zillow.com/homedetails/1101-Fitzgerald-Ave-San-Francisco-CA-94124/15154394_zpid/ http://www.zillow.com/homedetails/1101-Fitzgerald-Ave-San-Fr... $599k, 1284 sq. ft. -- http://www.zillow.com/homedetails/8831-Nestle-Ave-Northridge-CA-91325/20177980_zpid/ http://www.zillow.com/homedetails/8831-Nestle-Ave-Northridge... And contrast: $510k, 4500 sq. ft. -- http://www.zillow.com/homedetails/15320-Swan-Ct-Gulfport-MS-39503/81696625_zpid/ http://www.zillow.com/homedetails/15320-Swan-Ct-Gulfport-MS-... $500k, 5225 sq. ft. -- http://www.zillow.com/homedetails/4534-S-162nd-Ave-Omaha-NE-68135/75850398_zpid/ http://www.zillow.com/homedetails/4534-S-162nd-Ave-Omaha-NE-... $500k, 8200 sq. ft. -- http://www.zillow.com/homedetails/4417-S-Holmes-Ave-Idaho-Falls-ID-83404/94746271_zpid/ http://www.zillow.com/homedetails/4417-S-Holmes-Ave-Idaho-Fa... $565k, 5000 sq. ft. -- http://www.zillow.com/homedetails/1725-Burns-St-Detroit-MI-48214/2097166690_zpid/ http://www.zillow.com/homedetails/1725-Burns-St-Detroit-MI-4...

acveilleux 10y ago
Exactly, the it's the Land, not the structure. If the land is practically worthless, there's a ton of money left over to build on it. The most telling in the prices you posted is that 758 sq. ft. house for 527k: > Last sold: Jan 1973 for $25,000 That's $135,939.19 inflation adjusted to 2016 dollars. Where'd the remaining $390k of value come from (assuming house is in same relative shape.)

by flubert 10y ago

acveilleux 10y ago

Exactly, the it's the Land, not the structure. If the land is practically worthless, there's a ton of money left over to build on it. The most telling in the prices you posted is that 758 sq. ft. house for 527k: > Last sold: Jan 1973 for $25,000 That's $135,939.19 inflation adjusted to 2016 dollars. Where'd the remaining $390k of value come from (assuming house is in same relative shape.)