4 ms·

It's just for the property value, they're just tearing the house down. The "house" really had nothing to do with the transaction, as crappy as it is.

• s0rce 8y ago
  It likely had negative value since it costs money to demolish and would be more expensive as an empty lot unless you can save the fireplace or something that you can't build in a new build.
  • cjhopman 8y ago
    I wonder if it's easier to get permits to build there if the current place is in that condition.
    • jackconnor 8y ago
      Interesting question, since California has so so many building restrictions for eartyhquakes and whatnot. New construction on old buildings is very expensive here, so maybe the price was actually boosted upwards because this would be such an easy lot to build on, without the normal teardown costs of a more modern building.