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I was curious too, so quickly checked on Zillow. In this neighborhood, the land is up for sale at ~$1/sqft[0] which is what the bank estimated. Many homes in th
by e1g 6y ago
I was curious too, so quickly checked on Zillow. In this neighborhood, the land is up for sale at ~$1/sqft[0] which is what the bank estimated. Many homes in the range of $30-50k, but the article says his properties are 100 years old and half are not inhabited, so the cost might be near the lower bound.
[0] https://www.zillow.com/homedetails/2121-Avenue-I-0-Birmingham-AL-35218/2103491102_zpid/ https://www.zillow.com/homedetails/2121-Avenue-I-0-Birmingha...
- MattGaiser 6y agoA landmark "historic" building in downtown Ensley is an abandoned hazard. https://bhamnow.com/2020/04/23/ensleys-ramsay-mccormack-building-to-be-demolished-and-redeveloped/ https://bhamnow.com/2020/04/23/ensleys-ramsay-mccormack-buil... And it turns out that his properties are close to this large abandoned one. https://www.al.com/news/birmingham/2020/04/johnson-with-ramsay-mccormack-20-finally-happening-will-businesses-come-to-west-birmingham.html https://www.al.com/news/birmingham/2020/04/johnson-with-rams... I found another article where at least one building is described as held together by decay. https://www.bloomberg.com/news/articles/2020-05-13/why-it-s-so-hard-to-invest-in-black-neighborhoods https://www.bloomberg.com/news/articles/2020-05-13/why-it-s-...