10299 Adam Ave. Another home that is being sold for the value of the lot. Listed for $175,000. Is the land really worth that much?

This is the second home on this same street to come on the market this year right around $175,000 where the home itself is in such poor condition that it cannot be salvaged, must be removed, and the lot repurposed for new construction. Typically, even when the lot is quite large, as this one is, it ought to sell for around $100,000, but the one down the street sold for $173,000, so who knows what will happen here. I drove by the other one to see if the new owner had started construction and while some of the trash was cleaned up, there was no evidence that the old home was either being scraped or rehabilitated. We will just have to see what happens to this one.

Author: gordon

Nevada County Resident since 1988. Painting and Decorating Contractor 1985-2003 Nevada County Realtor Since 2004 Member of the Nevada County Masters Club (top producing agent) Every Year Since 2004

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