On the market for 183 days. This home was being sold with land value as one of the big pluses. Lot size 85 x 187. This home had sold on Sept. 4, 2008 for $462,500. Listed this time for $579,000 it closed for $525,000 on August 6, 2009.
Linda Hanley Kelly, 708-334-5356
Have lot prices stabilized? In 2003, a similar sized (12,500 sq ft) teardown lot sold for $735,000, after a bidding war between several builders.
ReplyDeleteI think lots depend on their location. In more central spots of Forest Hills a lot would still sell for more money than this one did. And as always, timing has something to do with what lots and houses sell for.
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