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Reply to "Arlington: Has this $3m wreck been discussed?"
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[quote=Anonymous]This discussion is as nonsensical as the asking price. This is a 4 bedroom, 5400 sf house with an unfinished basement on a 10,500 sf lot. A new build of 6000-7000 sf with 6-8 br could fetch the asking price. This is smaller, with less bedrooms, and terribly dated. You’d need at least 500k to renovate this entire house to get it up to date. And then there would be some adjustment for the smaller size and number of bedrooms. I think it could be appraised around 2-2.4 million. The lot itself only has value of 1-1.2 mil. [/quote]
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