Is it possible to sell a SFH in Worcester as a tear-down?

R.c.
Other/Just Looking
Worcester, MA

The lot I'm thinking of has one modest house on it, but the lot itself is large enough to split into two (although it's officially zoned as a single lot). The house itself is really not in great shape, so I'm wondering if it would be better to sell with an eye toward a developer. Location is in very good school district on the West Side near Assumption College. It's the classic "buy the most modest house in the best neighborhood" type of house.

Answers (1)
Angela Dolber
Agent
Whitinsville, MA
FIRST ANSWER

R.C. - you would probably have to check with the zoning of the lot to see if it could indeed be split into two lots if going that route when selling it. That is always something that a builder will think about, especially if he can get a second lot out of it. Generally it can cost up to $20,000 or so to tear down a house, then clear the debris, etc. so if selling it as a tear down and a lot, you should account for that in the price. Plus, it would depend on if the home is structurally unsafe and that's why it should be torn down, or is it something that could be rehabbed by a licensed contractor who has an interest in doing that type of thing? So I think you can market it either way depending on the true condition of the house currently on the lot. Hope this gives you more food for thought. If you have any other questions, feel free to contact me anytime. Angela Dolber, Realtor, Prudential Prime Properties, angela@pruprimehomes.com

Sat Mar 8 2008, 11:39

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 22
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback