Lisa Tangney, Real Estate Pro in Bloomington, IN

Vacant residential lot at 9911 Newton Avenue. Bid rec'd was $32,516. Lot is 11,000 SF with 80' frontage. Is this consistent with market?

Asked by Lisa Tangney, Bloomington, IN Tue Apr 10, 2012

value? R-1 zoned, utilities available.

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Michael Emery, , Minneapolis, MN
Tue Apr 10, 2012
There's been only two lots sold in Bloomington in the past year. 10832 Irwin sold in May 2011 for $65,000. Previously several builders attempted to sell a custom built home on the site but were unsuccessful at selling it in 2005 -06.
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Elizabeth Fu…, Agent, Wayzata, MN
Tue Apr 10, 2012
I suggest you consider the fact that few lots are available, this lot is somewhat unusual in confiuration for the area; remember, market really means in real estate terms, what will someone pay to own it? The most important factors are still location, availability, use potential, cost to develop. Examine it in that light and see what you determine. Liz
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