Re: A few Spring photos - 4/9/05
In most cases, you would be right. But that house has to be a minimun of 10,000 square feet. In this case, I am gussing the lot is worth around $3-4 million, and the home probably in excess of 10 million. Comparatively speaking, our little fractional at Blue Mountain has around $80,000 structural and a $1.5-million land value.
Smiling JOe said:Who here thinks the value of Charlie's home is in the land itself?
In most cases, you would be right. But that house has to be a minimun of 10,000 square feet. In this case, I am gussing the lot is worth around $3-4 million, and the home probably in excess of 10 million. Comparatively speaking, our little fractional at Blue Mountain has around $80,000 structural and a $1.5-million land value.