CONSRISKS & DEFICIENCIES

• MLS Listing Discrepancy

  Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3485, other record lot size in square feet = 3540. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1582, other record living area = 988. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.

• Dated Existing Structure

  Built in 1914, the current 1,582-square-foot structure is likely at the end of its functional life, requiring a buyer to factor in significant demolition and new construction costs.

• Premium Land Value Entry Point

  With a list price near $5 million for a relatively small lot, the acquisition cost represents a high barrier to entry where the value is almost entirely tied to the land rather than the current improvements.