https://www.zillow.com/homedetails/2101-Adel-Dr-Loganville-GA-30052/98022149_zpid/ Found a ton of these mostly on the eastern side of the US where they are well over 10k sq ft and so many seem to sell for about $100 per sq ft. Does the price per sq ft go down significantly when building large or do these guys just sell at a loss just to get out of the property?
Don't have a general answer for you, but looking at that specific property, the old saying is true: for some people, the only taste they have is in their mouth. Imagine what it would cost to remodel that!
I know idiots who built illegal ADUs and got nothing extra from the bank or buyer. She spent $500k in materials, she got $175k back. She's the only person to lose money buying real estate in Coastal CA because of illegal building and superadquency.
Really? The only think I don't like about that is like 75% of the floors. I think the rest isn't bad at all. Of course redoing 12k sq ft of floor at $5 per sq ft and you're looking at $60k
Looks dated IMO And the quality of the materials look like they came straight from Home Depot showroom. Nothing about that house has style or charm. Just a warehouse with ugly furniture. Crazy that the taxes are only 8k/year for 19,000sq/ft on 2.5 acres I have rental properties in the Tri state area that could fit in their kitchen that I pay 6k/year in taxes!!
Yeah, they must have found a good loophole to get those taxes so low. Seems in 2007, they were paying $33k per year.
$8K/year?!! waaa-tf? Look at this one. https://www.zillow.com/homedetails/1010-Amsterdam-Ave-NE-Atlanta-GA-30306/35918987_zpid/ I don't care if they did use Bruce hardwood floors in the damn thing.... I'm going with the 40 mile drive to downtown and saving $17K/year in taxes. ..."Throw in the Roomba and that piano and you've got yourself a deal."
Ah, yes. Of course, an easy one to spot. Some neighborhoods have a great deal of price flexibility, usually tract homes do not. But hey, if you have a dozen children, raise the roof, by all means.