Burned-Out House
Ready to Rebuild
Lots 2, 3 Karianne Subdivision
$45,000, $55,000
(Past Listings, for illustrative purposes only)
Sadly, this home burned with no fire insurance to replace it. The owner is taking the
tax loss and selling it as-is, an unusual rebuilding opportunity. Think of it as a lot
that doesn't have all the uncertainties about what it will take to get a building permit.
The well is still there. The plans to rebuild the septic system have been approved. The
driveway is there. All the utilities come up to the foundation. The foundation and chimney
can probably be used again. What remains of the structure is questionable, but the rest is
almost free, since a good Hillside lot with no improvements usually costs about this much.
Since the better sites generally were built on long ago, you can see why this site is
superior, just off Rabbit Creek Road near the Bear Valley School.
The lot is about an acre. To further tempt you, this out-of-state owner will also
sacrifice her adjacent 1.25 acre lot for $45,000. Completely unimproved, it represents an
outstanding opportunity for an owner to create a mini-estate, or to develop as a second
residence or for resale. An owner-builder or small contractor may see this as a
opportunity to do two profitable
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