House_for_Sale“1/1/1,” or, Can You Say, “Teardown?”

Yes, it’s hard to see.

But, if you look closely, you’ll see an itty-bitty home — all 560 square feet of it — in the left center of the top photo.

The close-up shot (below) helps, a little . . .

P.S.:  “1/1/1/” stands for “one Bedroom, one Bathroom, one-car garage.”

The asking price, $67,500, is (much) less than what you’d estimate just the 40′ x 127′ lot is worth (northwest of Lake Nokomis).

See also, “T-I-M-B-E-R-R!!”Tear-Down Economics“; “Tear-Down Prototypes“; “Tear-Down Economics, Circa 2012″; and “You Know It’s a Tear-Down When . . .” 

House_for_sale_really

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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