Another Real Estate First in SF

06/14/17 - posted by Frank Dunnigan - dunnigan<at>sonic.net

Lakeshore Park is a nice residential area near Stonestown. Read the history of the area here:

http://www.outsidelands.org/lakeshore.php

The 65-year old homes there regularly sell for between $1.3 and $1.4 million dollars. Recently, however, a tiny VACANT LOT in the neighborhood sold for a whopping $1.36 million. Repeat--no house, just a vacant lot--in an area where adjacent homes sell for that same amount.

http://www.estately.com/listings/info/477-eucalyptus-drive--2

A friend of mine theorized that his parents' nearby home is now worth exactly the same as this nearby vacant lot, so why even bother with insurance...???


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