UPDATE: I forgot to add my conclusion, namely, an over-sized Riverside parcel in the R-12 zone now easily fetches $2M+. That’s too high for builders to make money, so these lots are surely being bought by end-users.
Since so many properties in this town are sold for land value only, it’s useful to keep track of recent sale prices of houses that sell and soon thereafter have “DEMOLITION” signs put up in front of them. That removes any doubt about where the buyer thought the value lay.
So here’re two that have signs in front of them right now.
Note: when you get to the linked site, click on the property address for the full description (added bonus, you get to see a picture of me, dressed like a Century-21 agent)
Note Note: Click “no thanks” if you don’t want the Houlihan Lawrence “app” (but it is truly useful, I assure you).