- Nov 15, 2020
- Reaction score
What the heck? 500 Boylston’s original proposal was twin-towered? I just found out about this!
"No low ballers, I know what I have!" .......yeah okay, pal.https://www.zillow.com/homedetails/20-Greenleaf-Dr-Danvers-MA-01923/56911177_zpid/ Best Zillow description ever.
"This house is being sold as is. I just sold four houses and am not showing this house. Too many look-y-loos.
So no showings, no inspections, just cash deal. That's how I buy most of my houses--usually sight unseen (I'm buying one right now in California without ever having been to the town).
You can probably build an add on as this lot is a double lot, compared to all other homes in neighborhood. Value: This house cost $130,000 to build --in 1962, when most of Danvers sold for under $20,000. The land (double lot) value isn't included in the original building cost--so $130,000 plus the double lot on sanctuary in the Prep neighborhood. Fact: I paid $579,000 in 2006 and then invested another $130,000 into it for basic upgrades. Since 2006, home values in Danvers have doubled. So my logic then is my purchase price plus upgrades ran me $700,000. Therefore, 1.4 million for the house on one lot. Second lot value is approx $400,000. So selling price is $1.8 Million. Second lot must go with main house. There are numerous intangibles. House is located on sanctuary (previously owned by this house), the street is a loop--so off tertiary road, and located in the St. John's Prep neighborhood.
This house won't be shown. I bought it sight unseen 15 years ago. You can do the same. So then, a cash deal. No showings, no inspections, etc. The appraisal will come in between $675-$800,000--that's because the appraisers refuse to do their job--appraise. They only compare my house to other homes in the neighborhood. They don't take into account that this house cost $130,000 to build on it's own double lot in 1962 --when all the other homes on the same street cost about $25-$30,000, to include the land.
So I need you to extrapolate the true value of this property. Appraisers haven't been trained to appraise this house--Just a fact. So, if interested, do a drive by but don't knock. Contact me only with your full offers. Thx for reading, but pls understand, I'm not interested in financing, discounting, innumerable showings or appraisals. Just make your decision."
Seems like a steal...
Did you know 801 Boylston was built to be a Planet Hollywood but it never opened? If you look at the decorative metal panels at the top they are old school motion picture cameras with (Hollywood) spotlights crossing over them. Couldn't find a pic of the building but here is the ground breaking