“Beautiful corner lot, gorgeous oak trees. House has been added onto and has 8 ft ceilings,” begins the terse listing for this 80-year-old property with a $1.6-million asking price on live-oak-lined South Blvd. It’s part of the newly declared historic district portion of Boulevard Oaks.
A 4,270-sq.-ft. home with lowish ceilings — is that a problem? Nothing you can’t make up for by taking your interior shots from atop a stepstool:
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Ah, but maybe a new owner would want something with a little more headroom?
This would make a great building site. Seller to have salvage rights if house is torn down.
- 1744 South Blvd. [HAR]
A $10 annual maintenance fee? thats a pretty sweet deal!
What does this mean: “Seller to have salvage rights if house is torn down”?
Surely when sold, Seller is out of the picture and Buyer can salvage at will, no? If Seller wants clawfoot tub or bead-board wainscote, for example, those should be named in sales contract…?
Movocelot:
No, if the Buyer agrees to let the Seller have salvage rights, the Seller has salvage rights. Don’t know that I have ever seen that particular clause, though…
$94.6 sf that’s a pretty good lot value price. Good neighborhood and soon to be shaded from the southern sun by the Ashby highrise. Tear it down!
It is not uncommon for a seller to retain salvage rights, especially in cases where a teardown is eminent, and by eminent I mean sold to a builder or individual with intensions of redeveloping the property. Salvage rights are retained for several different reasons… either the seller wants to hang on to some of the materials for nostalgic reasons, or they plan to incorporate the materials into a new structure, or they have the intensions of donating the material to a group that has a program from which they can receive a charitable contribution for the value of the materials. Regardless of the purpose it can be beneficial to the seller.