Tuesday, June 30, 2009

Ghost Town


113 Atterbury Street $237 / sqft. $799,900


Orange County records show that every single house on this street is owned by an investor or the builder. The other houses aren't listed for sale, however.

For some reason, I can't find this address on any map. Buyers aren't biting; 309 days on the market. Maybe they can't find it either.

4 comments:

jimcaserta said...

House looks very nice. More than 100k better than the last 700k home on IHB.

I wouldn't buy in an empty neighborhood for any number of reasons. Price should eventually drop.

jimcaserta said...

http://www.winmoreneighborhood.com/LotDetail.aspx?LotID=5694

better info & more pics.

Dice said...

Thanks for the link. I kinda like the idea of green housing, but it looks like this venture is going to really hurt the investors and the developers.

jimcaserta said...

I like green housing too, but one of the biggest ways to get it is to just build smaller. The 'hood reminded me of Meadowmont. My wife and I checked out Meadowmont after they had a Southern Living idea home, and we were pondering a move to RTP area. I like the mixed-use, but it was expensive.

Any development that isn't built out and sold out is going to hurt over the next 3 years. Jobs are good in that area, which will soften the blow.