[Address Hidden by Seller], St. Petersburg, FL 33704

Home to be torn down. This property was purchased for LAND VALUE. No value was added for home other than the cost to tear down the home. Meaning, the home sitting on the lot had a negative value. To get the true value of the lot, you take the sales price plus the closing costs associated to Buyer, plus the cost of demolishing the existing home, plus the interest / tax cost during the time it take to tear home down. For comparison case, I would "guestimate" the total cost for the lot to be approximately $550,000 to $560,000 mol.