- 14.66 crore for a 120 year old house
- Surprisingly a real estate auction
The 120-year-old house has an area of 2,158 square feet. But the reason the building is getting the coveted price is because the building is in a place with a good selling price. The amount finally received was much higher than the price asked. The worst house in the block was sold at auction. It also gave real estate agents great profits.
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The demolition was completed by the fact that the dilapidated house had not been renovated for decades.
There are many houses around this house worth crores. This is an excellent residential plot.
If you open the front door and enter, there is a long corridor with different types of wooden floors. Wooden flooring is outdated and broken parts have been replaced.
The bathroom is also old-fashioned. It only has a strange bathtub and dirty tiles. The refurbished kitchen in the 1990s has not changed much. Although the old house fetched an enticing auction price, the property sold for much less than the average price of the adjoining house.
A few months ago, a 250-square-foot house was auctioned off in Boston for Rs 2.5 crore. The fact that the 50-year-old house was one of the most valuable real estate properties has raised the auction price of this house as well. The house had a very low roof top and baby basement. The kitchen had a granite countertop and various lighting systems.