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Burned house at Southampton Dr. and Rolling Rd.?
Posted by: Bruin ()
Date: March 05, 2016 07:50PM

Does anybody know what is going on with the house at the corner of Southampton Dr. and Rolling Rd. in King's Park? It burned almost a year ago. There was a roll-off dumpster there for awhile, looked like someone started working to demo the place, now the dumpster is gone, and there is a For Sale sign in the yard?

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: Ffddss ()
Date: March 05, 2016 08:49PM

The house burned. They started to clean it up after it say empty for awhile. Now it is for sale!

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: isit ()
Date: March 05, 2016 09:26PM

This happened in my hood in Annandale. 50's single family home burned to the ground. Sat there for quite a while and then they tore the remains down. Filled in the hole and planted grass. Sign went up---Lot for Sale. Lot sold and a McMansion went up.

Question: If your house burns, can you take the insurance settlement (minus any outstanding mortgage) and NOT rebuild the house? Just sell the land and forget about it?

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: Burke Brat ()
Date: March 05, 2016 10:21PM

I would suspect only if you owned the house outright.

Date 08/23/1988
Amount $168,000

Tax Year 2016
Current Land $195,000
Current Building $258,240
Current Assessed Total $453,240
Tax Exempt NO

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: Enjoyit ()
Date: March 05, 2016 10:29PM

Expect it to be there for a while. Nobody would want that lot and the owners were not insured.

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: jt ()
Date: March 05, 2016 11:03PM

Enjoyit Wrote:
-------------------------------------------------------
> Expect it to be there for a while. Nobody would
> want that lot and the owners were not insured.


Don't bet on it. I know of an infill lot that backs right up to a Beltway sound wall that somebody bought and built a nice house on. The Beltway vehicular noise is 24/7/365.

I wouldn't have taken that lot for free if I had to live there.

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: YellowSnow ()
Date: March 06, 2016 01:18AM

Someone died in that fire. In the upper left room. Fire Department had to try to get him out. I think he was in his fifties. Last name is Church I believe. I think Paul Church but I'm not sure. I've noticed the same thing as driving by it. Who knows what they'll do, but maybe leave it as an open field

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: Bruin ()
Date: March 06, 2016 01:20PM

I called the # on the sign, seemed like a nice guy, he said they were selling it as land only The owner wants a bunch of $$$ for what it is...

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: No Sale ()
Date: March 06, 2016 01:42PM

$350k is way overpriced for that crappy corner.
The land is assessed at $195k. Who do they expect to pay for demo?
Money pit, no thanks.

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: jit ()
Date: March 06, 2016 03:46PM

Enjoyit Wrote:
-------------------------------------------------------
> Expect it to be there for a while. Nobody would
> want that lot and the owners were not insured.


They must own it outright. Lenders absolutely don't allow a mortgaged property to be uninsured.

Somebody that doesn't want to commute 2 hours each way from Bumfuck will buy it. They ain't making any more relatively "close-in" land.

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: Huh??? ()
Date: March 07, 2016 08:02AM

The market will take care of this...it always does. The owner will ride this high price for about 2 more years and then finally erode the price back to where the market agrees with him and it will sell.

Some transient from East St. Louis will think that lot is a kingdom and drop a McMansion on it that fills every legal square inch of the lot in an architecture that does not match the quaint Cape Cods homes of Kings Park, live there for 23 years and then sell it for $3,000 more than they invested.

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: local contracto r ()
Date: March 07, 2016 09:28AM

An empty house you say???? Hmmmmmmmmm........

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Re: Burned house at Southampton Dr. and Rolling Rd.?
Posted by: Lake.Royal ()
Date: March 07, 2016 10:18AM

local contracto r Wrote:
-------------------------------------------------------
> An empty house you say???? Hmmmmmmmmm........

Well played...level up to you, sir.

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