If you can dream it…

1131 EL MONTE Ave
 
http://www.redfin.com/CA/Arcadia/1131-El-Monte-Ave-91007/home/7237588
 

Seems like this sale is for a piece of land and a couple of drawings for a cool million bucks.  The land is actually huge, about half an acre so there’s plenty of room for a McMansion.  The sale history of this property seems pretty crazy.  It sold in 2002 for $515k, 2007 for $1,150k, January 2011 for $771k in a foreclosure sale, August 2011 for $1,218k, and now listing in March 2012 for $1,080k after originally listed in January for $1,450k.  What bothers me is that the original house is a perfectly good home with 3 bed/2 bath at 1,821 sqft though it has a humungous backyard.  I haven’t done a drive by on this place but hopefully one of the many buyers didn’t just demolish the original house, that would be a shame.