dnagrl | Indy Week

Member since Jan 31, 2016



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Re: “Raleigh developer knocks down historic bungalow to build a massive house

For your information, the lot size at 602 Holden us 0.18 acres- not very large, so the builders need to build UP because county storm water restrictions limit the footprint of a house. Not enough profit to speculate a small house- they are rarely smaller than 3000 feet. The last assessment values this lot at 124k- and clearly since there is no landmark designation and pretty much the sky's the limit building rules, the market value is 320k- a boon for the sellers. Clearly land is the gold rush in Raleigh and these structures should be protected before more damage is done- the historic nature of the NEIGHBORHOOD will be one reason why people will purchase the Beaman Mc Mansion- you tear all the old stuff down and all you end up with is a new development near downtown.... Is that what everyone wants? There needs to be some soul searching about what makes places special. Otherwise, the rules as they are, have been followed.

3 likes, 2 dislikes
Posted by dnagrl on 01/31/2016 at 9:57 AM

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