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What is this lot good for and why is the assessment so high?

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http://www.ajbillig.com/auctions/upcoming-auctions/lots-and-land...

Found this real estate auction for a 3,166 square feet lot with commercial zoning but too small to build anything on (I assume). Suggested opening bid of $2,500 but it's assessed at $175,000. The only reason I can think of anyone buying it is to combine it with, or offer it to the adjacent property owners. That could be 10, 20, 50 years down the road. Any current use for this lot I may have missed?

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90 sq ft storage units go for 160k around here.

https://finance.yahoo.com/news/san-francisco-160000-gets-storage-locker-... (more)

storestore (Jun. 18, 2017 @ 5:11p) |

If you look at their closed auctions, most of the properties have sold for much more than the suggested opening bid and ... (more)

iseetrails (Jun. 18, 2017 @ 5:40p) |

I'll go up to $3,000 and rent it for camping. That should be OK with zoning?

atikovi (Jun. 18, 2017 @ 5:53p) |

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Who knows why anyone would buy it. However, as far as assessed value, maybe they simply assess the value on a price per square foot or acre?

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Dunkin Donuts drive thru?

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Oh man! I could put an ATM, a RedBox, a Propane Exchange and one of those Salvation Army dropboxes.

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atikovi said:   http://www.ajbillig.com/auctions/upcoming-auctions/lots-and-land... 

Found this real estate auction for a 3,166 square feet lot with commercial zoning but too small to build anything on (I assume). Suggested opening bid of $2,500 but it's assessed at $175,000. The only reason I can think of anyone buying it is to combine it with, or offer it to the adjacent property owners. That could be 10, 20, 50 years down the road. Any current use for this lot I may have missed?

  Cellsite?

rated:
cestmoi123 said:   
atikovi said:   http://www.ajbillig.com/auctions/upcoming-auctions/lots-and-land... 

Found this real estate auction for a 3,166 square feet lot with commercial zoning but too small to build anything on (I assume). Suggested opening bid of $2,500 but it's assessed at $175,000. The only reason I can think of anyone buying it is to combine it with, or offer it to the adjacent property owners. That could be 10, 20, 50 years down the road. Any current use for this lot I may have missed?

  Cellsite?

  Pretty sure an urban area like that doesn't need another one. And again, too small for any normal building. ATM is a cleaver idea if there is zoning that allows that absent the bank.

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From the posting:TAXES:
Published annual real estate taxes are $1,758.22 based on a full value assessment of $175,400. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx  

rated:
Espresso stand maybe?

We'd put 2 houses on that land around here.

The $175k assessment may be totally meaningless. Tax assessments sometimes have nothing to do with FMV. It may be assessed at 175k because of some simple $/ sqft measure and not take into account the actual usability.

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Parking lot.

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How is that assessment high? This is high.

https://www.redfin.com/CA/Mountain-View/2006-Carol-Ave-94040/home/1447536

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Banana stand. There's always money in it.

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atikovi said:   
cestmoi123 said:   
atikovi said:   http://www.ajbillig.com/auctions/upcoming-auctions/lots-and-land... 

Found this real estate auction for a 3,166 square feet lot with commercial zoning but too small to build anything on (I assume). Suggested opening bid of $2,500 but it's assessed at $175,000. The only reason I can think of anyone buying it is to combine it with, or offer it to the adjacent property owners. That could be 10, 20, 50 years down the road. Any current use for this lot I may have missed?

  Cellsite?

  Pretty sure an urban area like that doesn't need another one. And again, too small for any normal building. ATM is a cleaver idea if there is zoning that allows that absent the bank.

  You're kidding, right?  It's urban areas where it's hardest to find site locations. 

rated:
cestmoi123 said:   
atikovi said:   
cestmoi123 said:   
atikovi said:   http://www.ajbillig.com/auctions/upcoming-auctions/lots-and-land... 

Found this real estate auction for a 3,166 square feet lot with commercial zoning but too small to build anything on (I assume). Suggested opening bid of $2,500 but it's assessed at $175,000. The only reason I can think of anyone buying it is to combine it with, or offer it to the adjacent property owners. That could be 10, 20, 50 years down the road. Any current use for this lot I may have missed?

  Cellsite?

  Pretty sure an urban area like that doesn't need another one. And again, too small for any normal building. ATM is a cleaver idea if there is zoning that allows that absent the bank.

  You're kidding, right?  It's urban areas where it's hardest to find site locations. 

  I mean that other than rural areas, cell companies have built out their infrastructure years ago. No need for another tower in an area that is fully covered by service. 

rated:
atikovi said:   
...
  I mean that other than rural areas, cell companies have built out their infrastructure years ago. No need for another tower in an area that is fully covered by service. 

  
No they generally need to add more towers to handle increased demand and usage.

Plus there are also many areas in heavily populated counties that still lack good coverage from some providers.   My house has a crappy signal from Tmobile.
 

rated:
atikovi said:   
cestmoi123 said:   
atikovi said:   
cestmoi123 said:   
atikovi said:   http://www.ajbillig.com/auctions/upcoming-auctions/lots-and-land... 

Found this real estate auction for a 3,166 square feet lot with commercial zoning but too small to build anything on (I assume). Suggested opening bid of $2,500 but it's assessed at $175,000. The only reason I can think of anyone buying it is to combine it with, or offer it to the adjacent property owners. That could be 10, 20, 50 years down the road. Any current use for this lot I may have missed?

  Cellsite?

  Pretty sure an urban area like that doesn't need another one. And again, too small for any normal building. ATM is a cleaver idea if there is zoning that allows that absent the bank.

  You're kidding, right?  It's urban areas where it's hardest to find site locations. 

  I mean that other than rural areas, cell companies have built out their infrastructure years ago. No need for another tower in an area that is fully covered by service. 

  It's not a question of signal availability, it's a question of capacity.  There's a limit to how much data you can run through a single cellsite, so, as data traffic increases, you need to keep adding sites.  

rated:
it's only 27 miles from capitol hill .

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OK so it's capacity. But won't cellular become obsolete eventually? Replaced perhaps by satellite based service.

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atikovi said:   OK so it's capacity. But won't cellular become obsolete eventually? Replaced perhaps by satellite based service.
  It may become obsolete but it probably won't be replaced by satellites. Whatever bandwidth you could get from satellites will be dwarfed by terrestrial options.

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There are latency issues with satellites that won't ever really be overcome. Great for 1 way communication but dirt slow for 2 way.

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Maybe it has expensive environmental hazards underground. A former gas station with underground tanks.

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It looks nicely forested. Maybe you could preserve nature's splendor for future generations.

By the way, I live 15 minutes from there.

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We'll be stuck with old, slow terrestrial data links. China is developing quantum satellite links. http://mobile.reuters.com/article/idUSKBN1970SY

rated:
atikovi said:   
cestmoi123 said:   
atikovi said:   
cestmoi123 said:   
atikovi said:   http://www.ajbillig.com/auctions/upcoming-auctions/lots-and-land... 

Found this real estate auction for a 3,166 square feet lot with commercial zoning but too small to build anything on (I assume). Suggested opening bid of $2,500 but it's assessed at $175,000. The only reason I can think of anyone buying it is to combine it with, or offer it to the adjacent property owners. That could be 10, 20, 50 years down the road. Any current use for this lot I may have missed?

  Cellsite?

  Pretty sure an urban area like that doesn't need another one. And again, too small for any normal building. ATM is a cleaver idea if there is zoning that allows that absent the bank.

  You're kidding, right?  It's urban areas where it's hardest to find site locations. 

  I mean that other than rural areas, cell companies have built out their infrastructure years ago. No need for another tower in an area that is fully covered by service. 

  Network operators are constantly looking for in-fill sites where they may have less than ideal coverage.

rated:
Storage units? Seems like a potential business investment.

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Sdeout73 said:   Storage units? Seems like a potential business investment.
 That might be work, but it seems that the lot size might be too small.

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manuvns said:   it's only 27 miles from capitol hill .

It is near Fort Meade which has been driving development in this particular area.

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Sdeout73 said:   Storage units? Seems like a potential business investment.

90 sq ft storage units go for 160k around here.

https://finance.yahoo.com/news/san-francisco-160000-gets-storage-locker-141346453.html

rated:
If you look at their closed auctions, most of the properties have sold for much more than the suggested opening bid and closer to the assessed values. Do you think you are going to get this anywhere close to $2,500?

rated:
I'll go up to $3,000 and rent it for camping. That should be OK with zoning?

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