Suburban Renewal

In Arlington, the housing market is still relatively strong, but only for more modern units.  So perfectly good older homes are torn down to make way for new, multi-unit developments, which can be sold at a premium.  This one is located in a prime spot, just outside of Arlington Center.

A typical older Arlington single family goes for around $400,000.  If you tear it down, you can build a two-family condo with each unit listing at upwards (sometimes well upwards) of $650,000.

Note how they’ve dug a two-family hole:

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