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and smoke damage it has suffered would require another $35-50K. And <br /> then renovation costs on top of that. <br /> 2. The other option of course would be to knock the house down and <br /> start all over again with a fresh, new house. However, a low ballpark <br /> estimate to demo out a house of this size - including all the oil <br /> contaminated concrete foundation - and haul it off is $50K. Then you'd <br /> be basically into a building lot for $485K. Plus another $250 - $300K to <br /> build the new house. <br /> With all the above said, I would be willing to buy the property now at <br /> $385 K. All cash. No contingencies, no further inspections. Closing by 20 <br /> Dec. or whenever the funds from my IRA become available, whichever is <br /> sooner. <br /> Ranee: If you think some further pics of the condition of the house - <br /> especially the basement - would help in this new offer, let me know and <br /> we can go back in and take some. <br /> Thanks <br /> Don <br />