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I visited and evaluated just about every tear down opportunity in Westport with a a buyer-client about two months ago.From this experience, I suggest if you are attempting to price a property to sell it, search the system for recent properties which sold between about 600-1.1M (which were old houses, or smallerl houses). These would have been potential tear downs, and this will provide the direct primary data from which you might discern a comparable basis. Drive by the properties to get an idea of where your property fits. This is a simplification of course, but it is a start.
Thanks for the answers! As comps are hard to come by for the neighborhood I'm in, I guessed it couldn't hurt to reach out... I had already deduced these more obvious ways to get a feel for what I might get for my property, but I thought perhaps there was a 'magic' calculation based on maximum number of BRs and Square footage / allowable lot coverage!Thanks again for the input.
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For Sale: $599,000
For Sale: $3,595,000
For Sale: $775,000