I can get a hundred thousand dollar property/land in the historic district of old Mansfield for 5-10k. But it's a gut job and an odd design. A ruin that has to be torn to the studs. They even stole the meter. So why even bother? because the city just finished upgrading all the street and public works up and down the block, it's two blocks off the Old Main Street historic district, Community development has the area in its sites for the next path of progress as Condomania east of 287 has reached saturation, the rest of the block is gorgeous, and it's 10 minutes from each of the best schools.
So: gut it? or tear it down, salvage what can be salvaged and rebuild on the site?