Newsflash: When is a house a tear down?

Have a house which was built in the mid-1950s, and last renovated probably in the mid eighties. About half the appliances are >20 years old. The heat is a baseboeard oil boiler from the 70s (AC is normal/newish). Windows might only be 20 years old, they seem like probably the nicest feature. Oh and it has a big basement black mold problem. The house is definitely on the small side for this area.It is on over two acres, which in this area has definite value itself, easily the land is worth more (probably at least double) what the house is worth.I go back and forth between the house being a distraction for land buyers, and then thinking maybe it is worth something to someone and it would be crazy to tear it down.So is this a tear down?


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