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Artistry in Eagle Rock

Not sure if the listed price of $349,500 gets you a pretty watercolor picture or an actual lot, but MLS touts this Eagle Rock land with a (proposed) three-bedroom with city views. It's located on 4176 Toland Way, "a quiet street in the hottest area of Eagle Rock-Glassell Park-Mt. Wash!" (Quiet street made louder by exclamation point.) Looks like something may have to be torn down, however. But it's perfect for a builder or contractor, notes MLS, or anyone missing their New Hampshire ski house.
UPDATE: Have the plans been approved? Comments below question what the status of the project is...
· 4176 Toland Way [MLS]