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It is not the same topic as my own site.
Can anyone tell me if its valuable. Current bids are $500 .
Is it worth the money of I were to add content to the domain similar to my site and link to to my own ste from it
You may want to do some research before you decide to part with your money.
Expired Domains [google.com]
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I agree that the best opportunity would be to develop it with a theme related to the existing site linkage.
Out of the 14 domains 6 were PR5, 7 domain were PR6 and 1 was PR7 at the time I bought them.
PR5 domains: At present 5 out of 6 domains are PR4. 1 domain that was PR5 in late December is now PR0.
PR6 domains: 3 have PR4 now, 1 has PR5 now, 1 domain has retained its PR6, 1 domain is PR0 as on today and one domain has seen upgrade to PR7 from PR6.
single PR7 domain: Current status PR6.
All the domains have one thing in common that all of them were put in use with 2-3 page sites as soon as their DNS updated after I received the domains in my account. Such temporary sites were replaced by another set of small sites that were on topic to area of my interest in another 2 weeks. My purpose of such domains is to get PR quickly for my new sites built on valuable domains. I will delete links from expired domains as soon as I have sufficient links to my actual sites and in many cases they (expired domains) have already done their job.
There have been persistent rumors on webmasterworld that google gives a death sentence to all expired domains are registered and put in use. These rumors are most likely as a result of a thread started by GG [webmasterworld.com] after 07-March-2003 update in which he stated:
we've also put more of a focus on algorithmic improvements for spam issues. One resulting improvement with this index is better handling of expired domains--the authority for a domain will be reset when a domain expires, even though dangling links to the expired domain are still out on the web. We'll be rolling this change in over the next few months starting with this index.
Either roll out of that algo enhancement is still underway after over 1 year or maybe some programmer didn't code it properly.
Bottomline is odds are in favor of buyers and users of expired domains as on today although like all blackhat methods this one is also not risk free.