This is the latest property in the area to tempt us. Even though we sort of decided last time we were here, that buying a property wasn't what we should do, the temptations continue to present themselves. If I didn't look at Real Estate in the various publications, or scan the Internet, there obviously wouldn't be any reason to be tempted. But, for some reason, I keep looking. Maybe it has something to do with the low prices, and the bargain hunter instinct that dwells inside me. This small parcel is 1/2 acre, with a 1260 sq ft, 3 bedroom, 2 bath mobile. The structure is in pretty good shape, but needs a few things like carpets. It's in a subdivision here in Sunriver, with paved roads, city water, and city sewer. Asking price is $69,900, with a County assessed market value of a little over $100,000. Before the drop in housing prices, the market value was around $150,000, and was in fact listed for sale a couple of years ago for $160,000. Most of the bare lots in this development are in that$50,000 to $80,000 price range, so the attraction is amplified by the improvements that already exist. Now we're back to the basic debate, and that is - if we had a property in the area, would it become our primary focus, and take away from the summer lifestyle that we enjoy so much? I think the answer is more yes than no, and so the debate continues.
Wednesday, September 1, 2010
MORE TEMPTATIONS
This is the latest property in the area to tempt us. Even though we sort of decided last time we were here, that buying a property wasn't what we should do, the temptations continue to present themselves. If I didn't look at Real Estate in the various publications, or scan the Internet, there obviously wouldn't be any reason to be tempted. But, for some reason, I keep looking. Maybe it has something to do with the low prices, and the bargain hunter instinct that dwells inside me. This small parcel is 1/2 acre, with a 1260 sq ft, 3 bedroom, 2 bath mobile. The structure is in pretty good shape, but needs a few things like carpets. It's in a subdivision here in Sunriver, with paved roads, city water, and city sewer. Asking price is $69,900, with a County assessed market value of a little over $100,000. Before the drop in housing prices, the market value was around $150,000, and was in fact listed for sale a couple of years ago for $160,000. Most of the bare lots in this development are in that$50,000 to $80,000 price range, so the attraction is amplified by the improvements that already exist. Now we're back to the basic debate, and that is - if we had a property in the area, would it become our primary focus, and take away from the summer lifestyle that we enjoy so much? I think the answer is more yes than no, and so the debate continues.
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