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Adventures in real estate continues: land

June 17th, 2010 at 06:31 pm

I'm continually searching for something to invest in and I've got my eyes on a piece of property. My main criteria is that it's got to be flat and accessible (we live in the mountains). I've run across a listing that has been on the market for nearly a year now. It's smack dab in the middle of town and is flat as a pancake. We would build a nice but not extravagant house on it for us to grow old in... Smile

Only problem is that the price is outrageous... they are asking $99k for this 0.53 acre lot!

Looking straight at the lot from the road (the lot is basically all the high grass that you see)



Looking at the lot with the neighboring house on the left (for your frame of reference of how the lot lays flat when the tall grass is mowed)


The house is in a neighborhood so I don't have to worry about major traffic issues and as you can see, it's super flat. There are also no trees to remove or any grading that has to be done.

The kicker is that a development company bought this lot back in 2007 for exactly $100k. I don't want to pay anymore than $60k for it but I know they'll just laugh at me. Sigh.

Added: I found a picture of the lot with the grass mowed down.

4 Responses to “Adventures in real estate continues: land”

  1. Homebody Says:
    1276802053

    Who knows with the way the economy is. All they can do is say no. I say offer it!

  2. all4money Says:
    1276802125

    I just looked at the tax value on the lot and it's just $41k!

  3. Ima saver Says:
    1276804697

    That is a lot of money for such a small lot. We pay less than that for a lot with a mountain view..

  4. gamecock43 Says:
    1276821413

    It looks like it does have a view though.

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