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#1
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Man Cave Lust: House related
I've been shopping for a warehouse space for a while and so far have come up empty. Either its a great space in da hood, or too expensive, too small, etc. With Bohdi's recent purchase it gave me the bright idea of buying a house with a man cave on the property.
This little gem has been for sale for almost 500 days. Its off a paved road, and you can see why I want it. http://www.weigand.idxco.com/idx/3929/details.php?idxID=075&listingID=246852 I'm playing phone tag with the realtor right now, but I asking price is clearly far away from the actual value. (I'd estimate 20-30% over) I'd be the Donald Trump of Towanda, as no other house in the area is within 50k of it. My guess is they're either too proud or upsidedown on the place, but we'll see. Homes in my area usually sell within a month, and if they accepted my lowball it would be a contigency contract.
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1985 500SL Euro w/ AMG bits 130k 1984 300SD Turbodiesel 192k 1980 240D Stick China 188k 2001 CLK55 AMG 101k 2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!! |
#2
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Looks like plenty of room for GTGs too.
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Chad 2006 Nissan Pathfinder LE 1998 Acura 3.0 CL OBK#44 "Pleasure in the job puts perfection in the work." - Aristotle (384-322 B.C.) SOLD 1985 300TD - Red Dragon 1986 300SDL - Coda 1991 - 300TE 1995 - E320 1985 300CD - Gladys |
#3
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Boy, $200,000 will certainly get you a lot more in Kansas than it will in Arlington, VA!
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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
#4
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Or in Ohio.
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#5
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Wow! Looks like you would stay warm. That is a massive fireplace!! Or is that normal up there?
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AJ 1985 300D (SOLD) |
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Certainly not in NJ. A 1 bedroom condo starts at 200+k.
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Question Authority before it Questions you. |
#7
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Quote:
Anyway they are probably upsidedown. It doesn't matter what the seller wants the bank is only going to appraise it for so much these days. If the closest comp is $50k less they better have one heck of a reason for asking more, something the appraiser will buy. If they really need to get out you could do a short sale but those are a PITA. When it comes down to it their are really only two types of sellers, those that want to sell and those that want to keep owning the house.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#8
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hey Chad, can you show young Tyler what a proper Man Cave looks like?
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For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get. Clk's Ebay Stuff BUY SOMETHING NOW!!! |
#9
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Quote:
The realtor seems to be a dud, as I left a message again at 9:00 am and she has yet to get back to me. Maybe she knows its a lost cause. I still don't know the details on the land that can be purchased with it. Real Estate in the area never had a bubble to burst, so there are few people upsidedown here. My guess is its original owners (or near to it) that are getting old but are still proud of the house. All I can do is speculate until Arelene calls me back.
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1985 500SL Euro w/ AMG bits 130k 1984 300SD Turbodiesel 192k 1980 240D Stick China 188k 2001 CLK55 AMG 101k 2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!! Last edited by TylerH860; 02-25-2010 at 06:43 PM. |
#10
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Screw the agent look the people up and call them direct.
My rule if the agent doesn't return my call in 24 hours I go around them. I'll either call another agent if I just want basic MLS details, or I'll go call the people direct and tell them I can't get ahold of the agent so I'm talking to them. Asking prices don't count, you need to find sold comps. Sounds to me like the house is worth $150k-$175k. Land is worthless if you can't build on it or farm it. Useless land doesn't add to the value of a property. If you can get a building lot out of it, you might be able to offest the cost a bit. But with house prices where they are you need to get the land for just about nothing to make anything.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#11
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Useless land sure does add value around here.
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1985 500SL Euro w/ AMG bits 130k 1984 300SD Turbodiesel 192k 1980 240D Stick China 188k 2001 CLK55 AMG 101k 2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!! |
#12
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Around here it just adds to your tax assesment.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#13
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Why am I staying in Michigan??????
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Strelnik Invest in America: Buy a Congressman! 1950 170SD 1951 Citroen 11BN 1953 Citroen 11BNF limo 1953 220a project 1959 180D 1960 190D 1960 Borgward Isabella TS 2dr 1983 240D daily driver 1983 380SL 1990 350SDL daily driver alt 3 x Citroen DS21M, down from 5 3 x Citroen 2CV, down from 6 |
#14
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Amen. Extra, non-productive land is a pain in-the-wallet once a year in taxes.
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#15
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Around here $200k would get you a studio condo with parking on the street.
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1977 300d 70k--sold 08 1985 300TD 185k+ 1984 307d 126k--sold 8/03 1985 409d 65k--sold 06 1984 300SD 315k--daughter's car 1979 300SD 122k--sold 2/11 1999 Fuso FG Expedition Camper 1993 GMC Sierra 6.5 TD 4x4 1982 Bluebird Wanderlodge CAT 3208--Sold 2/13 |
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