Yep, that is a very nice spread of property. Wonder what flood insurance is? Close enough to ocean to have risk of hurricane storm surge? Have a high school friend who recently bought a winter house in Pensacola, he keeps sending me links to properties there, but am of belief the prices are too high, the lots too small, and insurance is likely high due to proximity to the ocean.
Too far inland for storm surge. Briz was in direct path of the one last year (year before?) that hit the northern west shore. It's the wind damage insurance that's killer. Was talking about this with a good friend/board member who is close to the coast & his homeowners IIRC is close to $30k/year. Car insurance was crazy too. No mortgage & I said/recommended that for that much, I'd set that $ money aside in a separate investment account & self-insure. I'm a risk taker & insurance is legalized gambling. Wouldn't take but a few years to come out ahead even if the place was leveled by a direct hit from a Cat 5.
I see the listing as sold for 29k in '02. That must have been the lot only as it was built in 03. I'm not seeing where it was sold in 2017? Thats a small house, and thats about what it would sell for up here
A place like that would be over a million Canadian "dollarettes" up around here, and about 5 million in Vancouver. Why anyone would want to pay money to live in this frozen and progressively more expensive hell-hole is another story. I'd be tempted to move down there if I could, $350K is cheap, and your property taxes are half of what I pay for a house on a city lot up here.
https://www.zillow.com/homedetails/14150-98th-St-Live-Oak-FL-32060/58353945_zpid/ About half-way down the page... under Price History.
@350k value taxes here (burbs in between DC, Annapolis, & Baltimore) would prob. be around $2k-2500. But 10 acres around here would probably sell for several million & would become a small development w/30+ houses @ $650k/ea. Existing house probably just get torn down.
Around here, a 1456sf house, on 1/4 acre, would be listing around 1.0M-1.2M, and it would have multiple bidders driving the price up another 100K. Property taxes around $10,000/yr.
Interesting that the realtor.com listing doesn't show that. I'm going to guess that zillow is wrong, 29k barely buys a trailer, even before the covid boom..
The story on that is the old guys wife passed 5 years ago. He "sold" it to his son who was going to move here with his family from Ohio. I was thrilled as the son was a car guy and it seemed like we would hit it off. They went back up north to get another load of stuff and he got sick with pneumonia and died a week later. Very sad. Thats when his 2 daughters stepped in and helped him make the decission to move in with them up in Ga.
The way real estate is selling here this wont be on the market long. One of you need to step up quick before a stranger buys it.
What a great idea Briz? Help your neighbor sell his house to a fellow car guy. If you find the buyer tell that seller girl you want 1% finders fee.LOL Cliff
Here in Northeast Collier County FL that place would be flirting with $1 million. Developers would buy it, subdivide it, and cram as many houses as they could on the subdivided parcels. Depending on the layout, they probably could peel three lots off of the original parcel.
Showed the wife and she said no the property, because it didn't have a garage like i have here and then it would be out of our price range..... she didn't say anything about the realtor though........ but I ain't touching that subject
In reality going price per acre here is 5000-10K each. The lot can be divided but no less than 5 acres with only 1 house per lot. Tell her I'll by the back 5 after you close and that will be plenty to put up a huge shop.
Where we live in Northeast Collier county, a 2 1/4 acre building lot will bring $150 grand. The zoning used to be 5 acres, but the developers got to the powers that be. The property that I have could have three lots split off so my house would bring whatever I could get with 2- 2 1/2 acres plus probably a bit north of $450,000 for the balance of the property. (I have a hair over 10 1/2 acres now). I won't sell a square inch as long as I am able to live here independently, but sadly, I'm sure that it will be subdivided by whoever gets it when I croak.
I'm buying a lottery ticket tomorrow and if it hits the big prize....I'll charter a private jet and come on down!!
