Camp property search

   / Camp property search #511  
I have a place on a lake in north central Minnesota. 12+ years ago, a lake lot when for sale, 200ft frontage, but shallow lot, very close to me. Crazy high at 359k asking price. Sat until two years ago, sold for $359k. The owner owned it outright and waited for their price, paid a few hundred dollars per year in taxes as it was undeveloped. Year later, 2024, another undeveloped lot went for sale 1/2 mile up the lake 150ft frontage, 1.18 acres, asking 359k, sold in a few weeks.

They don't make more lakeshore.
 
   / Camp property search
  • Thread Starter
#514  
We are leaving today for a week "off" taking care of deceased parental stuff. We did ask the realtor for more info on this property and get us inside. This place was up FS as a FSBO this spring and we did stop in then and walked around the property. Its just a bit closer to Houghton than the above mentioned property. Only things its missing is attachment to the grid and low on acres.
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   / Camp property search
  • Thread Starter
#517  
Looked at several locations yesterday and found 2, like the camp seen above, too close to highways and overly noisy. We like to sit outside in the morning and have coffee, or eat late meals outside. One location occupants and another we walked for the 2nd time.

We will look at 2 seen below over weekend with the realtor. Lower one might be tear-down condition.
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   / Camp property search #518  
Be careful of anything with an existing structure that isn't immediately useable.

Last year I bought a piece of property off of the courthouse and had to really negotiate the price down due to an existing doublewide that was there.

The doublewide was built in '98 and might be worth $40K if you put $60K worth of repairs into it. I convinced the court it was a liability and was able to get the property at a fair price.

I was able to get someone to come and remove the trailer at zero cost.

Shortly afterwards Hurricane Beryl came through and people were screaming to buy trailers in any condition. Which is a testament to my luck/business acumen.
 

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