Real estate General topic

[paulsharvey]

So, I'll try to share what I've found out; not priceing stuff for me; but discussing this morning while on a work job, and a mobile home dealer was there, and figured I'd ask him.

I mentioned my assumption of $15k well, $25k septic, and $7-9k for culvert, mitered ends, and concrete apron.

He said, the well, he sees wildly varying, and couldn't really give a ball park, because of depth, any post treatment, ect

Septic; he said for a non-raised, very standard system; he is running around $9k. Which I though was very good; but he said he had a system recently that required an aeration system was right around $25k total.

He also said he was getting quotes of around $5.5k on a 15" CMP, 24 ft long, and a 5 ft concrete apron on a county road. What I'm seeing is the $7-9k for 32 ft 18" CMP, with the concrete apron.

 

[paulsharvey]

Wife found a place she wanted to look at, 12.4ish acres, 4/3 2018 manufactured, small lake w/ access, funny shaped double triangle parcel, lots of just sand hill scrub woods, priced about 10% more than I would like. Several sheds, with power, but kinda small, fenced yard area, above ground pool, 2nd power hook up down by the lake, good condition dirt road, rightish part of the county, not ghetto (but ghetto adjacent). Gonna try to schedule a tour.

One catch... as always; pulling into the neighborhood, big (very old) sign for the HOA, and says mandatory. Gonna have to get details on that; possibly expired, but will 100% want to confirm on its status.

I'm gonna say approx 90% uncleared.

I don't 100% like the property shape vs lake location, vs house location, vs future land use; I would want a nice drivable trail from house to lake; which would take up a lot of that narrow strip in the middle.

 

[the old grind]

Doesn't look like adjoining owners are doing much for the condition of the 'lake'. Might cleaning/clearing it up (excess fertility/muck/weeds, low DO, etc?) fall on you for the benefit of all?

btw, using wind and electric to aerate 4 ac on my ten that gets a lot of leaf litter from surrounding trees. Finally bought a DO meter & when it's up enough (say 10mg/L) I'm adding bacteria. Also, IMO black vs blue dye looks way more natural. Anything beats green.

 

[paulsharvey]

A pretty quick sketch. It looks like I can fit what I want, even if the shape isn't ideal.

 

[paulsharvey]

Didn't map it, but depending on how things slope/roll; should be able to get a 333 yard rifle range in, while keeping stuff safe and comfortable.

 

[paulsharvey]

Doesn't look like adjoining owners are doing much for the condition of the 'lake'. Might cleaning/clearing it up (excess fertility/muck/weeds, low DO, etc?) fall on you for the benefit of all?

btw, using wind and electric to aerate 4 ac on my ten that gets a lot of leaf litter from surrounding trees. Finally bought a DO meter & when it's up enough (say 10mg/L) I'm adding bacteria. Also, IMO black vs blue dye looks way more natural. Anything beats green.

Playing with moving the aerial dates, it looks like the lake consistently does have water; but the peanut shaped lake does appear to at times split into a northern and southern section with solid land between them. Looks like for 2 or 3 years before TS Debbi, it was two separate lakes; 2020 and 2023 it's one lake.

 

[paulsharvey]

Looks like north section by its self is 2.5 acres, and total lake is 5.41 acres.

 

[Citydude]

Didn't map it, but depending on how things slope/roll; should be able to get a 333 yard rifle range in, while keeping stuff safe and comfortable.

Shooting ranges on HOA developments are rare if the HOA is still in effect.

 

[paulsharvey]

Shooting ranges on HOA developments are rare if the HOA is still in effect.

In Florida, provided it's not within I think 300lf from a neighboring occupied dwelling, FL Statue allows it, regardless of city/local/HOA regs.

 

[paulsharvey]

At work yesterday, we were talking about a new law either passed, or working it way through that would limit HOAs ability to restrict company passenger vehicles from being parked at a residence. Don't know if the cut off is CDL or just over 6000#.

Atleast the state is working to limit the reach/power of HOAs in some limited ways.

 

[paulsharvey]

The one article about vehicles, and one about shooting.

 

[Hay Dude]

Just sold my home of 16 years on June 15th.
I am now comfortably ensconced in a very comfy rental home until we find our next home.
The moving process was awful, but we got great $ for our home. Now we wait until the market tanks and interest rates once again begin to fall.
For everyone’s sake, I hope that happens so we all have a chance to relocate.

 

[paulsharvey]

Just sold my home of 16 years on June 15th.
I am not comfortably ensconced in a very comfy rental home until we find our next home.
The moving process was awful, but we got great $ for our home. Now we wait until the market tanks and interest rates once again begin to fall.

Good luck. There certainly seem to be signs that the market is slowing, but no signs of tanking so far. To be honest, I don't hope or wish for tanking; but slowing is needed. What I see locally is very little reduction in price, but things sitting for much longer. Sellers are still Very slow to reduce prices. Funny to see something sit for 6 months, and they move the price 1%. I would think at that point, you start moving the price 5% every 3 months.

Also, did you end up doing much on Repairs and rehab? I 'think' it was you that had a thread asking about what to rehab foe a fast sale?

 

[Hay Dude]

I had to give 20K seller concession for drain fields. They almost got me on stucco, but with my construction background I was much wiser. I made the testing company come back out and re-test a wall they clim had failed (readings ~20%). I tested them with my own tester after they left. They were 12-14%.
I think the buyer and the stucco testing company colluded together to fail the stucco to get $30 grand out of me.
I put an end to that BS.

 

[WinterDeere]

Wish I had lake frontage. It was on my list of “wants” when shopping properties ca.2010, and one house we viewed was just a hundred yards up the street from one of the boat launches to our local 1500 acre lake. Still kinda regret not buying closer to the water, as we ended up nearly a half hour from the closest sailing club.

On 5 acres of lake… row boat? Paddle boat? Still fun, if it’s deep enough.

 

[paulsharvey]

Wish I had lake frontage. It was on my list of “wants” when shopping properties ca.2010, and one house we viewed was just a hundred yards up the street from one of the boat launches to our local 1500 acre lake. Still kinda regret not buying closer to the water, as we ended up nearly a half hour from the closest sailing club.

On 5 acres of lake… row boat? Paddle boat? Still fun, if it’s deep enough.

Yeah, it's small, but it should have atleast some fish, and it's on our Want list, and close to wife's must have list, although she would be fine with a small pond, creek, or within walking distance to a water access.

 

[paulsharvey]

Funny thing about this property that wife pointed out; although it's probably 10% too high; they specifically say "bring all offers, zero turn mower negotiatable, goats negotiatable, golf cart negotiatable". I told her I don't want some else's used goats...

 

[paulsharvey]

Also did some checking; and I lied about the HOA. It's a Property Owners Association, not an HOA, and apparently there is a Big difference.

 

[paulsharvey]

It sounds like it maybe a voluntary road maintenance fund/membership/organization. The "roads" are actually 33ft easements from both bordering parcels; and not technically roads, and based on the white road sign, not county owned. IE, the parcels meet in the middle of the road.

The sign at the entrance does say "membership is mandatory", so, not sure if that's true or BS; and although Very early in this stage, I'm not completely against throwing $10-20/month into a road grading fund.

 

[kthompson]

We have three different pieces of land with easements involved. One is across the part we live on, one is "old" access to a separate piece of land and not used and the other is across my family's old land giving access to the remaining land behind it. All are recorded legally.

I despise them! Who takes care of them? Who is libel if road failure leads to a wreck? Who regulates them? A public road to me is so much less stress. I had rather give it to the county to own, maintain and have firm regulations on it.

On two of them (those not across our land) all Maintenace has been my cost. Why, I am who needs them. The one across our land is maintained by our county for once upon a time they did and the law required them to keep it up.