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Western North Carolina The Mountain Region including Asheville
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Old 04-19-2010, 08:27 AM
 
Location: North Carolina
756 posts, read 924,684 times
Reputation: 277
Default 65 acres? Oh for a little more $$

Found a partially (60%?) completed cabin on 65 acres of forested land for $375K. To make it happen, I would need about $150K-$200K more to complete the cabin and make sure roads etc. were in place.

We look and look and some really cool places are out there, but always too much $$ or too far away from UNCA (as Mrs Friendly requires close access), or the roads in are too steep/narrow, or something.

We are resigned to missing the $6500K tax break but still hold hope for a great home.

The 65 acre place would work if we could sell half the acres for $200K.
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Old 04-19-2010, 10:26 AM
 
Location: Marshall, NC
442 posts, read 887,636 times
Reputation: 231
Any chance the owner would consider selling you fewer acres and lowering the price? Current prices for acreage are around 8-15K per acre and smaller parcels are always hard to find and desirable - Good luck - we love to ride along with you on your search!!
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Old 04-19-2010, 11:16 AM
Status: "Ahh!!! Flyfishing" (set 22 days ago)
 
Location: Sheridan County, Wyoming
672 posts, read 847,221 times
Reputation: 542
offer 2K per acre and $120,000 for partial cabin.
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Old 04-19-2010, 11:48 AM
 
Location: Fletcher, NC
98 posts, read 196,723 times
Reputation: 68
Gf-

Seriously...I sent you a message. I can help you out with this situation.
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Old 04-19-2010, 12:33 PM
 
Location: North Carolina
756 posts, read 924,684 times
Reputation: 277
Quote:
Originally Posted by waytosouth View Post
Gf-

Seriously...I sent you a message. I can help you out with this situation.
I'm already on it - thanks. Got incorporation papers and deed restricts - also the plat. Going to look at it now.
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Old 04-19-2010, 04:54 PM
 
Location: North Carolina
756 posts, read 924,684 times
Reputation: 277
ugh. Shoulda figured. Not worth getting. The house needs a lot of work and the land is the least desirable in the development (mountain tops). The land - all 65 acres - is valued at $325K.

Y'all can have it. I'll keep looking.

The Buncome GIS system is awesome for getting info.
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Old 04-19-2010, 05:18 PM
 
Location: Fletcher, NC
98 posts, read 196,723 times
Reputation: 68
GF-

Yes the Buncombe GIS is nice.....and I do agree. It has potential, but at a high cost.

On the flip side....the whole thing looks like a bank foreclosure on a developer. You could offer them $150K and see if they bite if the land has a good building site.
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