Subdivision in Sheridan (Gillette: low income, for sale, condo)

[ruggedindividual]

Does anyone know anything about the West View subdivision on 7th street in Sheridan? My realtor has sent me several listings of homes being built by Schuster Construction in that neighborhood. They're 4 bedroom, 2.5 bath, 2 car garage homes on a 7100 sq.ft. lot, for under $250K. Is this a nice subdivision, and how is Schuster's reputation as a builder there? That kind of home for that price is odd in this market. Any help would be great.

[Dangerous Dave]

I've seen the listings. The lady at You Win Realty e-mailed me the house plans. They may be able to help you better.

From what I'm hearing, the market is softening to being "just ridiculous" from the radically ridiculous. Also, they may be a bit cheaper because they're not ready to move into. But there are a few houses on the market in the low to mid 200's I've seen on the listings for quite a while now, so maybe there's hope.

[ElkHunter]

Up on Mydland Rd they're slapping some modular's on basements. 3 bed modular on an unfinished basement. It is supposed to be "Low income, affordable housing."

They start at $190,000. You can stand in your house, open a window and spit on the neighbors wall. They're selling as fast as the crane can set the modular on the basement.

You might have seen it in the paper. It's the outfit that was building for 10 days when they remembered they should get a building permit. They were fined $21,000. for making that mistake. But the city felt that was out of line, although it was the standard off the chart the city made. So they reduced the fine to $2,100.

[Dangerous Dave]

Originally Posted by ElkHunter

Up on Mydland Rd they're slapping some modular's on basements. 3 bed modular on an unfinished basement. It is supposed to be "Low income, affordable housing."

They start at $190,000. You can stand in your house, open a window and spit on the neighbors wall. They're selling as fast as the crane can set the modular on the basement.

You might have seen it in the paper. It's the outfit that was building for 10 days when they remembered they should get a building permit. They were fined $21,000. for making that mistake. But the city felt that was out of line, although it was the standard off the chart the city made. So they reduced the fine to $2,100.

Is that the Bungalow Village I've been seeing on the sites? Seems a bit much for a mobile.

[ElkHunter]

I think it's called Quail Ridge. Could be mistaken. It's the only thing on the West side of Mydland. Right next to that medical center they built last year. There's condo's, not sure of their prices, but yes, the modulars, on an unfinished basement are $190k and up.

[Dangerous Dave]

Originally Posted by ElkHunter

I think it's called Quail Ridge. Could be mistaken. It's the only thing on the West side of Mydland. Right next to that medical center they built last year. There's condo's, not sure of their prices, but yes, the modulars, on an unfinished basement are $190k and up.

That's the ones. Bungalow Village at Quail Ridge.

Too many names for one neighborhood. Developers are probably yups outta California.

[ruggedindividual]

Originally Posted by ElkHunter

It is supposed to be "Low income, affordable housing."

They start at $190,000.

Only a Californian would call that affordable for low income folks...and for a modular? Sheesh...I'd be happier buying a $100K piece of acreage and plop a $90K 5th wheel on it.

[ElkHunter]

Actually it's a local guy that's doing it.

[dictionary]

Those Quail Ridge Homes are not only modulars, they are ugly modulars and tiny! The Schuster builders I have heard have done nicer homes that are priced in the 425K range, which out here means they would be 225K max anywhere else in the U.S.

The ones on 7th is absolutely not a neighborhood I would live in. And what they show on the web site looks nothing like the actual homes.

I wouldn't trust a realtor in this town at all. I mean zilch, zero. zero. I have never seen such blatant ethics/appraisal/disclosure, etc. etc. abuse. The rampant greed around here in regards to the homes is disgusting.

It's going to end soo though, Gillette is already starting to tank a bit.

If I had to hire a builder I would definitely go out of state. Oh and don't trust the listings, a house that looks nice may have neighbors that park their 8 "working on" mechanical projects on the lawn...

Oh I can't wait until this market tanks! It's going to be sooo much fun watching the scramble...mmm. I think there are going to be some big Escalades on the market.....

[Dangerous Dave]

Originally Posted by dictionary

Oh I can't wait until this market tanks! It's going to be sooo much fun watching the scramble...mmm. I think there are going to be some big Escalades on the market.....

Yep, I have to agree. You won't see me scrambling to pay $250k for a dump that'll be worth less than $100k when the fun stops.

Granted, I know that may be a long time from now, but I'm patient.

I've seen this before.

And I hope those folks putting their homes up for sale for three times what they paid for them 5 years ago end up in the gutter when the day of reckoning comes....

What's that? You'll let me have it for what you owe? Ha! Throw in a new Hummer and I'll think about it.