Real Estate values

SPOCAHP ANAR · 06-19-2005, 08:22 PM

Been looking around here for a house and I have to tell you these people are on something.

1300 SF no garage (carport) 3BR 1Ba 1/3 acre lot: $119,000.

Best deal I have found is 1200sf, 2 BR 1Ba, 3/4 Acre lot, 1 attached garage, 1 detached Garage with workshop (two car garage) Formal dining room can be 3rd BR for $105,000

Its tiny but is manageble with all the extra room which we need.

troylaplante · 06-19-2005, 09:15 PM

Sounds expensive for the Triad area. I have a coworker who did a lot better than that in the Triad area for his last home purchase about a year ago.

Gyrene · 06-19-2005, 09:15 PM

SPOCAHP ANAR - You have good prices compared to here.

Best deal I have found is 1200sf, 2 BR 1Ba, 3/4 Acre lot, 1 attached garage, 1 detached Garage with workshop (two car garage) Formal dining room can be 3rd BR for $105,000.

That would sell for about $750,000.00 here; maybe more. Up the road about 15 miles it would go for over $1.5 million, with a 3/4 acre lot.

`

06-19-2005, 09:28 PM

8 years ago I bought my first house for $149,500...3 bedroom, 2 bath, 1600 sq ft..brick with a single car garage in a "trendy" part of Atlanta..sold it a little over 3 years ago for $235,000

PAPA G · 06-19-2005, 10:51 PM

wait for the bubble to burst, then price will drop, its a sellers market right now. if your in a hurry KY has some good deals left.

ruger22com · 06-19-2005, 10:51 PM

its such a region thing with home prices. I have a nice 20 year old 3 bed/2bath 1300 Sq foot brick house with new central ac/ht in Mobile Alabama on a 1/2 acre lot. Market value here is around $90,000

The exact same house on the exact same lot in the city I used to live in (Birmingham Michigan) would go for over THREE TIMES that much ($300,000 easy)....and if you go to california....just add a zero on the end.

toolman · 06-19-2005, 11:51 PM

Quote:

Originally Posted by SPOCAHP ANAR

Been looking around here for a house and I have to tell you these people are on something.

1300 SF no garage (carport) 3BR 1Ba 1/3 acre lot: $119,000.

Best deal I have found is 1200sf, 2 BR 1Ba, 3/4 Acre lot, 1 attached garage, 1 detached Garage with workshop (two car garage) Formal dining room can be 3rd BR for $105,000

Its tiny but is manageble with all the extra room which we need.

Hate to gloat but a comparable home here in Abilene is running around $50-75,000 We actually looked at a 2100 sf home home down the street that was 3 bd, 2 ba, 2 car garage on a double lot (1\2 acre?) with a real nice rock fireplace and exterior (all 4 sides) and fairly new storm windows for $89,000.00. This was a really nice place with mature pecan trees and had been meticulously maintained.

Despoiler · 06-20-2005, 12:53 AM

We bought our house here in Sacramento, Ca about 7 years ago, for $125,000, at the time a decent price, not really out there for a 4 bd rm 2000 sqft home, on a 1/3 of an acre. It backs up to the river, with a school and park across the street. At the time Sacramento was in a housing slump. We had been thinking of moving and the Real Estate agent thought that we could ask $425,000 for the house. We have done a lot of work on it, new yards, painted inside and out, remodeled both bathrooms and Kitchen. But a $300,000 increase in 7 years, it unreal. Like Papa G says this bubble has to burst. BTW we decided to stay here, after all it is going to be paid off in 8 years.

wirehunt · 06-20-2005, 04:14 AM

In New Zealand I bought a house three years ago, three bed room plus two more built onto the garage. 1/4 acre $79000NZD. House prices have gone so mad that if I sold tomorrow I should get around 280000-300000.
I payed for the house a couple of months ago, how? With the profit from the section I bought when I was 15, Payed $2000 twenty years ago, sold it for $75000, most of the increase on the section was in the last two years.

Apollyon67 · 06-21-2005, 08:46 PM

I was just offered 176,000 on my 700sf two bedroom house on a half acre, I was told I could get 200,000 minimun by a very knowledgable real estate agent. I am about 7 miles from any real town.

rebel727 · 06-21-2005, 09:30 PM

Dang y'all live in some high priced places. Our 4 year old brick 3 br 2 full bath(master bath with a jacuzzi is as big as a bedroom ) double carport on an acre of land with a pond is only worth $75.000

PAPA G · 06-21-2005, 09:38 PM

heyell!!! i gots 7 acres of horizontaly challenged land, new double wide, 6 stall barn and ag/garage combo. a delapidated old farm house, and 2 ponds for $70k last year. :jaw: :lucky:

06-19-2005, 08:22 PM	#1
SPOCAHP ANAR Senior Member Join Date: Mar 2002 Location: SC-upstate Posts: 4,094 Images: 3 Blog Entries: 4	Real Estate values Been looking around here for a house and I have to tell you these people are on something. 1300 SF no garage (carport) 3BR 1Ba 1/3 acre lot: $119,000. Best deal I have found is 1200sf, 2 BR 1Ba, 3/4 Acre lot, 1 attached garage, 1 detached Garage with workshop (two car garage) Formal dining room can be 3rd BR for $105,000 Its tiny but is manageble with all the extra room which we need. __________________ Spocrest Out!..........

06-19-2005, 10:51 PM	#6
ruger22com Senior Member Join Date: Apr 2004 Location: Mobile Alabama Posts: 723	everywhere its such a region thing with home prices. I have a nice 20 year old 3 bed/2bath 1300 Sq foot brick house with new central ac/ht in Mobile Alabama on a 1/2 acre lot. Market value here is around $90,000 The exact same house on the exact same lot in the city I used to live in (Birmingham Michigan) would go for over THREE TIMES that much ($300,000 easy)....and if you go to california....just add a zero on the end. __________________ www.CheapGunParts.com http://ruger22.com/art/banners/tiny.gif Home of the "YELLOW JACKET" Bolt Buffer and Takedown Bolts! Free Shipping & Lifetime Warranty!

06-20-2005, 04:14 AM	#9
wirehunt Senior Member Join Date: Dec 2004 Location: Otago New Zealand Posts: 656	In New Zealand I bought a house three years ago, three bed room plus two more built onto the garage. 1/4 acre $79000NZD. House prices have gone so mad that if I sold tomorrow I should get around 280000-300000. I payed for the house a couple of months ago, how? With the profit from the section I bought when I was 15, Payed $2000 twenty years ago, sold it for $75000, most of the increase on the section was in the last two years. __________________ Happy Hunting

06-21-2005, 08:46 PM	#10
Apollyon67 Senior Member Join Date: Nov 2004 Location: Southern Maryland Posts: 2,235 Images: 17	I was just offered 176,000 on my 700sf two bedroom house on a half acre, I was told I could get 200,000 minimun by a very knowledgable real estate agent. I am about 7 miles from any real town. __________________ "To err is human, to repent divine; to persist devilish." Ben Franklin

06-21-2005, 09:30 PM	#11
rebel727 Senior Member Join Date: Mar 2005 Location: Heidelberg, Mississippi Posts: 1,547	Dang y'all live in some high priced places. Our 4 year old brick 3 br 2 full bath(master bath with a jacuzzi is as big as a bedroom ) double carport on an acre of land with a pond is only worth $75.000 __________________ North-1 South-0 HALFTIME!

06-19-2005, 09:15 PM	#2
troylaplante Moderator Join Date: Nov 2004 Location: Selma, NC Posts: 2,223	Sounds expensive for the Triad area. I have a coworker who did a lot better than that in the Triad area for his last home purchase about a year ago.

06-19-2005, 09:15 PM	#3
Gyrene Senior Member Join Date: Mar 2002 Location: CA Posts: 886	SPOCAHP ANAR - You have good prices compared to here. Best deal I have found is 1200sf, 2 BR 1Ba, 3/4 Acre lot, 1 attached garage, 1 detached Garage with workshop (two car garage) Formal dining room can be 3rd BR for $105,000. That would sell for about $750,000.00 here; maybe more. Up the road about 15 miles it would go for over $1.5 million, with a 3/4 acre lot. `

06-19-2005, 09:28 PM	#4
Logansdad Guest Posts: n/a	8 years ago I bought my first house for $149,500...3 bedroom, 2 bath, 1600 sq ft..brick with a single car garage in a "trendy" part of Atlanta..sold it a little over 3 years ago for $235,000

06-19-2005, 10:51 PM	#5
PAPA G Guest Join Date: Mar 2002 Location: somerset, kentucky Posts: 12	wait for the bubble to burst, then price will drop, its a sellers market right now. if your in a hurry KY has some good deals left.

06-20-2005, 12:53 AM	#8
Despoiler Senior Member Join Date: Mar 2002 Location: The Occupied Territory of California Posts: 2,232	We bought our house here in Sacramento, Ca about 7 years ago, for $125,000, at the time a decent price, not really out there for a 4 bd rm 2000 sqft home, on a 1/3 of an acre. It backs up to the river, with a school and park across the street. At the time Sacramento was in a housing slump. We had been thinking of moving and the Real Estate agent thought that we could ask $425,000 for the house. We have done a lot of work on it, new yards, painted inside and out, remodeled both bathrooms and Kitchen. But a $300,000 increase in 7 years, it unreal. Like Papa G says this bubble has to burst. BTW we decided to stay here, after all it is going to be paid off in 8 years.

06-21-2005, 09:38 PM	#12
PAPA G Guest Join Date: Mar 2002 Location: somerset, kentucky Posts: 12	heyell!!! i gots 7 acres of horizontaly challenged land, new double wide, 6 stall barn and ag/garage combo. a delapidated old farm house, and 2 ponds for $70k last year. :jaw: :lucky: