Town close to me has 800sq foot sheds for $237k
It’s a tiny home on 1/5 an acre.
Insanity
I’m in middle Tennessee.
That would seem nuts except middle Tennessee is Nashville area? And it seems like the corporate overlords aren’t buying things up there. That would be 700-800k where I live, and I’d buy it if the interest rates were lower.
Looks like a great shed TBH.
Someone will probably buy it to make it an Airbnb “getaway cabin” at way too much $ per night.
How much land, and where?
Is that “bump ass” or “bum pass?”
I like the sofa opposite the bunk bed, nothing better than watching people sleep.
One acre. By a lake. But I still feel it’s ridiculous. I hate the idea of what’s market value. To me it’s what is decent as a human being.
Land where I live runs about $1M/acre.
Decent’s got nothing to do with it.
Yeah $1m/acre isn’t moral
What does morality have to do with it? Couldn’t it be considered immoral to your family to sell for less than fair market value?
When the “fair” market is insane, there is no sane price for cordoned dirt.
The “fair” market price is what someone is willing to pay. If it’s not sane, then it won’t sell. Unless you sell to an insane person, in which case, good for you and them, I guess.
I’m not in the market for million dollar properties, so hyper sane over here.
Somebody you know is selling an acre of land on a lake, not a shed. This land is probably worth that much with no improvements at all
I mean it has electrical service, water, and either sewer or septic. Still feels a little high but a full acre on a lake is valuable
Op doesn’t understand how badly mfers want to live on a lake in the woods. Electrical and a shed is a bonus.
The acre and the boat slip. The dock fees in lake anna are $1,300 a year the slip alone is worth at least $60,000
I haven’t seen anyone say this, so in case anyone doesn’t know. If the land is worth 200K and has no dwelling, it’s much harder to finance that. You either need a builder/developer loan with plans to build within a specific timeframe. Or, you need some other means to finance.
A bank won’t give you a mortgage for land. Land, while having an intrinsic value is worthless to a bank. But land with a shed in which you can poop is worth something. No idea why, but that’s at least one perspective.
Most often the case, depending on location/us state whatever system installed for pooping in that shed is a health code liability and therefore a financial burden.
