Just a short video today, as the home is a rental with tenants. But I managed a few seconds of video around the pond and outside the mobile. It’s an older mobile, (1981) on a perimeter foundation, and it has a bootlegged room added on at the back. Functional, but of very little value. A good portion of the value here is in the land. And what nice property it is! Flat, private, and with two ponds, this is one of the nicer parcels that has been brought to the market this year. But it is only 2 acres, so how do we evaluate the price of this property?
Well, the best way is by comparison to other similar properties that have been listed and sold so far this year. It turns out there have been several older mobile homes on lots with a bit of land this year.
Here is how I describe this home in my notes: Older MF McCourtney Road Area. Single Wide. Perimeter foundation with bootlegged addition. Highly desirable topographic features. 10264 Zangol Place $239,000 2.0 AC 790 SF
Compare that with all seven of the other Older Mobiles that have come up for sale this year. Compared to every other older mobile so far this year, Zangol, at $239,000 is the most expensive. Noting that in every case, the “value” differential comes from the land and neighborhood, and this home has advantages in both, the question is- how much of premium will buyers pay? I will keep an eye on this one and report on it when it sells!
- Older MF NSJ Single wide, move in ready condition. Has perimeter foundation. 12640 Shady Creek Drive $129,000 0.82AC 908 SF 199
- Older MF GV Double wide, move in ready. Modest condition. Perimeter foundation. Two car detached garage. 11597 Shangrila Ln $200,000 0.56 AC 1338 SF
- Older MF GV Double wide. Modest condition. Some deferred maintenance. Post and peer foundation. Good Privacy. 10881 Yukon Way $204,050 2.01 AC 1248 SF
- Older MF GV Single wide. Deferred maintenance, Perimeter Foundation. 10563 Lime Kiln Rd $208,000 0.62 AC 924 SF
- Older MF SC Single wide. Post and peer foundation. Clean interior, aluminum siding. Flat roof. 13755 Foruntier Lane $140,000 3.0 AC 756 SF
- Older MF SC Single wide. Deferred maintenance, Perimeter Foundation. 10056 Carriage Rd $225,000 1.0 AC 960 SF
- Older MG PV Double wide. Modest condition. Move in ready. Post and peer foundation. No privacy. 11059 Sierra Cir $160,000 0.17 AC 1236 SF