How do you get comparable sales for a home as unique as this? Well, for one thing, the home itself is not all that unique. In fact, the size, style, and condition of the home makes it rather typical for the Grass Valley market. Over the last year there have been a dozen or more comparable homes in terms of features and amenities of the home itself. What makes this home unique is the location, the size of the property, and the on-site power generation. If this home were in Grass Valley on a city lot, with PGE power and paved street it would sell for $275,000 to $300,000.
The best way to compare prices is to find similar property and see if we can figure out the value of the land separately from the value of the house. In my attempt to do that I went searching for a home listed for sale 17347 Sunrise Road, which is about 2 miles away from Foxfire. It’s a bank repo listed for $205,800. This home is listed at about 1000 square feet, built in 1986, so I thought it might give me a clue on value. But the MLS says you can’t preview the home. I thought I would do a drive by and at least get look at the outside, but there was a locked gate, and no access from the street, so I did not get a chance to see it.