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Descant · 02-11-2020, 03:40 PM

The inventory is low, in part because properties "sell" within the family. As long as the next generation can afford the taxes, nobody wants to sell. They may sell their mainland home in Kansas and move to Oklahoma, then to Rhode Island, all with no sentiment. But, no, no. Don't sell the camp.
The tax assessment for our camp on the south side of Welch hasn't changed much over the last several years, although the tax bill creeps up. Looking at the tax cards, the variations from one place to the next, vary based on frontage. Owning any back land does not change total value a lot.
You're right about $450-$500 K, at least for asking prices. You'd need to look at the "closed" pages of MLS to see actual sales price.
Add to the purchase price of the camp, the cost of a boat, often two, and mainland docking. The islands that have an association or restricted dock and parking are more valuable.

02-11-2020, 03:40 PM	#8
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,030 Thanks: 1,208 Thanked 1,509 Times in 982 Posts	Low inventory The inventory is low, in part because properties "sell" within the family. As long as the next generation can afford the taxes, nobody wants to sell. They may sell their mainland home in Kansas and move to Oklahoma, then to Rhode Island, all with no sentiment. But, no, no. Don't sell the camp. The tax assessment for our camp on the south side of Welch hasn't changed much over the last several years, although the tax bill creeps up. Looking at the tax cards, the variations from one place to the next, vary based on frontage. Owning any back land does not change total value a lot. You're right about $450-$500 K, at least for asking prices. You'd need to look at the "closed" pages of MLS to see actual sales price. Add to the purchase price of the camp, the cost of a boat, often two, and mainland docking. The islands that have an association or restricted dock and parking are more valuable.