Quote:
Originally Posted by GusMan
Hi All,
Just as a cautionary tale......
This appears to be quite the nice property for short money... but notice a few things.....
Most importantly... the language specifying "your" dock just steps away. Looking at the picture of the dock.....How many Winnie size boats do you think would fit on that dock? Maybe 4?.... assuming there's deep water near shore... you are buying unit number six..... how is the dock space allocated? If it's not explicitly in writing..... run away.
Next? This is a modestly priced stand alone condo.... Taxes are $4600.... what about condo fees? Nothing noted.
Finally ... electric service is only 100amps.... barely acceptable ....
Asking price is the first consideration, but certainly not the last. Sorry for being somewhat negative... but as someone who's been through 2 lakes region RE transactions (in both cases the Realtors were less than forthcoming) I'd be extremely wary of deals that seem to be too good to be true.
Good luck!
Gusman
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Why is a 100 amp electrical service "barely acceptable"? It's a small camp.