Lakeport Landing business

[secondcurve]

Originally Posted by AC2717

its only worth what people are willing to pay for it
$480k is a ridiculous amount for that strip of property especially the amount of work anyone other than Lakeport or Irwin would have to do with it

I cant believe I am asking (cause I Know the answer) what is wrong with these people

There are two interested buyers who opened the bidding at $331,400 and $335,000. Based upon this and the fact that the seller is a city (read stupid government entity and God knows Laconia has proven this time and time again) I'm fairly certain that the fair value of the property is closer to the appraised value. Obviously, the bidders started the process low hoping to attain the property at a discount. The city should move to install a parking lot and I'm sure the offers will substantially increase.