$3,995,000 - Wow...

[WillyK]

On the main topic of this thread, the house at Hauser Estates appears to have closed at a price of $3M. Which still seems a few standard deviations above sane, even for this current climate. To be fair, I’ve never seen the property in person, but for $3M (vs. other things in that price range on the lake), it must show VERY well. Or else there’s something really unique about the site for future expansion or similar.

Shrug. As a recent lake owner, here’s hoping this is a new normal, I guess…


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[mswlogo]

Originally Posted by WillyK

On the main topic of this thread, the house at Hauser Estates appears to have closed at a price of $3M. Which still seems a few standard deviations above sane, even for this current climate. To be fair, I’ve never seen the property in person, but for $3M (vs. other things in that price range on the lake), it must show VERY well. Or else there’s something really unique about the site for future expansion or similar.

Shrug. As a recent lake owner, here’s hoping this is a new normal, I guess…


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Exactly what I said it would close at.

[WillyK]

Originally Posted by mswlogo

Exactly what I said it would close at.

Yeah, good call. Your "1.6x assessed value" heuristic was a good call, gotta keep that one in mind.