Bargain Alert!... You just found a handyman DEAL. Let's break it down. Five acres of raw land in this area is selling for approximately $130,000 to $135,000. With raw land you have to add a well, electricity, impact fees, any lot clearing, leveling, other prep, driveway and fencing. Add $20,000 for these items, we both know this is a low estimate to get raw land ready to build. Yep, 150+ and no house. Here you get all the infrastructure and 2 homes. Yes you read correctly. The tax rolls shows 1 home. There are actually 2 homes. There is a second mobile home at the back of the property. It looks to be solid, messy but mostly solid. The front house is messy and appears solid. There is also a workshop on the property. Next door is 8973 SE 12th Drive, it is also for sale by the same owner. Price is also $175,000. That home is a 3/2 Dbl wide on 5 acres. Seller would gladly make a deal to sell both together. The 2 lots share a driveway and well. Seller believes there is a easement on the shared driveway. The well is located on the property line or on 8973. It is best to plan for a new well if you are NOT buying both lots. To recap - 5 good high and dry acres, 2 mobile homes and a shop for $175,000. Seller is motivated. If you buy both properties she may consider owner financing with half down and balloon in 3 years.. If you have a hammer and paint brush, and you know how to use them, you really must look at these 2 properties. You have found a deal.
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