Messages

1

General Discussion / Re: 11.44 Acre Property on Brunel Rd, Huntsville ON

« on: December 02, 2010, 05:56:21 PM »

Is it possible that the city has set apart this area for vehicle stop over or to pull over safely? If so could the property be rezoned as commercial, for a gas station or small strip of convenience store(s) etc?

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General Discussion / Re: 11.44 Acre Property on Brunel Rd, Huntsville ON

« on: December 02, 2010, 04:51:27 AM »

Thank you for the excellent insight, especially G2020. I appreciate how much detail you put into your post, you have shed much light on the missing elements in my due diligence. I have not purchased much property (land) via tax sale, this is the first time I have encountered an issue such as this. Looks like I have a headache ahead, but I suspect it will be worth it in the end. I am open to any and all advice or insight into this situation... Please continue to enlighten me!

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General Discussion / Re: 11.44 Acre Property on Brunel Rd, Huntsville ON

« on: December 01, 2010, 11:14:19 PM »

Hmmm, know what the easement is for? If not I can contact the municipality directly by phone correct?

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General Discussion / Re: 11.44 Acre Property on Brunel Rd, Huntsville ON

« on: December 01, 2010, 09:42:28 PM »

The land is a butted to a major road. What sort of easement did you find? I didn't
Find any easements on title.

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General Discussion / Re: 162 South Dr, Huntsville ON

« on: December 01, 2010, 04:24:14 AM »

Yes that is why my statement was purely hypothetical, proper evaluation calls for similar properties sold in the same area within the last six months. Through my hypothetical situation, I was trying to identify if perhaps the 'non-lakefront' property is undervalued.

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General Discussion / Re: 162 South Dr, Huntsville ON

« on: December 01, 2010, 03:55:41 AM »

In my experience the TAX assessed values can vary greatly from the fair market value in either direction.

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General Discussion / Re: 11.44 Acre Property on Brunel Rd, Huntsville ON

« on: December 01, 2010, 03:53:44 AM »

There were not any crown liens when i had the title search done.

Can anyone with access to Terranet or the MLS give me some comparable sold values?

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General Discussion / Re: 162 South Dr, Huntsville ON

« on: December 01, 2010, 02:05:41 AM »

Thanks for the info, I can see that the market is dictating a more honest price. Lets hypothetically say that the values of the land (not lakefront) were unknown, and the lake front properties are selling for around 200k. Would you be inclined to think that the non-lakefront properties selling at 100k less seem reasonable?

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General Discussion / Re: 162 South Dr, Huntsville ON

« on: November 30, 2010, 09:36:00 PM »

Thank you for the support. I will likely be wholesaling the property for quick(er) sale, and to attract investor buyers.

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General Discussion / Re: 162 South Dr, Huntsville ON

« on: November 30, 2010, 09:00:20 PM »

I understand it's worth significantly less, it is the only property I could find to compare it to. I will have to have it appraised, until then I was hoping to hear some opinions on it's value. Perhaps its worth approx $130,000??

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General Discussion / Re: 162 South Dr, Huntsville ON

« on: November 30, 2010, 07:13:38 PM »

If it helps get conversation rolling i found a waterfront property in the area of similar size on the MLS listed for $230,000.00. Since 162 South Dr is a corner lot and not a waterfront property, I would Imagine it's worth 50k less?? 

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General Discussion / Re: 11.44 Acre Property on Brunel Rd, Huntsville ON

« on: November 30, 2010, 05:05:03 AM »

I saw 15 bids on this property... highest tenders were $25,500 and $23,500 respectively. Is someone getting a heck of a deal, or has they overbid?

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General Discussion / Re: 162 South Dr, Huntsville ON

« on: November 30, 2010, 05:02:30 AM »

there were 8 bids on this property.... must be someone with an idea of it's value.

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General Discussion / 11.44 Acre Property on Brunel Rd, Huntsville ON

« on: November 30, 2010, 03:29:31 AM »

Anyone know what this plot of land is worth?

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General Discussion / 162 South Dr, Huntsville ON

« on: November 30, 2010, 03:26:19 AM »

Winning bid of $10,950.... anyone what that property is worth?