I just did a drive by. Road is in and paved. Looks like the property was
part of a larger farm. This parcel contains the barn, a newer house and a
detached garage. The house looks like a modular (Not mobile home). One story
rancher. Drive is not paved. Next door is a multi million dollar custom
house. lien on this property is $175K. Sheriffs sale is on Friday. I have
never done a sheriffs sale before. I may just go to watch and learn and let
this one go. $175 would be a STEAL for this house in this area, I'm sure
others will be attending and know this as well. I can cover the 10% (of
175K) required at day of sale but do not have the balance due in 21 days.
Could be a year + long project if a new custom home were to be built on the
site. I could sell my current house, live in the modular and build new
myself. At under $200K I would seriously consider it. I would halve my
mortgage but then could get a construction loan, be net even on a monthly
basis and have a new house on a nice lot when I'm done. Nor really a
traditional flipping approach though. The property (not house) is a lot
nicer than my current property. Anyway, thanks for letting me think out
loud.
"Goedjn" wrote in message
...
On Mon, 12 Sep 2005 14:16:23 -0400, "No" wrote:

Thanks - This, and drive by is all I have. Sheriff sale, considering
flipping it. Just trying to get a sense of size, hence value, to see if
its
something to persue. That will give bme better comps.
"Duane Bozarth" wrote in message
...
No wrote:




Most of that is just finding the starting point.
Find a protracter, a compass, and some big graph paper,

I did a quick sketch in paintbrush to show you the
technique, and give you a rough idea of the
size and shape, at www.goedjn.com/sketch/plat.gif.

Eyeball guess, between 5 and 6 acres.

The purple lines indicate which borders I *THINK*
the proposed road goes through. (It sounds to me
as if the road isn't in yet, so you might be
able to influence it's exact placement,
modulo where the stream is, which I didn't
even bother to find.

--goedjn



Thanks in advance. Anyone want to take a stab at how many square feet,
aproximately, this description represents??? We all have our
sicknesses.
Do
I read this right that the property is on both sides of a road?

BEGINNING at a point on the
title line in the bed of "Road 1"
(proposed 50 feet wide) said point being
measured by the 08 following courses
and distances along the said title line and
its extension through Re bed of "Road 1"
from its point of intersection
with the title line in the bed of
"Road 2". (Route No. 2) (proposed 50
feet wide) (1) south 63 degrees 53 minutes
east 680 feet to a point on the tide
line in the bed of "Road 1" (2)
south 63 degrees 22 minutes east, 313.50
feet to a point (3) south 71 degrees 07
minutes east, 313.50 feet to a point (4)
south 61 degrees 22 minutes east, 238.40
feet to a point (5) south 38 degrees 22
minutes east, 132 feet to a point (6) south
38 degrees 16 minutes east, 873.89 feet to
a point (7) south 80 degrees 29 minutes
east, 553 feet to a point and (8) north 68
degrees 01 minute east, 300 feet to the
point of beginning; thence extending
from said point of beginning north 30
degrees 32 minutes west, crossing the
northwesterly side of "Road 1",
525 feet to a point; thence extending
south 80 degrees 34 minutes east crossing
a stream and partly along land about to
be conveyed to "Person 1", 699.10 feet to
a point; thence extending still partly
along the land to be conveyed to
"Person 1" south 70 degrees 06 minutes
east 90 feet to a point in line of land to be
conveyed to "Person 2" ; thence extending
along the last mentioned land the 02 following
courses and distances: (1) south
20 degrees 19 minutes west, 114 feet to a
point and (2) south 08 degrees 16 minutes
west, crossing the northeasterly side of
"Road 1" 312.80 feet to a point
on the title line in the bed of
"Road 1" aforesaid; thence extending along
the said title line through the bed of
"Road 1" the 02 following
courses and distances: (1) north 74
degrees 44 minutes west recrossing the
aforesaid stream 430 feet to a point and
(2) south 68 degrees 01 minute west, 25
feet to the first mentioned point and
place of beginning.

Get them to supply a plat...