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Somebody I know is selling a shed for $200,000+
(i.imgur.com)
How much land, and where?
One acre. By a lake. But I still feel it’s ridiculous. I hate the idea of what’s market value. To me it’s what is decent as a human being.
Somebody you know is selling an acre of land on a lake, not a shed. This land is probably worth that much with no improvements at all
Op doesn't understand how badly mfers want to live on a lake in the woods. Electrical and a shed is a bonus.
The acre and the boat slip. The dock fees in lake anna are $1,300 a year the slip alone is worth at least $60,000
It's always land value plus house value. A friend of mine bought an old farm house on a large piece of land for less than a used car's worth. Why so cheap? The land would be worth a fortune alone, but the farm house was a few hundred years old (take that, USA!), in a bad shape, and listed as a protected building, i.e. he had to do any kind of "making it habitable" under close scrutiny of bureaucrats and historians. The family worked their asses off every weekend for over a decade and spent a fortune on historically correct materials.
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Land where I live runs about $1M/acre.
Decent’s got nothing to do with it.
Yeah $1m/acre isn’t moral
What does morality have to do with it? Couldn’t it be considered immoral to your family to sell for less than fair market value?
When the "fair" market is insane, there is no sane price for cordoned dirt.
The "fair" market price is what someone is willing to pay. If it's not sane, then it won't sell. Unless you sell to an insane person, in which case, good for you and them, I guess.
I'm not in the market for million dollar properties, so hyper sane over here.
“Owning” land isn’t moral, but we’ve normalized it over the past few millennia so it isn’t going anywhere anytime soon.
I will take “accepted by most societies over millennia” as a pretty good definition of “moral”.
Most societies also killed gay people, refused to help handicapped people, refused women any day in anything, etc etc for millennia and those are all immoral as well.
Just because things were done a certain way doesn’t mean that’s the right way
Yeah, I’m going to keep on owning land without worrying if it’s moral or not.
It's funny. I'm on vacation in a primarily summer destination, and my wife and I checked out some lake properties in zillow. She thought I was nuts when I said a house we saw was probably a cool mill. Found properties listed for up to $4m. Property values are bonkers.
I like the sofa opposite the bunk bed, nothing better than watching people sleep.
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🫤✋ Shed
😀 👉Tiny House
Town close to me has 800sq foot sheds for $237k
It's a tiny home on 1/5 an acre.
Insanity
I'm in middle Tennessee.
That would seem nuts except middle Tennessee is Nashville area? And it seems like the corporate overlords aren't buying things up there. That would be 700-800k where I live, and I'd buy it if the interest rates were lower.
Looks like a great shed TBH.
Someone will probably buy it to make it an Airbnb "getaway cabin" at way too much $ per night.
I dunno, 28 photos could mean 28 sheds... And that first shed is pretty nice...
Lol everyone posting is normalizing the land price because it's near water. Like they don't see that it's an artificial metric that can and does change with the wind and only stays high because rich people, and those wanting to be rich, keep up the charade.
Is it normalizing? Or just pointing out how things are today?
It's possible to describe reality without approving of it.
I don't like that lakefront property is so expensive, but it surely is. I've been casually looking for years and I don't know if I'll ever afford it. And the headline is complaining about a shed selling for $225k when it's pretty obviously the land and lakefront access that comes with it that is selling for that amount. The structure is a throw in and there's a good chance whoever buys it simply demolishes it to build what they want.
Yes it's normalizing it. You're doing it in your comment talking about what's obvious about the value.
So what is your contention? That people should just say that land doesn't cost what it actually costs? I don't understand.
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It's only artificial until someone buys at that price, then that price is a real measure of how much money someone in the market was willing to spend at the time they bought. Other market participants observe this behavior and adjust their own pricing expectations accordingly. There's nothing magic or artificial about this, it's supply and demand.
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Location location location
1.02 Acres
123 Plum Tree Cir, Bumpass, VA 23024
Throw in an extra 60k and you get a 3 room apartment in the center of Tallinn with a balcony and a view across the whole city.
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Can you call it a shed if it has a minisplit? If that is a heat pump model then it makes my house look like a Trash-Co waste disposal unit.
Imagine escaping reality to your very own private, adorable, and furnished lake house at Lake Anna, VA. Surrounded by lush green trees on a one acre lot, this well-maintained water access cottage is just a short walk from the lake, where you'll find your own deeded boat slip. Ideal for weekend getaways to enjoy boating, fishing, or just a few days of quiet peaceful solitude. Spread out inside in the spacious living room / bedroom combo, where you'll find quality LVP flooring throughout, a full bathroom with shower and plenty of storage space, and a convenient kitchen with refrigerator and microwave.
No stove, just a microwave. I think I'll pass. Lol
Imagine microwaving your tv dinner in your very own, private, affordable?, and furnished lake shed!
edit: i copy and pasted that above from the website (the quote).
I have questions. Are they known for bad decisions? Do you actually get land the shed is on?
Yeah it comes with land
Ah OK, yeah, then depending on location, this would be normal where I am too. Sadly.
Yeah you have it the other way around. The shed comes with the land, which is desirable. Imagine how much a completely undeveloped acre in/right next to a major city would go for? Location location location
I haven't seen anyone say this, so in case anyone doesn't know. If the land is worth 200K and has no dwelling, it's much harder to finance that. You either need a builder/developer loan with plans to build within a specific timeframe. Or, you need some other means to finance.
A bank won't give you a mortgage for land. Land, while having an intrinsic value is worthless to a bank. But land with a shed in which you can poop is worth something. No idea why, but that's at least one perspective.
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It'll probably sell too
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this post was submitted on 25 Oct 2023
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Terrible Estate Agent Photos
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Terrible photos listed by estate agents/realtors that are so bad they’re funny.
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