It really is location, location, location

[kscarrol]

Originally Posted by Run Silent

I just finished a new home on a mountaintop with a stellar view. 7acres. 3,750sf. All in, it came to $345K, including the land.



Pics below:

Where is the still? I know you're makin' some bad ass moon shine in there somewhere!!

[Run Silent]

Originally Posted by ASAP

you actually have to live in an area that provides the job for said listed house...

Not sure if that was directed to me - but just at my office alone, there are over 300 employees making more than 100,000 per year, over 100 employees making more than 250,000 per year, and over 10 making more than 1,000,000 per year.

That's just 1 company. Let's not count the thousand doctors around here all making big bucks, the company owners, et al.

Heck - just had lunch with a friend the other day who is a business owner locally. He makes about 1.3mil per month.

So not too shabby.

lol.

[Run Silent]

Originally Posted by kscarrol

Where is the still? I know you're makin' some bad ass moon shine in there somewhere!!

[NickyC]

Originally Posted by Run Silent

Oh - it is just ridiculous. For reference, here is what you could get in my neighborhood for $1m.

On the water, 7,980sf.

Good Lord, unless you have the means to staff an army of hired help who the hell would want that!

[M_Six]

Originally Posted by NickyC

Good Lord, unless you have the means to staff an army of hired help who the hell would want that!

Like the one I posted above. Over 13,000SF. Wifey and I have 2400SF now and we have rooms we rarely set foot in. And 7 bathrooms? I could see it if you had 5 kids or something like that.

Plus that house has an annual tax bill of $20,175.

[c1pher]

Originally Posted by M_Six

My BIL recently moved into a semi-fixer-upper in Burbank, CA. 3bds/2ba 1400sf. Ugly ass house. Bought it for just under $1mil with a killer monthly mortgage for 30 yrs. For the same price, he could have bought this in our area.

https://www.zillow.com/homedetails/7...80647100_zpid/

I mean you might as well live in the middle of the Sahara where that is. I'm surprised it's not cheaper, and I grew up in Champaign.

[cmyx6go]

Originally Posted by M_Six

Like the one I posted above. Over 13,000SF. Wifey and I have 2400SF now and we have rooms we rarely set foot in. And 7 bathrooms? I could see it if you had 5 kids or something like that.

Plus that house has an annual tax bill of $20,175.

I'm on a 60 x 100 lot, 2500 sq ft and my tax bill is just shy of $10K.

[Run Silent]

Originally Posted by NickyC

Good Lord, unless you have the means to staff an army of hired help who the hell would want that!

LOL - you would be amazed what you could get around here. I belong to a local country and golf club that has some nicer homes in the development around the golf course.

Here are a few.

$889,000 7bd 8ba 7,588 sqft


$1,150,000 6bd 7ba 9,538 sqft


$2,295,000 5bd 6ba 8,246 sqft


$650,000 5bd 6ba 4,677 sqft

[ToddBlack88]

Originally Posted by cmyx6go

I'm on a 60 x 100 lot, 2500 sq ft and my tax bill is just shy of $10K.

That’s basically my house. 60x125’ lot. 2480 sqft. Assessed value 1.6 mil. But only $5400 per year property tax.

Median house here has jumped back up right around 1 million again.

Stupid.

[Run Silent]

Originally Posted by cmyx6go

I'm on a 60 x 100 lot, 2500 sq ft and my tax bill is just shy of $10K.

Here is my past 4yrs of tax bills since I built the house in early 2015. This is my home in town, not the one pictured above. We now rent it out.

I feel obliged to remind you that we also have no state income tax.

[cmyx6go]

Originally Posted by Run Silent

Here is my past 4yrs of tax bills since I built the house in early 2015. This is my home in town, not the one pictured above. We now rent it out.

I feel obliged to remind you that we also have no state income tax.

Me Run Silent

And once again for reminding me no state income tax

My water bill is higher than your tax bill

[NickyC]

Originally Posted by Run Silent

LOL - you would be amazed what you could get around here. I belong to a local country and golf club that has some nicer homes in the development around the golf course.

Here are a few.

$889,000 7bd 8ba 7,588 sqft


$1,150,000 6bd 7ba 9,538 sqft


$2,295,000 5bd 6ba 8,246 sqft


$650,000 5bd 6ba 4,677 sqft

Amazing houses for sure, but I'm too lazy to even do 5% of the upkeep those things would require lol. ;P

[Run Silent]

Originally Posted by cmyx6go

Me Run Silent

And once again for reminding me no state income tax

My water bill is higher than your tax bill

Lol - I have no words. FWIW, so is mine. My city utility bill is a combined bill. It has water, sewer, and trash pickup all on one bill. For my family of 3, it typically runs around $75 a month. It will push near $100 a month if I am watering my grass heavily in the summer.

Annually, it averages about a grand. My electric bill is about the same. Averages about $80/mo. Gas bill is around $10/mo in the summer - since the only thing I use it for is my outdoor grill. In the winter, it runs around $35/mo since I have gas heat. The electric bill has a corresponding offset, though.

[Run Silent]

Originally Posted by NickyC

Amazing houses for sure, but I'm too lazy to even do 5% of the upkeep those things would require lol. ;P

I figure - if you can swing the purchase price, you can swing the monthly bill to have someone handle the landscaping and a maid to come in weekly for the inside.

[cmyx6go]

I house hunted for over two years. All I wanted was 80 x 100, 2800-3000 sq ft, two car garage and basement without a stupid mortgage at my age. Not doable. They're going for $1.3 - $1.5

Most of the houses on the property size I wanted were much larger than what I wanted.

[cmyx6go]

Originally Posted by Run Silent

Lol - I have no words. FWIW, so is mine. My city utility bill is a combined bill. It has water, sewer, and trash pickup all on one bill. For my family of 3, it typically runs around $75 a month. It will push near $100 a month if I am watering my grass heavily in the summer.

Annually, it averages about a grand. My electric bill is about the same. Averages about $80/mo. Gas bill is around $10/mo in the summer - since the only thing I use it for is my outdoor grill. In the winter, it runs around $35/mo since I have gas heat. The electric bill has a corresponding offset, though.

My water/sewer is about $1800 per year. Electric bill in summer can hit $600, you can hang meat in my house. Gas will get to $300/mo in winter.

[ntg44]

I actually wanted to bring up a thread just like this a few months ago after being really frustrated with the prices and selection in Chicago SW suburbs. But the selection is getting better now compared to beginning of this year, and I'm starting to see these insanely priced houses stay on the market for far longer than they should.

Biggest enemy in Crook county is the property taxes. Everyone is abandoning their multi million dollar mansions because they're sick of paying 40-60k in real estate taxes.

I don't know about the rest of the country, but here, I don't doubt for a second that another bubble is about to burst. It may not be as big as 10 years ago, but 4 million dollar+ houses in the wealthiest neighborhoods are selling for low 2 millions, and there's way too many of these on the market for it to be a fluke - the neighborhood is so wealthy. Just need to wait it out for the middle class homes to follow.

[Run Silent]

Originally Posted by cmyx6go

My water/sewer is about $1800 per year. Electric bill in summer can hit $600, you can hang meat in my house. Gas will get to $300/mo in winter.

That's crazy - although I'm the same regarding the meat. My thermostat is set at 70* in the summer and 68* in the winter.

I'm curious as to how the new house is going to fair. I've got a corn furnace in the basement that should heat the whole home with $0 electricity. I've also got a water wheel running in a large stream on property that turns a generator for electricity and supplements my city water.

Estimates should have the water bill down around $30/mo and electric no more than $50 or so.

[Rmtt]

Originally Posted by Run Silent

That's crazy - although I'm the same regarding the meat. My thermostat is set at 70* in the summer and 68* in the winter.

I'm curious as to how the new house is going to fair. I've got a corn furnace in the basement that should heat the whole home with $0 electricity. I've also got a water wheel running in a large stream on property that turns a generator for electricity and supplements my city water.

Estimates should have the water bill down around $30/mo and electric no more than $50 or so.

Sounds like you have done your homework. As for winter, if it's similiar to my in-laws....they typically see about 30" of snow throughout winter on average. Usually about 2 decent sized storms, and a lot of little snow events of 2"-3" with some of that just powder being blown around from other areas.

Our second property in that area looks like that. My wife has a spot of about 25 acres allocated to her, but it's very "hilly" with higher elevations and lower valleys.

Our biggest issue is that it's still in NC. So land that has been in her family for generations is going the same way as other people who have owned property for years in that area.

You have very high income people that come in and build these huge vacation homes, and the county sees dollar signs from property taxes. Most up there will have modest houses on huge tracts of land, but value is being driven up like crazy because of these huge houses being built on a small lot.

A lot of people up their have actually lost property because they can't afford the hike in taxes.

I know my wife's property taxes have went up astronomically in the last 10 year's. We have a way out by selling, but it's land that they have owned and paid for with blood and sweat decades earlier....so there is a lot of sentimental value tied to it.

[Run Silent]

Originally Posted by Rmtt

Sounds like you have done your homework. As for winter, if it's similiar to my in-laws....they typically see about 30" of snow throughout winter on average. Usually about 2 decent sized storms, and a lot of little snow events of 2"-3" with some of that just powder being blown around from other areas.

Our second property in that area looks like that. My wife has a spot of about 25 acres allocated to her, but it's very "hilly" with higher elevations and lower valleys.

Our biggest issue is that it's still in NC. So land that has been in her family for generations is going the same way as other people who have owned property for years in that area.

You have very high income people that come in and build these huge vacation homes, and the county sees dollar signs from property taxes. Most up there will have modest houses on huge tracts of land, but value is being driven up like crazy because of these huge houses being built on a small lot.

A lot of people up their have actually lost property because they can't afford the hike in taxes.

I know my wife's property taxes have went up astronomically in the last 10 year's. We have a way out by selling, but it's land that they have owned and paid for with blood and sweat decades earlier....so there is a lot of sentimental value tied to it.

I get substantially more than double that when it comes to snow. See attached below. As for property taxes, based on my assessment, I should see an annual tax bill for about $1,680 on the new place. Our taxes in TN are notably lower than the NC side. My property line is 3.6 miles from North Carolina.

[backhill]

Originally Posted by Run Silent

LOL - you crack me up, sir.

Roan Mountain, TN.

That whole area is beautiful. I have family in Asheville I visit every other year and always contemplate moving down.

[Run Silent]

Originally Posted by backhill

That whole area is beautiful. I have family in Asheville I visit every other year and always contemplate moving down.

Love Asheville - we are there at least one weekend a month. One of my favorite places.