Cossayuna Lake Topics: Question for OSMS
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Name:
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jawjagal
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Subject:
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Question for OSMS
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Date:
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8/26/2006 10:25:13 AM
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The following statement made by you has been on my mind for a long time.
"Couple of issues come to mind. What are the neighboring houses like? New, old, cabins, newer lake homes? How good is the access road--a real road or a pig trail? Paved?
The lake banks on that side of the river are high red clay in many areas; do you have a high drop off? As you know, these are factors that will influence the value.
A huge new house, at the mouth of Madwind Creek, north side, that was very expensively built did not sell for a couple of years because it was nestled in among cabins on very small lots and a pig trail road. The house was out of place for the neighborhood. Owner probably lost $500K or more."
My burning question is: ON THE LAKE, DOES IT MATTER WHAT IS AROUND YOU FOR PROPERTY VALUE?
I know it does in subdivisions, etc, but I have always wondered if the lake factor - just being on the lake - made any difference. I see beautiful, big houses, with old, small homes...and just didn't know.
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