12/08/2008

Flat Shoals Road Property


The asking price for this 7.34 acre plot was 107,000. It is very close to my parents (under 30 minutes) and we liked certain aspects of the property see below:

Pros:
--Good size plot which was layed out well with a cleared area that led down to a wooded ravine (which was supposed to have a creek at the bottom).
--A small one bedroom cabin already exists on the plot (the old residence of a single man who had lived there for 30 years, considered a "mad scientist" by his neighbors).
--There is also a smallish garage/storage shed also very solid and well built.
--The previous owner had built an underground "bomb shelter" which was really more of a potential root cellar. Also very solid and well built.

Cons:
--The deal breaker here is that the "creek" which is situated at the bottom of the ravine is actually a barely discernible trickle if not completely dry. The agent said it was a full blown creek last time he showed the property. Right.
--I felt a bit too close to neighbors since the property was on corner lot and easily viewed by folks across the street in the winter.
--Some of the land immediately adjacent had already been parceled out and would require a separate purchase.
--The agent made it sound like there was another offer pending and was indirectly trying to get us to make a decision within 72 hours. No thanks!

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