Mitchell Lake Topics: Lake house value
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Name:
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John C
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Subject:
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Lake house value
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Date:
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4/30/2018 3:23:08 PM
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hey Crimson, I am sure by now you have been hammered by other agents and I am sure you have comps. But you are correct, it is tough to compare lake lots, especially when you don't have many raw lot sales around you. I subscribe to the theory that any home on lake martin, regardless of where it is, is valued by 1) view 2) privacy 3) location 4) the house and improvements, in that order. So on lots like yours I try to pull any lot sales (which are seldom) and then go to home sales and try and pull out the value of the improvements. You estimate that by experience and other comps. I hope this helps.
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