Quote:
Originally Posted by Craig Vernon
With the drop in prices for the new areas I was willing to give them all a look while visiting 2-12 thru 2-18. These areas are really far removed from the primary areas and amenities. Lake Denham doesn't even have a pool outside of Franklin Rec center. Dabney does have a neighborhood rec center thankfully because wow it is isolated. I know Eastport is coming however Denham and Dabney still a good distance away. Moultrie Creek is in the shadow of the high school and when developed its relationship to Eastport will make it a new center for development to the south for years to come. Moultrie Creek home prices are up 30 to 40k above Denham and Dabney with bonds 40 to 60k higher with the top end up near 80k. A lot to think about.
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Did you happen to ask what the interest rate is today on the bonds in those areas ?
$80K 30 years @ 5.0% Is
- $430/month
- $155K payback
I'd be looking preowned.