Help me Understand.  <img  Million in McClure

Help me Understand. $1 Million in McClure

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  #101  
Old 09-27-2019, 02:12 AM
Midnight Cowgirl Midnight Cowgirl is offline
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Keep in mind that the house is "for sale."

It has not yet been sold.
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  #102  
Old 09-27-2019, 10:51 AM
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Quote:
Originally Posted by B-flat View Post
We purchased a Courtyard Villa in 2018 that was a bargain price, it had everything we wanted. Since we purchased we haven’t seen another one at the price we paid, now the Patio Villas are not only on par what we paid but in quite a few cases they cost more.

Had we taken our $$$ to On Top of The World in Ocala we could have bought a home one and half the times the size of our CYV, with an extra bedroom and a large 2 car garage not the 1.5 size we have now. The key to buy here was location, location, location. OTOW is a nice place but isn’t the Villages. Like my realtor friend used to say there’s a butt for every seat. Guess some butts ( I’ll refrain from using another term) have the extra cash and can afford a million dollar home.
I looked at OTOW and couldn't get past the rental of the property and the higher monthly fee and you are correct. Its NOTHING like here.

The house in question in this thread must be priced where it is for some reason. I don't think The Villages are normally too far off from what they ask to what they get?? There must be a reason thats valid and hasn't been uncovered by the staff on TOTV'S but I can tell you one thing for certain, it will sell. Maybe at a reduced price but there is a buyer for every home.

I really like the idea of doing your homework on prices and studying the area you are interested in so there is no buyers regret. The other thing is when you are schooling yourself with the prices you can strike like a Viper when you see the correct house and have Zero Buyers Remorse. Good job to the OP in uncovering this home that seems to be a Blip, price-wise!
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  #103  
Old 09-27-2019, 09:56 PM
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No one in their right mind would pay anything near...what is being asked for that house.
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  #104  
Old 09-28-2019, 03:49 AM
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.........but all that grey!!!!
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  #105  
Old 09-28-2019, 04:27 AM
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Quote:
Originally Posted by B-flat View Post
We purchased a Courtyard Villa in 2018 that was a bargain price, it had everything we wanted. Since we purchased we haven’t seen another one at the price we paid, now the Patio Villas are not only on par what we paid but in quite a few cases they cost more.

Had we taken our $$$ to On Top of The World in Ocala we could have bought a home one and half the times the size of our CYV, with an extra bedroom and a large 2 car garage not the 1.5 size we have now. The key to buy here was location, location, location. OTOW is a nice place but isn’t the Villages. Like my realtor friend used to say there’s a butt for every seat. Guess some butts ( I’ll refrain from using another term) have the extra cash and can afford a million dollar home.
There is one little thing about OTOTW (I think) in that you don't actually OWN the land, you get a 100 year lease on it, then it reverts to the developer. At least I read that one the internet and so it must be true!
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  #106  
Old 09-28-2019, 05:17 AM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by Martian View Post
There is one little thing about OTOTW (I think) in that you don't actually OWN the land, you get a 100 year lease on it, then it reverts to the developer. At least I read that one the internet and so it must be true!
Yes, it is true. The On Top of the World development in Ocala uses 100 year land leases. So you don't actually own the land that your house is built on.
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  #107  
Old 09-28-2019, 09:44 AM
TomOB TomOB is offline
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OTOW is leasehold only in the original section where the row houses are. Candler if fee simple. The monthly fee is more in the leasehold section, but you get more. Everything outside is taken care of including lawn, bushes, pressure washing and painting every 7 years and new roof every 15 years unless needed sooner.
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  #108  
Old 09-28-2019, 10:43 AM
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graciegirl graciegirl is offline
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Quote:
Originally Posted by Midnight Cowgirl View Post
Keep in mind that the house is "for sale."

It has not yet been sold.
Exactly. And if it sells, it is worth the asking price to somebody.

Meanwhile all of our homes in The Villages are rising in value according to the market.

A rising tide lifts all ships, and causes our taxes to go up.

Ain't nothin' sure but death and taxes.

It is still another beautiful day in The Villages and we are still alive on this Forum and looking to debate.
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  #109  
Old 10-05-2019, 08:38 PM
B-flat B-flat is offline
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Quote:
Originally Posted by TomOB View Post
OTOW is leasehold only in the original section where the row houses are. Candler if fee simple. The monthly fee is more in the leasehold section, but you get more. Everything outside is taken care of including lawn, bushes, pressure washing and painting every 7 years and new roof every 15 years unless needed sooner.
The developer in OTOW does not pay for the roof the owner of the home does. My late aunt and uncle owned a home there, she died, when he got sick then passed I handled sale of the home. Timing is everything even though the roof was rated as 25 year shingle life we got a letter saying the roof was 18 years old and needed replacement. Yes they hired the contractor to do the work, but the cost of the roof was on the back of my uncle’s estate.
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