Market Value for Townhouse in Blue Mt. Beach?

[meyer]

Hi All-
Can anyone give me opinion about the value of a Townhouse in Blue Mt. Beach. 2B/2Ba, Approx. 100 yards from the beach-really no view.

I'm considering purchase and placing on the short-term rental market. What are the prospects for TH rental in Blue Mt??

 

[Smiling JOe]

Hi All-
Can anyone give me opinion about the value of a Townhouse in Blue Mt. Beach. 2B/2Ba, Approx. 100 yards from the beach-really no view.

I'm considering purchase and placing on the short-term rental market. What are the prospects for TH rental in Blue Mt??

What neighborhood/ street? Which townhomes?

 

[Landloc]

On Blue Mt. Beach Road next to public beach access. Mirasol Townhomes

 

[Franny]

The last t'home that sold in Mirasol was unit #8, an end unit, for $385,000 in October of 2004. This unit is the closest one to 30-A. It was on the market for two days. There has been no activity since that closing. I don't see why it would not do well as short term rental. Call local rental companies and ask for their opinion. Good luck.

 

[SHELLY]

Hi All-
Can anyone give me opinion about the value of a Townhouse in Blue Mt. Beach. 2B/2Ba, Approx. 100 yards from the beach-really no view.

I'm considering purchase and placing on the short-term rental market. What are the prospects for TH rental in Blue Mt??

What's the asking price? If coffee shot out of your nose when you heard it, it's a clear indication that it is overpriced. (Consider the increase in taxes and the increase for insurance (if you're lucky to get it at all) that close to the water.

If you've got the cash and the time, you're now in the catbird's seat when it comes to real estate.

 

[FoX]

If you've got the cash and the time, you're now in the catbird's seat when it comes to real estate.

As a general rule that is always true in real estate. But I assume you mean the here and now. I disagree. If it were such a great time to buy we would be seeing a lot more contracts being signed. We have a lot of sellers who aren't concerned with selling and a lot of potential buyers who don't wish to deal with them.

 

[Smiling JOe]

Hi All-
Can anyone give me opinion about the value of a Townhouse in Blue Mt. Beach. 2B/2Ba, Approx. 100 yards from the beach-really no view.

I'm considering purchase and placing on the short-term rental market. What are the prospects for TH rental in Blue Mt??

Perhaps you should establish a working relationship with a good Realtor. There are a few out here.

 

[Mermaid]

Perhaps you should establish a working relationship with a good Realtor. There are a few out here.

I was thinking along those lines too. A good realtor will give you the comps and info on rental histories. I don't know that I'd try to buy something without professional advice!

 

[Miss Kitty]

I was thinking along those lines too. A good realtor will give you the comps and info on rental histories. I don't know that I'd try to buy something without professional advice!

I'd listen to Mermaid and SJ if I were you!

 

[Landloc]

I have been presented with the oppty to purchase the Townhome mentioned above for 550K. Now how does that sound based on your experience with the Blue Mt. area. (100 yards from Beach, but no view).