Mystery of the Abandoned
This land is near mine, here in Madison County NC. The address is 6891 Bear Creek Rd, Marshall NC.
This is a 60 acre lot. In 2005, a Florida Yankee came up here and bought this land for $135,000. The guy went to the commissioners to get the zoning changed, he wanted to build a house, plus a 10 slot RV park, plus some main guest house.
In 2007 he began building the house.
And he put in a nice big driveway, real wide so you could bring the RVs up. He cleared out several areas for the RV park.
The Yankee didn't do the work he had a local contractor. They built a nice porch, didn't get around to putting the rail on it.
And, I heard that the guy had a heart attack and he gave up on his project. He gave the place to his girlfriend in Charlotte.
And she has done nothing with it. From the trees grown up on the driveway, it is obvious that nobody has driven up in 8 or 10 years.
So, estimated $100 grand on the house, $10 grand on the well, $10 grand on the septic, plus $135 grand on the land, total of a quarter million dollars just sitting there. What in the World?
This is a 60 acre lot. In 2005, a Florida Yankee came up here and bought this land for $135,000. The guy went to the commissioners to get the zoning changed, he wanted to build a house, plus a 10 slot RV park, plus some main guest house.
In 2007 he began building the house.
And he put in a nice big driveway, real wide so you could bring the RVs up. He cleared out several areas for the RV park.
The Yankee didn't do the work he had a local contractor. They built a nice porch, didn't get around to putting the rail on it.
And, I heard that the guy had a heart attack and he gave up on his project. He gave the place to his girlfriend in Charlotte.
And she has done nothing with it. From the trees grown up on the driveway, it is obvious that nobody has driven up in 8 or 10 years.
So, estimated $100 grand on the house, $10 grand on the well, $10 grand on the septic, plus $135 grand on the land, total of a quarter million dollars just sitting there. What in the World?
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So what is the rest of the story :?: 0 -
What a great deal that might be for someone who would like to continue with the RV park idea, or just have a somewhat secluded place in this area! 0 -
Unfinished and unoccupied for 10 years, the house is probably a ruin. I bet if the lady were offered a hundred grand, she'd leap at it. 0 -
I don't know the rest of the story, thus it is a mystery.
The house is not finished on the inside. It has a metal roof and vinyl siding, so the exterior is pretty much bullet proof. The interior is framed 2x6 walls and looks to be in good shape. So the house needs a lot of work, insulation, finish the interior walls, probably needs wiring, finished flooring etc. I estimate it would cost $70 grand to finish the place up.
Here you can see it is valued for taxes at $337K.
https://www.redfin.com/NC/Marshall/6891-Bear-Creek-Rd-28753/home/162774111
All the windows are intact, however, sooner or later a tree will crash down and take out a window, or put a big hole in the wall or roof, and then Mother Nature will really get to work to reclaim this place.0 -
allen griggs wrote:
snip . . .
Here you can see it is valued for taxes at $337K.
. . . snip
I think I can see at least one problem.0 -
Somebody?s paying the taxes. Or maybe not. Easy enough to find out at the courthouse. 0 -
That sort of stuff happens around here.Someone dies and the family does not want outsiders on family property.The nice home sits empty until it falls in. 0 -
I would be all over that if it did not come with humidity. I agree 100K would likely take it. 0 -
He Dog wrote:I would be all over that if it did not come with humidity. I agree 100K would likely take it.
Pretty nice house, plus 60 acres. Doubt $100k would bring it home. IMHO.0 -
A woman with no apparent interest in the project, who has been paying taxes on it for 10 years? You don't think she'd leap at the chance to get out from under that and pocket a hundred Gs? 0 -
Are you sure the man is dead ?....have seen many times when money runs low or out and failure to complete is seen ahead the owners will take out another mortgage for completion from a different Bank but Banks will not loan on a house not dried in thus maybe the reason the house is dried in and the inside is not finished....the owner got what cash he could out of this failure and walked out with a little cash in his pocket after his overload went kaput . I'd say some bank (maybe 2 banks) owns it and are keeping the taxes paid and Banks don't get in a hurry to recoup, it's money sitting on a backburner, to them them a potential profit maker more than the loan would have.0 -
You might be surprised. We bought an old house from a guy that got in financial trouble. The bank was about to foreclose. My wife started negotiating and after much rigmarole, we bought it for about half the assessed value.KenK/84Bravo wrote:He Dog wrote:I would be all over that if it did not come with humidity. I agree 100K would likely take it.
Pretty nice house, plus 60 acres. Doubt $100k would bring it home. IMHO.
We found that this bank didn?t have a set process for disposal of delinquent property. They were just going to write it off until the county took it for back taxes.
I did a lot of work to it and we sold it for a profit.0 -
I see one structural problem with this house. It is built on a slab. That is a gateway for termites to get into the studs.
What can you do to keep the termites out.
I do think you could get this place for a hundred Grand, that is where I would start if I were trying to buy it.0 -
Termites ......... oh yes, they do live in the southern states I guess. 0 -
KenK/84Bravo wrote:He Dog wrote:I would be all over that if it did not come with humidity. I agree 100K would likely take it.
Pretty nice house, plus 60 acres. Doubt $100k would bring it home. IMHO.
The girlfriend has nothing in it. I am betting 100K would rock her world and you would own 60 acres of forested mountain (well little SE mountain) near Allen Griggs. What could go wrong?0 -
He Dog wrote:KenK/84Bravo wrote:He Dog wrote:I would be all over that if it did not come with humidity. I agree 100K would likely take it.
Pretty nice house, plus 60 acres. Doubt $100k would bring it home. IMHO.
The girlfriend has nothing in it. I am betting 100K would rock her world and you would own 60 acres of forested mountain (well little SE mountain) near Allen Griggs. What could go wrong?
I have to admit, owning that much forested land w/house, is extremely attractive. Prior Carpenter/finish Carpenter. I could finish it off.
I would have to sell my current house, on 3 acres, in order to do so. Not likely. Would be nice though.0 -
Good way to get shot snooping around someone else's property, and house. Regardless of what you think, that property is not free entertainment for strangers to explore. Even if the owner stopped making payments, a bank/mortgage company owns it.
If YOU don't own it,..... and it's not public lands,....it's not yours, and you have no business being there. Pretty simple really.0 -
Marc1301 wrote:
If YOU don't own it,..... and it's not public lands,....it's not yours, and you have no business being there. Pretty simple really.
It's amazing how many people don't or can't grasp that.......I own a few tracts of land that no one lives own (well posted too) and have to run unknown people off almost weekly and the properties are no where near any so-called "public" land. When I ask them if they're interested in buying everyone has said no ??? that ends the discussion right then....I tell them they get 30 seconds before my doorknob hits their asses :shock:0 -
I showed you a photo of the entrance gate and the driveway. It is obvious that nobody has been up there for 8 years, because the saplings growing all over the driveway are 8 or 10 years old.
My God I am wracked with guilt, now that you have busted me, as a trespasser. I think you ought to call the Madison County Sheriff and turn me in. Do society a favor.
Since nobody has been up there for 8 years there is little chance of getting shot. I did see a squirrel giving me some dirty looks, and come to think of it he was foaming at the mouth a little, he might have had rabies.
By the way, y'all are assuming that the land is posted. It is not posted.
But if you have any more good legal advice, or self protection advice for me, please fill me in I am all ears.0 -
Maybe you wanted to check it out possibly thinking about making an offer since its close for you. Could be a great investment. Not like you were vandalizing and looking to steal something. I have all my land well posted and don't want any trespassers or poachers, but it sounds like you were just checking the place out. No harm, no foul IMO. Just my .02 :arrow: 0 -
Land has to be "posted" to prevent trespassing?
Should I get some signs for my back yard?0 -
Everybody relax. I called.
Cops should be there soon. Allen, you might want to put your dog inside.0 -
First:
Check tax records at courthouse;
Who owns it
Are taxes current
Are there outstanding liens on it from the contractors
Is it available to 'take assignment' on
Is it headed to tax auction
All can be answered at the courthouse.0 -
In Virginia, it needs to be posted or you have to tell the person not to enter. At least that?s the way it was in 1971 when Mary Ellen?s dad caught me...US Military Guy wrote:Land has to be "posted" to prevent trespassing?
Should I get some signs for my back yard?0 -
I think Allen is looking for a nice new neighbor and he has plenty to choose from here on the Forum. 0 -
jimdeere wrote:
In Virginia, it needs to be posted or you have to tell the person not to enter. At least that?s the way it was in 1971 when Mary Ellen?s dad caught me...US Military Guy wrote:Land has to be "posted" to prevent trespassing?
Should I get some signs for my back yard?
What did he catch you doing?
:shock:0 -
US Military Guy wrote:jimdeere wrote:
In Virginia, it needs to be posted or you have to tell the person not to enter. At least that?s the way it was in 1971 when Mary Ellen?s dad caught me...US Military Guy wrote:Land has to be "posted" to prevent trespassing?
Should I get some signs for my back yard?
What did he catch you doing?
:shock:
Trespassing. Probably on Mary Ellen.0 -
he might have had rabies
He would fit right in around here.0 -
montanajoe wrote:First:
Check tax records at courthouse;
Who owns it
Are taxes current
Are there outstanding liens on it from the contractors
Is it available to 'take assignment' on
Is it headed to tax auction
All can be answered at the courthouse.
Title Search.0
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