I noticed one of these has hit the market with an asking price of 450k. It appears there has been a comp in that range. I know most of these hit the market after foreclosure in 2013 for around 315k. Nice profit potential for the seller.
I have seen a number of similar townhome projects in the area with the flat roof. One was unfinished for a long period of time in Blue Mountain. Does anyone know who built them and is the construction quality up to par? I like the basic look of the units but I am very concerned they may be built shoddy and wonder if they have problems with the flat roof terraces leaking?
Thanks in advance
Replies
3
SWGB
Flat roof = problems
Keep looking is my best advice. Especially since most of those sat empty and partially finished after the boom. I believe the bank actually extended loans just to get them weathered in, but I'd still be leery of those.
Originally built by fly-by-night contractors from Tennessee.
Keep looking is my best advice. Especially since most of those sat empty and partially finished after the boom. I believe the bank actually extended loans just to get them weathered in, but I'd still be leery of those.
Originally built by fly-by-night contractors from Tennessee.
Beach LoverAuthor
Thanks. I have always said flat roof is a no no and I assume it still holds true. Particularly, one that gets walked upon.
Beach Lover
Very good intel. Thanks Local.
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