Can We Live On Winni for $450k?

[marinewife]

Originally Posted by pressman247

8 Cathy Lane in Alton...
Just came on today.
4657547 is the mls number...

checks a lot of boxes for around $400.
Boat dock.
Beach.

A quick search of 8 Cathy Lane in Alton shows the owner bought this home in April of this year (2017) for 157k, lives in MA, did some renov, and is asking way more than the town is appraising it for. I guess it pays to buy low, do the work, and sell high.

[joey2665]

Originally Posted by marinewife

A quick search of 8 Cathy Lane in Alton shows the owner bought this home in April of this year (2017) for 157k, lives in MA, did some renov, and is asking way more than the town is appraising it for. I guess it pays to buy low, do the work, and sell high.

In theory yes but the house is not sold and we do not know how much was invested in the renovation as a result we do not know if this particular investment paid off.

[Doobs41378]

Originally Posted by marinewife

A quick search of 8 Cathy Lane in Alton shows the owner bought this home in April of this year (2017) for 157k, lives in MA, did some renov, and is asking way more than the town is appraising it for. I guess it pays to buy low, do the work, and sell high.

Isn't buy low sell high the goal with most things? Can't fault them for trying. The market will determine if it's justified.


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