What is this garage worth?

[Pt_Ranger_V8]

Jim, that's only worth about 10-15K. Add in property, and it's maybe 25K all told.

Them asking 70-90K means they're looking at developer lots.

hard pass.

 

[adsm08]

*that probably has running water/sewer...

Depends. A few years back I was ready to offer $100K on a house that I didn't know if the water or sewer worked at all because there was no electrical service so the well pump couldn't be run.

The bathroom needed some work and the floor needed a large repair, probably would have needed a roof by now too, but I liked the place. I liked it a lot more than I do the place I ended up with, but it went under contract the day before I was going to call the bank. Win some, loose some I guess.

 

[ratdude747]

This is admittedly in an area of PA where property values are low, but one of my buddies was looking at a house a few years ago, two story, 2000 sq ft, 4 bedroom 2 bath, attached 1 car, detached finished 3 car with lift. $85K.

Holy ***!

And I thought a year ago I was lucky to get 1550 sq ft with a 1.5/2 car attached garage on 1/2 acre for $78k was doing well... I'm in city limits but it's a smallish city/large town. House is a 1962 house with most of the 1962 still in it (not good for property value, but good for not being hacked on).

There was a 3 bay shop with a house (yes, that order) that I did look at... it was on 2 acres and had a tiny 1200 sq. ft house. $125k asking price, newer (2002) construction. Had the house been more usable (with 2nd/3rd bedrooms that actually had more space than a f*cking nursery) then I probably would have jumped on it. Also saw a 1970's house with a 2 car garage and a detached shop... which wasn't road accessible (back yard in a subdivision), clearly for woodworking, no good for mechanic toys and metalworking ... it was in the 100K ballpark.

 

[91stranger]

YEP, keep looking. The right spot will come across if you stay adamant about it. Buy what you need, not what you want. You can always buy shop stuff or build a garage but you can't always find the perfect location.