We currently have 2 houses in East Montclair and want to either sell or rent them and then build on the golf course. We have heard mixed reviews and don't want to end up with a dud of a property that we can't get rid of in 10 years. We are just curious if being on the golf course will help keep or inflate our home value.
Based on a quick search of a website for a property located on dunkirk Way in GVR here is what they estimated median price to be for that type of house in GVR. Obviously this is not a Golf Course lot. Hope this answers your question.
3 Months 6 Months 12 Months 24 Months 5 Year 10 Year
Median Sale Price 160,000 158,000 168,000 189,000 205,000 205,433
It would be in your best interest to find a professional REALTOR who knows how to research, has resources and information that is pertinent to your situation.
If you have additional questions feel free to contact me. Best wishes in your future endeavors
Bill
I believe that, once the foreclosure situation stabalizes in that area, it will do OK. Property values throughtout GVR have not done well over the past few years, but the area is pretyy saturated with a bunch of foreclosures.
On the golf course question, owning on a golf course does not always assure success and appreciation. It depends on the course, the designer, the area of town, and other real estate related issues.
I can send you comps for the area, list vs. sale price, days on market, etc. which might give you an idea about the current market, but not necessarily where the market might be headed.
Chuck Strauss
720-318-7598
CStrauss@kw.com
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