Somebody I know is selling a shed for $200,000+

How much land, and where?

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Here's the listing: https://www.coldwellbanker.com/va/bumpass/123-plum-tree-cir/lid-P00800000GOgAeJSbmqGcg9vT9KiGUwuaVQwfqdI

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- I like the sofa opposite the bunk bed, nothing better than watching people sleep.
  
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- Is that "bump ass" or "bum pass?"
  
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One acre. By a lake. But I still feel it’s ridiculous. I hate the idea of what’s market value. To me it’s what is decent as a human being.

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- Somebody you know is selling an acre of land on a lake, not a shed. This land is probably worth that much with no improvements at all
  
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- One acre by WHAT lake? This looks like a fucking bargain compared to a lot of places. Lakefront property is highly sought after everywhere.
  
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- Land where I live runs about $1M/acre.
  
  Decent’s got nothing to do with it.
  
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- 80% of that value is in the land, assuming the lake is somewhat desirable to live by. 1 whole acre?? These are 2013 prices
  
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- It's funny. I'm on vacation in a primarily summer destination, and my wife and I checked out some lake properties in zillow. She thought I was nuts when I said a house we saw was probably a cool mill. Found properties listed for up to $4m. Property values are bonkers.
  
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🫤✋ Shed
😀 👉Tiny House

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On how many acres?

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1

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Town close to me has 800sq foot sheds for $237k

It's a tiny home on 1/5 an acre.

Insanity

I'm in middle Tennessee.

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That would seem nuts except middle Tennessee is Nashville area? And it seems like the corporate overlords aren't buying things up there. That would be 700-800k where I live, and I'd buy it if the interest rates were lower.

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Looks like a great shed TBH.

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Someone will probably buy it to make it an Airbnb "getaway cabin" at way too much $ per night.

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- With a mild $999.99 cleaning fee 🧹🧼
  
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- Probably already is. Looks insulated and has electric.
  
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I dunno, 28 photos could mean 28 sheds... And that first shed is pretty nice...

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Location location location

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1.02 Acres

123 Plum Tree Cir, Bumpass, VA 23024

https://www.zillow.com/homedetails/123-Plum-Tree-Cir-Bumpass-VA-23024/226282047_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

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this is a steal in vancouver there would be a 1 in front of the 2

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Lol everyone posting is normalizing the land price because it's near water. Like they don't see that it's an artificial metric that can and does change with the wind and only stays high because rich people, and those wanting to be rich, keep up the charade.

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Is it normalizing? Or just pointing out how things are today?

It's possible to describe reality without approving of it.

I don't like that lakefront property is so expensive, but it surely is. I've been casually looking for years and I don't know if I'll ever afford it. And the headline is complaining about a shed selling for $225k when it's pretty obviously the land and lakefront access that comes with it that is selling for that amount. The structure is a throw in and there's a good chance whoever buys it simply demolishes it to build what they want.

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- Yes it's normalizing it. You're doing it in your comment talking about what's obvious about the value.
  
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It's only artificial until someone buys at that price, then that price is a real measure of how much money someone in the market was willing to spend at the time they bought. Other market participants observe this behavior and adjust their own pricing expectations accordingly. There's nothing magic or artificial about this, it's supply and demand.

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- Oh sure. Shelter is just another commodity like an iPhone or gum...
  
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Throw in an extra 60k and you get a 3 room apartment in the center of Tallinn with a balcony and a view across the whole city.

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Please link, will buy.

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- Looks like the 3 room one was bought and prices went up a bit but here's a 2 room one: https://www.kv.ee/muua-2toaline-korter-2018-aastal-valminud-skyline-3536689.html
  
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there are many American cities where you can buy a 3 bed house for that price (Eg Atlanta)

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- Tallinn is the capital so that's where the prices are highest here.
  
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I know someone who is selling a pretty central two-room appartment in Tartu for 133.000€. And depending on the district, I'd personally rather live in Tartu than Tallinn. 🤔

The prices in Estonia have gone up like crazy these past few years.

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I have questions. Are they known for bad decisions? Do you actually get land the shed is on?

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Yeah it comes with land

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- Ah OK, yeah, then depending on location, this would be normal where I am too. Sadly.
  
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- Yeah you have it the other way around. The shed comes with the land, which is desirable. Imagine how much a completely undeveloped acre in/right next to a major city would go for? Location location location
  
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Can you call it a shed if it has a minisplit? If that is a heat pump model then it makes my house look like a Trash-Co waste disposal unit.

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Imagine escaping reality to your very own private, adorable, and furnished lake house at Lake Anna, VA. Surrounded by lush green trees on a one acre lot, this well-maintained water access cottage is just a short walk from the lake, where you'll find your own deeded boat slip. Ideal for weekend getaways to enjoy boating, fishing, or just a few days of quiet peaceful solitude. Spread out inside in the spacious living room / bedroom combo, where you'll find quality LVP flooring throughout, a full bathroom with shower and plenty of storage space, and a convenient kitchen with refrigerator and microwave.

No stove, just a microwave. I think I'll pass. Lol

Imagine microwaving your tv dinner in your very own, private, affordable?, and furnished lake shed!

edit: i copy and pasted that above from the website (the quote).

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"Plenty of storage" bitch, that used to be all storage!

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- Bahahaha 🤣
  
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I haven't seen anyone say this, so in case anyone doesn't know. If the land is worth 200K and has no dwelling, it's much harder to finance that. You either need a builder/developer loan with plans to build within a specific timeframe. Or, you need some other means to finance.

A bank won't give you a mortgage for land. Land, while having an intrinsic value is worthless to a bank. But land with a shed in which you can poop is worth something. No idea why, but that's at least one perspective.

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Most often the case, depending on location/us state whatever system installed for pooping in that shed is a health code liability and therefore a financial burden.

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