MHP question - Posted by Robert _WV

Posted by Robert _WV on March 08, 2006 at 07:13:04:

Does anyone know when a park is appraised by land value alone, what $ amount that plug in for each lot. Or an average ball park. Is it around $8K-$10K per lot. Any info would be appreciated.
I have a small 10unit MHP I own free and clear and was curious how they would determine value. I was thinking of using it as collateral for purchase of other property and the bank said they would do based on land value of park.