Posted by Dr. Craig WhislerCA NV on September 12, 2003 at 14:07:09:
You didn’t tell us where it is located. We don’t have enough information to even guess if we live nearby. Incidently, where is nearby? When it comes to values the three most important factors to consider are: Location, Location, Location. Determining value is pretty much a local matter. We can’t give you a good answer, unless its located in our own towns. You need to look at a lot of local properties (50-100) and learn to determine value for yourself. NOONE can do this for you and do it well. Mobile home blue books are virtually worthless for this purpose. If you want to flip it though, just fax it to me, here in California and I’ll pay you double the asking price for it. That would be a bargain in my area but could be overpriced where you are. I wish there was some magic bullit we coud give you but there are just not many shortcuts when learning property values except pounding the pavement and asking a lot of price questions.
As to how many mobile homes you can put on the property (I assume you meant legally—right?), that would be a matter to ask your local building and planning department or zoning agency. Once again this is a matter that is determined locally.
I hope I answered your questions, even though I don’t know the answers.