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Real Estate Question

 
TISX
 TISX
(@TISX)
Active Member

I was trying to figure out about how much one would have to spend to purchase a house on a hill with expansive views using MLS. Unfortunately, "view" is not a search function. So, about how much would a 1000 to 1200 sq foot house cost up on a hill with nice sea views? Thanks.

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Topic starter Posted : January 20, 2011 12:25 am
Exit Zero
(@exit-zero)
Trusted Member Registered

Which Island ?? Big difference between them -- also just a view? The construction is at least as important - the neighboring homes can easily raise or lower the value as well.
You don't mean buying a house online from MLS - sight unseen ---- do you??

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Posted : January 20, 2011 2:20 am
TISX
 TISX
(@TISX)
Active Member

Which Island ?? Big difference between them -- also just a view? The construction is at least as important - the neighboring homes can easily raise or lower the value as well.
You don't mean buying a house online from MLS - sight unseen ---- do you??

Sorry, st. croix. And no I would never buy a house without looking at it. Just trying to get an idea of what a well constructed house, with decent neighboring houses, with a nice view would cost.

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Topic starter Posted : January 20, 2011 3:15 am
Jumbie
(@ohiojumbie-2)
Trusted Member

My opinion only TISX, but given your description of what you are looking for on STX, (1000-1200sq ft/expansive sea views, well constructed, w/similar quality neighboring homes) probably would cost at least $600,000.

Jumbie -STX

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Posted : January 20, 2011 10:21 am
stxem
(@stx-em)
Trusted Member

There are some houses like that on the West End in nice neighborhoods from 350,000 upwards.

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Posted : January 20, 2011 10:26 am
Edward
(@Edward)
Trusted Member

TISX,

There are many good real estate agents here on St. Croix. Some are members of this forum. Perhaps they will send you a PM with details.

Here is one report I just received this morning: http://www.american-virgin-islands.com/Team_Times_Market_Report.htm

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Posted : January 20, 2011 10:58 am
Ca. Dreamers
(@ca-dreamers)
Advanced Member

I appears to us prices are starting to soften. For us, it a wait.

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Posted : January 20, 2011 4:48 pm
bjears
(@bjears)
Advanced Member

I will agree prices have soften some what, wouldn't wait too long. Depending what the weather brings, next fall it will be up, major storm down, As the US economy continues to recover, we are a good 9 months behind. The only deals here are people that over extended or have no choice do to other things like age, etc, We are on STX things vary on STT or St John now has come out of The Twilight Zone on some properties. MHO - Bob

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Posted : January 20, 2011 8:05 pm
Alexandra
(@Alexandra)
Trusted Member

Prices are nearly as low now on STX in many housing categories as they were when I moved here in 2003. Between 2003-2007, many condo and home prices doubled or nearly so. There are just about twice as many properties on the market now as there were 5 years ago and that has seen a decline occurring in the previously inflated prices.

With that said, there have never been many properties in the lower/affordable price range and that remains true today. A view definitely adds substantially to the cost. With the smaller house size you've inquired about, if you keep close watch for new listings and are prepared to jump on one when you find something you like has just come on the market, there are sometimes good deals to be found. Most hillside villa type homes will be larger and/or include a guest quarters of some kind, which increases the overall listing price you should expect to see.

While most homes with an awesome view will indeed cost you upwards of $600K, there are occasionally new listings in the $350K-$450K price range. There are also some fixers from time to time that can be bought more affordably if you have the skills, cash, and patience to bring them up to living standards. (I have a waterfront house priced very affordably right now at $290K because it needs some work done, for example. Even if someone puts another $100K into it, that's a great deal on a 1600 sqft w/f home with 2-bdr, 2-bth and a 2-car garage! Sandy beach, too. So deals do happen.)

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Posted : January 21, 2011 11:50 am
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