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How can this be priced so low?


               
2011 Apr 29, 2:29am   5,485 views  17 comments

by tclement   follow (0)  

$795K - 5 Bedrooms, 6 Baths, built in 1797 with a mile of river frontage + 83 acres in Vermont. I lived in Vermont for 4 years and it was beautiful. What am I missing? http://www.liondavis.com/find/Jericho_VT_LMS149.php

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12   MarkInSF   @   2011 May 1, 8:40am  

25 minutes from Burlington? Doesn't seem that odd. You live out in the middle of nowhere, land is cheap.

Who cares that it was the home of the first governor? I used to live in the home that formerly belonged to one of California's Senators back in the late 1800's. Massive old place that had been converted into a 3 unit rental. Beautiful to look at, but kind of run down with old plumbing and wiring.

BTW, from the interior pictures, the place may be staged. Ignore the furniture and the romantic narrarative they are trying to sell you on, and look with fresh eyes.

As an aside, I spend a week in North Westminster (I think it was?), where my girlfriend's family had a summer home. Really a breathtakingly beautiful place in the summer time.

13   terriDeaner   @   2011 May 1, 4:22pm  

xenogear3 says

If you buy this house, the price will stay flat, plus all the maintenance cost for 10+ rooms.

If you buy a bay area house, the price will guaranteed double in 5 years.
Plus it is less than 1000 square feet, so less maintenance cost.

Sell the sizzle, not the house!!!

MarkInSF says

25 minutes from Burlington? Doesn’t seem that odd. You live out in the middle of nowhere, land is cheap.

Rural yes, but in the middle of nowhere??? 2 hours to Montreal, 3 to Boston, and just east of the Adirondacks. Sounds pretty sweet to me.

MarkInSF says

BTW, from the interior pictures, the place may be staged. Ignore the furniture and the romantic narrarative they are trying to sell you on, and look with fresh eyes.

I think it would look better without all of the cheesy staged furniture. Take a closer look at the custom, built in features and historical architectural details throughout.

MarkInSF says

Who cares that it was the home of the first governor? I used to live in the home that formerly belonged to one of California’s Senators back in the late 1800’s. Massive old place that had been converted into a 3 unit rental. Beautiful to look at, but kind of run down with old plumbing and wiring.

Sounds like it wasn't well taken care of. Very common in my experience with Bay Area real estate as well. I've also noticed much poorer construction in many older houses here than in other areas with harsher climates. Earthquakes aside, my suspicion is that lower quality construction persists here because of the milder climate. Poorly built houses just doesn't survive as long in places with harsher winter weather.

14   tclement   @   2011 May 4, 9:05am  

My guess is that it's a money trap. But really, isn't it startling how much you can get for so little when you're not paying for proximity to SF or the silicon valley. By the way, I lived in Vermont (Middlebury) for 4 years of college, and it was absolutely awesome. As my friends in Alaska say, "there's no such thing as bad weather, just bad clothing."

15   FortWayne   @   2011 May 4, 2:20pm  

everything looks cheap compared to CA and NY. It's cheap because you probably would have to pay someone to live in VT next to polar bears.

16   CaliforniaGray   @   2011 May 4, 2:23pm  

Having grown up right next door, I can tell you that acerage in that are is very cheap relative to major cities. Further, it's not terribly expensive to build a big house. This place may well be over-priced!

17   terriDeaner   @   2011 May 4, 3:26pm  

tclement says

But really, isn’t it startling how much you can get for so little when you’re not paying for proximity to SF or the silicon valley.

Agreed.

tclement says

As my friends in Alaska say, “there’s no such thing as bad weather, just bad clothing.”

Agreed, but I suppose I'd say, "there's no such thing as bad weather, just as long as you're sporting thermal underwear".

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