Monday, March 22, 2010

Marin Mobile Home Park Sizzles with Buyers: Another "Bidding War" Erupts!!

MARIN VALLEY MOBILE COUNTRY CLUB IS VERY POPULAR FOR SENIORS

With a view of the San Pablo Bay, seniors in Marin County may live comfortably in Marin Valley Mobile Country Club.
This is a very popular senior park in Novato. The park is owned by the city, which is why the space rent is very low ($550 per month). Considering the quality of this park, and the bay view, the monthly lot rent is extremely desirable for fixed-income seniors.
In fact, this one of only two senior parks in all of Marin County that I'm aware of.
Most of the MH's in this park are the original MH's from the early 70's when the park was built. I'm working on a possible loan now for buyers making an offer for a double-wide built in the early 70's.

ANOTHER BIDDING WAR ERUPTS!!
My customers are making an offer and are competing with a few other people submitting offers this weekend for the same home.
Asking prices are pushing $100,000, and according to my appraiser, prices are "ON THE RISE".

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