Value of a mobile home
Looking at buying a mobile home currently on a lot in a rv park. The park manager has no issues with the mobile being rented out.
This lot is owned not rented. I used NADA and got a value on the mobile, it's a 2007 model. There are currently a few lots for sale in the park and I know what they are going for.
Would a fair offer for this place be land value plus nada value for the mobile?
This park is in a small town and I really can't get any comps. The area sales are few with some mobiles in the park being sold on rented lots and others being new mobiles or older mobiles.