Unloved and underappreciated

1 Reply

Wandering around the Internet, I came across two multi-family properties located next to each other.

One is a 2-door, built in 1900, 1,893 Sqft, 0.6 acres, priced at 235,000

The other is a 4-door, built within the past 50 years, 3,500-4,000 Sqft,  2.5 acres, priced at $129,000.

Why such a difference in pricing?  The first property is a duplex and the second - an MHP.

https://www.movoto.com/livermore-me/851-federal-rd-livermore-me-04253-950_1337647/
https://www.mobilehomeparkstore.com/mobile-home-parks/919647-round-pond-mhp-for-sale-in-livermore-me

It stands to reason that either MF properties are overpriced or mobile homes underpriced or both.


@Alex G. one is on a lake. That is going to increase the value a lot. People can ask whatever they want. Asking price is not necessarily near true market value.

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