So my wifes late dad owned a few properties up north in michigan. One was his primary residence, like 2500 sq ft house, 3 huge outhouses for storage on 22 acres in the middle of but fuck egypt woods surrounded by state land. Nice place but too big to keep as a summer place. Its a 2 story house, finished walkout basement and just too huge to run and operate in the winter as its in the snow belt. So were selling that place. he bought it in the 90s for about $200K, but its now worth about $150, fuck Obama.
But her late dad and his brother own another place a bit south of there, 2 acres, and it has a trailer on it. It was their first place they got in the early 80s as a summer place/hunting lodge. But its a nice trailer that they hooked up over the years to be like a hunting lodge, added additions to, insulated and done up with all metal roof and siding. so its like 3 bedrooms, huge ass bathroom, and a nice living and kitchen space with a dining area. Plus it has 2 huge 30x40 outhouses to store all the shit in like snowmobiles, tractor, boat, dirt bikes, tools, they even have 2 souped up golf carts up there to ride the trails with. Its also surrounded by state land and trails galore, plus its right by Houghton lake. Its inside of a little community of maybe 20 or so places like ours, all pretty much 2 acre parcels all surrounded by state land, heavy hardwood and pine forest. Perfect summer/winter weekend getaway.
So her uncle, her late dads brother, told us he has no interest in this place anymore and wants to sell (both his brothers lived up there full time after retirement and they are both dead now). So were considering buying his stake out. just to keep it in the family, let the next gen enjoy it, pass it down to our kids after were dead. He says the place is worth about 50K and we already own 1/2 of it because of her dad. So 25K for a sweet up north place about 3 hours away? Does not sound bad. Operating costs would be propane, minimal electric to run well pump and lighting, and minimal taxes of about $1K per year.