If you could own a second home/property...

33,369 posts 122 reps Joined Nov 2009
Tue, Jul 14, 2020 3:28 PM
posted by justincredible

The river looks awesome.

It’s fantastic. Not sure what type of fishing you prefer, but the forest fire in the 80s took down a lot of trees near the banks, but didn’t burn them. So now they are sweeps that create fantastic fishing pools on the opposite side of the current. Natural damns, so to speak.

Deepest it really gets is just over waist. Obviously a few exceptions. Never freezes, as I mentioned, which makes winter time much more beautiful and can still fish.


justincredible Honorable Admin
37,969 posts 220 reps Joined Nov 2009
sportchampps Senior Member
7,527 posts 33 reps Joined Nov 2009
Wed, Mar 24, 2021 11:49 AM

In laws just bought this place...


https://www.trulia.com/p/ky/nancy/641-beechwood-dr-nancy-ky-42544--1150212093

justincredible Honorable Admin
37,969 posts 220 reps Joined Nov 2009
Wed, Mar 24, 2021 11:55 AM
posted by sportchampps

In laws just bought this place...


https://www.trulia.com/p/ky/nancy/641-beechwood-dr-nancy-ky-42544--1150212093

sportchampps Senior Member
7,527 posts 33 reps Joined Nov 2009
Wed, Mar 24, 2021 12:06 PM

They got really lucky bought a condo in Colorado in like 2014 for about 175k. About a month ago someone offered them 600k for that condo. So they sold the ski house and bought a lake house. 

iclfan2 Reppin' the 330/216/843
9,465 posts 87 reps Joined Nov 2009
Wed, Mar 24, 2021 12:12 PM
posted by sportchampps

They got really lucky bought a condo in Colorado in like 2014 for about 175k. About a month ago someone offered them 600k for that condo. 

Woah. That house is pretty sweet.

thavoice Senior Member
15,437 posts 41 reps Joined Nov 2009
Wed, Mar 24, 2021 12:15 PM

Absolutely at a lake, no more than 3 or so hours away that one could hope on over quickly and on a whim,

33,369 posts 122 reps Joined Nov 2009
Wed, Mar 24, 2021 2:20 PM

Do they own the property up until the water? First thing I noticed is not only no water access, but doesn’t appear to be much of a view either? That’s a lot of coin to spend if you can’t clear/chop down 70% of those trees. Next question is the local laws on building a deck...?

sportchampps Senior Member
7,527 posts 33 reps Joined Nov 2009
Wed, Mar 24, 2021 5:07 PM
posted by Laley23

Do they own the property up until the water? First thing I noticed is not only no water access, but doesn’t appear to be much of a view either? That’s a lot of coin to spend if you can’t clear/chop down 70% of those trees. Next question is the local laws on building a deck...?

They own most of the land (until about 10-15’ from the water) but there is no water access anywhere on Lake Cumberland. There is a path (right beside the house with a parking lot) for the neighborhood that you can easily take a kayak and rafts in but that’s about it. There’s a community dock about 5 mins away we will use for a jet ski and then they will have a boat docked about 20 mins away. Luckily the boat dock is pretty cheap only about 2k for the whole year. They plan to add a pool in the backyard next year. 

They got the house for a good price because it needed sandblasted and stained which is going to cost about 70k to get all the black off the wood. 


33,369 posts 122 reps Joined Nov 2009
Wed, Mar 24, 2021 7:35 PM
posted by sportchampps

They own most of the land (until about 10-15’ from the water) but there is no water access anywhere on Lake Cumberland. There is a path (right beside the house with a parking lot) for the neighborhood that you can easily take a kayak and rafts in but that’s about it. There’s a community dock about 5 mins away we will use for a jet ski and then they will have a boat docked about 20 mins away. Luckily the boat dock is pretty cheap only about 2k for the whole year. They plan to add a pool in the backyard next year. 

They got the house for a good price because it needed sandblasted and stained which is going to cost about 70k to get all the black off the wood. 


Gotcha. I’d assume if they wanted to clear a little bit for a view, they could. 10’ is pretty close, and anything down there probably isn’t growing quite as tall after the bank goes down.

My grandma had a place on the Maumee river and got a great price on it because it was completely overgrown. She cleared it out of brush and lower branches keeping a decent amount of trees. So, so much better now. 


thavoice Senior Member
15,437 posts 41 reps Joined Nov 2009
Fri, Mar 26, 2021 9:58 AM
posted by sportchampps

They own most of the land (until about 10-15’ from the water) but there is no water access anywhere on Lake Cumberland. There is a path (right beside the house with a parking lot) for the neighborhood that you can easily take a kayak and rafts in but that’s about it. There’s a community dock about 5 mins away we will use for a jet ski and then they will have a boat docked about 20 mins away. Luckily the boat dock is pretty cheap only about 2k for the whole year. They plan to add a pool in the backyard next year. 

They got the house for a good price because it needed sandblasted and stained which is going to cost about 70k to get all the black off the wood. 

Having a dock at the like would be a game changer.  When I got my new boat last summer I got to use that dock for the rest of the year, (8 weeks) and having it 100 yards away made all the difference in the world in wanting to hit the lake.   No longer the hassle of putting in and taking it out each time. Do have a channel 150' away that I can keep it for a few days at a time but not something I want to do all summer.


Had to get into the state dock lottery this year and will know 1 April but they are saying this is a record year of people in the dock lottery and they have no idea how many are available until 31 March when the deadline is to renew from the previous year.

Did hedge my bets and got a private one, for a bit more than the state dock, just in case because they are in very high demand.

Last year was a record year in boat sales at the area marina's and that will likely mean even tougher time getting a dock this year.


sportchampps Senior Member
7,527 posts 33 reps Joined Nov 2009
Fri, Mar 26, 2021 11:19 AM
posted by thavoice

Having a dock at the like would be a game changer.  When I got my new boat last summer I got to use that dock for the rest of the year, (8 weeks) and having it 100 yards away made all the difference in the world in wanting to hit the lake.   No longer the hassle of putting in and taking it out each time. Do have a channel 150' away that I can keep it for a few days at a time but not something I want to do all summer.


Had to get into the state dock lottery this year and will know 1 April but they are saying this is a record year of people in the dock lottery and they have no idea how many are available until 31 March when the deadline is to renew from the previous year.

Did hedge my bets and got a private one, for a bit more than the state dock, just in case because they are in very high demand.

Last year was a record year in boat sales at the area marina's and that will likely mean even tougher time getting a dock this year.


Yeah they originally wanted somewhere with lake access but Cumberland doesn’t offer that and most big lakes were either to far away or didn’t have any properties for sale. They had to hurry and buy something because of the tax rules.


kizer permanente Senior Member
1,309 posts 15 reps Joined Aug 2017
Fri, Mar 26, 2021 9:49 PM
posted by sportchampps

In laws just bought this place...


https://www.trulia.com/p/ky/nancy/641-beechwood-dr-nancy-ky-42544--1150212093

I feel like that should cost more than that  


thavoice Senior Member
15,437 posts 41 reps Joined Nov 2009
Tue, Mar 30, 2021 11:21 AM
posted by sportchampps

Yeah they originally wanted somewhere with lake access but Cumberland doesn’t offer that and most big lakes were either to far away or didn’t have any properties for sale. They had to hurry and buy something because of the tax rules.


Never would have guessed that so many people were hard up during this pandemic with how hot boat sales and the real estate market is for lakefront properties!

Verbal Kint Senior Member
1,062 posts 16 reps Joined Jul 2017
Tue, Mar 30, 2021 12:11 PM
posted by thavoice

Never would have guessed that so many people were hard up during this pandemic with how hot boat sales and the real estate market is for lakefront properties!

Getting rid of cash due to inflation


Automatik Senior Member
15,737 posts 95 reps Joined Nov 2009
Tue, Mar 30, 2021 12:25 PM

Real estate in certain places is booming. I've been casually browsing properties in Summit/Eagle County, CO, insanely competitive.


Oh you have, 50k to put down? That's nice, next guy just dropped 90% cash. It's absurd. 

sportchampps Senior Member
7,527 posts 33 reps Joined Nov 2009
Wed, Mar 31, 2021 12:39 AM
posted by kizer permanente

I feel like that should cost more than that  


It needs sanded down and stained which doesn’t sound like much but is going to cost about 70k. It has several other little things that need done but it does seem like a steal. We met the neighbors last weekend and they said it cost the lady who had it custom built over 2 million


GOONx19 An exceptional poster.
7,413 posts 94 reps Joined Nov 2009
Fri, Apr 2, 2021 10:05 AM

Our next home will be a longer-term, larger place on the westside of Denver, but still near the city (we commute downtown and eastside). We're looking at a 4-6 year timeline. We'll keep our current home for a rental, and can probably get $2k/month pretty easily ($1300 mortgage). The subsequent home will be hopefully be something in Crested Butte, Telluride, or Big Sky, but it's probably 10-15 years away unless an investment really booms.

sportchampps Senior Member
7,527 posts 33 reps Joined Nov 2009
Fri, Apr 2, 2021 3:16 PM
posted by GOONx19

Our next home will be a longer-term, larger place on the westside of Denver, but still near the city (we commute downtown and eastside). We're looking at a 4-6 year timeline. We'll keep our current home for a rental, and can probably get $2k/month pretty easily ($1300 mortgage). The subsequent home will be hopefully be something in Crested Butte, Telluride, or Big Sky, but it's probably 10-15 years away unless an investment really booms.

Good luck in Crested Butte. The market is insane. My in laws bought a place there for 180k in 2014 and just sold it for 600k. With Vail buying the mountain the market went insane.


gut Senior Member
18,369 posts 101 reps Joined Nov 2009
Fri, Apr 2, 2021 6:58 PM
posted by iclfan2

Woah. That house is pretty sweet.

It looks like easily $1M+.  Nice bargain.  Just saw the other post that the previous owner had over $2M into it.  So, yeah, a steal.

Login

Register

Already have an account? Login