140K!!! YIKES!! That's a pretty healthy mortgage payment, especially for something that size. Or maybe you didn't spend that much and were just speaking in general. I purchased my house about 5 months ago. It was my grandparents house originally, my grandfather built it in 1961. He passed in 1983 and my grandmother just passed in April 2003. I got the house with a 2nd lot for about 25k UNDER asking price. Talk about free equity! My 980sq ft house with full size walkout basement is sitting on 1.3 acres, and I paid 65k
Shows what a difference in location makes on property value.
Mark
