This morning I got a phone call from a guy wondering about Homes in Nibley for less than $50,000. His friend had told him that due to the bad economy, there were nice, well built, “repod” homes for sale in Nibley for less than $50,000.
Unfortunately this just isn’t true. Not sure where his friend got his information from. In the last three years there haven’t been any homes in Nibley that have even sold for less than $100,000. The closest was a 2 bedroom, hundred year old farm house on the highway that sold for $100,750 two years ago.
Of the current Nibley homes listed, the least expensive is that same hundred year old 2 bedroom Nibley Farm House; now its list price is $119,500. Nibley also has two bedroom Spring Creek Townhouses that are listed for $119,900.
Yes, occasionally real estate in Cache Valley is priced around $50,000. But it’s going to be either a mobile home without land (not actually real estate), meth-house, or complete fixer upper. Also, Mt. Aire Garden Condos can sometimes be purchased for close to the $50,000 range, one sold for $64,000 last year.
Last Year a 3 bedroom Meth House in Smithfield sold for $69,900, a strange 780 square foot green pre-foreclosure twin house sold “as is” for $49,523, and an 1894 built home in Richmond sold “as is” for just $40,000.
So while it is possible to get homes for around $50,000 in Cache Valley, these properties aren’t going to be quality “nice homes.”
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