MN guys...who's gonna pony up?

[Fine409]

Trophy Lakes Estates IV for sale:

 

http://www.cbburnet.com/property/details/2101572/MLS-4439229/Xx-Trophy-Lake-Drive-New-Germany-MN-55367.aspx

 

 

[GOODESkier]

That is one heck of a tax bill......... Understandably so, but I wouldn't want to be stuck with that yearly expense while trying to make money off the properties. You could get some snowmobiling done around there though.......

[A_B]

I thought Ohio tax was bad. That tax rate is pre-construction. Throw a $250k house on each lot and lot owners won't have gas money leftover!

Maybe why the project hit the skids?

[oldjeep]

Something looks really screwed up on that property tax amount. That is about 10 miles from my house and you don't pay 100K in property taxes even for a Million dollar house on lake Minnetonka.

[kurt]

wow ,the actual cost of the property is not bad but that tax is ridiculous . You would have to get it re-zoned to a more favorable zoning if 2-4 people bought it together

[oldjeep]

I assume that these were just lots for $175K

 

http://www.zillow.com/homedetails/853-Trophy-Lake-Dr-New-Germany-MN-55367/97491792_zpid/

 

Looking at their tax amount on an assessed value of 152K it makes me think that those are non homesteaded tax rates.

[oldjeep]

Also looks like the tax value has dropped in half for 2013.

View Larger Map

[klindy]

The taxes are probably several years accumulation - back taxes

[ForrestGump]

The city made a $1Million assessment to the original developer to recoup the cost of extending road and electricity to the subdivision. That might be where the tax amount came from.

[Razorskier1]

Complicated situation. I doubt they find a buyer.

[oldjeep]

@Razorskier1 - I agree just based on location. hard sell to get 30+ people to want to pay $$$ to move to New Germany to live on a ditch in the middle of a corn field ;) For anyone who has actually been there, what does it smell like in the spring?

[Razorskier1]

@oldjeep -- I ski there, usually only on weekends. Smells fine in the spring. If we get a really hot spell in late July it can get a little raunchy.

[oldjeep]

@Razorskier1 - so is it effectively a public lake right now, or do you know someone? From the google maps it looks like there is a pole barn and maybe 1 house on the lake - or are the aerial shots just out of date?

[The_MS]

The nice thing is that you are only about 1/2 mile to the T Road Tavern.

[Fine409]

@MS - my wife used to be a bartender there on the weekends. Fun bar!!

[RazorRoss3]

@razorskier1 is a member, and the only standing structure is a boat house with 2 boats, 3 rail systems, and powered by a generator. Unless the twin cities and the suburbs expand west in a hurry you would be hard pressed to see people move put there any tine soon I think.

[xrated]

hmm an open pond in the middle of a corn field....anyone have the power to grant access for goose and duck season?

 

[Jdubs]

Just curious about how many slalom courses / ski jumps are on the other 10,000 lakes. Given the lay of the land, MN would not seem worth it to pay a premium when there is so much other lake access.

[The_MS]

@jdubs you need to be on a swamp or have a submersible. Getting a permit for a submersible is almost impossible. I used to live in range of 20 or so lakes and 2 had courses but you would have to pick and choose the prime time to ski due to traffic.

 

I think that TLE4 in New Germany is zoned residential and sewer/power/water must be added to the project before any homes could be built. Jack may know more.

[oldjeep]

@jdubs - 4 that I know of on public lakes within 15 miles of my house and that isn't counting the Quarry, which is private. The trick is that most of them belong to clubs and you need to know the magic handshake to get them to rise and find out that they even exist. You do compete with the other lake traffic, so they are generally early morning/evening type use.

 

 

 

[Razorskier1]

@oldjeep -- Private ski site with a group of owners plus the bank.

[thager]

@MS Going the submersible route was the only way I could get my permit.

[6balls]

Great ski club site, magical water. Probably the way it stays.

[estrom]

@xrated, I was thinking the same thing.

[xrated]

@estrom we need to figure that out and have a BOS grindfest on the birds.

 

Crap just saw you are in Cali...well maybe the new owners will invite you out for a fall tourny and shoot.

[Lars]

@Razorskier1 how much for a guy to get access to the lake?

[Razorskier1]

@Lars -- whatever the bank will sell a lot for, but now that they are trying to sell it as a package they may not be amenable.

[6balls]

...they may eventually...I don't see it going as a package deal. If lots were reasonable and a guy could plant a motor home out there to use as a cabin there may be some sales. I'd love to buy a reasonable lot and put one out there, go out and hang out on some weekend days and ski a bunch of sets with naps in between!