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Old 05-10-2012, 10:06 AM   #11
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Okay, maybe 5 miles IS out of the questions.
I found this place 15 miles from Ocean City MD.
11819 Steam Mill Hill Rd, Whaleyville, MD 21872 MLS# 475301 - Zillow

I would prefer VA, but MD is okay and it's closer to where I live (PA).

Thoughts...

Bean
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Old 05-10-2012, 10:29 AM   #12
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Okay, maybe 5 miles IS out of the questions.
I found this place 15 miles from Ocean City MD.
11819 Steam Mill Hill Rd, Whaleyville, MD 21872 MLS# 475301 - Zillow

I would prefer VA, but MD is okay and it's closer to where I live (PA).

Thoughts...

Bean
Bean, Just remember you'll be moving from a retirement friendly State to a high the high tax state of Maryland. Hopefully they'll have much more tax help
for retirees by then. I moved from MD. to PA when I retired 6 years ago. Not trying to put a damper on your plans, you just need to know some of them pitfalls before you make what could be a life changing decision. IMHO
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Old 05-10-2012, 10:37 AM   #13
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I think that looks great, Bean. Looks like it was last sold for $20K in 2008 so he's asking for a bit but your Realtor would need to do provide some comps.

In our area, I see sales like this of old farm houses. Sometimes as a tear-down and rebuild and sometimes a pole barn for storage. We've considered doing the same thing on old farm land in Door County, WI and camping on it periodically but haven't pulled the trigger just because we still want the variety of traveling to different areas.

Really, you should do it if that's what fits best with your lifestyle.
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Old 05-10-2012, 10:54 AM   #14
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For only one week a year for 20 years. I would think that even if you could work out the water, sewer and power issues and there are lots of problems with those, drilling for fresh water that close to the salt water ocean, a septic system here in SE Texas that would meet your needs in about $6,000 and I would bet that it will be more in VA and if you are a long distance from power poles, then you will have to pay to put some in, I would think that you will be some distance from power because if you are near a subdivision they will likely not let you park an RV.
I would come up with ideas such as this and my DW would always say no. IMO I think you would be better of investing the money else were and just pay for a compground for that week. I did something like this a number of years ago with the idea that family members would use it but people get busy with their lives and they didn't use it. Good Luck
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Old 05-10-2012, 11:05 AM   #15
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I would think that they would not let you put an RV there, but if they do, twenty years is a long time, are you sure that you would want to build a home there and live there?
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Old 05-10-2012, 12:30 PM   #16
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Okay, maybe 5 miles IS out of the questions.
I found this place 15 miles from Ocean City MD.
11819 Steam Mill Hill Rd, Whaleyville, MD 21872 MLS# 475301 - Zillow

I would prefer VA, but MD is okay and it's closer to where I live (PA).

Thoughts...

Bean
Another cold splash; but here goes. Almost impossible to finance vacant land. It will most likely be a cash deal.

Also ditto to PA tax friendly; MD not so much.
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Old 05-10-2012, 12:42 PM   #17
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Okay, maybe 5 miles IS out of the questions.
I found this place 15 miles from Ocean City MD.
11819 Steam Mill Hill Rd, Whaleyville, MD 21872 MLS# 475301 - Zillow

I would prefer VA, but MD is okay and it's closer to where I live (PA).

Thoughts...

Bean
I think what everyone is saying here is MAKE AN INFORMED DECISION. check
out all the things that could be pitfalls before you commit... covenants, restrictions,taxes, utilities and find out as much as you can about the area before you sign on the dotted line. Then you can feel good about your decision. Hope it all works out well for you... good luck.
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Old 05-10-2012, 01:17 PM   #18
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I would like to thank everyone for your comments.
We are just "looking into" this, and you've all given me things to think about.
As far as taxes go...Maybe I'll look into southern delaware. I hear that Delaware is pretty tax friendly.

As for the financing, our house is completely paid off, so I could take a Home Equity Loan for the land if I had to do that.

I'm basicly looking to buy the land to retire on, but would like to use it with the camper in the meantime. Unless I want to boondock for a week, that doesn't sound likely. Don't know if I want to boondock for that long.

Bean
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Old 05-10-2012, 01:20 PM   #19
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As for the financing, our house is completely paid off, so I could take a Home Equity Loan for the land if I had to do that.
That is how my brother had to do it when he bought some hunting land in upstate PA. Right before the gas drilling took off. He did ask if I wanted "in" but silly me said no.
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Old 05-10-2012, 01:40 PM   #20
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That is how my brother had to do it when he bought some hunting land in upstate PA. Right before the gas drilling took off. He did ask if I wanted "in" but silly me said no.
Herk is exactly right. I bought my first piece of property in south western PA in 72... WOW can't believe it. I added more property over the years and it turned out to be a good investment. With the economic environment we have today hopefully you can buy the property at a real good deal. You never know what can happen with values in the future... the values could explode upward. Just do your homework you'll be fine.
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