BajaNomad

Well built Mulege house on the river

bonanzapilot - 8-5-2009 at 10:26 AM

I am placing this notice for an old friend of mine, who after 30 years of spending winters in Mulege, must be closer to hospitals, and must sell his home. He has a 5 year written land lease, which he has renewed. The house is the yellow one on the river road, with the whale bones in the front yard.
A two BR, two bath, nice fireplace, dining, kitchen, and especially nice back patio with trees, plants and shade. The market being what it is today, the over $260,000 invested will go for a reduced $175,000... turnkey, nice boat, motor and trailor...fishfinder. Go to Pelican reef website to see photos www.mulege-mls.com Ask for River Rat, aka Rick Barber.

[Edited on 8-6-2009 by bonanzapilot]

Sharksbaja - 8-5-2009 at 01:16 PM

Udo - 8-5-2009 at 04:39 PM

Very nice place, BP.

However...

From what you posted, you are only guaranteed a 5 year living arrangement for the $175.000 U.S.

BTW: thanks for posting a photo. One of the rare occasions when a photo accompanies a for sale post.

[Edited on 8-5-2009 by udowinkler]

Bajahowodd - 8-5-2009 at 05:04 PM

The credit for the photo goes to Sharks.

Udo - 8-5-2009 at 05:59 PM

Thanks for fointing that out, Bajahowodd. Sharks posted it so close to the written post that it looked like one continuous post.

capt. mike - 8-6-2009 at 07:40 AM

that'a a great house in one of the best locations. but i forgot who lives there.

BP - is that you Tanbo from BBP?
i am grounded, need annual. too frickin hot to work on it or fly anywhere so it can sit till later.

Mulege post

bonanzapilot - 8-6-2009 at 09:48 AM

I wanted to respond to the negative comment about the 5 year lease on Nels and Amy Dawson's home in Mulege. Of the many gringos who live in Mulege, in the Oasis, and other areas, most all of those homes are on land leases, and they are for the large part verbal. Leon at the Oasis raises the rents as he needs more income. Nels has lived winters in this house for almost 30 years, and has negotiated a written 5 year renewal about 6 times now. The ground rent is low, and the payment does not raise every year, as many others do. When I lived in Mulege, I owned the land as a Mexican corporation, and was the only one I knew of that did. Not an expert on the lease issue, I am just doing my friend , Nels a favor. Contact Rick Barber at the Pelican Reef office in Mulege, he is knowledgeable. A 5 year written lease in Mulege is a positive thing.

rpleger - 8-6-2009 at 10:03 AM

This is a great house...and the price is right...

mtgoat666 - 8-6-2009 at 10:36 AM

Quote:
Originally posted by bonanzapilot
I wanted to respond to the negative comment about the 5 year lease on Nels and Amy Dawson's home in Mulege. Of the many gringos who live in Mulege, in the Oasis, and other areas, most all of those homes are on land leases, and they are for the large part verbal. Leon at the Oasis raises the rents as he needs more income. Nels has lived winters in this house for almost 30 years, and has negotiated a written 5 year renewal about 6 times now. The ground rent is low, and the payment does not raise every year, as many others do. When I lived in Mulege, I owned the land as a Mexican corporation, and was the only one I knew of that did. Not an expert on the lease issue, I am just doing my friend , Nels a favor. Contact Rick Barber at the Pelican Reef office in Mulege, he is knowledgeable. A 5 year written lease in Mulege is a positive thing.


it is a cool house, but still don't know how people stomach unsecure nature of expensive improvements on leased property in mexico.

odd you mention pelican reef RE firm. that's palmetto99's firm.

bonanzapilot - 8-6-2009 at 10:38 AM

I thought it was owned by the manager, Rick Barber....am I wrong? I suggested Nels list with him. If it truly is Palmetto.. then look out! I will need to caution Nels. Someone knowledgeable please confirm or deny?

mtgoat666 - 8-6-2009 at 10:42 AM

Quote:
Originally posted by bonanzapilot
I thought it was owned by the manager, Rick Barber....am I wrong? I suggested Nels list with him. If it truly is Palmetto.. then look out! I will need to caution Nels. Someone knowledgeable please confirm or deny?


i just know what i saw in links on the "palmetto99" thread, where apparently palmetto is listed as a contact (but not an owner??)

[Edited on 8-6-2009 by mtgoat666]

bonanzapilot - 3-26-2010 at 08:21 AM

Nels has dropped the price to under $50,000!

mtgoat666 - 3-26-2010 at 08:45 AM

Quote:
Originally posted by bonanzapilot
Nels has dropped the price to under $50,000!


price drop from 175 to <50. wow.

shari - 3-26-2010 at 09:42 AM

does one also pay the land lease yearly? how much is it?

monoloco - 3-26-2010 at 09:59 AM

Mexican land leases are like a crap shoot, the rug could get jerked out from under you at any time or the terms can become onerous.

capt. mike - 3-26-2010 at 11:49 AM

"it is a cool house, but still don't know how people stomach unsecure nature of expensive improvements on leased property in mexico."

because they CAN afford to do just that ya numbskull....!!:light:

Larry - i will have XXX there very soon, april 8th i think - and he wants to see it so i'll call Rick and access it.

this will go fast - the market is adjusting, that's for sure.
still the same drill - invest, if you want to call it that...in only what you can afford to walk from - do that and never a foul and less mental anquish.

arrowhead - 3-26-2010 at 01:20 PM

Quote:
Originally posted by capt. mike
because they CAN afford to do just that ya numbskull.


...or maybe they are just numbskulls?:rolleyes:

bajaumpaw - 3-26-2010 at 02:11 PM

Be careful on this house. The pictures shown here and on Pelican Reef are pre-hurricane (house and yard needs work)but the real problem is with the land owners and whether the house can be sold. I would certainly advise you to meet with the Miranda family (land owners) and get their blessing before going too far on a purchase. I own the improvements on the adjacent property and would really like to have a good neighbor but include the Miranda's in your negotiations for a successful purchase and you will also be a happy neighbor. The house can be restored to a great place and hopefully we get nada floods for a long time that will keep it that way if it is restored.

capt. mike - 3-26-2010 at 02:33 PM

"...or maybe they are just numbskulls?"

doubt it.

the only stupid people i know with big $$$ either inherited it or got a sudden unplanned windfall like a big lotto or something.

successful folks i know with big $$$ earned it and worked hard for it, by being astute.

KAT54 - 3-26-2010 at 03:42 PM

Is not this one of the houses completely under water during the last storm?
Why would ANYONE buy a house in a flood zone?
Is the poster putting potential buyers at risk of drownding?
Aug 2009 $175,000
Sept 2009 after flood $50,000
Repairs?
Does not it need a new location?
Lease lot?
Is not that $10,000 a year?
Does not that buy ALOT of room rentals at the Serindade in Mulege?

arrowhead - 3-26-2010 at 03:44 PM

Maybe they're trolling for numbskulls?

Bajahowodd - 3-26-2010 at 04:16 PM

I suppose that it is much like Wall Street or Indian Casinos. Given the long term history of this river flood plain, someone looking for maybe ten years of ownership, might just get away with it. All bets down.

tripledigitken - 3-26-2010 at 04:32 PM

Quote:
Originally posted by KAT54
Is not this one of the houses completely under water during the last storm?
Why would ANYONE buy a house in a flood zone?
....


Because many like living there, and accept that risk. Same goes for living along most rivers and seacoasts in hurricane zones.

capt. mike - 3-26-2010 at 04:34 PM

Is not that $10,000 a year?


no - not even close.
leases along the rio are real cheap.
just like at all the RV parks.
1/5th of that likely, maybe less.

$6 a day on some.

mulegemichael - 3-26-2010 at 04:37 PM

i believe this house has sold....and leon at the oasis DOES NOT raise his rents as he needs money...anyone who says that has his head up his burro

capt. mike - 3-26-2010 at 06:50 PM

well there are plenty more like it around.

bonanzapilot - 4-23-2010 at 09:43 AM

As if yesterday, Nels' house is still available...good lease, and good landlord.
Lots of nice furniture and decor included, too. Price quoted for sale of John Atkins' house near Casa Granada, was $150,000. Snap up Nels' for $49,000.

capt. mike - 4-23-2010 at 04:05 PM

John's went for more.
i am bringing the owner down May 7th.

rpleger - 4-25-2010 at 03:03 PM

This is a good deal....somebody that wants a great house on the river had better snap this up....

Bajahowodd - 4-25-2010 at 05:23 PM

Maybe perhaps someone local, with familiarity could enlighten us about the differences between this property and that of toneart which is for sale for the same price, but also boasts that it is a clear title that allows a buyer to get a fideicomiso?:?:

toneart - 4-25-2010 at 05:30 PM

Quote:
Originally posted by rpleger
This is a good deal....somebody that wants a great house on the river had better snap this up....


We who are here here know this. There is a right price for everything under any circumstance. Prices here have hit rock bottom. Our houses that have survived have suffered the worst hurricane (Jimena) that Central Baja has ever experienced. It is worth the risk!. We may have more floods and maybe not. Insurance companies are still insuring here. At these prices, you mop it up and continue enjoying the Mulege good life.

Have you tried to find so much for so little anywhere in the world near the water? And Mulege is a short distance from The U.S.A. and Canada. Boating, fishing, swimming, fantastic restaurants, great winter weather while everyone else up north experiences cold, long winters. The bonus that puts it over the top are the wonderful people. We help each other.

Mulegena - 4-25-2010 at 06:58 PM

Quote:
Originally posted by toneart
Our houses that have survived have suffered the worst hurricane (Jimena) that Central Baja has ever experienced. It is worth the risk!... continue enjoying the Mulege good life... The bonus that puts it over the top are the wonderful people. We help each other.


I'm doin' it again, sslooowwly, but doing it I am.

I tore out all the drywall (good riddance!) and had concrete stucco walls put in. Changed a large utility room into a tiled-floor bedroom with large window and AC, put a door into the adjacent bathroom and turned what had been a one-bedroom/bath palapa into a 3-bedroom 2-bath home with large windows and private gardens.

Went out to dinner with girlfriends (chili rellenos at Pancho Villas, scrummy!) and discussed color schemes for the redecoration.

As they say, "No Bad Days in Mulege!"

toneart - 4-25-2010 at 10:18 PM

Quote:
Originally posted by Bajahowodd
Maybe perhaps someone local, with familiarity could enlighten us about the differences between this property and that of toneart which is for sale for the same price, but also boasts that it is a clear title that allows a buyer to get a fideicomiso?:?:


Howard,

I think this subject, Fideocomiso vs. lease has been well covered in Bajanomad. In my post above I didn't plug my own because I wanted to comment on the house that is the topic of this string. It is a good deal. Leon, the owner of The Oasis is a straight shooter and not mercenary. So, my exuberance over this house carries with it my opinion and experience, in general, of life on The River in Mulege, and the components which add up to the great values that are to be found here. You really have to be here to see and understand it.

Unfortunately, not many intrepid travelers or buyers are coming due to economic conditions back home. As to perceived dangers of violence, it is non existent here.

As to my casita, in which I have clear title through a Fideicomiso (Bank Trust for the land), that title will be transferred to a new owner or he can get a new one.:cool:

bonanzapilot - 10-1-2010 at 10:06 AM

I spoke with Nels, and find that he has walked away from attempts to salvage any money from his investment in the Mulege river house. The Miranda family will do what they will with the property and the improvements. Some will find that planning for a flood, and only investing small dollar amounts will still make for enjoyable winters in Mulege.

sanquintinsince73 - 10-1-2010 at 10:28 AM

Can a national purchase this place outright?

capt. mike - 10-1-2010 at 11:23 AM

sure maybe it depends on the land owner.
he rents spots, as i understand when we previewed it past spring it was about $4K a year - way too much for my friend to justify.
i think about $1500 a yr is the right price for a lot lease anywhere in Mulege.
that is do able.....about the same as any condo assoc dues.

Keith's place north side of river and elevated is the ticket now.

Cypress - 10-1-2010 at 02:38 PM

Living on the Rio Mulege is an experience. You've got the "good, the bad and the ugly" all rolled into one little mile or two below the bridge.;)

Skeet/Loreto - 10-8-2010 at 09:44 AM

I will strongly recommend buying and living in Mulege!
Now and the next couple of years will be good for getting some good Property.
Not for Investment but to live there.
Same in the States, it is a good time to invest in Low end Rental property but you have to figure 10 years before values go back up and then they will not be as High as before,.

Mulege has some good People, Mexicanos and Others, good Fishing, and is not overcrowded as what has happened to Loreto.

Go For it! but do It Right.

Skeet/Loreto

Lobsterman - 10-8-2010 at 09:56 AM

I agree that the Mulege river is a beautiful place to rest your head at nite after a hard day of fishing and bragging about it at the local watering hole. I'll be going down to Mulege in February to look into seasonal renting of a house on the river. I'll leave the buying of Mexican property to others that are more adventurous than I.

Skeet/Loreto - 10-8-2010 at 10:09 AM

Lobsterman:

That is a good deceison on Renting for a year. Find out if you like it, get to know some of the great people. and if you want to meet a Great Mexicano go to meet Saul at his Tienda. He is the brother to Gloria Davis Benziger who started adn built the Hotel Oasis in Loreto, He is also an experienced Shrimp Fisheman and in all the years has been a good Honest Friend to me.

Skeet/Loreto