There are some very good markets here in Jacksonville. The sales from June 2013 show that most of the homes sold were in the 100-300k range. However, is an area that is close to schools and private clubs a good deal, especially when it backs up to a City water cleaning station (as nice as I can put it)?
Sure no one can build behind you, but then again, no one can mask the smell of what is behind you. Amazingly just down the same road, there are homes on a private lake selling for double per square foot what this house is going for, yet the federal government in charge of the pricing thinks it is worth more based on recent sales.
When you get excited about a property, make sure you google it, look at comps in the area, and really get a good idea if the property IS a good deal for you as an investor or homeowner. If you notice a water cleaning station behind the property, remark about it, submit a lower offer, if the location and house are great, and see if there is a way to build a fence in the back to hide the view.
Remember value is built by the sales all around you, look in an area that is rising in value to be the final factor of whether or not this is a good deal.
Jack
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