High Price for High Rock
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High Price for High Rock
posted at 10/4/2011 10:29 PM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
$231,250/acre? On a rock, what kind of deal was that? Who recieves the 1.85K. Is it the Somerville developer. Is he one of Driver's friends? -
Re: High Price for High Rock
posted at 10/5/2011 8:18 AM EDT
- LastMaldenite
- Posts: 148
- First: 3/25/2011
- Last: 7/12/2012
LOL Driver must have been involved with his pal whitey. But in all seriousness how many house lots in an acre. I think there are 40,000 sq ft in an acre? -
Re: High Price for High Rock
posted at 10/5/2011 8:22 AM EDT
- Driver54
- Posts: 1552
- First: 4/8/2010
- Last: 10/6/2011
Fscib52-----My Friends are not that Greedy Check with Councilor
Kinnon and Mayor Howard they are the the Thieves of this city.
Be gone most of day have a few things to do that does not concern
Malden and it's corrupt politicans, Maybe the Next Mayor will clean
up city hall. Hope your not on their band wagon -
Re: High Price for High Rock
posted at 10/5/2011 8:30 AM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
In Response to Re: High Price for High Rock:LOL Driver must have been involved with his pal whitey. But in all seriousness how many house lots in an acre. I think there are 40,000 sq ft in an acre?
Posted by LastMaldenite
My lot in malden is 1/8 of an acre. If my house burned down tomorrow, I could probably sell the lot for $150,000. As far as i know, there is no ledge on the property. Who came up with that number, and who recieved 1.85 mil?
CRAZY -
Re: High Price for High Rock
posted at 10/5/2011 8:31 AM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
In Response to Re: High Price for High Rock:Fscib52-----My Friends are not that Greedy Check with Councilor Kinnon and Mayor Howard they are the the Thieves of this city. Be gone most of day have a few things to do that does not concern Malden and it's corrupt politicans, Maybe the Next Mayor will clean up city hall. Hope your not on their band wagon
Posted by Driver54
Drive, you have a nice day today. -
Re: High Price for High Rock
posted at 10/5/2011 8:51 AM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
Last, I forgot to mention, for that $150,000, you get a granite curb out front, concrete sidewalk with a tree, water/sewer, gas, and electric lines to the building, on a flat buildable lot.
Did our tax payers pay too much? -
Re: High Price for High Rock
posted at 10/5/2011 11:46 AM EDT
- andrew25
- Posts: 84
- First: 11/23/2010
- Last: 11/30/2011
fscib52-
8 acres@43,560 per acre=348,480
348,480/6,000=58 house lots
58x150,000=$8,700,000.00
Bottom line is this seems like a fair price for the property. Don't forget the developer did not make 1.85 million because I'm fairly certain they have extensive money wrapped up in that land.
BTW... if your house burned down tomorrow the land would be almost worthless. It's not a conforming lot size. -
Re: High Price for High Rock
posted at 10/5/2011 12:04 PM EDT
- andrew25
- Posts: 84
- First: 11/23/2010
- Last: 11/30/2011
For the record... I would have let them build the houses. -
Re: High Price for High Rock
posted at 10/5/2011 1:03 PM EDT
- AnnieOMalden
- Posts: 251
- First: 8/15/2010
- Last: 6/17/2011
Just curious: Are the citizens allowed to hike or go there? Is there public access to this area? The view looks fabulous! -
Re: High Price for High Rock
posted at 10/5/2011 1:25 PM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
In Response to Re: High Price for High Rock:fscib52- 8 acres@43,560 per acre=348,480 348,480/6,000=58 house lots 58x150,000=$8,700,000.00 Bottom line is this seems like a fair price for the property. Don't forget the developer did not make 1.85 million because I'm fairly certain they have extensive money wrapped up in that land. BTW... if your house burned down tomorrow the land would be almost worthless. It's not a conforming lot size.
Posted by andrew25
Drew, to develop a site like that, my guess is $3 to $4 million.
You are drubbing/clearing, drilling/blasting, extending water/sewer, gas, electric, roads for the 58 lots. There are engineering, permitting, bonds, insurance. Great view, but my guess, useless to the city.
Again, who owned the property, and what did they buy it for? Who ever had that parcel knows, this is not the time for development in this area. And funding would be another issue. -
Re: High Price for High Rock
posted at 10/5/2011 1:56 PM EDT
- WardWatch
- Posts: 174
- First: 6/7/2010
- Last: 11/12/2011
What a waste of money. -
Re: High Price for High Rock
posted at 10/5/2011 2:15 PM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
In Response to Re: High Price for High Rock:What a waste of money.
Posted by WardWatch
I agree Ward, but why is everyone smiling in the photo. I don't get it. There has to be more to this.
Is this what driver was talking about, back room deals? -
Re: High Price for High Rock
posted at 10/5/2011 2:40 PM EDT
- AnnieOMalden
- Posts: 251
- First: 8/15/2010
- Last: 6/17/2011
If this is considered "parkland" does that open the door for the charter school to try and buy Roosevelt park again as it can be replaced with this parkland? You know, they buy it and lease it back to the city for the Salemwood school to use? Just asking a question here. -
Re: High Price for High Rock
posted at 10/5/2011 2:43 PM EDT
- Driver54
- Posts: 1552
- First: 4/8/2010
- Last: 10/6/2011
Fscib52---Yes this what I mean---The Money spent could of gone to
Public Safety ( Police & Fire Departments) But again looks who in the
Picture---Yje mayor and Councilor Kinnon--which tells me something
is in the Pipeline that the People/taxpayers will have to pay for.
Again this how this City Council Works ---It is so corrupt that it stinks ---I hope the New Administration is more open and transparent to the citizens of malden. -
Re: High Price for High Rock
posted at 10/5/2011 7:21 PM EDT
- andrew25
- Posts: 84
- First: 11/23/2010
- Last: 11/30/2011
Anniie-Exactly when was the school going to buy the park? You should try to keep your BS agenda toned down until after your candidate joins the ranks of unemployed! -
Re: High Price for High Rock
posted at 10/5/2011 7:51 PM EDT
- AnnieOMalden
- Posts: 251
- First: 8/15/2010
- Last: 6/17/2011
A25: If you didn't know, there was a clause in the contract which allowed for the charter school to have first crack to buy the park if it were to ever be sold. Not like we haven't sold city property before, right? As the park abuts the new athletic facility it isn't much of a stretch to imagine they would be interested in such a deal. The Mayor refused to omit that clause regardless of how much pressure was put on him to do so. Who would have ever believed the city would sell a fire station and then lease it back for 8 years? I am not the one selling the BS. What council members allowed that travesty to go on for all those years without lifting a finger? Sure wasn't Deb.
BTW: Opening night for the Bruins will be fabulous-will you be there? -
Re: High Price for High Rock
posted at 10/5/2011 8:26 PM EDT
- andrew25
- Posts: 84
- First: 11/23/2010
- Last: 11/30/2011
I am aware of the right of first refusal clause that was in the contract but I could swear you said the school was trying to buy the park. My reading comprehension skills must be fading in my old age. -
Re: High Price for High Rock
posted at 10/5/2011 10:19 PM EDT
- AnnieOMalden
- Posts: 251
- First: 8/15/2010
- Last: 6/17/2011
A25: Are you trying to tell me you had a premature exasperation? Bashing before thinking? -
Re: High Price for High Rock
posted at 10/5/2011 11:27 PM EDT
- Driver54
- Posts: 1552
- First: 4/8/2010
- Last: 10/6/2011
Andrew25&Fscib52&&Annie---do me a favor read the two statements
made one was by the Occupy Wall Street Protest and the Other is
From the Boston Occupy which has tents on the rose Kennedy Walkway as of tonight.Maybe it is time for the citizens of Malden to
make a statement by doing something that will wake up our City
Government. Please read the statements and see what is being said,
Second today we lost a Genius in Steve Jobs without him what and
where we would be with out his Inventions. Everyone lost a friend
in this person because of inovations and never knowing what was next in the Internet tech field. Hope you all agree. I have a IPad boy
it is a great tech product.
-
Re: High Price for High Rock
posted at 10/6/2011 8:22 AM EDT
- LastMaldenite
- Posts: 148
- First: 4/8/2010
- Last: 10/6/2011
58 House lots? Well if its only 40 and they are worth 50 thousand each thats $2,000,000 conservatively. Sounds like the city got a good deal. One thing you can rest assured is that the Ward Six Councilor did not get ripped off on a real estate deal. Say what you want as I have said before he is delivering for his Ward. -
Re: High Price for High Rock
posted at 10/6/2011 9:28 AM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
In Response to Re: High Price for High Rock:58 House lots? Well if its only 40 and they are worth 50 thousand each thats $2,000,000 conservatively. Sounds like the city got a good deal. One thing you can rest assured is that the Ward Six Councilor did not get ripped off on a real estate deal. Say what you want as I have said before he is delivering for his Ward.
Posted by LastMaldenite
Maybe, but the cost to develope the area and cost of land could be 6 mil. That brings the cost of each lot at $150,000. Ok, that sounds ok, but we don't plan on developng the site. Maybe a park.
No body is developing parcels like that anymore. Too expensive. I would like to know more about this deal. I was not paying attention until we gave 1.8 mil away for a potential park. -
Re: High Price for High Rock
posted at 10/6/2011 9:30 AM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
Bobby M, i'm sure you could add some logic to this. Please put my mind at ease. -
Re: High Price for High Rock
posted at 10/6/2011 11:08 AM EDT
- Pats2012Champs
- Posts: 845
- First: 7/26/2011
- Last: 1/10/2012
Thats a ton of money. And for that money it better be open to the public. I want to go up to high rock on the 4th of July and have a party!!! -
Re: High Price for High Rock
posted at 10/6/2011 11:28 AM EDT
- fscib52
- Posts: 144
- First: 3/25/2011
- Last: 7/12/2012
In Response to Re: High Price for High Rock:Thats a ton of money. And for that money it better be open to the public. I want to go up to high rock on the 4th of July and have a party!!!
Posted by Pats2012Champs
Where have you been Pats. I was affraid the driver had you shut down. -
Re: High Price for High Rock
posted at 10/6/2011 12:38 PM EDT
- Pats2012Champs
- Posts: 845
- First: 7/26/2011
- Last: 1/10/2012
I was with Whitey. I'm starting my winter baseball program and we needed snow shoes. He gave me a ton of money to hide and also slid over a 20 for me.