Unbelievable

[CarlE]

Well, I'll tell you one thing. Mr. Earp better be DAMN glad I don't live in Massillon or he would NEVER have gotten this for the steal that he did. I can't believe that the property where L.A. used to be went this low. And the dang guy that started at $50K had for a long time before Mr. Earp went over him. What the he!! are people THINKING about up there???

http://www.indeonline.com/index.php?ID=14706&Category=

Congrats to the new land baron of Massillon!!

[Kamd50]

I couldn't help but laugh a little bit after reading that the new owners were actually stunned that they had bought the property when they were only stopping on a whim to see what was going on at the auction in the first place:laugh: I guess that's what you call fate!

[CarlE]

Fate, luck, right place at the right time.....call it what you want!! The guy got one HECK of a deal. I'm REAL anxious to see what he does with it. I think he should consult with our resident expert MTigers006 to see what they could come up with.

[Kamd50]

:jestera: Post of the day!

[TigerCoach]

Hell, if i would have known it was going that cheap, I would have been there too! Just the memories of that place are worth $50k.

[CarlE]

Hell, if i would have known it was going that cheap, I would have been there too! Just the memories of that place are worth $50k.

Bro, we could have been PARTNERS and started our takeover of Massillon. How much fun would THAT have been?

[Obie Wan]

Kinda makes you wonder about the Salvation Army and what they paid for Longfellow, doesn't it?

[DAWGH8R]

You'd be surprised at your limitations due to zoning. You will never get the classification changed. The neighbors would never agree.

[Al.]

You'd be surprised at your limitations due to zoning. You will never get the classification changed. The neighbors would never agree.


Maybe it will get rezoned, unless Carl Oser is involved :rolleyes:

[DAWGH8R]

Are you kidding Al ?? I've been present for MANY of Carl's rezoning hearings. He NEVER gets them. He is a VERY smart man, and actually knows the city better than anyone I've spoken with.

He buys land according to the future projections set forth by our local gov't, but the projections never seem to hold up their end.

[MR EMPTY PANTS]

You'd be surprised at your limitations due to zoning. You will never get the classification changed. The neighbors would never agree.

zoning? ever here of eminent domain? another crackpot liberal scheme adopted by the libs on the supreme court. don`t be surprised if some of those neighbors get bought out. i feel for anyone who`s lost property under liberal domain.

[longtimefirsttime]

Bro, we could have been PARTNERS and started our takeover of Massillon. How much fun would THAT have been?

You'd have to think you could recover that investment in a relatively short period of time.

[longtimefirsttime]

Are you kidding Al ?? I've been present for MANY of Carl's rezoning hearings. He NEVER gets them. He is a VERY smart man, and actually knows the city better than anyone I've spoken with.

He buys land according to the future projections set forth by our local gov't, but the projections never seem to hold up their end.

Why does he have so many properties that are vacant for so long? Is he asking an overinflated price? What was wrong with the homes that are being bulldozed on Lincoln Way?

[Obie Wan]

I see an opportunity here. The new owners of the LA property should sell it to the Salvation Army for a tidy profit. The Salvation Army, in turn, should sell Longfellow to CHARM. CHARM gets their park, the SA saves some money, and the Earps make thousands of bucks on the quick flip.

[longtimefirsttime]

I see an opportunity here. The new owners of the LA property should sell it to the Salvation Army for a tidy profit. The Salvation Army, in turn, should sell Longfellow to CHARM. CHARM gets their park, the SA saves some money, and the Earps make thousands of bucks on the quick flip.

To quote those Guinness guys, BRILLIANT!

[DAWGH8R]

Why does he have so many properties that are vacant for so long? Is he asking an overinflated price? What was wrong with the homes that are being bulldozed on Lincoln Way?


Back in the day, our city forfathers set forth a plan that by such and such a year this will happen, that will happen, etc.

In the city plan, it was called for the south side of Lincolnway, between 19th and 27th streets , to be commercial business, just like the south side.

So, Carl bought up all the land, at homeowner prices, with dreams of changing the zoning and selling the entire plot, or sections of, at COMMERCIAL prices.

Unfortunately, today's local govt doesn't see things the way they were supposed to materialize, and he is STUCK with land that is worthless.

As commercial land, it would be worth a mint, however, no one wants to buy a lot to build a house on Lincolnway East.

He made a good bit of money buying land 20 years ago, and letting Massillon take it by eminent domain. He always knew where they were planning to do a project, and somehow always became the landowner.

Very smart real estate man, just doesn't get much local govt co-operation !!

[longtimefirsttime]

Very smart real estate man, just doesn't get much local govt co-operation !!

Then it appears he will be stuck with many plots of unused land.

[DAWGH8R]

Lucky for him, ...... he doesn't need the $$$$$ !!!

[longtimefirsttime]

Maybe I just don't get it. If he knew council would not work with him, why bulldoze those homes? At least he could have been drawing some rental income. Is it possible he overinflates the price of the properties for some form of a tax writeoff?

[tucker]

To call that deal a steal is a real understatement. I doubt that the residential zoning will change, so the Earps will probably split the parcel into 6 or 8 building lots and sell each one for $15,000 to $20,000. The Longefellow lot sold for much more than the market value because of a public, agressive competition between two potential owners. The LA lot had no such competetive situation, and a passserby who stopped to gawk ended up as the new owner.

The "city plan" is a master zoning code adopted by the city in 1970. It stipulates that the north side of Lincoln Way between 20th and 27th (which is almost entirely in the Perry school district) remain and grow as a commercial/business district. It also stipulates that the south side (in Massillon school district) remain residential, in a combination of single and mulit-family zonings. It states that this is to preserve a buffer zone between the commercial activity on the north side and the residential and York school activity on the south. There just is no plan or promise anywhere that the south side would ever develop commercially at some point in time.

Would someone please list any of the land the city ever acquired from Carl Oser by eminent domain? That list either doesn't exist or is a very short one. Carl is not a smart real estate man in this situation. He is instead a wishful real estate speculator, hoping to cash in at some time if council agrees to ignore the opinion of the neighbors and rezone the area. He may be getting closer, though. A recent request to rezone was supported by the ward rep who disregarded the opinion of many, many neighbors and area residents who loudly and clearly told council that they did not want to have their residential neighborhood rezoned. She never told the residents she planned to support the zone change and caught them by surprise with her vote against them and for Oser.

She has earned the ill-will of many people in the ward for ignoring their clearly stated opinion. Why would a rep do a 180 against the ward residents and throw them under the bus to back Oser? Gee, in an election year against a strong opponent, I can't think of a single reason, can anyone else?

[orangeblood]

Maybe I just don't get it. If he knew council would not work with him, why bulldoze those homes? At least he could have been drawing some rental income. Is it possible he overinflates the price of the properties for some form of a tax writeoff?
I think you are right on with this post.

[DAWGH8R]

.............so the Earps will probably split the parcel into 6 or 8 building lots and sell each one for $15,000 to $20,000.

Don't know how much you know about land developement, but .........it would cost WAY more you think to make splitting this into parcels a reality.

If they sold 8 lots at $ 20K, that would net $160K. Take out the initial investment, and you have $100K. Someone would have to pay the excavating fees for an access road, curbs, sewage, utilities, etc.

Never for $100K. I'm sure the owners will wish they thought before bidding.

I thought the building wasn't in REAL bad shape, and could have been better used for the court system to run their 3 day alcohol "schools", or some other purpose that would net the city money.

[npaflas]

Is Carl Oser still living.

[tucker]

Carl Oser is getting up there in years, but yes, he is alive and well and active in maintaining his properties. He is grooming a grandson to take over his business interests.

The LA parcel is not some isolated farmfield in a township, with a need to extend utilities and build interior streets. It is in the city, with immediate access and paved frontage to Tremont Avenue, Shrock Place and Cook Court - all dedicated city streets. Every utility from sanitary sewer to cable tv is in place. Only some minor hookup fees would be incurred to make the new lots immediately buildable. A lot plan for 6 to 8 residential lots could easily be drawn up on a napkin over a beer at BW3 in five minutes, with no need for additional interior streets. The city would have to approve splitting the LA parcel into separate lots, but that is nothing more than a procedural matter. As long as there is no request for a zoning change, the lot split is easy as pie.

Any of the small Amish-type developers in the area would be an ecxellent choice to develop this area.