Our land alone was $12,000 for just over 1/4 acre. We would have liked a lot more but with DW's physical problems living a little closer to the town turned out better for us. We are still over a mile walk to get to buses, stores, and the like even though we are in town.
The homes on either side of us are both modular, similar to ours. One of them sold a few years ago for $95,900 -- it is smaller, just 2 bedrooms, and no dining room. We have 3 bedrooms, 2 bathrooms, living room, dining room, sun room, laundry room. The master bath has a garden tub and a separate stall shower.
I believe the issue with having it mounted on steel beams has to do with the type of construction used by the modular company. Ours was built on the beams which make it easy to move and install. We have concrete block piers under the house supporting the steel. There is also a concrete block crawl space around the entire perimeter. We have friends who put a modular on a full basement and theirs came in on 2 trailers but was lifted off of the steel and appears like a standard home from the basement. They did build one center support as part of the foundation the supports the marriage wall of the two parts of the home.
In our documents there is no mention of it as a manufactured home. In the survey and such it is just listed as a single floor ranch home. In fact, our realtor didn't believe me that it was a manufactured home until she talked to the builder when we first put in our offer to buy it. It was mostly finished when we first saw it and she thought it was a standard stick built home. I don't believe that our mortgage rate was changed due to the type of home -- we were preapproved for a certain amount and when we were looking at properties we were told what the rate was and they let us lock in based on the economy -- unfortunately we waited a little too long hoping it would continue going down and it slid up a small bit.
Ken in Glassboro, NJ
