High Rock Aerial Photos

Donnie Barnes · **Posted:** Mon Nov 10, 2008 2:02 pm

Chuck Branscomb wrote:

Exactly. The top of the craze of our times was likely marked by people wanting $500,000 condos next to a race track out in the middle of nowhere.

Being able to see that much of VIR and in particular cars coming at you in the uphill esses isn't exactly the "middle of nowhere." Have you been on the deck of one of the villas? It's pretty awesome seeing the cars coming at you like that. Also note these things are REALLY nice inside, so it's not like you're getting a hotel room. Plus the upstairs and downstairs are splittable rental units, which helps on the income generation side. Oh, and you get a reasonable one car garage with it. The asking price is $440k, but I can't help but wonder if you can get them for less. I'd think not since supposedly they are getting ready to build another set...

I'm not saying they are a good deal, but depending on the rental income available they may not be that bad, either.

--Donnie

clinehall · **Posted:** Mon Nov 10, 2008 2:12 pm

Donnie Barnes wrote:

Chuck Branscomb wrote:

Exactly. The top of the craze of our times was likely marked by people wanting $500,000 condos next to a race track out in the middle of nowhere.

Being able to see that much of VIR and in particular cars coming at you in the uphill esses isn't exactly the "middle of nowhere." Have you been on the deck of one of the villas? It's pretty awesome seeing the cars coming at you like that. Also note these things are REALLY nice inside, so it's not like you're getting a hotel room. Plus the upstairs and downstairs are splittable rental units, which helps on the income generation side. Oh, and you get a reasonable one car garage with it. The asking price is $440k, but I can't help but wonder if you can get them for less. I'd think not since supposedly they are getting ready to build another set...

I'm not saying they are a good deal, but depending on the rental income available they may not be that bad, either.

--Donnie

Oh, I agree the view Is great and I am sure they are nice but getting the buy in from my wife for that would be like getting her to agree to a 15 year younger girlfriend for me. I am guessing they are like actual waterfront property, the economy has not diminished the value like everything else.

steve remchak · **Posted:** Mon Nov 10, 2008 4:02 pm

clinehall wrote:

Donnie Barnes wrote:

Chuck Branscomb wrote:

Exactly. The top of the craze of our times was likely marked by people wanting $500,000 condos next to a race track out in the middle of nowhere.

Being able to see that much of VIR and in particular cars coming at you in the uphill esses isn't exactly the "middle of nowhere." Have you been on the deck of one of the villas? It's pretty awesome seeing the cars coming at you like that. Also note these things are REALLY nice inside, so it's not like you're getting a hotel room. Plus the upstairs and downstairs are splittable rental units, which helps on the income generation side. Oh, and you get a reasonable one car garage with it. The asking price is $440k, but I can't help but wonder if you can get them for less. I'd think not since supposedly they are getting ready to build another set...

I'm not saying they are a good deal, but depending on the rental income available they may not be that bad, either.

--Donnie

Oh, I agree the view Is great and I am sure they are nice but getting the buy in from my wife for that would be like getting her to agree to a 15 year younger girlfriend for me. I am guessing they are like actual waterfront property, the economy has not diminished the value like everything else.

hey now Cline, were thay only true. if you are looking for some actual waterfront property i might have a deal for you. very nice and across the water from Oriental.

clinehall · **Posted:** Mon Nov 10, 2008 5:13 pm

Steve, you better sell now, pretty soon there is going to be federal taxes on property owned by fat cats like you! :twisted:

Chuck Branscomb · **Posted:** Mon Nov 10, 2008 5:23 pm

Donnie Barnes wrote:

Being able to see that much of VIR and in particular cars coming at you in the uphill esses isn't exactly the "middle of nowhere."

My thought was following Cline's...that once you leave the VIR area, you are in the middle of the boonies compared to someplace like Wilmington. It's all relative though since value is in the eye of the buyer, er, well, I guess that type of value is returning now that 120% no income verification financing is thankfully gone.

steve remchak · **Posted:** Mon Nov 10, 2008 7:01 pm

clinehall wrote:

Steve, you better sell now, pretty soon there is going to be federal taxes on property owned by fat cats like you! :twisted:

you gonna get your self in hot water buddy-roe. :leave:

Kevin Harvey · **Posted:** Mon Dec 15, 2008 11:28 am

Latest news coming from the High Rock camp. Some of their dates are not quite right in their news bulletin:

"Race Townhome Contracts at 94 Percent, Allowing Construction to Begin Soon

As we come to the close of 2008, we wanted to bring you a recap of where the project is and what's in store for 2009. It is a very exciting time at High Rock Raceway.

We are about to close on our loan and begin construction. We have received 94% signed race townhome contracts out of the 98 we mailed to our reservation holders. We are delighted – and our lender is delighted – with this result. We anticipate closing our loan in December.

We, of course, had hoped to close the loan sooner, but asphalt prices have been falling substantially over the past month and we wanted to wait for the lower prices before awarding the contract. Our price for the asphalt will be “locked in” through hedge contracts and so it has been a substantial long-term benefit for us to wait a few weeks before awarding this contract. Our lender has required that all major contracts be awarded and fixed prices confirmed before the start of construction.

Our late start will mean a completion date for the track and the townhomes in late August or early September. We will begin construction of the townhomes in late January, and we should have the initial buildings ready for delivery in March – as we pave the track. The front straight townhomes will be ready first – followed by the paddock townhomes and then the townhomes between Turn One and Turn Two.

After the track is paved in March, it will cure for a few months while we complete townhome construction. Come September, we should be ready to go. Once we are under construction, we will publish the Member Track Dates for 2008 and early 2009. Also, we will be mailing interior color choices for the townhomes in approximately one month.
We have some additional good news on the horizon so keep an eye out for more e-mails from High Rock!

Visit www.RaceHighRock.com to keep up with the latest developments"

Vincent Keene · **Posted:** Mon Dec 15, 2008 12:26 pm

Kevin Harvey wrote:

After the track is paved in March, it will cure for a few months...

Ah, so they are planning to use that magical asphalt huh Ryan?

Stacy King · **Posted:** Mon Dec 15, 2008 12:31 pm

Vincent Keene wrote:

Kevin Harvey wrote:

After the track is paved in March, it will cure for a few months...

Ah, so they are planning to use that magical asphalt huh Ryan?

Why you gotta be frontin'?

Ryan Holton · **Posted:** Mon Dec 15, 2008 1:38 pm

Stacy King wrote:

Vincent Keene wrote:

Kevin Harvey wrote:

After the track is paved in March, it will cure for a few months...

Ah, so they are planning to use that magical asphalt huh Ryan?

Why you gotta be frontin'?

That update is quite hilarious.

Kevin Harvey · **Posted:** Mon Dec 15, 2008 2:34 pm

And the dates are goofy as if they reused a bulletin from last year. A buddy received it from them as an email, their site does not have this info.

Kevin Harvey · **Posted:** Tue Apr 14, 2009 4:41 pm

I went by the High Rock location last Saturday....

Nada
Nothing
Zip

I just looked back at my pics from last November... that yellow piece of heavy equipment is still sitting in the same place.

Damn glad I did not put any money down on a condo two years ago!

Chuck Branscomb · **Posted:** Tue Apr 14, 2009 9:19 pm

Kevin Harvey wrote:

I went by the High Rock location last Saturday....

Nada
Nothing
Zip

I just looked back at my pics from last November... that yellow piece of heavy equipment is still sitting in the same place.

Damn glad I did not put any money down on a condo two years ago!

No kidding. I had that solicitation to buy one of the condos for a much lower price than what they claim they're selling for now. The risks of the deal even at that "low price" seemed pretty high. I wonder if everyone's deposit is truly in escrow and able to be returned?

steve remchak · **Posted:** Tue Apr 14, 2009 9:40 pm

ya'll need to start funding CMP's condos.

BretLuter · **Posted:** Tue Apr 14, 2009 11:27 pm

steve remchak wrote:

ya'll need to start funding CMP's condos.

I heard they were gonna rename CMP.

New name= LMP (LeMons Motorsport Park).....

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