Coffman Cove

Coffman Cove is situated on the Prince of Wales Island, on the Northeastern Coast. As estimated by the United States Census Bureau, the city has a total landmass of 14.9 square miles, out of which 10.4 square miles is land and 4.5 square miles in water.

Owing to its topography, residents in Coffman Cove have got the access to biking, kayaking, camping and so on. The general climate of the city makes it a favorable place to reside. Residents of the city are of belief, that Coffman Cove forms a healthy abode for individuals who wishes to raise a family.

For individuals who would keen on the residential plots in Coffman Cove, the city will present the buyer with homes and residential apartments of various styles as well as types. Also the city is known for its community based events and outdoor activities. Economy wise, Coffman Cove is known as one of the major log transfer zones on the Price of Wales Island. A comparative analysis shows that the cost of living is 7.95% more than that of U.S. Also, records suggest that the public schools spend an amount of $14,325 per student, and a group of twenty-six students is given to each teacher. In the recent past the job market increased by 10.6 per cent.

Real Estate

Presently, the city holds average price listings for residential areas or residences for sale in the market at a price of $280,000. The bulk of houses, apartments or condominiums in Coffman Cove were all built after 1983. Thereafter, there had been substantial developments in the field of real estate and property management.

With regards to the previous census survey, it was calculated to be 99 total housing units in Coffman Cove. The total count of housing units that are occupied was reported to be approximately 63.6 out of the total units. 50 out of these were claimed as occupied by the owners and 13 were in use by the renters. Single family homes were supposed to be of a total strength of 30, the median price for the same being $133,300. There were also homes, with mortgage, where the monthly price on an average was $975, and the ones without mortgage were priced at $375. According, to the recent statistics, homes for sale are priced at an average median price of $165, 500. Housing alternatives are also accessible in standard foreclosed houses, and all kinds of HUD foreclosure listings too are obtainable. Also townhouses and elaborate private houses too are available amidst lush green background with a peaceful ambiance for $112,000 to $525,000 and more.

There are reasonable and equity home loans and private mortgage insurance, that are available for the procurement of these residential properties. These are provided by eminent banks like Wells Fargo Home Mortgage, Countrywide Home Loans.

As per the research conducted in 2008, the detached houses are priced at $242,619, the occupied boat houses at $187, 500 and the mobile homes at $29,063.