Sister Wives star Kody Brown owns some land that went up in value. Before the current season, Kody decided to move his four wives and large family to Flagstaff Arizona. He thought this was in the family’s best interest.
So now that the family’s been living in Flagstaff for about 18 months, fans question whether the move was all Kody envisioned. Frankly, most fans feel the move was done in haste and not well thought out.
Kody Brown promised a better life for his family in Flagstaff. However, the Browns have been drowning financially. If Kody waited till they sold their Las Vegas homes before uprooting the clan things might have been different.
Although, recent sales data shows Kody might have been spot on with the value of their Coyote Pass properties. Perhaps Kody Brown and the Sister Wives should cash out while they’re ahead? Here’s what we know about the property in Coyote Pass.
Sister Wives Update: Kody Brown And Wives Land In Coyote Pass
Sister Wives patriarch Kody Brown and his four wives bought approximately 12 acres of land in Flagstaff known as Coyote pass. Collectively they paid $820,000 for the land which is separated into 4 parcels, 3 approximately 2.5 acres and one approximately 5 acres. Interesting to note, the largest parcel belongs to Christine, not Robyn.
Kody Brown paid $170,000 for two parcels, $180,000 for one parcel and $300, 000 for the large parcel. The family put down 10% as a down payment. So mortgages on the four parcel run about $4000 a month plus property taxes. Keep in mind this is for raw undeveloped land. Kody and the Sister Wives will likely need construction loans to build homes for each wife and their families on the land. However, that took a backseat as their Las Vegas houses that took over a year for all four to sell.
How Much Is Coyote Pass Worth Today?
The Coyote Pass property bought by the five Sister Wives spouses is up significantly in value. In fact, Kody Brown should strongly consider selling the land and cash in while they are on top. Recent sales in the area for Coyote Pass show the 2.5-acre parcel would fetch $230, 000 today. That’s a nearly 33% increase from what the Browns paid, So, overall that makes their $820,000 investment worth approximately $1,100,000.00. That’s close to a $300,000 profit in 18 months!
Sister Wives: Should Kody Brown Sell While Ahead?
As of now, there’s been no building activity on the land owned by the Browns. Well, except for TLC filming crews. Additionally, Kody Brown and legal wife Robyn Brown recently bought a huge 5 bedroom house and an additional parcel of adjacent land for close to $900,000 a few months ago. Sister Wives fans recall Christine Brown already owns a house in Flagstaff, So, only Janelle Brown and Meri Brown still need permanent housing. Selling Coyote Pass would make sense financially. However, Kody hasn’t made the best real estate decisions in the past so don’t count on him making a smart one now.
Sister Wives will be back for season 14 on Sunday, January 5th with a two-hour premiere at 9 pm on TLC.
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