Someone asked if I would buy the property without the pond. The answer is yes. Shared pond or not, I am walking into about $250k of equity on the property since it is a foreclosure. We are purchasing a 4000 sq foot home on 7 acres with the pond for nearly the same price we paid for a 1600 sq foot home on 1/2 acre when we were fresh out of college years ago.....so yes, pond or not it is a good buy.
The shallow end that the neighbors have is SHALLOW. From the invisible line splitting the pond in half to their end is about 2' deep and you can see the bottom all the way across. Not sure how deep the dam end is yet but I can see atleast 4' deep water around the edges. I would guess it's probably 6'-7' deep max.
Anyways, guess I need to get the know the neighbors first.
