Thanks for the replies.Sorry to be so vague but anonymity is a must. Nothing has ever been built on the parcel.
sdr I may contact you one day about your friend.
Mike the houses vary about as much as can be, from shacks to pretty significant design and construction. You are right about the utilities and this site is going to require trench plate all the way up. It is a little tight and there is some traffic to several houses. I think the land is probably worth about as much as the worst house on the same quality view lot in the area.
Anyway thanks, I see we can’t get too far without a street and cross street.
As far as land prices dropping goes, In the areas I am more familiar with I don’t see that. I see some relative deals to be had where someone is bailing on a project and has already done some work on the infrastructure. There are some cheap looking lots but when I investigate them they have one big shortcoming or another and the owners will be lucky to unload them. Mostly volume has gone off a cliff. Properties that sell may go a some discount to previous highs but most people just won’t sell since real distress is rare as most land is held free and clear. I am talking about single custom home type lots not tract subdivisions which are more apparently subject to steep price cuts. sdr and SDR?
