Bay Park 5 Acres $195k

[jpinpb]

The realtor’s very own description on his website: topography: Slope Gentle, Slope Steep
I think they’re trying to sell it w/the neighboring house, 800k something. As everyone else said, seems like it would be a nightmare to develop.

[NotCranky]

Between the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.

One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.

Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!

Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.

[NotCranky]

Between the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.

One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.

Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!

Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.

[NotCranky]

Between the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.

One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.

Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!

Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.

[NotCranky]

Between the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.

One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.

Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!

Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.

[NotCranky]

Between the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.

One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.

Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!

Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.

[Bugs]

I’m no mindreader but I’ll bet the original plan was to scrape the house, use that parcel to provide the access to the rear site; get the site rezoned for mutiple parcels, build some townhomes or detached SFRs on a condo map and sell them off at a profit.

On paper it might have looked good, but by the time an architect has to start dealing with infrastructure and topography the complication factor blows up exponentially. There’s almost certainly some hillside and drainage overlays .

I’m thinking someone got in way over their head.

[Bugs]

I’m no mindreader but I’ll bet the original plan was to scrape the house, use that parcel to provide the access to the rear site; get the site rezoned for mutiple parcels, build some townhomes or detached SFRs on a condo map and sell them off at a profit.

On paper it might have looked good, but by the time an architect has to start dealing with infrastructure and topography the complication factor blows up exponentially. There’s almost certainly some hillside and drainage overlays .

I’m thinking someone got in way over their head.

[Bugs]

I’m no mindreader but I’ll bet the original plan was to scrape the house, use that parcel to provide the access to the rear site; get the site rezoned for mutiple parcels, build some townhomes or detached SFRs on a condo map and sell them off at a profit.

On paper it might have looked good, but by the time an architect has to start dealing with infrastructure and topography the complication factor blows up exponentially. There’s almost certainly some hillside and drainage overlays .

I’m thinking someone got in way over their head.

[Bugs]

I’m no mindreader but I’ll bet the original plan was to scrape the house, use that parcel to provide the access to the rear site; get the site rezoned for mutiple parcels, build some townhomes or detached SFRs on a condo map and sell them off at a profit.

On paper it might have looked good, but by the time an architect has to start dealing with infrastructure and topography the complication factor blows up exponentially. There’s almost certainly some hillside and drainage overlays .

I’m thinking someone got in way over their head.

[Bugs]

I’m no mindreader but I’ll bet the original plan was to scrape the house, use that parcel to provide the access to the rear site; get the site rezoned for mutiple parcels, build some townhomes or detached SFRs on a condo map and sell them off at a profit.

On paper it might have looked good, but by the time an architect has to start dealing with infrastructure and topography the complication factor blows up exponentially. There’s almost certainly some hillside and drainage overlays .

I’m thinking someone got in way over their head.

[Anonymous]

Can’t the parcel be broken and sold to Houses surrounding it. So they can just use it for there backyards officially.
80K X 4 homes..should be good for a quick profit.
Just a dumb question. If that was your million $ ticket, buy me a beer, I am happy..

[Anonymous]

Can’t the parcel be broken and sold to Houses surrounding it. So they can just use it for there backyards officially.
80K X 4 homes..should be good for a quick profit.
Just a dumb question. If that was your million $ ticket, buy me a beer, I am happy..

[Anonymous]

Can’t the parcel be broken and sold to Houses surrounding it. So they can just use it for there backyards officially.
80K X 4 homes..should be good for a quick profit.
Just a dumb question. If that was your million $ ticket, buy me a beer, I am happy..

[Anonymous]

Can’t the parcel be broken and sold to Houses surrounding it. So they can just use it for there backyards officially.
80K X 4 homes..should be good for a quick profit.
Just a dumb question. If that was your million $ ticket, buy me a beer, I am happy..

[Author]

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