Leucadia lot value?

[Anonymous]

As you probably know the value of the lot is basically the value of whatever can be built on it less costs for construction, loan, plans, permits, carrying, and sales as well as a a minimum profit margin for a builder/developer (10-20%). The wild card on this lot is the cost to bring utilites to the site. 300′ of water, sewer, electric, gas, phone lines will likely be very expensive and will greatly decrease the value of this lot. What is the value of homes in the area?

[NotCranky]

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?

[NotCranky]

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?

[NotCranky]

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?

[NotCranky]

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?

[NotCranky]

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?

[sdrealtor]

Rus
It would be my pleasure to help a Jamulian;)
My friend truly is an expert who understands everything about land including building, grading, utilities, set backs, height restrictions, biological requirements, mitigation, density bonuses, zoning, permitting in the city of Encinitas etc. Best of all she’s a real stright shooter and very realistic (i.e not prone to pie in the sky valuations).

sdr

[sdrealtor]

Rus
It would be my pleasure to help a Jamulian;)
My friend truly is an expert who understands everything about land including building, grading, utilities, set backs, height restrictions, biological requirements, mitigation, density bonuses, zoning, permitting in the city of Encinitas etc. Best of all she’s a real stright shooter and very realistic (i.e not prone to pie in the sky valuations).

sdr

[sdrealtor]

Rus
It would be my pleasure to help a Jamulian;)
My friend truly is an expert who understands everything about land including building, grading, utilities, set backs, height restrictions, biological requirements, mitigation, density bonuses, zoning, permitting in the city of Encinitas etc. Best of all she’s a real stright shooter and very realistic (i.e not prone to pie in the sky valuations).

sdr

[sdrealtor]

Rus
It would be my pleasure to help a Jamulian;)
My friend truly is an expert who understands everything about land including building, grading, utilities, set backs, height restrictions, biological requirements, mitigation, density bonuses, zoning, permitting in the city of Encinitas etc. Best of all she’s a real stright shooter and very realistic (i.e not prone to pie in the sky valuations).

sdr

[sdrealtor]

Rus
It would be my pleasure to help a Jamulian;)
My friend truly is an expert who understands everything about land including building, grading, utilities, set backs, height restrictions, biological requirements, mitigation, density bonuses, zoning, permitting in the city of Encinitas etc. Best of all she’s a real stright shooter and very realistic (i.e not prone to pie in the sky valuations).

sdr

[PadreBrian]

Your friend should have sold it anytime during the last 3 years. He’ll die before land values go back up to those levels. Sounds like either the land is very expensive to build on or some old codger owns it. I’m siding with the codger because he doesn’t want to pay the couple hundred bucks to get it professionally appraised.

[PadreBrian]

Your friend should have sold it anytime during the last 3 years. He’ll die before land values go back up to those levels. Sounds like either the land is very expensive to build on or some old codger owns it. I’m siding with the codger because he doesn’t want to pay the couple hundred bucks to get it professionally appraised.

[PadreBrian]

Your friend should have sold it anytime during the last 3 years. He’ll die before land values go back up to those levels. Sounds like either the land is very expensive to build on or some old codger owns it. I’m siding with the codger because he doesn’t want to pay the couple hundred bucks to get it professionally appraised.

[PadreBrian]

Your friend should have sold it anytime during the last 3 years. He’ll die before land values go back up to those levels. Sounds like either the land is very expensive to build on or some old codger owns it. I’m siding with the codger because he doesn’t want to pay the couple hundred bucks to get it professionally appraised.

[Author]

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