Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Buying & Selling Real Estate

User Stats

17
Posts
1
Votes
Elizabeth Pratt
Pro Member
  • Investor
  • Massachusetts
1
Votes |
17
Posts

How to find out if land is developable?

Elizabeth Pratt
Pro Member
  • Investor
  • Massachusetts
Posted Jun 11 2024, 11:25

Good afternoon BP family, 

I have a few questions about land developing and I was hoping to get some clarification. I am a new real estate agent and I'm not very familiar with land. A friend of mine wants to buy some land behind his house in southeastern MA. The land is .15 acres and is "potentially developable". My questions are, how does one go about finding out if this land is developable? As well as how does one best determine pricing for this? I did some research with comps and it looks like the land in this area goes for roughly 100K per acre for developable land. However, one recent sale in the area was 109K for a .15 acre lot, however, it was verified developable and had gas, electric, and water at the street. The land we are looking into is not yet cleared and abuts a dirt road. I believe it does have access to utilities with the exception of sewer. Any feedback or information is welcomed. Thank you!

User Stats

561
Posts
457
Votes
AJ Wong
Agent
  • Real Estate Broker
  • Oregon & California Coasts
457
Votes |
561
Posts
AJ Wong
Agent
  • Real Estate Broker
  • Oregon & California Coasts
Replied Jun 11 2024, 11:40

Local planning department. City and/or county. 

Fathom Realty  Logo