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Updated about 9 years ago on . Most recent reply
how do you determine empty lot values?
I'm selling 3 lots that are on the same street. But I am unsure of how to get value on one of them. The street has both mobile homes and single family residences on them. The SFR is pretty straightforward but the other two lots are vacant land (there were mobile homes on there but have since been removed).
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You can research the assessed value of the property through the county. However, this is just a point of reference. To determine the market resale value, utilize Craigslist, Land Watch, Land and Farm, EBay, Zillow, and/or any other other online resource to collect comps for vacant properties of similar size in nearby areas. The best comparisons will be within the same zip code with properties that have similar zoning. It's not an exact science and there is not a lot of data out there, but at least you will obtain a point of reference.