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Updated over 7 years ago,
Looking for advice on a 2+ acre parcel in DFW metroplex
Trying to lock up a parcel in a residential area mostly built in the mid to late 50's - approx 1300 to 1800 sqft houses on 7500 to 10000 sqft lots that when remodeled can go for $200k to $250k.
The parcel is already zoned appropriately, but will need to be subdivided into about 10 to 12 lots (depending on layout and easements, utilities, etc.). It's in the middle of a residential area - a corner with two streets, all utilities readily available, so I'm thinking run one street down the middle with the necessary infrastructure.
I wanted to buy a lot and GC a new house, myself, but I found this parcel and it's presenting a lot of new issues I had never considered.
I know this is tremendously oversimplified, but can someone that's done this before ballpark me an idea of the process, time involved, and most importantly, COST.
Thanks!