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Updated over 14 years ago on . Most recent reply

User Stats

41
Posts
11
Votes
Jay Gray
  • Real Estate Investor
  • Sacramento, CA
11
Votes |
41
Posts

Where to find lot/land value for area? (scrape calculations!)

Jay Gray
  • Real Estate Investor
  • Sacramento, CA
Posted

There's a place I am semi-looking at with about 5 acres of land. It has a 6000sf newer custom home that was in the progress of being built.
Basically frame, windows & tile roof is up. Interior is untouched from there... not sure of plumbing, but I'll know later this afternoon.

Bank is asking what amounts to about $120k per acre. I think they are being silly, but I'd like to find out what bare undeveloped land in the area goes for.

My thought is I could get a deal on the land and the partially completed house basically gets thrown in, finish out the home & then you have something.

For what it's worth, I think comparable completed houses in the area go for around $750k

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