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Updated about 8 years ago on . Most recent reply

Enrique Selman's profile image
Enrique Selman's profile image
Enrique Selman
  • Realtor
  • from Nashville, TN
  • Member since Feb 20, 2017
  • Posts 58
  • Votes 13
  • Experience 8 Yrs
  • Investments 1
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Enrique Selman's profile image
Enrique Selman's profile image
Enrique Selman
  • Realtor
  • from Nashville, TN
  • Member since Feb 20, 2017
  • Posts 58
  • Votes 13
  • Experience 8 Yrs
  • Investments 1
Connect
Enrique Selman
  • Realtor
  • Nashville, TN
13
Votes |
58
Posts
Land & New Construction

Burned down lot wanting to rebuild

Enrique Selman
  • Realtor
  • Nashville, TN
Posted
I have a property in my neighborhood that burned down 3 years ago, I'm thinking of making an offer to the owners of the lot, does anyone know what current developers are charging for a rebuild in the Nashville TN market? So I can figure out the costs and ARV the land value is 26k and the lot is 0.26 acres Thanks
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Sean Davidson's profile image
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Sean Davidson
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  • from Nashville, TN
  • Member since Oct 16, 2016
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Sean Davidson's profile image
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Sean Davidson
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  • from Nashville, TN
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Sean Davidson
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  • Nashville, TN
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Sean Davidson
  • Investor
  • Nashville, TN
Replied

Entirely based on where it is, but a good rule for lot value is a fifth of new build comps. If there are no new builds in the area, then a developer won't touch it. 

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