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Updated about 6 years ago,
Excellent Building Lots 30 Minutes to Downtown Nashville!!
New 30-Lot Subdivision in Springfield, TN. Phase 1 (13 Lots) will be available to build on in January. Lots include water & sewer taps, underground electric, flat building pads and graded front yards/driveways. These lots will be ready to build on--you don't have to do anything but build the house. Deed restrictions on houses: minimum 1600 sq ft, exterior must be hardie board, brick, or stone.
Here's what the numbers may look like for you if your lot cost is 60k all in:
Lot -- $60k
2100 sq ft house -- $184k (1700 sq ft * $100 downstairs + 400 sq ft * $35 bonus room)
Realty + Closing Costs -- ~$23k
Profit -- $25k
Total (Desired Sales Price) -- $292,000 = ~$139/sq ft
I can show you plenty of comps in Springfield that are going for $139-$145 sq ft. These are nice lots, close to everything! We originally planned to build all 30. However, we are a company that primarily focuses on infrastructure and land development, and we are not really equipped to build 30 houses. Please email me at [email protected] or text me at (615) 380-7574 if you are interested. Thanks!