How To Find Land Value?

[Blake Grzybowski]

I'm starting out in wholesaling and I have a seller looking to sell a property where the home had a gas explosion and is completely destroyed. I tried getting a price out of the seller, but they have no idea and are completely lost in the whole situation. It's in a very nice neighborhood near a golf course and great schools. Homes in the area are selling for around $450k-$500k depending on size (3k+ sqft, 3bd+, 2ba+). I haven't called any builders and plan on doing so, but I just wonder if there is a quick, dirty way for me to get an idea on the land price outside of the land value on county website? I posted this in another forum but wasn't sure which would be the best spot so I'm putting it here as well.

[John Zajac]

I use 15-17% of the most recently sold new construction in the area with the same square footage or you can use price per square foot in the area depending on what information you have access to. If you really want to learn and get your hands dirty and always know I would use something like FlipperForce and get the actual numbers yourself.