All Forum Posts by: Christopher Hauser

My wife and I live immediately alongside Lee Hwy in Arlington, VA near Spout Run and our house is zoned for development. We are generating options for what to do with the land:

1. sell it as a residence (is zoned for townhouses or condos)

2. get an appraisal for it's value to a developer

- spoken to two developers and have their estimated value

3. combine it with two adjacent properties to form the end of the entire block, same zoning, for a larger parcel to allow for extra dense deveopment (when the parcel exceeds 20k sq in land, can do 10% bonus dev)

4. partner with a developer and keep some the result

5. develop the property ourselves and sell off the results

6. other ideas?

Regarding schools - North Arlington is much nicer than South Arlington, so schools are nicer up north.  Some neighborhoods, like ours, allow for a choice of two schools by right, and two more by lottery, for elementary.  The elementary and middle schools are excellent, the the high schools are pretty good.  In nearby adjacent McLean, all the schools seem to be rated excellent, even for high school.

Connect to me and I can share what I've seen.

Also, I'd like to join or form an RE group, and network with members.  I'm really looking for a multifamily, preferably in the DC area, or a metro area that I know.

Chris

How was the workshop?

Hi Troy, what numbers were used to arrive at the sale price of $223,000?

I'm interested in joining the next Meetup here. I'm a beginner, done one deal, but looking to do more. I'm based in Arlington, VA, and interested in buy and hold, either solo or with (preferred) with partners.