Its only value is to the neighbors.the current owner no doubt bought it at tax sale were these odd strips of properties are usually bought and sold.My dad owned hundreds of these in CA .. left overs from tracts he developed he let them go to taxs each year some one would buy them and we would get the overages on them  LOL.

In this tract neighborhood it looks like the price ceiling is around $325,000, and this mammoth home sold fairly close to that level.

Great place to live, but no good building site that is anywhere near a good commute, extremely high cost of housing ($500k average for a basic 50 year old tract home), no decent public transit, over-all poor education levels in the public schools.

One large tract is currently being developed into SF and MF housing and selling quickly. 

The moment both parties sign, you are bound to that contract, and the way the escrow payment is handled from that point on depends on what the co tract says.

I now have a 2/1 with 6 car garage on 4 acres and another 10 acres tract with roughly $300k in equity between the two leftover parcels.

@Jared Carpenter  the 20k investor etc is one of the toughest to get and manage.. just look at how the crowd funders have had issue with customer service after the fact they get cremated in social media.. too many small investors no way to service a 1000 5 k people just too many.and you will see them complain and you would think they have 500k in the deal not 5k.. what I see happening is this is become HEY I want to do that.. so you have gurus selling how too law firms pitching their set up documents at 10 to 20k a wac and then you have totally inexperienced folks spending the money and then realizing HEY I cant raise any money I have no tract record I have never done this.. man this is hard.. and yes it is.. very hard. 

When I was looking for rentals in the Charlotte area, I decided I only wanted tract homes built on slabs that are on sewers and city water.

http://ui.uncc.edu/display/charlotte-region-population-growth-census-tract @Anthony McDougle Here's the population change in Charlotte.

I am interested in purchasing a 10 acre tract of land on which to build my primary residence.