If you could pick it up and plunk it down on 2+acres in another location, holly-cow it would be a rock-star. 

What’s your take on the market heading into 2025?

You will also start paying down more of your principal and in those 10 years rates could fall giving you an opportunity to refinance. 

I've since closed down to focus on other businesses and run my own STR's. 

I live in the city and have a freakish map of it in my head that my wife is still shocked by when she gives me an address ("2100 block of _______Ave.?"

Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build. 

Being part Alaska Native, there was incentive where they would pay your down payment and we utilized that tool!

For example on your $400K sale it might look like: 20% down of $80,000, 65% LTV 1st of $260,000, and a 15% 2nd of $60,000.

If you want to develop it, I can refer you a lender that will lend on a completed subject to appraisal but you'll be limited if you just want it for the lot.If you simply want the land as part of your property, you have more options including a HELOC which you can still use for development down the road. 

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.