John's 2nd paragraph supports my comment about the way communities are run.

Because so many things can affect a sales price, the income capitalization approach (outlined in Sam's comment) is often the most reliable.

I appreciate your comments across the boards here on BP.

@Paul Halphen is on the money with his labor and sub shortage comments.  

Some answers to your questions & comments: property is located in Racine, WI.  

Any help/comments would be greatly appreciated.

Appreciate any and all advice and comments !

I appreciate any and all advice / comments !

Hello guys and girls…I need help with refinancing and would like your thoughts and comments.

Others will use RLV, but in this post, you have the formula, so whatever method they use, you (or your broker) can do the math for yourselfSo, the general formula would beSales price of home - (minus)Build cost of home, including hard costs and permit fees -Profit (can range anywhere from 3% to 15% depending on what builder, larger/nationals will usually have lower profit margins that they make up with volume) - Finishing costs of lot (per costs above) =Residual land value (RLV) or raw land/raw lot costsNow a few questions/comments/rules of thumb to use:1.