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5.6 Acres of land; terrific location & good frontage on 2 roads. Very good potential possibilities! The elevation of the property appears to be good for the area & there is a stream that runs through more of the east side of the property & it flows along the front of the property. Most properties around the area have 1/4 acre lots. When development is done, about 1/3 of the land is used for common space & roads, etc. Therefore, the amount of space that could be subdivided is about 3.75 acres. Multiply that by 4 & that will give about 15 building lots. Average price of houses sold within 1/2 mile of this land is $360,000. If new construction, the price of homes would be averaging about $412,500. Multiply that by 15 & the total gross amount will be somewhere around $6,187,500. The cost affiliated with the development of each lot will probably be somewhere around $60,000 per lot. That will cost around $900,000. There will also be a large amount of money that will be required to do a "Major Sub-Division". That cost will probably be somewhere around the price of $250,000 but the price is now way lowered to $199,900. Subtract that from $6,187,500 and the gross income (not including cost of land) will be about $5,037,500. Typically, builders don't want to pay anymore than 15% to 20% of the total price for land. Therefore, according to this structure, the land value may be somewhere between $756,000 - $1,008,000. There are other options as well: This property is Zoned "S" Suburban: Here is what the New Castle County website indicates can happen with this property: Suburban (S). This district permits a wide range of residential uses, including all the newly developing areas designed as growth areas in the Comprehensive Development Plan. Moderate to high density residential development is permitted in a manner consistent with providing a high quality suburban character. Significant areas of open space and/or landscaping are required to maintain the balan
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Datil, NM
Posted on: February 14
Great horse property on 87 acres. There is a well with casing, not hooked up to a power source. Excellent grass land with some tree coverage. Great views of the surrounding mountains...
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Rociada, NM
Posted on: February 14
Pendaries Golf Resort. Unique opportunity to own property to build your own dream house with world-class golfing! All lots are priced to sell! Motivated seller....
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Abiquiu, NM
Posted on: February 14
Two 3-acre parcels on level terrain with easy access to State Rd. 554, approximately 1 mile to pavement. Gorgeous 360 views in all directions, including views of the Sangre de Cristos, the Jemez Mountains, and the Sierra Negra . The property is surrounded by mountains, hills, and valleys with Cerro Pedernal in the distance. This area is a wonderful place for horse riding or hiking. The immediate a...
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Datil, NM
Posted on: February 14
- Located in the Last Frontier Subdivision 23 miles southwest of Datil NM this property features privacy and seclusion with impressive glimpses of Sugarloaf and Horse mountain. Containing 10.26 acres of Juniper/Pinion rolling terrain, the neighborhood is very quite and is home to a variety of wildlife including elk, mule deer, mountain lion, bear, and eagles. Improvements include a cased well that...
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Datil, NM
Posted on: February 14
This heavily wooded 6.4 acre lot is conveniently located adjacent to the community center and community well.Electricity nearby, landline phone with DSL on the lot line.Close to the entrance to 5000 acres of BLM land.Great property for a vacation home, hunting cabin or a permanent residence....
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Fraudsters advertise a real estate property usually at a considerable discount. This allows the fraudster to
receive as many replies or inquiries as possible. The fraudster goest to great lengths to make this property
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