continuing the best subdivide guide on x
step 3.5:
find a county that has healthy subdivide multiples
in this example you'll see that for calhoun county the median ppa for 20-40 acres is ~$5k/pa and the median ppa for 1-5 acres is ~$15.7k/pa.
Step Four: Will You Add Value?
Next, you need to compare the price/acre of your original lot to your new lots.
For this, we use Zillow. First, we want to confirm the market value of the larger parcel. I'm looking at comps for 40-acre lots. The market value is roughly $5k/acre.
if anyone is looking for a land realtor comment or send me a dm of what county and i'll send you the top 10 based on how much they've sold in the last year, how fast, and how big
continuing the best subdivide guide on x
step 3.5:
find a county that has healthy subdivide multiples
in this example you'll see that for calhoun county the median ppa for 20-40 acres is ~$5k/pa and the median ppa for 1-5 acres is ~$15.7k/pa.
Step Four: Will You Add Value?
Next, you need to compare the price/acre of your original lot to your new lots.
For this, we use Zillow. First, we want to confirm the market value of the larger parcel. I'm looking at comps for 40-acre lots. The market value is roughly $5k/acre.
subdivide data is in early preview, but if you wanna set custom acreage ranges and explore the data yourself you can get access here: https://t.co/2bDHKgXR9V
send me a dm if you want me to run the numbers for you for a particular range and county
shout out to @landlawyerbrian for the goated guide on subdividing land
each time you ask an ai to think for you, do:
- 10 push ups
- 10 squats
- 5 pull ups
- 5 leg raises
your brain may rot but at least your body will bit fit af
then I was able to roll this up and provide an aggregate taxable land value appreciation for every zip code, county, and state
of course this is limited by listings only on the market and even then some of the taxable land history is not always available
just rolled out land appreciation stats for the entire country
for those of you looking to buy land and hold it long term, this may be useful.
and for those looking to just flip, this could be seen as a safety net if your listing is taking longer than anticipated to sell