Piece of paper and empty lot gets whopping 2.6% haircut.
Don’t be fooled like so many anxious buyer. The price is for a level dirt lot and a set of approved plans for a 2500 sq ft home.
Let’s just guess that it will take $300 sqft to build and if you are lucky 12 months. You drop a mil, spend $750K and a year later you have a $1.7 mil home. Unless there’s overages, or you opt for the nice counter-top, or better landscaping, or it takes longer than 12 months….
Makes perfect sense.