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Where exactly is this land and how long ago did you buy?
I can't even imagine your scenario anywhere convenient anymore. Maybe far, far East Wake County there are some "deals" with a lot of land. But, I just can't imagine getting such a deal anywhere close to the city. I'd imagine that one has to go to Harnett, Franklin or far Southwestrn Chatham Counties.
Obviously, price and affordability to the owner is the key.
There are plenty of properties around, if one can pop $120,000 for 10 acres.
Yes, it might be in an adjoining county, but some in Wake County. It can be done easier than most folks realize.
I have continuous land searches running and fresh stuff comes up every week.
This is an interesting question. On the one hand I agree with Mike that it can happen more often than people realize, on the other I do think some people who post on here come with a very TALL order that isn't very realistic for the price range they quote. Especially when they want a lot of land for minimal $ but still expect to be within 15 minutes of their job RTP. I get the impression that they think All land in the Triangle is cheap. Obviously the cost for so much land will vary by location in the Triangle.
FWIW, if I had the money I would like the idea of larger lot but I would definitely want a large majority of the lot to be wooded. I could not imagine maintaining more than .25 - .50 acres of actual lawn! IMO having more than .50 acres of grass means a lot of mowing, fertilizing, aerating, and watering ect….. Give me a nice stand of trees on a larger lot any day!
Would love to know who builds for $85. a square foot anymore! These days seems like $125. is the bare minimum?
Who said anything about new construction?
A house down the street from us just sold a few months ago. 2700 sq ft house on 1.5 acres. According to the Wake County tax collector, the house sold for $320K and the land is worth $95K of that. That leaves $225K for a 2700 sq ft house = $83/sq ft. The house is less than 10 years old.
I have not shopped for a $200K house in this area, but I would think it would be do-able. You're not going to find it in Morrisville, Cary, Apex, or North Raleigh, but that still leaves a lot of other places.
I just did a quick MLS search and found a 2500 sq ft house built in 1993 on 3/4 acre in Garner.
Where exactly is this land and how long ago did you buy?
I can't even imagine your scenario anywhere convenient anymore. Maybe far, far East Wake County there are some "deals" with a lot of land. But, I just can't imagine getting such a deal anywhere close to the city. I'd imagine that one has to go to Harnett, Franklin or far Southwestrn Chatham Counties.
Unincorporated northern Wake County (above falls lake). We bought in August 2006. Around the same time two other families bought in our area, 5 acres for 50k and 18 acres for 180k. I am about 20 minutes to work, my Dh about 30. I work in Durham and he works in RTP. There are still deals up here and we are not far away at all.
I could not imagine maintaining more than .25 - .50 acres of actual lawn! IMO having more than .50 acres of grass means a lot of mowing, fertilizing, aerating, and watering ect….. Give me a nice stand of trees on a larger lot any day!
My previous house was on 1/5 acre. My back yard was as big as my living room. My front yard was about 2 or 3 times the size of the back yard. I had a push lawnmower - - not self propelled - - and I used to sweat my tooshie off mowing the lawn.
Now I have over 3/4 acre and most of it is grass. BUT. . . . I now have a zero-turn riding mower. Mowing the lawn with one of these things is as easy as going for a Sunday drive
I now have a zero-turn riding mower. Mowing the lawn with one of these things is as easy as going for a Sunday drive
That sounds sweet. I wouldn't mind mowing an acre or so using one those babies. AS long as it has a cup holder for beer that sounds like a great way to spend a late afternoon.
I often see posts for people seeking houses in the sub 200k, looking for a minimum of 3/4 acre and up. I'm sort of puzzled.
Exactly what are people hearing about the Triangle that may lead them to believe that big houses on big lots in the 100k-200k price range are plentiful here in the Triangle?
Also, what exactly, do people do with all that land. I mean, the landscaping requirements of a 3/4 acre seem like a lot of work, and I've seen people looking for much more space than that. Do people really use all that land?
Quite a few relocating people have been told that land is cheap here in Wake County so they don't quite understand that they aren't going to get acres for $100,000!
Most of my clients that want an acre don't want it landscaped. They just want to be able to go to the bathroom without looking out the window and waving at the neighbors in THEIR bathroom!
Vicki
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