strange lot for sale in Bethesda

It’s a very small piece of land, house is probably going to be narrow but between site costs and the cost of the land, you’re in about $250K. That’s not bad for MoCo and the school system looks really good. Price is also cheap enough that owners can sit on it and build once rates normalize. If it’s a land loan, they have about 3 years before they need to build.

report

10/11/2023 13:37

Subject: strange lot for sale in Bethesda

quote

Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It went for 77K, someone got a steal.

Um, how so, exactly?

It’s a very small piece of land, house is probably going to be narrow but between site costs and the cost of the land, you’re in about $250K. That’s not bad for MoCo and the school system looks really good. Price is also cheap enough that owners can sit on it and build once rates normalize. If it’s a land loan, they have about 3 years before they need to build.

I wonder if it was an individual or a builder who bought it.

report

10/11/2023 14:07

Subject: strange lot for sale in Bethesda

quote

Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It went for 77K, someone got a steal.

Um, how so, exactly?

It’s a very small piece of land, house is probably going to be narrow but between site costs and the cost of the land, you’re in about $250K. That’s not bad for MoCo and the school system looks really good. Price is also cheap enough that owners can sit on it and build once rates normalize. If it’s a land loan, they have about 3 years before they need to build.

I wonder if it was an individual or a builder who bought it.

If it's an individual I would guess they are at least in a building adjacent field. There's some specialized knowledge that would be helpful to feeling confident about the potential there.