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Reply to "Cost of building new in Arlington"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I bought an excellent $2M very nice 6500 SF house from a well regarded builder at the edge of Arlington. He had to pay $800k for a house which he tore down. So I am guessing he could build that for $1.2M.[/quote] What year?[/quote] Not PP but if you look at new home listings in Arlington there are lots of examples like this. In south Arlington it’s pretty common to see land acquired for $700-$800k and the new build to cost $1.7 or 1.8. Land cost in north Arlington is now hovering a $850k-$900k with prices starting at $2.0. [/quote] Y’all are forgetting builder profit. You can’t really get a new build for $2m in a nice part of Arlignton anymore, but let’s say you could, the builder would be making about $300k on that. [/quote]
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