Cost To Subdivide 10-15 Acres?

I have been searching all afternoon to find a cost per acre for subdividing a wooded lot. The lot is list at $400K and I am trying to determine the feasibility of subdividing the acreage and still profiting. Will the cost of power, sewage and a roadway with a dead end overrun the profitability? I am considering splitting the acreage into .5 acre or 1+acre lots. This would be my first development.



Type: vacantland

Divisible: yes

Total Acres: 10.9

Zoning: R-3



Land Status (cleared, undeveloped, rough, pad ready, etc.): undeveloped - Wooded



Utility

Sewer Line Size/Capacity (gallons/day): 8"

[ Edited by disque7171 on Date 06/28/2007 ]

Comments(3)

  • MFBuild27th June, 2007

    Need more info.

    What is current zoning? Is splitting the property a possibility? Are you required to provide the site improvements to subdivide? What does a comaprable sized lot sell for in the area? Do you want to develop/build or sell lots to builders once zoned and improved?

  • disque717128th June, 2007

    Type: vacantland
    Divisible: yes
    Total Acres: 10.9
    Zoning: R-3

    Land Status (cleared, undeveloped, rough, pad ready, etc.): undeveloped - Wooded

    Utility
    Sewer Line Size/Capacity (gallons/day): 8"

    Please let me know if I can provide any information that may be of help.

  • disque717123rd July, 2007

    what is your recommended entrance into real estate?

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