Profile picture for BAS2

What is a rule of thumb for the value of a lot verses property with a residence?

  • October 01 2013 - Cape Coral
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Answers (3)

Profile picture for CallTheSisters
There is no rule of thumb.  Some building lots are worth a couple of thousand dollars.  Some are worth a couple of hundred thousand dollars.

Location, size, desirability,utilities available, level, view, lake front etc all affect the ultimate value.
  • October 01 2013
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Profile picture for Blue Nile
1) You could check the ratio between structures and land with the county tax records; but that may not be at all representative.

2) You can try the website homesand.net, as that provides a breakdown between land and structure; but it is only an estimate and not necessarily applicable for your purposes.
  • October 01 2013
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What do you mean? Location affects the ratio dramatically. The improvements should be at least worth what the lot is worth otherwise the effort involved in improving becomes marginal. What are you attempting to do or contemplating? Your question needs clarification.
  • October 01 2013
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