Latest New Construction Spec House in Charlotte, North Carolina
To follow up on the post from here: https://www.biggerpockets.com/forums/44/topics/330...
This land was originally 1 house we purchased from a wholesaler in Charlotte, North Carolina. We subdivided into 2 lots, and sold the first house over the summer. After a few months, the bank lent the money to build the second house. As you can read in the above linked post, my basis in each lot after development (including demo, survey and subdivision cost, utility connections, grading, tree removal, etc) was right around 208k per lot. We completed this home, staged it, and accepted a full price offer within 30 days. Total sq footage was about 5,200 and sales price was 1,250,000. Pics below.