Land deal near Orlando

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Land deal near Orlando

Real Estate Coach · Los Angeles · Member since 2023 · 171 posts · 21 votes

Hello,
I currently have a purchase and sales agreement under contract.
10,036 sqft 0.22 Acres $54,000
Utilities water / Sewer - to be completed in 2 months by city
Land is 70% filled and ready to build
There are 5-10 new small trees that have grown.
1.There are no Taxes, Liens or Violations on this vacant land.

2.Great for a Single family home and it could be one or two stories.The lot has been plated and zoned for either single family home
or a two-family home. Cannot be subdivided

3. HomeOwners Association and the Annual Fee is $301 per year per lot or house.
This could be paid monthly, quarterly or annually.

4.Residential single family impact fees are 12,825$
Multi family / duplex is 8k$ on each section of the home.

5. Water department:
Meter installation of the water for the land would be
325$ once application is filled up.

Florida Power and Light:
58$ for electric meter installation.


The sewer and water installation will be completed in 2 months and the price is going to be higher. Most of the buyers want to be already installed before they buy it. But isn't it a better investment for them to buy it before the installation is being completed?

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  • Real Estate Agent · Winter Garden, FL · Member since 2017 · 57 posts · 28 votes
    3y

    Where is this land located? Welcome to DM me.  If it's zoned for multifamily I may have a buyer.  

  • Real Estate Coach · Los Angeles · Member since 2023 · 171 posts · 21 votes
    3y

    In Poinciana. Great. I'll DM you. Thank you

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