All Forum Posts by: Abel Villarreal

@Abel Villarreal - I'm a Civil Engineer in Austin and have worked on several small East Austin projects throughout the past few years. Civil Engineers mainly get involved when someone wants to subdivide/replat a property. A lot of times they put both a primary and an ADU on each new tract. You mentioned 7,000SF so I'm assuming you're planning to at least go the duplex route. Otherwise 5,750SF is all you need (unless you find a lot in one of the infill areas with cottage or urban lot options etc., in which case you can go even smaller). Anyway, I mention all this to say that there is a lot of value that can be added in subdividing if you find a good lot. I think Jordan hit the nail on the head with the prices we're seeing, and if you're going to shell out that much to start you might as well see if you can find one in that price range that could also be subdivided. Of course, subdividing involves a longer permitting time - adding anywhere from 6 to 15 months on top of the 3-4 months you'll already have to do for the building plans (what I've seen).

From my understanding it is one unit plus ADU that can be sold separately if I'm not mistaking…but
how many plots can be made on one lot at 5750 sqft? 4 total units if replatted? Or are you saying 5750 sqft is the minimum given the sf3 zoning and that allows 1 unit plus ADU which can both be sold individually hence the subdivide/replat? I’m trying to see the value in the subdivide/replat scenario.

0 Votes

Austin, Texas

Quote from @Jordan Moorhead:

Building can cost much more with labor and materials now too, all depends on finish level

So given the numbers provided at $250/sqft to build. 7,000 sqft lot allows two units. Maximum buildable would be

2800sqft.

So two units @1400sf would be $700k to build

ARV 1.4million @$520/sqft

Without accounting for any other cost associated with a project like this, seems offer prices would need to be below $300k to make sense… am I missing something? Unless I was the builder and had a much lower cost to build and am undershooting the ARV too conservatively. Seems the lot would need to be well over 7,000sqft to push a higher buildable sqft hence a higher ARV to create more value.

0 Votes

Austin, Texas

What are lots going for over 7,000 sqft zoned sf3 in 78702? What price per sqft are builders building? Any obstacles to look for besides trees and flood zone when coming across a potentially buildable lot with an existing home (teardown)? What has been the turnaround time for the entire buying, permtting, building, etc. to selling the new builds? Thanks.

1 Vote

Austin, Texas

All Forum Posts by: Abel Villarreal

Abel Villarreal has started 1 posts and replied 3 times.

Post: What are lots going for in east Austin in todays market?

Post: What are lots going for in east Austin in todays market?

Post: What are lots going for in east Austin in todays market?