Land Acquisition Log

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Revision as of 22:14, 5 September 2022 by Marcin (talk | contribs) (→‎Good)
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Mon Sep 5, 2022

Good

  • $13k&18k next to each other - 719 S 10th - https://www.zillow.com/homedetails/717-S-10th-St-Saint-Joseph-MO-64501/215118708_zpid/]. Maps - [1]
  • $20k 1 acre, house 5 houses south 1300 sf sold for $250k[2]. Location - 2931 S 28th St, Saint Joseph, MO 64503 - [2931 S 28th St, Saint Joseph, MO 64503] across from rec center.
  • $20k with $300k homes around corner is small development - while rest is ghetto, 1/2 acre [3]. 5810 Diagonal Rd, Saint Joseph, MO 64504 - map - [4]
  • $35k with 250+ comps [5]. After Frederick Ave on way to Home Depot - 3106 N 39th Terrace - [6]
  • $39.9k 1/3 acre, subdiv, 250+ comps with 2 more lots close [7]. By Menards - 2713 Meadow Ridge Dr
  • 1.1acre $40k. A 1929 home, 1100 sf sold for $140k around corner. By Menards area - 1032 Mason Rd - [8]
  • $36k-40k lots. 775 sf sold for $270k in subdivision. [9]. Also by Menards area - 6309 Oakridge Ct
  • HOA with builder approval - $40k new subdivision [10]

Exploration

  • Nice area from before - 'developer has to approve plans' - [11]
  • 30 acres for $600k st. joseph- all zoned for development. That's a steal for a village. [12]
  • $42k, 1/2 acre - st. joseph. Nice urban sprawl land. [13]
  • What not to get? $20k 1/3 acre lot with homes the same value as the land, but across the highway is $630k. [14]

Fri Sep 2, 2022

Hi Tiffany,

I just called you regarding the lot at 717 S. 10th street in St. Joseph. We train builders, and we are planning on building 3 homes in November of this year. We are looking for 3 buildable lots. Our needs for land are described more in the attached document - the Land Requirement. You can find out more about our work in my 4 minute Global Village Construction Set TED Talk.

We are looking for 2 lots close to each other, and a third one elsewhere. Our home base is Maysville, MO, so we are looking within a 1 hour driving radius of our location. We are interested in lots in St. Joseph as our first preference.

Please let me know if the lot above meets our requirements, and let me know if you have other suitable properties.

Thanks, Marcin


719 S 10th measures 44.44 and 717 measures 88.88 X 140. As for the zoning it is zoned C-2 for our downtown business district. The soil has not been tested and there are no surveys. As far as I know there can be utilities. If I remember correctly the utility companies take them and then replace them when needed but I can definitely check on that and I believe that it would be overhead. The utility companies are Evergy for electricity, Missouri American Water, Optimum for television and internet, sewer through the city and Spire for gas. There isn't a homeowners associations that we are aware of and just on the outskirts of one of our biggest historic districts "Museum Hill". The title should be clear as my seller just purchased the properties back in February. As for the comps how close or far would you like them? Theres some on my street on S 13th, 619 S 13th Street that closed 08/20/2021 for $247,500, 601 S 13th Street $144,001 closed on 01/07/2022, 624 S 13th Street closed on 03/04/2022 for $104,300, 1010 Messanie closed on 05/09/2022 for $93,000, 720 S 10th, right across the street closed on 03/29/2022 for $159,900 & 706 S 14th Street closed on 03/28/2022 for $91,300. Those are the highest selling homes that have sold withing the year I have comps for that are within .29 miles radius. Some don't meet the $166+ and the one right across the street falls a bit shy. Please let me know if you'd like me to find out about the utilities or if you have anyother questions I can help with. Sorry for the late reply. Thank you!

  • 720 S 10th across street just sold for $159k 4/22 - 1869 home 2600 sf, [15]
  • 624 S 13th St - 1940 home, 1226 sf, sold for $104k [16] - but across the street is a B&B for $247k closed on 8/20/21.
  • 601 S 13th St - 1887 brick - sold for $144k 1/22 [17]. Maps [18]

Hi Tiffany, Thank you for the information. If it is C-2 - does C-2 allow for residential construction? Does the bigger lot allow for 2 homes, and the smaller for one? Is it C-2 for both lots, or just the larger one? Can you please find out from Evergy what the utility hookup cost would be for the 2 lots? And what the city charges to connect to water/sewer? We don't require gas. How would we get a definite answer for whether the Rosebud home model would be allowed in the neighborhood? Does that require talking to the city? Do you have a contact for whom we would reach out to at the city - or can you find that out for us if Museum Hill has any home style restrictions? For the comps, yes, going out to 0.29 miles out seems like a similar kind of neighborhood - can you get some more sale prices - especially in last 6 months? New homes would probably be a closer comparison, but it may be tough to find new homes in the area. Do you have a feel for what our 1000 square foot 2 bed/2 bath home would sell for if we built on the 717 S 10th lots? Thanks, Marcin

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