johnnydrama Posted June 11, 2008 Share Posted June 11, 2008 Can anyone tell me the land value in midtown? Of course it depends on location, but just wanted a ballpark figure for any properties traded within the past year. Quote Link to comment Share on other sites More sharing options...
Mr. Chenevert Posted June 11, 2008 Share Posted June 11, 2008 Can anyone tell me the land value in midtown? Of course it depends on location, but just wanted a ballpark figure for any properties traded within the past year.I've seen some lots go for $60/sqft and Ive seen some lots go for double that all in the past 12 months.go to http://www.commgate.com/Do a property search. The code for Midtown is 220.Have fun... Quote Link to comment Share on other sites More sharing options...
gazhomme Posted June 11, 2008 Share Posted June 11, 2008 Can anyone tell me the land value in midtown? Of course it depends on location, but just wanted a ballpark figure for any properties traded within the past year.I've been doing some research to fight my property taxes and HCAD has raised land values by 125% across the board in my developments case. I put everything into a spreadsheet and what I discovered is that they adjust the land values up to 125% compared to last year and then adjust the improved value accordingly. Quote Link to comment Share on other sites More sharing options...
johnnydrama Posted June 11, 2008 Author Share Posted June 11, 2008 I've seen some lots go for $60/sqft and Ive seen some lots go for double that all in the past 12 months.go to http://www.commgate.com/Do a property search. The code for Midtown is 220.Have fun...Thanks. I've seen some recent listings in the upper $70's/sf for land with obsolete structures on top. I'm not a developer, but I just don't see the economics working at that price. I also don't see the price of townhomes increasing at those rates. Must be the national retailers driving up the price? Quote Link to comment Share on other sites More sharing options...
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