So I still haven't figured out what makes a residential property Buildable-Poor Lot in Fairfax County. I have found out by playing in the tax records that all of the parcels of land on the South Eastern side of Pimmit Drive, and all of the houses on Pimmit Court are listed as Buildable-Poor Lot while all of the houses across the street are Buildable-Average Lot.
When looking at Google Maps the only thing that I can tell is what looks like a bike path behind the houses and Lemon Rd Park, so maybe the county has some easement for the path.
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Saturday, May 30, 2009
Saturday, May 9, 2009
Buildable Status
I was poking around Redfin now that things seemed to have settled down again and came across 3212 Glen Carlyn Rd, it is a lot that consists of two parcels totaling 1.78 acres that is bank owned for $600,000.
The bank says it appraised in 2008 for $900,000 which seems high considering it sold in 2006 for $1,040,000. I may have to add this one to the blog for being out of market. If we get one or 2 price drops expect to see data for this one later.
The reason I bring this up is of the two neighboring parcels one has the site description of Buildable-Average Lot and the other is Non-Buildable-Flood Plain. This caused me to wonder what impact the site description has on the houses value if any.
Lets look at one of our test cases, 7301 Pimmit Ct., which has a site description of Buildable-Poor Lot. Scouring the Fairfax County website only comes back with a Validation Request, which basically says that when the lot was originally zoned, in 1954, it was determined that a house could be built on the lot.
If the status in 1954 is poor for building I think I will have to do more digging to see why with 0.41 acres it is a poor lot for building. It really makes you wonder if lots were zoned according to the standards of today if houses would still be allowed on the lots.
If anyone knows any more about the site description field feel free to leave a comment in the comments section.
The bank says it appraised in 2008 for $900,000 which seems high considering it sold in 2006 for $1,040,000. I may have to add this one to the blog for being out of market. If we get one or 2 price drops expect to see data for this one later.
The reason I bring this up is of the two neighboring parcels one has the site description of Buildable-Average Lot and the other is Non-Buildable-Flood Plain. This caused me to wonder what impact the site description has on the houses value if any.
Lets look at one of our test cases, 7301 Pimmit Ct., which has a site description of Buildable-Poor Lot. Scouring the Fairfax County website only comes back with a Validation Request, which basically says that when the lot was originally zoned, in 1954, it was determined that a house could be built on the lot.
If the status in 1954 is poor for building I think I will have to do more digging to see why with 0.41 acres it is a poor lot for building. It really makes you wonder if lots were zoned according to the standards of today if houses would still be allowed on the lots.
If anyone knows any more about the site description field feel free to leave a comment in the comments section.
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