Turtle Trail Ln

Description

302 DOOR FRONT - Windjammer Point Development with 2 lakes, city water , roads, graded elevation and drainage swales, sewer, Electric and Communication hookup agreements, all engineering is completed, each door front is currently priced at $30,000 each in ST. JAMES CITY, FLFULLY ENTITLED LAND VALUE formula:National Standard For Residential and/or Door Front Land valuation With Full Entitlements and All Infrastructure In Place is 20% - 25% of appraised (as built door front) - As of 12-27-2021 we have an appraised (as built) value of $500,000 per door front.Therefor The Land value is $100,000 - $125,000 of appraised (as built door front)Partially entitled with partial infrastructure: (Lakes, Grading, Drainage Swales, city Water & Sewer hookup agreements) is generally priced at 6% of appraised (as built door front value is $500,000 x 6%) = $30,000 x 302 approved door fronts = $9,060,000Fully Entitled with partial infrastructure: (Lakes, Grading, Drainage Swales and city Water & Sewer hookup agreements) is generally priced at 12% of appraised (as built door front value which is $500,000 x 12%) = $60,000 x 302 approved door fronts = $18,120,000