In Wilmington, there are very few buildable lots. Most are fairly expensive (+$200,000), especially the closer you get to the beach. We are trying to build within a certain school district and between our parents houses, so that limits our lot choices a bunch. What we do have in our favor is we don't want a huge house, so out of an initial budget of $300,000 we can spend much more on a lot than the average person would be willing to.
Today we drove around and looked at about 14 lots that either met or nearly met our criteria. There were two or three that we could live with and one that LeAnne found while driving around that is absolutely perfect. At .56 acres, it's definitely big enough. It's listed at $170,000 and that is way up there obviously, but it's at the end of a Cul-de-sac, has no HOA and is bordered by two unbuildable common areas of two neighboring developments. It feels like we're living out in the boonies- something we've always aspired to, though after living in Santa Monica for awhile we still have some city living in us. This lot feels like the best of both worlds- we can't for the life of us figure out why no one has built on this lot yet. I'm going to have to revise our initial 1800 sq ft. house down to 1300 sq. ft and see if we could make it work with this lot.
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