The old suburban office park is the new American ghost town • Hacker News Board

Post by gregpilling » Sun, Aug 02, 2015, 4:38 AM UTC

girvo wrote: post #335

gregpilling wrote: post #307

Earlier quoted context omitted.

Agreed. I spent two years getting a piece of property split in an unusual way. It was totally legal, just weird enough that it encountered friction at every imaginable level. Everyone at the city, county level, even attorneys that should have understood reacted with "whoa, wait a minute" at each stage. At the end it was worth it, a nice return for the time spent. But not easy, and certainly not clearly understood.

I'd love to know more about what you did, if you'd be willing to share the story? Sounds fascinating.

I had a 6.2 acre lot in an area that was zoned for 3.3 acre lots. I could not get a variance, so I purchased a tiny sliver of useless land from a neighbor. It was a strip of land on a gas line easement and thus totally unusable. It only connected to my property for 10 feet of property line, but I was able to purchase the neighbors unusable land (he had 4.5 acres to start with, losing .4 left him with 4.1 and still over the 3.3 minimum). So I combined the 6.2 and .4 acre lots into one and then re-split them.

So the order of operations was: 1 Buy 6.2 acre lot 2 buy .4 acre slice of easement 3 get lots surveyed and combined 4 survey lots again for split 5 apply to county for split 6 get split but have to sell both halves on the same day because mortgage company would not release the lien on only one half of original property. 7 $$Profit$$

about 2 years and made about $100,000 net. Total sale was $440,000 of both properties and one house.