I inherited an acre of property a few years ago and decided to sell it because the taxes were super high and I don’t want to pay them. It’s been sitting empty for over 40 years, it is waterfront, and in a nice neighborhood. So I thought it would be nice to unload and let someone build a nice house there. It took 18 months to get an offer (put it up right before lumber went sky high), but finally got an offer about 6 months ago. Even though the property perc’d about 20 years ago, it didn’t this time.
The buyer couldn’t get an easement for septic. There is no sewer. The HOA won’t allow use for recreation. I went to get a septic plan and permit done (advised by my real estate agent) and the engineering company says no septic can be put on the property, period. Something about it being too sandy, even though it is fully wooded. I’m not sure I completely understand, honestly.
Anyway, buyers backed out. The sales price was $275k and they offered me $30k for the lot as-is and the sale fell through.
Now I feel like I’m stuck with a non buildable piece of crap that is going to keep costing me $5k+ a year in taxes. I don’t want that. I’ve got an appointment with my real estate agent tomorrow to talk things over, but I’d love to come into the meeting with some fresh ideas or thoughts as to options of what I can do with this huge turd I’ve got on my hands. I hoped to unload this before 10/31 when I have to pay another $2500 but I’m guessing that isn’t happening.