Friday, November 2, 2012

MONEY 18 - LAND DEVELOPMENT #6


THIS IS MY 18TH POST ON UNDERSTANDING MONEY TOOLS

Land Development Part 6

Now, we’ll take a brief look at Parcels 3 and 4.  Again, if it is convenient please go to my website: www.premierewisconsinland.com.

Parcel 3 totals 10 acres.  The water ditch that flows through Parcel 2 extends through this section and eventually the water flows to the Rock River to the north.  This ditch divides off two acres on the eastern side of the parcel.  Prior to construction of the highway there was considerable slope to the east.  Here our strategy was to use extra clean dirt that the DOT wanted to truck off, and fill this sloping area.  Again, similar to the other parcels we first removed existing topsoil.  After completing perc tests in case a septic type of sewage system needed to be used we isolated enough land (100’X400’) and did not compress this area with heavy equipment.  This would be adequate for 15-20 condos or apartments.  Single family homes would not be an issue.  We brought in about 25,000 cubic yards of clean dirt and replaced the topsoil for farming purposes until the real estate market returns.  On the southern border we took advantage of the DOT’s highway demolition work and received crushed concrete to create berms.

The best usage for this acreage would be single family homes or low multi-family, probably nice apartments.  With permission by the DNR we would like to create a walking bridge across the water ditch and make a park out of 2 acres for the residents of this area.  In conjunction with the DOT we placed commercial weight and size culverts for entry to the land.

On Parcel 4 we did very little work. This is a beautiful 84 acre parcel, treed with varying topography and views.  It adjoins a State nature conservancy on the northwest side. It would be prime land for a few expensive homes on sites of 5 acres or more.  A septic system or alternative septic system could be used.  Water is not an issue.  Good, clean potable water can be obtained from wells, which is common to the area. We placed commercial weight culverts for entrances to the property.




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