Why did lot prices double after new road approvals?

kuboking

I figured a basic residential lot outside the main cities would still line up with older listings, but the ones I pulled up last month were asking double for the same footprint.

The broker kept pointing to new access road approvals as the driver (standard right-of-way clearance plus drainage specs). Not sure how much of that actually sticks once you pull the title.

LechonLegend

kuboking those approvals sound solid on paper but the real test is whether the right-of-way has already been annotated on the title or just sits in some municipal plan waiting for funding. I’d start by pulling both the latest tax map and the actual ordinance at the municipal engineering office before the broker’s story locks in the higher number.

kuboking

Went by the municipal engineering office like suggested but the ordinance copy they pulled was still marked “for review” so no annotation on the title or tax map yet. Prices are still jumping though.

sarisarisun

Prices jumping on a review copy feels like the broker running ahead of the actual approval. Until it hits the title or tax map, that right-of-way could still get delayed or changed. Might be worth pulling the latest title history at the registry to see what’s really locked in.

kuboking

Pulled the title history like mentioned but it only shows the last transfer with no pending notes on the right-of-way. Prices are still climbing anyway.