Home Buying in 98103>Question Details

Bgorman, Home Buyer in 98103

What is the typical residential lot size (square feet) in Fremont? Is 3,500 sq ft average or small for the neighborhood?

Asked by Bgorman, 98103 Sun May 30, 2010

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Someone said "lot size does not matter much for value"...not true, especially for older homes vs newer townhomes. So if you can give us some more particulars, that would be helpful.

If it is a potential "teardown" as in small older home, size of lot us hugely important to value, as the value is impacted by what someone might be able to build on that lot in the far distant future. A good way to check that is to see how much of the tax assessed value is attributable to the land vs. the improvement. If th land is the primary valuation point for tax purposes, the size of the lot is more important. If the valuation is 50% or more the improvement vs the land...then the lot size may not be as important.

Still, if you put that same house on a 5,000 or 6,000 square foot lot vs 3,500 sf lot...it clearly would have a different value. So size of lot IS in fact a valuation point. Especially when it is under 5,000 sf.
1 vote Thank Flag Link Sun May 30, 2010
the builders in Nashville, Tn are building 3 story 2000 sq ft houses on 704 sq ft lots as fast as they can get property to build on. One builder put 40 of these houses on one sq block. WHAT IS GOING ON.
Flag Fri May 29, 2015
Bjorman,

That is a little on the small side. It does however depend on where in Freemont you are talking about. As you get closer to the bars and shops the lots get much smaller. Nearly all of them have been converted to condos, townhouses and rentals as well. As you go up the hill however 5-6,000 square foot lots are more the norm.
1 vote Thank Flag Link Sun May 30, 2010
All the answers are right on. Where in Fremont is the lot? What purpose do you want to use the lot? Is there a structure on the property?

Seattle land use code plays a large part in what is small or average. If you check the zoning and the zone is SF 5000, then it may mean that many houses are located on lots that are near the 5000 sf size. A 3000 would be non conforming. if the lot is in an LDT zone, which would allow two units to be built or occupy the lot, thus the 3000 is large. Send me an email if you want me to check the zoining and land use issues for you. danielbretzke.com
0 votes Thank Flag Link Sun May 30, 2010
Fremont tends to have smaller lots. Ardell's answer is good--about what your use of the land is going to be. My lot on Queen Anne is 5000. They seem to go between 4000 and 6000 sq. ft. there. By the way, it's spelled Fremont people! Don't forget the Solstice Parade!
Web Reference: http://SeattleHomeBuzz.com/
0 votes Thank Flag Link Sun May 30, 2010
That lot size is typical for certain neighborhoods and price ranges.
0 votes Thank Flag Link Sun May 30, 2010
As stated previously, there are a lot of small lots in Freemont, so the size will not matter too much for value. The main thing is, is the lot big enough for you, or would a little bigger lot be better. There are so many other factors, that size of the lot is just one of them. You should be discussing these issues with your agent if you have one. If not, I would suggest you start working with one right away.

I have suggested in past posts, and will continue to suggest in the future, that as a buyer you Google every agent that responds to your question here on Trulia, learn as much as you can about who they are online, read their client testimonials, so you know what their clients are saying about them, and then give us each a call and just ask us why we think you should work with us instead of another agent. Then, pick the best fit for you and let them go to work for you with the skill and knowledge that they have. I hope to hear from you soon.
0 votes Thank Flag Link Sun May 30, 2010
Although the smallest zoning for a city residential lot is SF5000 (barring some exception), many areas in the city have average (not zoned) lot sizes under 5000sf. Fremont is one such area. Without saying that 3500sf in fremont is typical, I will say it is not unsual and pretty average.
Web Reference: http://nicardgroup.com
0 votes Thank Flag Link Sun May 30, 2010
Depends on price...what's the price range?
0 votes Thank Flag Link Sun May 30, 2010
It's not small for the neighborhood; there are many smaller lots, especially close to the commercial area.

As you go up the hill, the lots get a little bigger; more over 3000 but not many over 4500.
0 votes Thank Flag Link Sun May 30, 2010
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