In the HOVR subdivision vacant lots like yours in the last 6 months are selling in the very low 20's (during that time there have been 10 sales and your lot would be competing with 20+ other lots for sale in HOVR).
Because you home is larger than most, getting a "current market value" is more challenging. There are currently 8 homes for sale in the HOVR, with less than a home sale a month during the past year. When you look at the general area where your home is at and the current competition, a price range in the low to middle $200,000 would look promising.
Any "market valuation" of a property depends on not just the location, size of your home but also the competition of other homes as well. It is the responsibility of a real estate professional to take in those factors in the pricing. The other important consideration is having lots of strong pictures and information to insure that all prospective buyers know the benefits of your home and set it apart from the competition.
Please feel free to contact me for a evaluation of what it would take to market/price your home in today's market, with the emphasis of getting your home and lot sold.
Mahalo for your consideration...Galyn
Galyn Williams REALTORÂ® Salesperson, SFRÂ®
(Direct Number ) 808-756-7986
Aloha Coast Realty LLC....614 Kilauea Suite 101...Hilo Hawaii 96720
'O ke ahe lau makani, 'o ke kai malino,
'o ka lani mala 'ela'e... E malu ko ke ao a pau.
Your source of Professional Real Estate Representation on the Big Island of Hawaii