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HomeMy WebLinkAbout34. Comparison of Single-Family Residential Lot PricesTO: Honorable Mayor & Members of the Common Council Mark Rohloff, City Manager FROM: Allen Davis, Community Development Director 444 DATE: December 6, 2018 RE: Comparison of Single -Family Residential -Lot Prices As part of the City Manager goal of promoting additional Single -Family housing, staff has compiled an inventory of many of the Single -Family subdivisions in Oshkosh and surrounding communities. Staff has compiled information based on websites provided on-line. The information has not been verified. The first attached table includes information regarding the public parks serving the subdivision, the location of the subdivision within the school district and/or schools, infrastructure provided to the lot such as concrete streets, sanitary sewer and water and sidewalks, lot size and lot prices. This information would serve as the basis for an analysis of the development costs and benefits to create the single-family lots in Oshkosh and surrounding communities and help develop possible strategies to encourage additional single- family development in Oshkosh. The second attached table illustrates the number of lots available at all price ranges in Oshkosh, and surrounding communities. It appears that Oshkosh has existing single-family lots available in all price ranges. There are other communities with more lots available, however, there is nothing to indicate affordability, restrictive covenants, off-site costs incurred by the community, or deferred costs yet to be paid. Based on research to date, it appears that the current cost to develop a single-family subdivision in Oshkosh is about $35,000 to $45,000 per lot. Unfortunately, a comparison to development costs in other communities is difficult based on different development requirements and developer agreements. Additional research and analysis is needed. City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us Table 1 j Parks Schools Development Infrastructure Price Range PerLot Size �R��;z�{II p�F�11Ja�t rra�.t �f!,3i', #...�r.{i �'' t r 1,l ,. Oakwood Elementary, Olde Apple Acres Jones Park Traeger Middle,West Asphalt,Utilities,No Sidewalks $39,900-$60,900 -0.5 Acres High i Sqr.i<,, rrs3a!r�§,. iii{g,?o>h�.01.$ Plamann Park,Outlot Asphalt,Storm Sewer, Glacier Ridge Green Space Freedom Schools Sidewalks(Buyer $59,900-$99,900 -0.3 Acres Responsibility) Appleton Schools,Fox Asphalt,Storm Sewer, Clearwater Creek Plamann Park Valley Lutheran Sidewalk/Curb/Gutter(Paid by $74,900-$87,900 -0.33 Acres Seller) Emerald Valle Estates Huntley,Roosevelt, Asphalt,Storm Sewer,No Valley $54,900-$77,900 0.275 Acres Appleton North Sidewalks y Meadowlands Village Fond du Lac School g $39,900 0.23 Acres District White Pine Heights Fond du Lac School 8 $32,900 0.38 Acres District Costello Estates Pier,Theisen,Fond du Asphalt,Utilities,Sidewalks Lac (owners responsibility) $23,000 0.2 Acres Southern Ede Estates Fond du Lac School Asphalt,Utilities,No Sidewalks Edge District P $26,500 0.25 Acres Meadow Estates Fond du Lac School As halt,Utilities,Sidewalks District p $39,900-$43,900 0.413 Acres Wildlife Acres Estates Fond du Lac School $47,000 0.3 Acres District Spring Lake Estates Fond du Lac School $49,900 "0.43 Acres District Windward Estates Fond du Lac School $39,900-$64,900 0.28-1.18 Acres District Parks Schools DePrice Range Per velopmentlnfrastructure Lot Size 11 ,iB iOYF ,y�, [7"1 1t �y r.�r� 361r r�7s� (r ,i .$B, ! ,47'o SPSSI $.�.kl?,.. etf i�"'a #zr,.4r, ,�YS>. �a h Jacobson Creek Neenah School District Asphalt,Utilities,No Sidewalks $25,000 "0.2 Acres Y Q'�,rC, "RI""�M AIR31`�,i.Lr Neighborhood walking Asphalt(assessed for top coat White Hawk Meadows North trail Appleton School District when installed),Storm Sewer, $51,900-$84,900 ^'0.25Acres No Sidewalks Bubolz Nature Whispering Groves Preserve,Prairie Hill Greenville/Hortonville Asphalt,Utilities,No Sidewalks $58,900 Park,County forest Houdini Elementary School,Greenville Westbrook Villas Middle School, Asphalt,Utilities,No Sidewalks $39,900-$51,900 Appleton West High School Forest View Estates Asphalt,Storm Sewer $49,900-$92,900 -0.23 Acres Starview Heights Bubolz NatureAppleton School District Concrete,Utilities $46,900-$69,900 "'0.28 Acres t t Preserve Y, R? ,7� nui� - Woodland Hills Heights Menasha School District Asphalt,Utilities,No Sidewalks $54,000-$69,900 -0.4 Acres Mckinley Elementary Walking Trails with School,Madison Middle Lake Park Villa Asphalt,Utilities,No Sidewalks $35,900-$44,900 0.18 Acres Ponds School,Appleton East High School Lake Cottage Estates Menasha School District Asphalt,Utilities,No Sidewalks $42,500-$45,500 Windsor Park Menasha School District Asphalt,Utilities,No Sidewalks $39,900-$50,000 Concrete,Utilities,No North Ridge Manor Menasha School District $35,000-$50,000 Sidewalks Ito'R'FaM ;{�a„��,�e:'aa.i"'.�3.��..,J.�ro„ar�i.`,.;idi;,t.�a,.a,t�:,S2�f'.�4a�w,.t..ta..i7 �,t;,3 ;; �t.,,th�s: ���lr�i.,,,, �3�f�1.)a� „:.r.`3�:�.s.if,7.r r.,..rug.° ,i�.+,thl�,,j�:a4,.i..',.,�+,G�r<>-. Castle Oak Neenah School District Asphalt,Utilities,No Sidewalks $46,900-$48,900 -0.4 Acres Price Range Per Parks Schools Development Infrastructure Lot Size ,E«�, �i(,�,s�4.�,.��r,rz�.�kr�,`�a.P,?,rr3� Sandhill Farms Omro School District Asphalt,Utilities,No Sidewalks $49,000-$64,900 Barony Country Estates Omro School District Asphalt,Utilities,No Sidewalks $56,000-$60,000 -1.0 Acres �I S €ZW! s11 Mll Traeger Elementary/Middle& Casey's Meadow Oshkosh West High Concrete,Utilities,Sidewalks $40,000-$62,000 0.3 Acres School Edgewood Village Oshkosh School District Concrete,Utilities,Sidewalks $46,000 -0.2 Acres Traeger Elementary/Middle& Sunrise Estates Concrete,Utilities,Sidewalks $49,900-$84,900 "'0.5 Acres Oshkosh West High School Pickart Estates Oshkosh School District Concrete,Utilities,Sidewalks TBD -0.25 Acres Patriarch's Subdivision Oshkosh School District Concrete,Utilities,Sidewalks $26,900-$39,900 0.19-0.62 Acres North Shore Preserve Oshkosh School District Concrete,Utilities,Sidewalks "'$40,000 -0.3 Acres i 00 I N f� m tO V? r� O d Ill + eWl m O c-I O UD I-, Q ct - r{ O O " O Q q1 m 0 a) O N O N O N O � � N O O O � O LD mQO 0) m Q a n O ct m Ln o � m O N m r-i m 0 0 t O ci ul N O N Q c-i M C) f-4 W O Q N Q O O RC1 cu 4! rl CD O O O O w N �l Ul O N C3� r I O r Q O O rl O ci O O O m o tio � uQC _ C Q �m v 13)�o Um>- _aoa 0 VI ^ U t C ..Y -O X vl - O ? �D Q7 "6 O C 2 Y �. L � aLL 0ti- � Z �- o0 0 45 TCCUNTV COUNTY w COUNT RYF F'.�; Edgewood Village W SNELL RD North Shore Preserve w H N t . LEONARD PT RD itwt Z ; Q E MUR 21 QMRORD Cl) Fr L) Pickart Estates WITZEL* 7 Z 9TH ST RD W 9TH AV F- CEApEAV E Casey's Meadow a } N Sunrise Estates Z COUNTY K W 20TH AV a.-- LU LU Patriarch's Subdivision 91 W WAUKAU AV � t. 44 `` w FISK"AV: COUNTY COUNTY N m C;I �;/ � � J , YIiS� ,Yl N lin = 1.17mi Active ubdivii;iuni; � 1 in = 6,164ft City of Oshkosh maps and data are intended to be used for general identification purposes only,and the City of Oshkosh assumes no liability for the accuracy of the Printing Date: 12/4/2018 information.Those using the information are responsible for verifying accuracy. For Oshkosh full disclaimer please go to www.ci.oshkosh.wi.us/GlSdisclaimer Prepared by:City of Oshkosh,WI I:\Economic Development\City Manager Goals\Res_Lots.mxd User:everettb