LAND LESSONS- What is Lot Line Adjustment?

What is lot line adjustment?   A lot line adjustment is the process that involves altering the property lines of existing parcels of land in order to create two or more properties with different legal property boundaries than before the adjustment.   Depending on local regulations one may merge up to 4 adjoining parcels into one single…

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LAND LESSONS- What is an Acre? 

What is an Acre?  Acre comes from a term used in the Middle Ages meaning how much land a man could plough with a team of oxen during a single day – sun up to sun down. It is traditionally defined as the area of one chain by one furlong (66 by 660 feet), which is…

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Lots of Trouble

Selling vacant land becomes a struggle in down market Ryan Sharrow Baltimore Business Journal The Diamond Group has cut its asking price for a 2-acre lot in the city’s Morrell Park neighborhood in half. The lot has room for 20 new townhomes. Anne Arundel County home builder William Douglas Homes has four parcels of vacant…

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Stephen Ferrandi Sells 125 townhome lots in Elkridge, MD for $11,400,000

Stephen Ferrandi representing a family investment group sells 125 townhome lots in Elkridge, Howard County, Maryland to Lennar for $11,400,000. This sale represented the first phase of a multi-phased project known as Blue Stream. Once complete the project is expected to yield 1345 residential units – multifamily and townhomes as well as a shopping center.…

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