Local Heritage | Collective Approach | Great Properties
In addition to being a licensed Realtor, Troy Hinds has a background in real estate investment and development. He has a unique ability to offer clients an expansive array of services in real estate sales as well as helping to identify potential opportunities, discover unknown value, mitigate risk through proper due diligence, acquire undervalued assets and execute a successful strategy for development. His goal for every project is to uncover potential, mitigate risk, and develop projects that thoughtfully consider the surrounding environment. Creating a project which the neighborhood is proud to accept for years to come is what he considers to be a success.
Below is a brief overview of a current development project
buy & split
Troy acquired 230/230-A 33rd Ave in May 2017. In March 2018, a Parcel Legality Application was submitted for an Unconditional Certificate of Compliance to recognize two (2) existing legal parcels. In July 2018, we received final Approval from the Planning Department of the County of Santa Cruz, thereby allowing for an immediate lot split and creating 2 properties for the price of 1.
design & submit
In September 2018, Troy engaged Workbench for Design Services from Concept to Completion for two (2) single family homes. The scope of work includes Conceptual, Schematic, and Design Development as well as all the consultant/engineer and planning/building coordination, including submission, response, and corrections if needed. We anticipate 6 to 9 months from intake to approval.
build & Sell
Once the Construction Drawings (CDs) have been finalized, construction is anticipated to begin Fall of 2019 following the issuance of our approved building permits. Construction is estimated to be completion approximately 9 to 12 months after breaking ground. The northernmost home will be marketed and available for sale. Average 90 Day Market Comparable Sales indicate an estimated Price per Square Foot ($/SF) for non ocean front homes in Pleasure Point of $1,350/SF, and a premium for homes with an ocean view.