Help Me Make An Honest Offer...

[EspressoBuzz]

I may have the opportunity to lease 28 acres in Columbia county (with an option to buy). Its mostly lightly wooded and hilly with a small wetland to the back of the property. It borders a large power line right of way that seems to be a game highway. It is a stones throw from the Taconic parkway and I've seen deer, turkey and other game there.

 

The question is what is a fair price for leasing property for hunting and camping? So if anyone has had any experience with this sort of thing please speak up!

 

Thanks!

[BKhunter]

Just out of curiosity did they let you know what the purchase price would be with that option

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[NFA-ADK]

Leases range in price and area.  I would expect to lease that small of and area for a cheap price depending on stipulations of buy out.  If you would have exclusive rights 900 -1200 possibly more if you are trying to buy out.  If possible see if other area's are available for additional buy out.  Sometimes you will get a better deal on larger tracks.

[EspressoBuzz]

Currently the purchase price is $85,000

[NFA-ADK]

Southern property is more expensive.  Lease would reflect that price increase. 

Closer to 1500-1900 for the lease or more depending on how options are set up for possible purchase.

[sampotter]

Holy moly! I'm glad I'm a farmer! That seems like a ridiculous amount of lease money for a small piece of land. I would buy it before I leased it.

[HectorBuckBuster]

I know the going rate for hunting lease's is $20-$40 a acre in my area.

 

[EspressoBuzz]

i wanna bump this for more input but i also want to mention that my wife and I would be using the property over the year for camping (planning on dropping a pop up onsite) and as a HQ while we continue to look for property to buy in the area. I will be hunting it in season.

[BizCT]

$85k plus taxes to hunt in NY? Lol. How about 10-20 hunting trips for that $?

To each his own, but I assume you have no other debt or mortgages? If you do, why not pay those off first?

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Edited March 27, 2014 by Biz-R-OWorld

[EspressoBuzz]

I have a high ranch on long island that i live in and a brownstone in brooklyn that i rent (I keep an apartment for us) and I'm planning on moving to the lower half of columbia county once my second kid is out of high school and i sell the house on long island.

[BizCT]

Oh ok $85k for land to hunt in and live on isn't bad. Thought it was just to hunt

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[Meat Manager]

I paid $1200 for a similar piece in 7j.

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[BKhunter]

I hunt up in Colombia county and was looking into property there. 85k seems like a pretty good price for over there.

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[moog5050]

$20-50/acre for a lease up this way depending on location and quality.

[dmandoes]

if you can build on it, its a good deal.