A little outrageous price?

[Woodjr55]

So I was at my camp in Chautauqua county and on the way to the store I saw a property for sale on the way back I stopped and looked at the sign. 8 acres that boarded state forest with a small garage/loft (i assume) for 58,000. Is it just me or is this extremely high?

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[greensider]

its hunting season what better time to get the highest price

[Lawdwaz]

Way to little information to go on.

 

58K with gas rights?

 

How is the interior of the place finished?

 

Logged yet?  (I know you don't get much timber out of 8 acres)

 

Was it Lucile Ball's family home?

 

[Woodjr55]

a picture I snapped from the road don't know about gas rights or anything

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[Lawdwaz]

I guess they could have 30 grand plus easy into the "garage".

 

Driveway cost?

 

Septic?

 

Electric?

 

Adds up fast!!

Edited September 29, 2015 by Lawdwaz

[Lawdwaz]

Fugg it, I'll give 'em $25,000 cash money. 

[BizCT]

Asking and selling price are 2 different things. Property is worth what someone is willing to pay for it.

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[jjb4900]

are gas rights in NY even worth anything these days?

[Adkhunter1590]

are gas rights in NY even worth anything these days?

I wouldn't think so with the ban they put on fracking.

But I agree the price seems a bit steep for only 8 acres. I guess it would depend on if there's a big enough septic system put in for a house and a well. Those two alone can run you almost 30K depending on system design.

[Jaeger]

What about the State Forest it borders?  Is it large >500 acres?  Is it quality hunting?

 

I go through this every few years, how much land do I actually need to control (and pay taxes on) vs huntable land (adjacent state forest)?

 

If its over a couple of hundred hunting acres, then that price for a property with a decent building and on site electric might be worth it.

[Fantail]

I wouldn't bank on bordering state land. A few years ago they logged the north end of tiophnioga (7m wma) and it got trashed. A lot of swampy marsh full of hawthorn now. Parking spot & official Dec hiking trail. All the oaks planted way back when - Asta LA taco.

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