Land Price Per Acre

[BBDEric]

Needing some input and I know the answer can vary but ..... Recently 37 acres came up for sale 1/2 mile down the rd from me. It sold for 1590 per acre and the buyer has backed out of the deal. So its back up for sale and I am thinking I shouldn't miss out on this land or I will regret it when I'm older. My dad is always telling me stories about not buying this or that when he was younger. My question is I am looking to scrape together enough cash to make an all cash offer. Would you just offer what it had been sold for $58550 or would you start lower 50,000 that way you have some room. Owner does not know I know what they accepted. I know because I talked with the buyer who backed out due to financial issues. Its 25 acres of hardwood and 12 acres of tillable ground. It was timbered about 12 years ago looks reasonable to say its will be ready in 10years again. Just wanting some advise( good deer and turkey hunting) it unique in that there is a 100 ft access rd that runs to the property that is 750 ft off the rd. So its in the center of everyone's property on the rd.

Edited December 5, 2017 by BBDEric

[BizCT]

Go lower, nothing to lose.

[Zag]

20yrs from now you will kick yourself everyday for not trying. Prices are only going up. My area that's a good price

[Nomad]

Myself if I really wanted it , I'd come in under but close . After the other deal falling through he may  be antsy , but I'd have proof of the cash so,he knows it's not dependent on other factors .

If he counters then fine . Our land is in 8H and it's done nothing but go up , and frankly most land around  us is sold without ever being listed .

So the blue lines are the property ? It seems like the orange ones should be the lines , but they don't match up .

Edited December 5, 2017 by Stay at home Nomad

[Steuben Jerry]

Try lower because I assume that road is a right of way but don't let it slip away if you really want it.

I don't know exactly where this is but $1590/acre is reasonable anywhere in NYS. ROW could make it more negotiable.

Edited December 5, 2017 by Steuben Jerry

[Jeremy K]

Sounds like a trespapassers paradise.  Hopefully everything goes smooth for you.

[E J]

If it were me I would definitely go for it, if not you'll regret it. I'd try a little lower than the last accepted offer but not a lot. Good luck!

[sodfather]

I don't like that skinny strip to get to in that's property can't really utilize 

id start low if he had one back out could be willing to just get rid of it 

[Nomad]

Confused, the property lines are the orange ones , which show the parcel not going up like the blue lines to Osborne rd  , but to the left and off the pic.

[BBDEric]

agreed on trespassing but I live right down the rd in fact the property is right across the rd on the east side 

[BBDEric]

5 minutes ago, Stay at home Nomad said:

Confused, the property lines are the orange ones , which show the parcel not going up like the blue lines to Osborne rd  , but to the left and off the pic.

Yes it was resurveyed it was part of a large grape farm. They chunked off the back 37 acres. so I drew in the property line

[BBDEric]

36 minutes ago, Stay at home Nomad said:

Myself if I really wanted it , I'd come in under but close . After the other deal falling through he may  be antsy , but I'd have proof of the cash so,he knows it's not dependent on other factors .

If he counters then fine . Our land is in 8H and it's done nothing but go up , and frankly most land around  us is sold without ever being listed .

So the blue lines are the property ? It seems like the orange ones should be the lines , but they don't match up .

it was recently resurveyed and chunked off a larger grape farm they wanted to split away the grapes. That why I didn't want it in the first place they were selling the whole farm. Then they ended up chunking off a piece.

[growalot]

Is that access rd part of the actual property or some sort of right of way owned by another?...not all ROW deals are equal and some could expire or cause a payment..IE..we have the camp neighbor a septic 1acre  piece  for a Certain price  to be paid to us when land changes hands.. we also share the road with them.  Any maintenance is share per written agreement . Now is an agency involved? That makes a. Big difference. If not, do you know the people at all?

[Nomad]

Good luck ! Living right there is a big plus  in many ways . 

[Hunter007]

How much is the property tax for the land .

 

[BBDEric]

11 minutes ago, growalot said:

Is that access rd part of the actual property or some sort of right of way owned by another?...not all ROW deals are equal and some could expire or cause a payment..IE..we have the camp neighbor a septic 1acre  piece  for a Certain price  to be paid to us when land changes hands.. we also share the road with them.  Any maintenance is share per written agreement . Now is an agency involved? That makes a. Big difference. If not, do you know the people at all?

Not ROW owner bought 2acres for 9k a few years ago to conect it

[BBDEric]

11 minutes ago, Storm914 said:

How much is the property tax for the land .

 

Estimated at 750

[growalot]

So He's smart..Now big question...realtor involved or private sale.

[Hunter007]

4 minutes ago, BBDEric said:

Estimated at 750

I hope that is not $750  per acre 

If its,not price sounds not bad .

I would still try to offer less though

[BBDEric]

8 minutes ago, growalot said:

So He's smart..Now big question...realtor involved or private sale.

Yeah realitor is involved.....

[goosifer]

go for it. I think you can go a little lower than the previous offer. But a few  things for you two consider: What is the market value of the property, how many other potential similar parcels are there near you, and is it worth losing the land over a few thousand dollars. Give a solid cash offer at $1,500 per acre, all-cash, with a large deposit.

[growalot]

Well that limits the amount you can offer..also his buying the land out right for access and at that price made that property better. Then figure he paid 4,500 per acre for that access....looks like a fair price.

[Taylormike]

I say go for it.  But I say go lower, it is almost landlocked and still not cheap.  I think it's a fair price.  All depends on how much you really want it?!?!?

[land 1]

cash in hand no deal going bad offer less done deal no waiting for seller to see if the deal goes threw

[dmandoes]

if i had $60,000, i would invest it and go hunting out west every year for the rest of my life.