This might make for an interesting discussion...

[LuckyDuck]

Looks like I used a similar thread title previously with regards to who had keys to your house...

Well this one isn't too far from that topic either but thought it might be an interesting chat nevertheless.

The question for the thread is- how much is the going rate for an acre of land where you live. You don't need to share (1) where you live, (2) how much land you own, (3) what you paid when you acquired it. Those might all make for a good conversation but just reckon that while there's a lot of factors that unite the posters here, real estate is wildly fickle.

To start the conversation off- I'll first acknowledge that with the new house I still don't own a full acre of property. I was somewhat strategic in the property that I did purchase in that it borders a mountain in the backyard (see my post about the enjoyment I've had listening to owls for example: https://www.snipershide.com/shooting/threads/im-a-big-fan-of-owls-personally.7231649/ or coyotes: https://www.snipershide.com/shooting/threads/more-excitement-from-my-backyard.7241269/)

But it's a rural development and somewhat new so looking at the lot sizes left for sale here on the mountain I reckon I can answer the question....

An acre of land here would approximately be around $70K. That's an incredible change from 2009 when I was offered either 10 acres of land in GA for $14K or 14 acres of land for $10K (it's one of them but I think the 1st one is right).

How are things in your neck of the woods?

-LD

 

[DarnYankeeUSMC]

Interesting discussion?

When you air drum to Def Leppard. Do you do it with one hand or two?

 

[LuckyDuck]

Interesting discussion?

When you air drum to Def Leppard. Do you do it with one hand or two?

Give me some time to think of it- there's definitely at least one song I unabashedly air drum to...

-LD

 

[LuckyDuck]

Interesting discussion?

When you air drum to Def Leppard. Do you do it with one hand or two?

Found it-

 

[Darryle]

Paid $2400 an acre for 16 acres 7yrs ago, county valued it at about $138k last year, this last tax appraisal is over $164k, 1ac is not in a flood plain, I have a lawyer protesting this this year.

 

[NoDopes]

Got a buddy that put in some bee hives for ag exemption. Fucking taxes.

 

[jr81452]

Bought some acres in SE KY 2 years ago at $12k/per. In the county in which I currently reside, it's about $600k/per - $6m/per, depending on location/features/zoning.
My land in N MN is currently valued at $60k/per based on recent sales (north of deluth on the north shore).

 

[Smokeshot]

The town I’m currently renting in - 1 acre goes for $50,000. Go out maybe 10 minutes in any direction - anywhere between $10,000 and $19,000 for an acre.

 

[BikePilot]

Anywhere from $200k-500k/acre in my area, I have 10.

 

[Whistlepigs]

Going to use a 30 mile Radius of where I live. If I include all land it would be anywhere from 2 million to 3000 per acre.

Now if we take out all waterfront we are looking at about 3000 to 50,000 per acre.

What I find interesting is people paying 500k for a 8000sq.ft. lot with a 2000sq.ft. house on it as fast as they can be built...

 

[myronman3]

property prices and everything else.....idk...this comes to mind..

 

[diverdon]

A building lot about a mile from me is about 50k. Farm land in large parcels 20k-50k per acre. Gravel ground suitable for potato's 70k plus.

Aa my Dad always said: the government keeps printing more dollars but they can't print more land.

 

[748rpilot]

$100k - $150k per acre.

I considered buying a 5 acre lot and putting a tiny home on it. Figured the folks with the 12k and 15k sqft mansions on the adjacent lots would pay me handsomely to be rid of the commoner.

 

[mheimer_45]

Wow! I thought $25,000 for farm ground was high. When I first moved to western ks 10 years ago pasture was $800 an acre and farmland was $1200. I should have bought everything in sight because it has quadrupled.

 

[JimTN]

I paid $20k for just under an acre (deed restricted SD) back in early 2000's, built the current residence on it. Waterfront lots on a nearby lake development were $250K+ back then for a small waterfront lot. Now they are easily a Million just for the raw land, if any are left. Developer was offering some of the less desirable lots for $10K a few years ago just to close out their inventory and move on to something else.

 

[roostercogburn98]

 

[Warpspeed]

Are we talking about somewhere that you can see if your neighbors are home or where there are no neighbors?

 

[jbell]

1 year 4 months ago I paid $115,000 for 14 acres. Very private with decent Mountain View’s, mostly wooded less a house lot, .25 mile dirt driveway, the land is good and dry (no possibility of flooding), water / power / internet to the driveway all a mile off the closet paved road. Some places around me are more some are less.

 

[jpjulian]

The Forest Preserve District and school boards along with deep pocket developers are causing land to be sucked up at $70,000-$250,000 per acre in the county we live.

 

[Bullfrog08]

Where in the great fuck do some of you live with $50-100K per acre? I'm asking so I can stay away!

 

[BurtG]

A couple lots sold in the last 6 months. 4-5 acres for 450-500k

Paid over $15000 for 140 acres last year. Thought that’s was high enough.

A guy didn’t want the embarrassment of putting his inherited ground on the market so private sold a ok farm for $7000 iirc. Could have got 10-11 easily

 

[myronman3]

hell, in Door county, wi...back in 2000, i saw people buy "cottages" for 35 million. they'd bulldoze the house, because the "cottage" (really a small mansion) was not what they wanted. the real kicker was that most of those folks would be at "the cottage" for maybe 3 weeks out of the year.

that was my first time seeing that kind of wealth up close. and let me tell ya, the only difference between "bat shit crazy", and "eccentric" is how much is in your bank account.

 

[BurtG]

hell, in Door county, wi...back in 2000, i saw people buy "cottages" for 35 million. they'd bulldoze the house, because the "cottage" (really a small mansion) was not what they wanted. the real kicker was that most of those folks would be at "the cottage" for maybe 3 weeks out of the year.

that was my first time seeing that kind of wealth up close. and let me tell ya, the only difference between "bat shit crazy", and "eccentric" is how much is in your bank account.

All that taxpayer money and printing money the oligarchy steals from us.

 

[myronman3]

it was truly disgusting to see. i think that is the first time i thanked God that i was not born into that kind of situation; it absolutely RUINS people.
you get these people that do anything and everything to increase their financial wealth. what it does to them and their families....and they think they are winning.

 

[oneshot86]

1 year 4 months ago I paid $115,000 for 14 acres. Very private with decent Mountain View’s, mostly wooded less a house lot, .25 mile dirt driveway, the land is good and dry (no possibility of flooding), water / power / internet to the driveway all a mile off the closet paved road. Some places around me are more some are less.

Perfection.
You are in Indiana also, no?

 

[jr81452]

it was truly disgusting to see. i think that is the first time i thanked God that i was not born into that kind of situation; it absolutely RUINS people.
you get these people that do anything and everything to increase their financial wealth. what it does to them and their families....and they think they are winning.

That crap is half the reason I'm so jaded. The number of clients I've dealt with who tear down sturdy 20yr+ old $5mill+ houses, to slap the largest McMansion they can build in it's place; would make anyone despise the ultra wealthy. Got a call last month from a cunt who wants to gut a newly installed $500k kitchen in the house they just bought. Then she got pissy when I told her I was too busy helping people who need to rebuild after the hurricanes, to bother with her kitchen right now. She threatened to "tell all her friends about me". I told her she doesn't owe me any favors.

 

[myronman3]

That crap is half the reason I'm so jaded. The number of clients I've dealt with who tear down sturdy 20yr+ old $5mill+ houses, to slap the largest McMansion they can build in it's place; would make anyone despise the ultra wealthy. Got a call last month from a cunt who wants to gut a newly installed $500k kitchen in the house they just bought. Then she got pissy when I told her I was too busy helping people who need to rebuild after the hurricanes, to bother with her kitchen right now. She threatened to "tell all her friends about me". I told her she doesn't owe me any favors.

they melt down when they meet someone their money has no power over. it just can't be!

 

[LuckyDuck]

Paid $2400 an acre for 16 acres 7yrs ago, county valued it at about $138k last year, this last tax appraisal is over $164k, 1ac is not in a flood plain, I have a lawyer protesting this this year.

That's an incredible ROI, best of luck to you in your protest.

-LD

 

[LuckyDuck]

Bought some acres in SE KY 2 years ago at $12k/per. In the county in which I currently reside, it's about $600k/per - $6m/per, depending on location/features/zoning.
My land in N MN is currently valued at $60k/per based on recent sales (north of deluth on the north shore).

Incredible, that's impressive.

-LD

 

[LuckyDuck]

Anywhere from $200k-500k/acre in my area, I have 10.

Holy smokes- was your land a recent purchase or a longterm/family held asset? You don't need to get overly specific but just curious if it's property that's been in your family for some time if you knew of what it was purchased for is all.

-LD

 

[LuckyDuck]

A building lot about a mile from me is about 50k. Farm land in large parcels 20k-50k per acre. Gravel ground suitable for potato's 70k plus.

Aa my Dad always said: the government keeps printing more dollars but they can't print more land.

Your father spoke the truth/was a smart man. I've long heard that expression about buying land but I personally haven't seen the value of land explode in all my years like it has in the past 5 or so.

Thanks for sharing btw,

-LD

 

[LuckyDuck]

1 year 4 months ago I paid $115,000 for 14 acres. Very private with decent Mountain View’s, mostly wooded less a house lot, .25 mile dirt driveway, the land is good and dry (no possibility of flooding), water / power / internet to the driveway all a mile off the closet paved road. Some places around me are more some are less.

That sounds like an absolute steal, especially with the views you mentioned. Congrats for what sounds like a premium chunk of land, I'm a bit envious.

-LD

 

[LuckyDuck]

The Forest Preserve District and school boards along with deep pocket developers are causing land to be sucked up at $70,000-$250,000 per acre in the county we live.

Just curious- do you know what the going rate per acre was before they got involved and (if so) how long that's been going on for?

-LD

 

[LuckyDuck]

A couple lots sold in the last 6 months. 4-5 acres for 450-500k

Paid over $15000 for 140 acres last year. Thought that’s was high enough.

A guy didn’t want the embarrassment of putting his inherited ground on the market so private sold a ok farm for $7000 iirc. Could have got 10-11 easily

140 acres!? Damn- you're living my dream. ROI aside that's got to be comforting having a chunk of land like that.

-LD

 

[LuckyDuck]

hell, in Door county, wi...back in 2000, i saw people buy "cottages" for 35 million. they'd bulldoze the house, because the "cottage" (really a small mansion) was not what they wanted. the real kicker was that most of those folks would be at "the cottage" for maybe 3 weeks out of the year.

that was my first time seeing that kind of wealth up close. and let me tell ya, the only difference between "bat shit crazy", and "eccentric" is how much is in your bank account.

Holy fuck, that was 25 years ago that they were going for 35 million? Any idea what they go for today? I cannot fathom...

-LD

 

[LuckyDuck]

I might not have a full acre of land but I do have a view... Now that the storm has cleared I reckon I can share some pics of it (don't think I've shared it here before)...

That's the picture from my front yard, can clearly see the valley and river...

As for my backyard, nothing but woods, mountains, owls, deer, turkeys & coyotes to be seen. It might not be much compared to others but it's mine and it took a very long time and a lot of sacrifices to get to a piece of property like this.

-LD

 

[jbell]

Perfection.
You are in Indiana also, no?

I am in North West Arkansas.

 

[jbell]

That sounds like an absolute steal, especially with the views you mentioned. Congrats for what sounds like a premium chunk of land, I'm a bit envious.

-LD

Thank you, we love it here. We moved here for the outdoor recreation and low population density. However the average income & job opportunities are both very low. We took a substantial income hit to move here, like cut in half or more. Fortunately we can manage with some lifestyle adjustments. Totally worth it so far.

 

[BLEE]

Outside of Shreveport, NW Louisiana, is going for $10,000, for a decent acre to around $200,000 an acre for a beautiful lakefront. Unfortunately, no mountain views near here. We have to drive 180 miles to the Ouachitas in Arkansas to see that.