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Post by westbranch on Feb 8, 2017 8:43:53 GMT -6
Just saw this listed around 7-8 miles south of where I am at. This chunk of land was 240 acres bought at $812 an acre last fall, the buyer put in some trails and already has 70 of it listed at 1,427 an acre. It will be interesting to see what it sells for. Seems like 1,100-1,200 would be realistic for this area. No affiliation, will just be an interesting one to watch. A lot of large landowners in that area and a decent amount of farming going on that leads to higher than average deer #s. I drove by the 240 when it was for sale a couple times and it looked like it would have had some timber value as well. www.edinarealty.com/land-lots-for-sale/xxx-county-road-19-kettle-river-mn-55757-4787399#/ |
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Post by MoBuckChaser on Feb 8, 2017 9:27:45 GMT -6
They can ask anything they want. No way it brings close to that price.
But as I have always said, It only takes one sucker!
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Post by kabic on Feb 8, 2017 9:54:15 GMT -6
I have read that smaller acreage sell for more per acre than large acreage.
Do you think he hard it surveyed when he had it divided?
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Post by Tooln on Feb 8, 2017 12:22:51 GMT -6
A lot of guys may not be able to afford 250 acres. I'm guessing he did and is dividing it to smaller parcels to flip.
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Post by westbranch on Feb 8, 2017 13:25:35 GMT -6
I have read that smaller acreage sell for more per acre than large acreage. Do you think he hard it surveyed when he had it divided? I would guess the seller would wait until they are closer to sale, and try to get away with only using property line descriptions if the buyer doesn't know better. It does seem the average person interested in hunting land will end up paying more for a 40 than they would for a larger chunk of land that costs 30%+ less per acre. Still see some 40s with all high ground and on a road with electricity nearby go for 1,200-1,500 an acre depending on how close to town they are. 5+ further miles out from town and the freeway and some 80+ acre chunks are 800-1,000 an acre. Even with paved roads and electricity for those 5 extra miles. |
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Post by westbranch on Feb 8, 2017 13:32:56 GMT -6
A lot of guys may not be able to afford 250 acres. I'm guessing he did and is dividing it to smaller parcels to flip. Yep, pay 195,000, sell just under a third of it for 80k if at 1,200 an acre. Get the rest logged and pull in another 20k-50k over the next couple years if planned right. Close enough to the mills to still get logged in this area. Even the buyer keeps the rest he would still have 170 acres of ok hunting and recreational ground, with net amount paid of <100k. |
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