Velvet
by James. 04/29/24 08:31 AM
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Key:
Admin,
Global Mod,
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Re: Another land value question
[Re: jdfarm23]
#1287053
03/05/15 11:09 AM
03/05/15 11:09 AM
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Joined: Mar 2013
Posts: 14,624
Clanton
Turkey_neck
Booner
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Booner
Joined: Mar 2013
Posts: 14,624
Clanton
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For lease or sale? Most land for sale over that way was $2500-3500 an acre when I was looking about 8 years ago. Lease I'd imagine $10-20 an acre.
Would walk over a naked woman to get to a gobblin turkey!
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Re: Another land value question
[Re: Turkey_neck]
#1288031
03/06/15 08:58 AM
03/06/15 08:58 AM
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Joined: Jan 2015
Posts: 867
Pike Road, AL
jdfarm23
OP
6 point
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OP
6 point
Joined: Jan 2015
Posts: 867
Pike Road, AL
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For lease or sale? Most land for sale over that way was $2500-3500 an acre when I was looking about 8 years ago. Lease I'd imagine $10-20 an acre. For sale. 100 acres of clearcut, no road frontage. Hurtsboro area
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Re: Another land value question
[Re: jdfarm23]
#1288800
03/07/15 01:06 AM
03/07/15 01:06 AM
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Joined: Jul 2014
Posts: 341
Central Alabama
cmontgomery
4 point
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4 point
Joined: Jul 2014
Posts: 341
Central Alabama
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Land is worth what someone will pay for it. Simple. Pm me and I can give you a number to a guy that has lots of experience in that area from Union Springs. Personally, I would not pay anywhere near $2500/acre for clear cut property. Most land investors say you cannot pay more than $900/acre for dirt +timber value and come out ahead. The market has taken a big down turn in this economy in regards to recreational property.
Last edited by cmontgomery; 03/07/15 01:09 AM.
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Re: Another land value question
[Re: cmontgomery]
#1291222
03/09/15 10:20 AM
03/09/15 10:20 AM
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Joined: Jan 2015
Posts: 867
Pike Road, AL
jdfarm23
OP
6 point
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OP
6 point
Joined: Jan 2015
Posts: 867
Pike Road, AL
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Land is worth what someone will pay for it. Simple. Pm me and I can give you a number to a guy that has lots of experience in that area from Union Springs. Personally, I would not pay anywhere near $2500/acre for clear cut property. Most land investors say you cannot pay more than $900/acre for dirt +timber value and come out ahead. The market has taken a big down turn in this economy in regards to recreational property. They are asking $1450/acre. I would like to buy the place, but am only willing to pay $1000/acre ish. Just making sure Im not crazy for thinking $1400 is too high
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Re: Another land value question
[Re: cmontgomery]
#1293401
03/11/15 09:27 AM
03/11/15 09:27 AM
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Joined: Feb 2008
Posts: 15,673
Montgomery
bamaeyedoc
Old Mossy Horns
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Old Mossy Horns
Joined: Feb 2008
Posts: 15,673
Montgomery
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Land is worth what someone will pay for it. Simple. Pm me and I can give you a number to a guy that has lots of experience in that area from Union Springs. Personally, I would not pay anywhere near $2500/acre for clear cut property. Most land investors say you cannot pay more than $900/acre for dirt +timber value and come out ahead. The market has taken a big down turn in this economy in regards to recreational property. Damn good advice there. Especially the last sentence. Dr. B
AKA: “Dr. B”
Aldeer #121
8-3-2000
Proud alum of AUM, UAB, and UA
Member of Team 10 Point
2023-2024 ALdeer Deer Contest Winners
Glennis Jerome "Jerry" Harris
1938-2017
UGA Class of 1960
BS/MS Forestry
LTJG, USNR
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Re: Another land value question
[Re: jdfarm23]
#1300352
03/17/15 11:05 AM
03/17/15 11:05 AM
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Joined: Oct 2014
Posts: 50
Auburn, AL
AU_Forester_02
spike
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spike
Joined: Oct 2014
Posts: 50
Auburn, AL
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If it has been sprayed and replanted you can add about $150-200/acre to the value because you won't be having to pay for it. I would doubt it has been sprayed and planted though.
"Someone is sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett
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Re: Another land value question
[Re: jdfarm23]
#1301692
03/18/15 03:13 PM
03/18/15 03:13 PM
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Joined: Aug 2002
Posts: 5,749
Lower AL
k bush
12 point
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12 point
Joined: Aug 2002
Posts: 5,749
Lower AL
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If it had frontage on an all weather road that might bump up price a little. Could pay for itself in the future if timber harvests were timed to take advantage of it.
"Cull" is just another four letter word...
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Re: Another land value question
[Re: fernman]
#1306643
03/23/15 10:04 AM
03/23/15 10:04 AM
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Joined: Jan 2015
Posts: 867
Pike Road, AL
jdfarm23
OP
6 point
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OP
6 point
Joined: Jan 2015
Posts: 867
Pike Road, AL
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a good place to start is fair market value,when buying land you need to pay/offer what you think its worth. They have not sprayed or replanted the place. This place does not have road frontage, however it adjoins some land I already own, which does have frontage. I'm still thinking $1000/acre tops.
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Re: Another land value question
[Re: jdfarm23]
#1306685
03/23/15 10:29 AM
03/23/15 10:29 AM
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Joined: Aug 2002
Posts: 5,749
Lower AL
k bush
12 point
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12 point
Joined: Aug 2002
Posts: 5,749
Lower AL
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If you have a common border that would make it more valuable the way I see it. Start at $1000 and work towards their asking price.
"Cull" is just another four letter word...
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Re: Another land value question
[Re: k bush]
#1306733
03/23/15 11:07 AM
03/23/15 11:07 AM
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Joined: Jan 2009
Posts: 7,780
central ala,
centralala
14 point
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14 point
Joined: Jan 2009
Posts: 7,780
central ala,
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If you have a common border that would make it more valuable the way I see it. Start at $1000 and work towards their asking price. If he thinks its worth $1000/acre, why would he start at $1000?
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Re: Another land value question
[Re: jdfarm23]
#1306830
03/23/15 01:07 PM
03/23/15 01:07 PM
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Joined: Aug 2002
Posts: 5,749
Lower AL
k bush
12 point
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12 point
Joined: Aug 2002
Posts: 5,749
Lower AL
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Because you usually only get one chance to buy adjoining property. I would hate to know I missed a parcel next to me over a couple of thousand dollars.
"Cull" is just another four letter word...
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