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Another land value question #1287038
03/05/15 10:56 AM
03/05/15 10:56 AM
Joined: Jan 2015
Posts: 863
Pike Road, AL
J
jdfarm23 Offline OP
6 point
jdfarm23  Offline OP
6 point
J
Joined: Jan 2015
Posts: 863
Pike Road, AL
Russell County AL

100 acres that was clearcut within the past few months. What is it worth and what would you pay for it?

Re: Another land value question [Re: jdfarm23] #1287053
03/05/15 11:09 AM
03/05/15 11:09 AM
Joined: Mar 2013
Posts: 14,580
Clanton
Turkey_neck Offline
Booner
Turkey_neck  Offline
Booner
Joined: Mar 2013
Posts: 14,580
Clanton
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!
Re: Another land value question [Re: Turkey_neck] #1288031
03/06/15 08:58 AM
03/06/15 08:58 AM
Joined: Jan 2015
Posts: 863
Pike Road, AL
J
jdfarm23 Offline OP
6 point
jdfarm23  Offline OP
6 point
J
Joined: Jan 2015
Posts: 863
Pike Road, AL

Originally Posted By: Turkey_neck
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

Re: Another land value question [Re: jdfarm23] #1288800
03/07/15 01:06 AM
03/07/15 01:06 AM
Joined: Jul 2014
Posts: 341
Central Alabama
C
cmontgomery Offline
4 point
cmontgomery  Offline
4 point
C
Joined: Jul 2014
Posts: 341
Central Alabama
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.
Re: Another land value question [Re: cmontgomery] #1291222
03/09/15 10:20 AM
03/09/15 10:20 AM
Joined: Jan 2015
Posts: 863
Pike Road, AL
J
jdfarm23 Offline OP
6 point
jdfarm23  Offline OP
6 point
J
Joined: Jan 2015
Posts: 863
Pike Road, AL

Originally Posted By: cmontgomery
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

Re: Another land value question [Re: jdfarm23] #1292751
03/10/15 04:47 PM
03/10/15 04:47 PM
Joined: Jan 2013
Posts: 19,616
Pelham
Ben2 Offline
Old Mossy Horns
Ben2  Offline
Old Mossy Horns
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Posts: 19,616
Pelham
1400 is too high, if it has been replanted already it may be worth 11 or 1200 if not $900 is top dollar to me

Re: Another land value question [Re: cmontgomery] #1293401
03/11/15 09:27 AM
03/11/15 09:27 AM
Joined: Feb 2008
Posts: 15,506
Montgomery
bamaeyedoc Online content
Old Mossy Horns
bamaeyedoc  Online Content
Old Mossy Horns
Joined: Feb 2008
Posts: 15,506
Montgomery
Originally Posted By: cmontgomery
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



Re: Another land value question [Re: jdfarm23] #1300352
03/17/15 11:05 AM
03/17/15 11:05 AM
Joined: Oct 2014
Posts: 50
Auburn, AL
AU_Forester_02 Offline
spike
AU_Forester_02  Offline
spike
Joined: Oct 2014
Posts: 50
Auburn, AL
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
Re: Another land value question [Re: jdfarm23] #1301692
03/18/15 03:13 PM
03/18/15 03:13 PM
Joined: Aug 2002
Posts: 5,726
Lower AL
K
k bush Offline
12 point
k bush  Offline
12 point
K
Joined: Aug 2002
Posts: 5,726
Lower AL
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...
Re: Another land value question [Re: jdfarm23] #1301917
03/18/15 05:31 PM
03/18/15 05:31 PM
Joined: May 2011
Posts: 20,017
PDL, Fl
T
timbercruiser Offline
Freak of Nature
timbercruiser  Offline
Freak of Nature
T
Joined: May 2011
Posts: 20,017
PDL, Fl
I would check the access before I did anything, and I would think the price is too high.

Re: Another land value question [Re: jdfarm23] #1305595
03/22/15 09:31 AM
03/22/15 09:31 AM
Joined: Apr 2014
Posts: 31
Alabama mobile co
F
fernman Offline
spike
fernman  Offline
spike
F
Joined: Apr 2014
Posts: 31
Alabama mobile co
a good place to start is fair market value,when buying land you need to pay/offer what you think its worth.

Re: Another land value question [Re: fernman] #1306643
03/23/15 10:04 AM
03/23/15 10:04 AM
Joined: Jan 2015
Posts: 863
Pike Road, AL
J
jdfarm23 Offline OP
6 point
jdfarm23  Offline OP
6 point
J
Joined: Jan 2015
Posts: 863
Pike Road, AL

Originally Posted By: fernman
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.

Re: Another land value question [Re: jdfarm23] #1306685
03/23/15 10:29 AM
03/23/15 10:29 AM
Joined: Aug 2002
Posts: 5,726
Lower AL
K
k bush Offline
12 point
k bush  Offline
12 point
K
Joined: Aug 2002
Posts: 5,726
Lower AL
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...
Re: Another land value question [Re: k bush] #1306733
03/23/15 11:07 AM
03/23/15 11:07 AM
Joined: Jan 2009
Posts: 7,780
central ala,
C
centralala Online crying
14 point
centralala  Online Crying
14 point
C
Joined: Jan 2009
Posts: 7,780
central ala,
Originally Posted By: k bush
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?

Re: Another land value question [Re: jdfarm23] #1306830
03/23/15 01:07 PM
03/23/15 01:07 PM
Joined: Aug 2002
Posts: 5,726
Lower AL
K
k bush Offline
12 point
k bush  Offline
12 point
K
Joined: Aug 2002
Posts: 5,726
Lower AL
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...
Re: Another land value question [Re: k bush] #1306851
03/23/15 01:43 PM
03/23/15 01:43 PM
Joined: Jan 2009
Posts: 7,780
central ala,
C
centralala Online crying
14 point
centralala  Online Crying
14 point
C
Joined: Jan 2009
Posts: 7,780
central ala,
It has happened to me many times. No big deal. I've never regretted not buying it for what I felt was too much.


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