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Joined: Nov 2011
Posts: 22,626 Likes: 23
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 22,626 Likes: 23 |
I turned down twelve thousand five hundred an acre a few months ago for some pasture land in Colbert County. It's in the Robert Trent Jones whatever, and is currently a hayfield. Man wanted to start a subdivision on it. I would have sold, but the wife (A Realtor) said no. The land was purchased in 1973 for one thousand an acre. Looks like we made a pretty good investment. No doubt a good investment, but a grand an acre back then was a lot!
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Joined: Nov 2013
Posts: 2,780
10 point
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10 point
Joined: Nov 2013
Posts: 2,780 |
The smaller the tract the more sellers can get for it, because it’s more affordable and is within reach of more individuals. In other words, the demand will naturally be higher for it. Depending on where it is, small tracts can offer just as good recreation as larger tracts. Too many variables to answer that question but 2k plus an acre is about the standard. Some will go for much more. The 50 to 200 acre tracts can sell all day long, it’s the 1000 acre tracts and million dollar sales prices that typically sit for a little while.
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Joined: Mar 2018
Posts: 16,939
Old Mossy Horns
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Old Mossy Horns
Joined: Mar 2018
Posts: 16,939 |
I turned down twelve thousand five hundred an acre a few months ago for some pasture land in Colbert County. It's in the Robert Trent Jones whatever, and is currently a hayfield. Man wanted to start a subdivision on it. I would have sold, but the wife (A Realtor) said no. The land was purchased in 1973 for one thousand an acre. Looks like we made a pretty good investment. No doubt a good investment, but a grand an acre back then was a lot! My grandad bout 39 acres in late 70s that banker didn't wanna loan money to cuz it was around 2000 an acre in boaz...hes sold 2 acres for 225k still got 37 lol
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.
Ben Franklin
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Joined: Apr 2017
Posts: 1,076
6 point
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6 point
Joined: Apr 2017
Posts: 1,076 |
We bought 80 acres in Pike county 2 years ago for 120k. We plan to build on it in 15-18 years and just hunt it until then. Not much big timber, was replanted in '11 or '12. Seems to have a fair # of deer passing through. Has road frontage and not too far from town. I think we got a good deal.
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Joined: Nov 2011
Posts: 22,626 Likes: 23
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 22,626 Likes: 23 |
We bought 80 acres in Pike county 2 years ago for 120k. We plan to build on it in 15-18 years and just hunt it until then. Not much big timber, was replanted in '11 or '12. Seems to have a fair # of deer passing through. Has road frontage and not too far from town. I think we got a good deal. I think you got a good deal too, and it sounds like a great place to hunt. I think people expect hunting land to go up like house prices or the stock market. It simply doesn't happen like that in areas far from towns. Which is good for folks like you looking to buy more land.
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