How much per acre where you are at??

[nikki]

Red and I want at least 5-10 acres (enough to have some sort of a track) but it is real expensive around this area! We're looking about 40-50 miles away from Chicago and an acre, on average, is $8,000-10,000! So for 10 acres - you're looking at $80,000 at least! And all of the ground around here is a flat as can be too, just to make matters worse :(

Where are you located and how much is land going for around you?

Also - what is the terrain like? Hilly, flat, sandy, clay, woods, etc...

 

[txvintage]

Located about an hour North of downtown Dallas, there is currently 100 acres available for 6K an acre,. Terrain is sort of hilly, sandy loam topsoil, and clay based, with some trees, but it has been cleared as farm land.

My understanding is that it can be divided up. I'm not sure if that is the average price per acre around here, but seems like a reasonable deal. There are so many houses going up on what were producing fields last year that it is amazing.

 

[Old CR goat]

West TN., Where I live most of the land is either farm or woods. 10 acre track you could find for 1600 to 2200 per acre, depending. Smaller tract=more per acre, larger=less.There have been some large tracts go for 1200 per acre( over 100 acres). for the most part the land is rolling hills.

 

[LoriKTM]

You don't really want to know what bare property is going for out here, do you?? Yeah, sure you can buy an expensive lot in a snobby subdivision, if you really wanted to. One of the big selling points for us moving out here was the property costs. We bought our house and 45 acres for less than $150K. I think we have the only flat piece of land in all of upstate NY, though! :think

Most undeveloped property is pretty cheap, < $1,000 an acre. Hilly, wooded, open, you name it. I wish I was a millionaire. I was perusing the local real estate guide recently, and found a log home for sale on 770 acres, for "only" $850,000!

 

[Patman]

Being in the land development business we see it all over the boards. Close in? Expect to pay big. Located within an hour of a prime development corridor? Big $$$. Outside a "prime" area? Much less. As noted bigger tracts have a lower cost per acre (or even SQ. FT.!) cost than small ones. Most cookie cutter subdivisions on flat land around here get $18K for a 60'x110' lot (do the math and it's EXPENSIVE per acre) even though the land cost was maybe $9K per acre. We just finished a new home on some acerage we bought 7 years ago for $7K / acre and the property next door is now listed at $30K / acre!:eek: This is "Texas Hill Country" so it's scenic, rocky, and treed. Go out to west Texas and you see 800,000 acre ranches for $75 / acre! Look at the future potential of the land and maybe it's an investment, compare it to other areas, decide if you want to live there or just have for riding. Also see if you can borrow a magazine I gave AJ at Dirt Week. :D

 

[SPD]

We've been offerd 47,000 per acre for 30-40 acres by the cath. church. Some of the lots go for 250,00 per lot, high end. The cheap ones are around 50 to 75 thou.

 

[OldMaiconut]

I bought 160 acres about 40 minutes west of Oklahoma City for 87,000. Thinking about building a vintage-freindly track on it one of these days

 

[WoodsRider]

Nikki - It's not just the land that's expensive where you're looking. Back in '98 we were home shopping in the Bradley/Bourbonnais/Manteno/Peotone area. We ended up buying in Bourbonnais, but sold that home 2.5 years later for a small profit. FWIW, prices do drop once you get to Kankakee County, but not significantly. In that area, we would have paid close to $250k for a home comprable to the one we're building for $175k in upstate NY. The best part is we get to look at trees and mountains here as opposed to corn and bean fields.

 

[gospeedracer]

Ohhh.... about 1.2 million..... ;) Naw, more like, 300-400 thousand per acre.

 

[Jaybird]

Around the Lousville area anywhere between 2000-5000 for wooded boonies.
Pature land with rolling hills is going for about 5-15k. On a hill with a good view (Floyds Knobs, IN.) could cost you up to 100-150k.

There is a 150+ acre horse farm with a huge old house, indoor riding arena, trails to kill for, 50 acres rolling pasture, creek, and three out barns for 350K right across the street from me.
This area has been noted as one of the best values in the country.
Taxes range from 6-12% depends on the county.

 

[gospeedracer]

Originally posted by Jaybird
There is a 150+ acre horse farm with a huge old house, indoor riding arena, trails to kill for, 50 acres rolling pasture, creek, and three out barns for 350K right across the street from me.

Awwww man!! I would love that! That would go for about 14 million around here. :( What's the name of the realtor on the for sale sign, if there is one?

 

[Jaybird]

The place is for sale by the owner. He owns a Ford dealership in the area and has this place paid for in full, I'm certain, so he has no lien worries. He has a farm where he lives about three miles away that is fabulous. He has made a commitment to everyone in this area not to lot it out for a subdivision and not to sell it to one of our notorious subdividing realtors.
If you are really interested, I will get his number for you. It would be a dream farm for a horse person. Needs little work, and has a perfect place for about a 1/2 mile training track for thouroghbred minded folks. I'm surprized it hasn't sold yet.

The cost of living coupled with the great real estate values in the Louisville area has put it on the 10 most livable city lists for many years.

LOL...you may have to put up with Sherrif Bubba & Deputy Dumbass though. :p

 

[yardpro]

property on the mainland runs from $10/ square foot to $500.00 per square foot. no joke!!!! One of my clients just paid $780,000 for a 50x100 lot with a three story ~3000 sq ft house, demolished the house ~$30K, and built a 4 story ~$400,000 house. This is teir vacation home. Lots of big spenders 'round here, just wish they'd all spend it w/ me

 

[Jonala]

Just up the road from me is Los Altos hills. To buy 5-10 acres would run you about $10M - $20M! Not that your neighbors would let you ride your bikes with out complaining. You could try Woodside, CA. Your chance of finding that much land is possible, same price as Los Altos Hills.

Real Estate has taken a 20% tumble :scream: from the high that it hit 2 years ago.

Not much help, just something to laugh at :p

 

[bwalker]

In Upper Mi property varies from 250 to 1500 per acre.My father and I purchased a hunting camp for 250 an acre. We didnt own the timber rights for seven years but it was already cut over and regenerating when we bought it.

 

[weimedog]

$450 to $1000 per acre. And there are places for sale all over the place. The back side on my hill went up for sale...(After we moved in and exposed the area to copious amounts of motocycle riding!) The farm next to us is up for sale, owner financed.

There are many farms for sale in this area as well. Some working and some fallow. Lots of places, lots to do, we are happier now as this turned out better than expected.:)