Mike CHS
Herd Master
Well, you definitely couldn't build all of that infrastructure along with the house for that money.
Carla D-Great new adventures and an Amazing Life
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- #462
Carla D
True BYH Addict
You’re right. I emailed the realtor about this property. Something just isn’t right. I don’t know if it’s because it’s that much further from Minneapolis/St. Paul than we currently are, if it’s a cheaper location? But, yes. You can’t build half of the infrastructure for that kind of money. I can’t wait to see what the realtors reply will be.
Bruce
Herd Master
The place looks really nice for you Carla. And at that price, especially since you said it is almost too good to be true, yeah check all the nooks and crannies. Real estate IS location, location, location. Good luck!
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- #464
Carla D
True BYH Addict
I kinda wonder if that’s the case here. But I just don’t think is possible to build the pole shed structures for that price. 200’x100’ that has to be pretty expensive. I can see the house and and old barn and outbuilding for that price. It just doesn’t add up. If we spend more than $40k-50k with a structure on it we would have to know what kind of work we’d need to do first. We don’t have much of a contingency fund most days. A soil test or two might be called for as well. It does look really well maintained, especially the yard and landscape. It’s all really well manicured.
Bruce
Herd Master
You don't suppose they kinda sorta missed a "1" in front of the 250,000? Or is that way out of line price wise for the property?
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- #466
Carla D
True BYH Addict
There seems to be a few real estate type people in here. There is even a bloodhound for property person or two in here.
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- #467
Carla D
True BYH Addict
That thought hadn’t crossed my mind. But as I mentally tally things up I do come really close to the million dollar figure. But this has been on the market for 199 days. I would think that type of mistake would have been fixed by now. But two also the same price on four different sites. But, you might be right. Anything horse related is very pricey in this area.
Mike CHS
Herd Master
In our area the properties less than 10 acres are higher than properties more than 10 acres. Most of those less than 10 acres are sold to folks that will commute between here and Nashville. Normally, outbuildings don't figure into the sales price at all. Most farm sales here don't include any $ for buildings other than the home.
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- #469
Carla D
True BYH Addict
That’s interesting. Does land value pricing seem high? It’s outrageous here. In housing development it’s tough to find ¼ acre of virgin land for less than $35K. I wish I could figure out why property is so expensive here.
Bruce
Herd Master
That does seem to be the way of it. Small lots already parceled out and with utilities are way more "per acre" than large acreage lots. I guess to an extent the large acreage properties are somewhat distant from "amenities" and a lot of people want everything close by and the lot ready to build on. Supply and demand. Not much in the way of "virgin" land where developments exist.
