Bruce
Herd Master
Good luck! I hope it turns out to be what you want without structural issues.
Misfitmorgan's Journal - That Summer Dust
- Thread starter misfitmorgan
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farmerjan
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- Shenandoah Valley Virginia
With all the delays on the other property, how is it going where you are currently? Weren't they threatening to oust you ? Hoping that it is staying relatively quiet there until you can get GONE.
I agree with your decision to walk away from the other with the issues.
Sure wish I could find a 65,000 property around here with 11 acres.... most with 2 acres are in the 90s. The 75 acres my son bought 2 years ago was 220,000 and then the house that went with it on 2 acres, not available at the time, he bought a year ago for 100,000 and the reason for buying it was the water is on the house piece, the right away through the house piece to the land and just not having to deal with any hassles. House is a rental right now. It was bought because most land is 5,000 plus an acre and that was about 3,000 so a decent buy. Looking at it as investment, not where he wants to end up but it backs up to the current county landfill (over the hill behind it) and may very well be a property the county may need in the next few years. He has put a price on it of 400,000 in case someone comes looking here in the next little bit. There is a 22 acre piece that has just gone for sale that we have rented for years, across from another place we have had for 25 years that was just sold, and they put 249,000 on the 22 acres..... totally crazy in our opinion, but some dumb.... will come from somewhere with money an buy it. It is worth about half that in our opinion.... The piece across was sold for 325,000 with a BEAUTIFUL house and perfectly restored bank barn and pretty good fences 25 acres. House would cost 250,000 to rebuild today. Prices here are crazy.
I agree with your decision to walk away from the other with the issues.
Sure wish I could find a 65,000 property around here with 11 acres.... most with 2 acres are in the 90s. The 75 acres my son bought 2 years ago was 220,000 and then the house that went with it on 2 acres, not available at the time, he bought a year ago for 100,000 and the reason for buying it was the water is on the house piece, the right away through the house piece to the land and just not having to deal with any hassles. House is a rental right now. It was bought because most land is 5,000 plus an acre and that was about 3,000 so a decent buy. Looking at it as investment, not where he wants to end up but it backs up to the current county landfill (over the hill behind it) and may very well be a property the county may need in the next few years. He has put a price on it of 400,000 in case someone comes looking here in the next little bit. There is a 22 acre piece that has just gone for sale that we have rented for years, across from another place we have had for 25 years that was just sold, and they put 249,000 on the 22 acres..... totally crazy in our opinion, but some dumb.... will come from somewhere with money an buy it. It is worth about half that in our opinion.... The piece across was sold for 325,000 with a BEAUTIFUL house and perfectly restored bank barn and pretty good fences 25 acres. House would cost 250,000 to rebuild today. Prices here are crazy.
greybeard
Herd Master
Sold 17.4 ac here in 2015, some infrastructure, highway frontage, 100 yr flood plain, fenced for cattle, NO livable house. I asked $65, bidding went crazy in the first week, and I accepted $120K and turned down $10k more from a bidder that wanted me to owner finance.
(At first I thought it a case of city folks wanting to get out into the country just being crazy, but finally realized they were all bidding for the privilege of having me as a neighbor, what with my glowing personality and enviable good looks.)
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Bruce
Herd Master
Well YEAH! They also know what a wealth of information you are. Certainly worth the price. 
- Thread starter
- #1,005
misfitmorgan
Herd Master
This place at 64k is only because it is not really close to anything and lots of other better places for cheaper were available. Now there is only this place, mill street, and the place we lost...thats the only places under 100K with more then 5 acres of land. That spans two counties so its not a small area.
This will give you an idea
https://www.zillow.com/homes/for_sa...164787,44.493322,-83.642693_rect/10_zm/0_mmm/
First 2 listings are trailers to old to get a mortage on
3rd is the place we lost
4th is an old farm, we looked at it all buildings need to come down except a pole barn..that includes the house
5th is 5 acres for 64k
6th place we wanna put an offer on
Right after that it starts going up pretty steeply.
Meanwhile 2 miles from my mothers is 40 acres with a nice house and old hanger for 84k
This will give you an idea
https://www.zillow.com/homes/for_sa...164787,44.493322,-83.642693_rect/10_zm/0_mmm/
First 2 listings are trailers to old to get a mortage on
3rd is the place we lost
4th is an old farm, we looked at it all buildings need to come down except a pole barn..that includes the house
5th is 5 acres for 64k
6th place we wanna put an offer on
Right after that it starts going up pretty steeply.
Meanwhile 2 miles from my mothers is 40 acres with a nice house and old hanger for 84k
CntryBoy777
Herd Master
Well, that sounds like it may be worth the move......at this point in time.....being close may be something to consider, a small sacrifice for something that may mean so much, not too much further down the road.....worth thinking about anyway.
- Thread starter
- #1,007
misfitmorgan
Herd Master
I cant live that far from my job.
Baymule
Herd Master
Land and home prices here are stupid high too. My question is, where the heck do these people work that buy million dollar homes? Toss in some acreage and the sky is the limit.
Mike CHS
Herd Master
It doesn't help you but I'm happy we got our place for what we did and hope you can do the same.
OneFineAcre
Herd Master
This a cliche but it Is true
There are 3 things that determine a property's price
1 location
2 location
3 location
There are 3 things that determine a property's price
1 location
2 location
3 location
