Land Values

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Author Message   ROGER Citizen Username: Roger Post Number: 3 Registered: 2-2005 Posted on Friday, March 4, 2005 - 1:03 pm:        Does anyone has a clue of what land per acre or per square foot is going for these days?   Reflective Citizen Username: Reflective Post Number: 796 Registered: 3-2003 Posted on Friday, March 4, 2005 - 10:48 pm:        it goes for a lot!   ROGER Citizen Username: Roger Post Number: 4 Registered: 2-2005 Posted on Sunday, March 6, 2005 - 12:22 pm:        Very helpful and Very Reflective.   Bob K Supporter Username: Bobk Post Number: 7818 Registered: 5-2001 Posted on Sunday, March 6, 2005 - 12:38 pm:        I can't speak specifically about SO, but it appears there isn't enough vacant buildable land to have a real market. Howver, it doesn't appear that values are high enough so that the tear down phenomena has taken hold here, possibly because of taxes. In many suburban towns indidviudals or developers buy preoperties, tear down the existing structure and build Mac Mansions. If you are talking about the land value as far as real estate assessments are concerned, the number doesn't really reflect the market, but, at least in MW, is used as a tool by the assessor.   doublea Supporter Username: Doublea Post Number: 931 Registered: 3-2003 Posted on Sunday, March 6, 2005 - 12:51 pm:        Roger - The Beifus site, by any chance?   MHD Citizen Username: Mayhewdrive Post Number: 1960 Registered: 5-2001 Posted on Sunday, March 6, 2005 - 6:57 pm:        The 30 acres of the Quarry were appraised at $3 million and bought for $6.1 million ($200,000/acre).   ROGER Citizen Username: Roger Post Number: 5 Registered: 2-2005 Posted on Monday, March 7, 2005 - 9:44 am:        30 acres = 1,306,800 sq. ft. At $6.1M, it looks like they paid about $4.67 per sq. ft. for undeveloped land. I think residential land is being assessed at about $10 per sq. ft. Can anyone give their two cents? I wonder how much would they sell the Beifus site for. Right on doublea!