4 ms·
Agreed it's not particularly cheap at all. Average cropland per-acre cost is $4k per acre, which prices 122 acres at under $500k. If you want cheap acerage in t
by throwaway76543 10y ago
Agreed it's not particularly cheap at all. Average cropland per-acre cost is $4k per acre, which prices 122 acres at under $500k. If you want cheap acerage in the woods you can get it for around $1k/acre - expect to spend around $150k in total.
Hell, for $1,700/ac you can buy a 160 acre plot within driving distance of Silicon Valley out by Mt. Hamilton: https://www.redfin.com/CA/Newman/5-W-of-Hwy-95360/home/22910528 https://www.redfin.com/CA/Newman/5-W-of-Hwy-95360/home/22910... These old 160ac homestead plots come up for sale periodically out there and they're quite cheap. Much, much less than a three hour drive from say, Palo Alto.
Now, about that water ...
- randomdata 10y agoFarmland fetches $15,000-20,000 per acre around here. $1M sounds cheap, if the land is any good.
- bhickey 10y agoUp in Vermont you can get timberland for $1-$3k acre. After you account for the lumber the dirt looks like it has negative value.
- someguydave 10y agoSure, raw land is a liability to a degree - folks could go and hurt themselves on it and sue you, etc.
- throwaway76543 10y agoTax liability as well. Holding land and doing nothing with it costs money.
- someguydave 10y agoThe listing says "benefits from the Williamson Act" which apparently means that the property cannot be developed for some period of time - which probably explains the low price.