Price for land What is a good price for cleared land in the Clayton area? I've seen land from 20K to 95K for only one acre or less, depending upon the location. It is not in a subdivision and it is for a single family home (not for trailers). Just looking for a ballpark price per acre. Anyone have ideas? Thanks.
You can start with the Johnston County tax appraisal cards. That will give you the appraised value when property was last appraised. Next ask a real estate agent to assist you in securing recent comparable sales. A good real estate agent will save you $$$.
There are several factors that determine a price. Location Soils Flood Wetlands Use Zoning and so on. Just because you want to put horses on it only, for example, if i wanted to put 10 houses on it and make a subdivision, then its going to be worth more. Its what the owner can get out of it, as apposed to what you might want to do with it. If i owned 10 acres of prime residential acreage, and you want it only to put horses on it, its going to cost you what i could get for it. If you follow.
Thanks for the replies!! It is by owner, so I hate to get a real estate agent involved. I am licensed, but haven't practiced in so long I am out of the loop. It is part of a larger tract, but I do know it is for single family homes, not major development, no major restrictions, rural location (family land). I will check the tax record for clues. Thanks again for the suggestions. Next, I will need a good builder!! One who can actually finish a house in under a year, but that is another thread altogether!!:neutral:
