What is the value of an acre in your area?

[Dave Lane]

Originally Posted by Rain Man

Until that last part I was convinced that it was a great place to hide a body.

It was the loamy soil that tipped you off wasn't it Mr. Bond?

[ChiefsCountry]

Now I know why all you damn Iowa ****ers come down here and buy land.

[hometeam]

Last I looked into it, (5 years or so) crappy locations where bringing 5-10k, and on highway locations where bringing in closer to 15k per. I didnt look into areas that I knew where premium, so I cant say what they where bringing, but something outrageous im sure. This is in central MO area.

[Valiant]

If you want farm land you can still homestead in a few states if you build a house..

[HonestChieffan]

For most of Missouri, tillable ground will run 3 grand to 7 grand. Timber tracts that are hunt able with pasture will run 3 grand and up depending on the location, water, buildings. Thats in commercial acreage. 10 acres to build on within 30 miles of downtown KC will easily be 8-15 grand/acre

[displacedinMN]

My parents sold farm ground for 9500 last year. It was fair for the land.
I would rather be selling now than buying.

The tax implications of the high farm ground was the killer for us. When the farm next to our family farm went for 11,000/acre. It was some of the highest priced ag land in Iowa at the time-around 3 years ago. We started to look into the best way to pass the land to myself and siblings when the time came.

The newly passed bill allows us to take possession with little tax implications. We are not interested in selling this piece-it has been in our family since 1879.

[oldman]

There's 40 acres about 3 miles east of me that's going for $240K, so that's $6K per acre. But when you look at land, there's a lot of things to consider. We bought our land 10 years ago and I learned some things real quick.
1) Does the land currently have utilities? Those costs can be pretty hefty. You have to at least figure in water, electricity, and sewage disposal (aka a septic tank, etc). Before you say "I'll just use my cell for calls", check the number of bars where you think you want to build and subtract at least one bar for the house insulation and such.
2) Is it on a dirt road? More than likely it is, so you better have a 4-wheel drive vehicle.
3) Forget cable and most high speed internet. If you're in the boonies you're going to have dishes in your yard. Yep, 2, one for your TV and one for your internet. If you're a heavy user of the net, you're not going to like the cost.
4) Do you really want 10 acres? Trust me, that's a lot of work and you'll need a tractor, mowing deck, and an outbuilding to house them in. You'll also need some kind of mower to get up close to the house. I have a little over 5 acres and it takes about 4 hours to mow and trim.
5) Don't think you can just buy a larger parcel and subdivide it. Many counties, including the one I live in, have restrictions on what can be done when you subdivide. Our county says each parcel must have 330' of frontage, so if the land is only 2 acres wide, that limits it to 2 20 acre parcels. Also, some of that land may be in a floodplain. Unless you want some pretty hefty flood insurance (and your bank will require that), make sure you know where that's at. It may also limit what you can do with the land.

[Buehler445]

Originally Posted by oldman

There's 40 acres about 3 miles east of me that's going for $240K, so that's $6K per acre. But when you look at land, there's a lot of things to consider. We bought our land 10 years ago and I learned some things real quick.
1) Does the land currently have utilities? Those costs can be pretty hefty. You have to at least figure in water, electricity, and sewage disposal (aka a septic tank, etc). Before you say "I'll just use my cell for calls", check the number of bars where you think you want to build and subtract at least one bar for the house insulation and such.
2) Is it on a dirt road? More than likely it is, so you better have a 4-wheel drive vehicle.
3) Forget cable and most high speed internet. If you're in the boonies you're going to have dishes in your yard. Yep, 2, one for your TV and one for your internet. If you're a heavy user of the net, you're not going to like the cost.
4) Do you really want 10 acres? Trust me, that's a lot of work and you'll need a tractor, mowing deck, and an outbuilding to house them in. You'll also need some kind of mower to get up close to the house. I have a little over 5 acres and it takes about 4 hours to mow and trim.
5) Don't think you can just buy a larger parcel and subdivide it. Many counties, including the one I live in, have restrictions on what can be done when you subdivide. Our county says each parcel must have 330' of frontage, so if the land is only 2 acres wide, that limits it to 2 20 acre parcels. Also, some of that land may be in a floodplain. Unless you want some pretty hefty flood insurance (and your bank will require that), make sure you know where that's at. It may also limit what you can do with the land.

All this is sage advice.

Make goddamn sure you do your due diligence. And bear in mind that you're responsible for everything. Snow removal. Repairs. Varmint removal. Mowing. It's all on you buddy.

[El Jefe]

Originally Posted by oldman

There's 40 acres about 3 miles east of me that's going for $240K, so that's $6K per acre. But when you look at land, there's a lot of things to consider. We bought our land 10 years ago and I learned some things real quick.
1) Does the land currently have utilities? Those costs can be pretty hefty. You have to at least figure in water, electricity, and sewage disposal (aka a septic tank, etc). Before you say "I'll just use my cell for calls", check the number of bars where you think you want to build and subtract at least one bar for the house insulation and such.
2) Is it on a dirt road? More than likely it is, so you better have a 4-wheel drive vehicle.
3) Forget cable and most high speed internet. If you're in the boonies you're going to have dishes in your yard. Yep, 2, one for your TV and one for your internet. If you're a heavy user of the net, you're not going to like the cost.
4) Do you really want 10 acres? Trust me, that's a lot of work and you'll need a tractor, mowing deck, and an outbuilding to house them in. You'll also need some kind of mower to get up close to the house. I have a little over 5 acres and it takes about 4 hours to mow and trim.
5) Don't think you can just buy a larger parcel and subdivide it. Many counties, including the one I live in, have restrictions on what can be done when you subdivide. Our county says each parcel must have 330' of frontage, so if the land is only 2 acres wide, that limits it to 2 20 acre parcels. Also, some of that land may be in a floodplain. Unless you want some pretty hefty flood insurance (and your bank will require that), make sure you know where that's at. It may also limit what you can do with the land.

Great advice. I know this all too well. We were trying to build on the back section of my folks property. We met with the town zoning board, gave them our proposal (paid $600), they accepted it and passed it to the county who charged me $600 and then denied it. So for $1200 we got no where.

[Predarat]

Whatever it is, it will go up with Andy Reid as the head coach of the Kansas City Chiefs.