Re: Land prices

Posted by Tim(nj) on March 18, 2004 at 17:24:09 from (209.50.154.149):

In Reply to: Land prices posted by Jonathan on March 18, 2004 at 16:10:07:

A good building lot in west central New Jersey (min 6 acres in my township) will go for $12000-$22000 per acre depending on any improvements that might be on it and special considerations, like view, wooded (worth more!), etc. You can buy preserved farmland from $5500 to $10000 per acre, depending on size (<100 acre farms are more in demand, hence higher prices) and how the farm is set up. Preserved horse farms, horticultural nurseries, and orchards/vineyards bring the highest bids. Even with farmland assessment, the property taxes will still cause fits. Since when is a 50 year old 12' x 40' stave silo worth $15,000?

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