Re: Why is this land so cheap?

Posted by jdemaris on February 03, 2005 at 19:19:16 from (209.23.29.1):

In Reply to: Why is this land so cheap? posted by Phil from Maryland on February 03, 2005 at 11:06:32:

Those prices aren't unusual. I will say that just recently, prices are shooting up. I often come across land in larger parcels near me, in central and northern New York state in the $200-$400 per acre range. Most likely better land than the SD land you're looking at. Around here, if it's in a rural area, over 30 acres, no utilities, and poor winter access - the price is usually low. I recently bought 50 acres that's only 20 miles from Fort Drum in New York and 20 miles from Lake Ontario, and close to the Adirondack mountains. It's a mile from the nearest plowed road and utilites, half wooded with hemlock beech, and sugar maples and half lower with trout streams and beaver ponds. Paid $200 per acre with a warranty deed and no restrictions. Very often landlocked parcels go for less than $100 per acre. Same goes for land with cloudy deeds. Also bought some beautiful hilltop land here where I live in central New York, 15 miles from Cooperstown and 45 miles from the capital - Albany. Great views, deer and turkey all over the place, good access to a fully maintained road, two ponds and springs all over, large sugar maples, red oak, and hemlock, and electric running through the property, and no deed restrictions, and warrantey deed - paid $400 per acre for 32 acres.

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