Does this price for this amount of land sound right to you?

[fushalilly]

I live in Rhode Island, where this amount of land would sell for over 2million. In kentucky, is it cheaper or is this just a huge error?

http://www.dcwebdesigns.com/farm/

Look at the price!

 

[Katy]

For Kansas that's still very expensive!!

 

[speckledhen]

Yes, other areas are MUCH cheaper. Land here is about 20K per acre, generally.

 

[buckeye lady]

Farm acreage is $5000 and acre here in NE Ohio. The further South and West you go the cheaper it gets. Price sounds right to me, You could probably get for $135, 000.

 

[Katy]

Yikes! Here people think the buyer has gone nuts if they spend 2500 for good farmground.

 

[speckledhen]

Well, Ga is not cheap anymore. This is a trendy area, I guess. Lots of second home people here who live in FL half the year. So, they have money. TN is cheaper and I wish I was there. I detest Atlanta and all the ways it affects the rest of the state.

 

[FunnyFarmer]

Doesn't sound like an error to me. That part of Ky is nice--very pretty. Depending on how close it is to I-64 or the Mountain Parkway it will be an easy drive to Lexington, which is a decent town. I used to live there & still visit frequently. I still get homesick for Ky occasionally--the Piedmont of North Carolina is a nice place to live but the terrain is boring. I miss the Bluegrass and the mountains.

 

[FrChuckW]

Quote:
No that is a fair price for the land, however read the fine print. Water is from a well, not piped from a city source. The house is a tar-paper shack construction, with no indoor plumbing, and the outhouse needs repair, which probably means you will not only have to build a new one but also reline the collection pit. It does say that electricity is available which means that you will have to have it brought into the property and hooked up.

Also the ad states that the property is in a National Forest area, which means that you might have some restrictions as to what you can build and/or raise on it. Also while the ad states some facts about the flooding issues, the last really big flood here in Kentucky was in 1937, there are maps that show the flooded areas during that time frame. The rest have been smaller ones and not as devastating as that one.

 

[hoosier]

That seems high to me considering the location and all of the drawbacks to that particular piece of property.

 

[AussieSharon]

I have a ton of family in Ky and that seems high.