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Tractor Talk Discussion Forum

land auction

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MSD

04-27-2007 18:33:06




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Went to the neighbor's estate auction this morning. WOW. 156.7 acres of prime development land sold for $36,500 per acre. Thats $5,719,550 for the land an then there is a city sewer assesment that is due when it gets developed that will add another $320,000 onto that. My one acre home site sits right across the road from it. I might have to think about what to due with mine when it starts developing. It currently is zoned ag but in the long range city plans it would be used for commercial. Looked like there was 3 bidders after it. (link at suttonauction.com)

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JTinNJ

04-28-2007 17:18:36




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 Re: land auction in reply to MSD, 04-27-2007 18:33:06  
Just saw in the Lancaster Farming.On April 20th an 85.6 acre farm in Clay Township Lancaster County PA,sold at auction for $102,493 per acre. That's$8,773,385. Talk about hitting the lottery.



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rrlund

04-28-2007 17:08:57




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 Re: land auction in reply to MSD, 04-27-2007 18:33:06  
How's it feel to be one of the EVIL RICH that has won lifes lottery? :)



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