Price varies depending on what can be done with the land. Zoning ordinances in the township determine what can or cannot be done. I saw that this property is in clean and green, so if someone wants to develop it, they have to pay the back taxes up to 7 years. For strictly farmland, i'd say the price was high considering the condition of the house and buildings, but if 1 acre building lots can be sold off at 50,000 to 60,000 per lot, well do the math. One has to do their homework before purchasing farms or land at auction. Some farms in Pa, the owners sold all development rights, depending on county, was 2500 to 7500 per acre. That land can only be used for farmland no matter how it was zoned. We currently have a 55 acre tract of farmland along the interstate that is zoned industrial. I am listing with a realtor this week at 75,000 per acre. Might take 10 years to sell it, maybe more, but industrial ground is getting harder and harder to find.
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Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
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