Posted by RJKeith on November 30, 2022 at 06:09:19 from (3.224.135.144):
In Reply to: Land Value posted by DelMN on November 30, 2022 at 05:39:02:
Try searching Zillow or some other one-line real estate site and look for similar properties near you. If there are none close by, find some further away and then look at for similar properties in the same area verses where your property is so you can see what the difference is. For example, no 45 acre farmland close by, but 1500 sq ft house on 10 acres. So you find 50 acres of farmland in a neighboring state, then find a 1500 sq ft house on 10 acres close by, see what the difference is with the 1500 sq ft house near you, and use that ratio to adjust the price of the 50 acres to get an idea of what your land is worth. Not exact, but it should get you in the ballpark.
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