Jump to content
  • GUESTS

    If you want access to members only forums on HSO, you will gain access only when you Sign-in or Sign-Up .

    This box will disappear once you are signed in as a member. ?

  • 0

Purchasing land - est value?


jjr

Question

Looking to buy some land from a private party (buildable lot, non lakeshore, near small town in Northern MN). Wondering where to start on getting an estimated value of the land (less than an acre)? Is getting the land assessed or surveyed a good idea or what else to start?

Thanks for any information

Link to comment
Share on other sites

6 answers to this question

Recommended Posts

  • 0

IF the lot you are buying is currently taxed as its own parcel, you can start by finding the value in which the county taxes it for starters. Also do some comparisons for the surrounding area. The price they are asking in most cases will be quite a bit higher than the tax value as long as it is vacant. Good luck.

Link to comment
Share on other sites

  • 0

If you have the property address or description, you can also find out when the seller purchased the property and how much they paid.

We looked at a similiar-type lot this summer. The listing price was $17,900. We found out that the seller had purchased the property in June for $4,500.

Link to comment
Share on other sites

  • 0

Having the parcel surveyed if it isn't already is a good idea. You could, as a part of the purchase agreement, split the cost with the current owner.

The survey cost will depend on where the nearest established monuments are. If there are none near by the survey could get spendy. If you think you may want to have it surveyed you may want to check with a local land department (most likely county) for what type of monuments/corners are in the area.

Link to comment
Share on other sites

  • 0

I own a lot that's a similar size. I later found out the township had different zoning restrictions from the county. It is zoned recreational no structures can be built including a shed until a home is built. A house requires a larger lot size. I can only have movable items on for a certain amount of time per year. Check with local zoning, county zoning, and meet any neighbors who own abutting property. Also check with the county (road right of ways) and utilities companies on easements. Access to your property if it's not on a road is another big one.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.


  • Your Responses - Share & Have Fun :)

    • Sorry to hear that Duff. Will give my GSP's an extra scratch behind the ear for you guys today
    • Aw, man, sorry to hear that.  Shed some tears and remember her well.  They all take a piece of our hearts with them; some more than others.
    • yes sorry for your loss..  our dogs are always special...
    • Truly sorry to hear that duffman! I know that feeling.  Keep the good memories  
    • Chamois passed away this weekend a couple days short of her 13th bday. What a great dog to hang out with here at home and on distant adventures. Gonna miss ya big time my little big girl.
    • Sounds pretty sweet, alright. I will check them out, thanks.
    • If you really want to treat your wife (and yourself) with a remote operated trolling motor, the Minn Kota Ulterra is about easy as it gets.  Auto stow and deploy is pretty awesome.  You just have to turn the motor on when you go out and that the last time you have to touch it.   24V 80lb.  60 inch shaft is probably the right length for your boat.  They ain’t cheap - about $3k - but neither one of you would have to leave your seat to use it all day.
    • Wanderer, thanks for your reply. I do intend for it to be 24 volt, with a thrust of 70-80. Spot lock is a must (my wife is looking forward to not being the anchor person any more).  With my old boat we did quite a lot of pulling shad raps and hot n tots, using the trolling motor. Unlikely that we will fish in whitecaps, did plenty of that when I was younger. I also need a wireless remote, not going back to a foot pedal. We do a fair amount of bobber fishing. I don't think I will bother with a depth finder on the trolling motor. I am leaning toward moving my Garmin depth finder from my old boat to the new one, just because I am so used to it and it works well for me. I am 70 years old and kinda set in my ways...
    • Dang, new content and now answers.   First, congrats on the new boat!   My recommendation is to get the most thrust you can in 24V, assuming a boat that size isn’t running 36V.  80 might be tops?  I’m partial to MinnKota.     How do you plan to use the trolling motor is an important question too.     All weather or just nice weather?   Casting a lot or bait dragging?   Bobber or panfish fishing?   Spot lock?  Networked with depth finders?  What brand of depth finders?
  • Topics

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.