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Maine Acres - Cheaper By The Dozen?

Posted 07-31-2008 at 02:46 PM by Nor'Eastah


Looking over some of the latest real estate ads, I find there is an 11 acre parcel selling for $29,900 and a 1/2 acre parcel selling for $49,000. They seem to be comparable in terms of amenities. But then, I also can find a 52 acre parcel selling for $89,500. Very similar (in description) to the other two. So here we have the first parcel selling for $2718 per acre, the second for $98,000 per acre, and the largest one selling for $1721 per acre. It would seem that the more acres there are, the lower the price per acre.

While this is not always so, it is the rule rather than the exception. In the case of a subdivision, you are likely to be looking at higher prices per acre, if only because the lots are all surveyed, likely have passed perc, and usually have some frontage on an improved road with power and phone. Fine for people who want to live in a "neighborhood" (these lots are seldom more than 7-10 acres each, usually much less). They also may have restrictive covenants.

For the buyer looking for a large country acreage, all this presents a bit of a problem. We'd all like to pay the lowest price per acre, but we'd have to buy so many of them that we can't afford the total cost. Wouldn't it be nice if buyers looking for 10 to 20 acres could pay the same price per acre as the buyer looking at a 200 acre parcel? I'm beginning to think that this sort of thing may be possible.

For my patient readers, these blogs are not helter-skelter thoughts just thrown out for your consideration. There is a purpose to this series on the subject of Maine property, and we will be drawing some conclusions about the whole process, before moving onto the next topic. Stay tuned!

- Dave (Nor'Eastah)
Posted in Uncategorized
Views 2299 Comments 2
Total Comments 2

Comments

  1. Old Comment
    Dave, I learn this in the hard way, bought a 140 acres lot on the lake for under $240k, tried to section off 2(5 acres lake front lots) to sell for 50-80k to do this it required to improved the road to Maine standard and bring in the utility will cost more than $260k. the existing road is fine you can a logging truck or a nice Volvo with coffee or drink on all 6 cup holders on it.
    well i guess i have to enjoy the whole 140 acres on the lake by myself for now.

    wabanaki.
    permalink
    Posted 11-05-2009 at 06:11 AM by wabanaki wabanaki is offline
  2. Old Comment

    moving without reason

    do i have to tell the landlord a reason for moving as long as i give the 30 days notice on time?
    permalink
    Posted 08-31-2010 at 07:08 AM by wwithers99 wwithers99 is offline
 

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