Bowtech bandit
Active Member
I know someone that just bought 30 acres for $50,000. Wish I could find those deals.
Do you think? Quality ground/rec ground, both?
Details?
Agreed, or they are so expensive very few can afford them. There is a 1000 acre piece in Southern Iowa for sale now that looks incredible, but not many can afford 5.5 million.Fwiw, the rec pieces I see staying on the market for anything longer than a few days are the "weird" ones...the ones no serious deer hunter wants. These are weird because of strange boundary lines and/or too close of neighbors, etc.
I hope the market cools because I would like to buy another place, but I am not seeing it in my area yet.
Fwiw, the rec pieces I see staying on the market for anything longer than a few days are the "weird" ones...the ones no serious deer hunter wants. These are weird because of strange boundary lines and/or too close of neighbors, etc.
I hope the market cools because I would like to buy another place, but I am not seeing it in my area yet.
Agreed, or they are so expensive very few can afford them. There is a 1000 acre piece in Southern Iowa for sale now that looks incredible, but not many can afford 5.5 million.
I haven't researched the details of this farm because it's out of my price range right now. I do think it will sell for more than $4000 acre, and probably a small group will buy it. No doubt some giants call that place home.Lucas County is where we live and that place is about 10 miles from my house. That property does have some nice wildlife habitat, but there are reasons that it is *way* overpriced at 5.5 million ($5,500/acre). For starters, once you get over about 100 acres, the pool of potential buyers starts shrinking quickly, which means less demand, which means you have to lower your price per acre. Second, a third of that property is floodplain and in WRP (wetland reserve program). That means it's probably in a 30 year easement or a perpetual easement. Great for wildlife habitat, horrible for land re-sale value. If you ever see a property anywhere in Iowa that looks like it's priced for sale at an unusually *low* price, look close at the aerial photos and contour map (and description), chances are pretty good the property is enlisted in the WRP program. The pros about that property are that there is a lot of habitat diversity, plenty of crop ground for food, and it is extremely rare to find a property in southern Iowa that has that much acreage for sale in a single contiguous chunk. That said, any buyer who can afford to buy that property is likely to be an experienced land buyer and will understand the reasons it's not worth close to $5,500/acre. If I had to guess, I'd say if it is purchased as currently constituted, it's likely to sell closer to $4,000/acre than $5,500/acre. Which is still obviously a bigger chunk of change than about 98% of hunters can afford to put into a hunting property.