Land prices Haywood County thanks Ford

[Chaneylake]

A 177 acre farm purchased about 4 years ago base price about $3000.00
per acre.
Owner just turned down $40,000.00 per acre

 

[PickettSFHunter]

It’s the new TN way.

 

[Bambi Buster]

You're welcome.

Some people think the capitalist free market system don't be like it is, but it do

 

[7mm08]

Hope he can pay the taxes on that new $7,000,000 piece of land. Good for him

 

[Chaneylake]

Hope he can pay the taxes on that new $7,000,000 piece of land. Good for him

No problem imo, he walked into bank last August borrowed 26.4 million for a timber/land purchase.

 

[RUGER]

@gasman

 

[BlackBelt]

I imagine quite a few landowners in the Haywood county area are VERY happy right now

 

[buckbstr_1]

Holy smokes... People rich down there!

 

[Cache]

Good grief. I’ve been looking for land for a few years now. I think they’ve just about priced me out of being able to afford anything in west TN.
Is that offer solely based on proximity to the Ford plant?

 

[gasman]

I imagine quite a few landowners in the Haywood county area are VERY happy right now

Yes but some of us just like the little country lifestyle. Yes I probably will turn a profit but my house and land wasn't bought to turn a profit.

 

[rem270]

If you talk to the person who made the offer tell him I have 87 acres I'd sell for that per acre.

 

[BMan]

I'd have sold it in a heartbeat; that $7M will buy a lot more land somewhere else.

 

[Snowwolfe]

Was there anything special about the property to bring that much $$$ per acre?

 

[jameseboy]

Sounds like when the Casinos went in in Tunica. The lesson there was grab it while you can

 

[7mm08]

No problem imo, he walked into bank last August borrowed 26.4 million for a timber/land purchase.

Well I guess not! Hahahhahaha

But how does that happen if you are a common guy and squeezed the funds to buy property and now the county wants taxes paid at 7 million a year ?

 

[RUGER]

Well I guess not! Hahahhahaha

But how does that happen if you are a common guy and squeezed the funds to buy property and now the county wants taxes paid at 7 million a year ?

I would say you pony up or sell and move.

 

[BSK]

I keep hearing about crazy land prices in TN, but thankfully, that trend hasn't hit my area. Yet. You can still buy land at the same per-acre price as 10 years ago.

 

[BlackBelt]

If you are looking for reasonably priced land, look in Hardeman, McNairy and Hardin Counties. Im sure there are others, but I am familiar with those.
The big bonus is that you will have to shoo away the deer to look at those properties.
Just type it into the MLS or google 'properties for sale' in the county of choice. They will even let you put in your price limits and just send you those in your budget.
Just a word of advice--TN is the 3rd most 'moved to' state in the US in the last year. That is not going to slow down. Buy your property now or pay through the nose later when supply is even shorter.

 

[Chaneylake]

Was there anything special about the property to bring that much $$$ per acre?

its the only large tract, 177 acres, that has been cleaned up
has existing sewer, water and electricity
over 3000 feet of road frontage on a 4 lane road at exit 56 Brownsville

 

[ttf909]

I keep hearing about crazy land prices in TN, but thankfully, that trend hasn't hit my area. Yet. You can still buy land at the same per-acre price as 10 years ago.

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