Re: OT(?) Land or Lots for sale in Rachel?

Message posted by Joerg (Webmaster) on December 29, 2008 at 8:14:54 PST:

Undeveloped land used to go for $7,500 for 5 acres. Since Fay Day, who owned most of the vacant lots there at one point, ran out of land to sell, the prices people are asking are all over the board. I have seen anywhere between 6,500 and 20,000 for 5 acres. Of course no one actually pays 20,000. IMHO $8,000 to 8,500 for undeveloped land would seem fair.

The development cost is significant. A well will cost you $10k to $15k (depending on whether you are ok with a well house or want an underground well house, how many water outlets etc.). Power hookup is about $3,500, including the transformer. Septic system is another $3-4k at least. A fence can cost you another $5k. All this is, if you can find someone to do the work.

In Reply to: OT(?) Land or Lots for sale in Rachel? posted by Charles on December 28, 2008 at 19:40:18 PST:


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