Guests - If You want access to member only forums on FM. You will gain access only when you Sign-in or Sign-Up on Fishing Minnesota.

It's easy - LOOK UPPER right menu.

  • Announcements

    • Rick

      1st Please Post Your Fishing Report - Then Join the NEW - Private Fishing Report Clubs   01/24/2018

      Private Fishing Report Clubs - Click Here - Post Your Fishing Report Before Joining
      1st, be sure you post a fishing report in the forums, then ask to join after you post a fishing report in your area forum. The Private Fishing Report Clubs are where folks can share private fishing information with club members who have proven they know what's going on. Fishing Report Clubs Link also in Menu above. Apply to become a member today, while it's still easy. 
  • RECEIVE THE GIFTS MEMBERS SHARE WITH YOU HERE...THEN...CREATE SOMETHING TO ENCHANT OTHERS THAT YOU WANT TO SHARE

    You know what we all love...

    When you enchant people, you fill them with delight and yourself in return. Have Fun!!!

  • 0
Sign in to follow this  
jjr

Purchasing land - est value?

Question

jjr

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

Share this post


Link to post
Share on other sites

6 answers to this question

Recommended Posts

  • 0
Coach1310

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.

Share this post


Link to post
Share on other sites
  • 0
Surface Tension

Coach1310 good tip.

About surveying. Property lines tend to move. Yes its a good idea, especially if your building.

Share this post


Link to post
Share on other sites
  • 0
IFallsRon

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.

Share this post


Link to post
Share on other sites
  • 0
Big-Al

Have you checked the local zoning? You say it is a buildable lot. You can't build on less than an acre in a lot of locations. That would certainly drop the value of the property.

Share this post


Link to post
Share on other sites
  • 0
caseymcq

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.

Share this post


Link to post
Share on other sites
  • 0
bwtrout

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.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  



  • Your Responses - Share & Have Fun :)

    • Wanderer
      Thanks guys.  I checked out Modis for ice coverage and Navionics to help understand how things are laid out.  Knowing what areas certain fish prefer and those typical depths is a big plus.
    • urbaniceteam
      My wife and I are hoping to get up to Mille Lacs this Saturday and spend the night on the ice.  Does anyone have any last minute availability?  All the resorts I've contacted are booked. Thanks!
    • Borch
      Lots of nice fish!  Central Mn is cranking out some nice panfish.
    • eyeguy 54
      I did till about 2 then just had to go for a bit. LOL 
    • IceHawk
      Nice fish guys. Royce doesn't look like you took the day off 
    • IceHawk
      Great Idea Rick 
    • Borch
      A plus is that the forecast is for a much nicer day Saturday.
    • Tom Sawyer
      Thanks for your work guys! You were showin' some serious team spirit being out there today. I would have helped but I had a few appointments today I couldn't reschedule. I know I'm available Friday to do any last day scouting/fine tuning....
    • IceHawk
      Definitely a grind out prefishing cats today for the gathering.  Weather made it to tough but I Jeff  and his brother pushed through the elements to try and find a few active schools .   Locating the schools were tough took a pile of holes and the augers got a workout for sure,  but fortunately  we did find a couple active schools. Jeff and his brother found a few on one lake and I found a decent school on another lake. The good news was that both schools were cruising shallow flats in both locations and about the same depths. Great news as this is a good indication they are feeding on these flats.   Amazeingly both schools were found on a inside corner. Bingo looks like we have a pattern formed. We iced and marked  a fair number of cats in both locations so things are looking good for Saturday. Plus is we added a few for the fish fry already  Jeff I'll keep plugging away out there hopefully I can dial them in even more I have a hunch there are a few more close by where we ended. 
    • eyeguy 54
      nice fishies
  • Share & Have Fun