Field of dreams for sale: $5.4 million

[ChiefBenderForever]

100 acres of farmland is probably 30-50k, and that was before property values tanked, if anything 300k is to high.

[matthew]

Originally Posted by JohnnyHarmonica

100 acres of farmland is probably 30-50k, and that was before property values tanked, if anything 300k is to high.

300 to 500 per acre? I'd buy it all day long.

[rc4157]

I agree with Matthew, farmland isn't cheap, I would guess at least $3,000 per acre. Then you have to add in the property value and also the novelty of the "Field of Dreams".
RC

[ChiefBenderForever]

I was wrong, avg price of acre of farmland in Iowa is 3500-4000 which is shocking considering in North Dakota it is going for 300-500 an acre and less in some cases.

[chiprop]

Originally Posted by JohnnyHarmonica

I was wrong, avg price of acre of farmland in Iowa is 3500-4000 which is shocking considering in North Dakota it is going for 300-500 an acre and less in some cases.

What town? I like those prices

[FUBAR]

Be thankful you are not in Vancouver, where the average 3 bedroom bungalow house on an average lot is over 800K..... put the same house in West Vancouver and its 1.5 mill.

Ive already resolved i will never own real estate here!

[carrigansghost]

I have a very nice 1 acre lot for sale in Maine for $19,900 if any high roller should care to branch out into the real estate market. Plenty of hardwood as well as some pine, nice seasonal brook running through the property.
http://www.realtor.com/realestateand...source=suggest

Rawn

[baseball tourist]

Originally Posted by FUBAR

Be thankful you are not in Vancouver, where the average 3 bedroom bungalow house on an average lot is over 800K..... put the same house in West Vancouver and its 1.5 mill.

Ive already resolved i will never own real estate here!

Amen to that brother. Same here, and I live in East Van.

[slidekellyslide]

Originally Posted by JohnnyHarmonica

I was wrong, avg price of acre of farmland in Iowa is 3500-4000 which is shocking considering in North Dakota it is going for 300-500 an acre and less in some cases.

If the land in North Dakota is anything like the land in South Dakota I can see why it's so cheap.

[mullinsm]

I live in central Iowa and know a little bit about local land prices.

Good cropland around here sells for 4-, 5-, even $6000 per acre. I don't know the quality of the soils upon which the Field rests but I suppose they're comparable. Given that, $700,000-$1 million would not be an unreasonable sale price. $5.4 is probably wishful thinking.

I'll actually be driving right by there tomorrow. I'll stop by and pay my respects before it's a Field of Soybeans again.

mm