how much is 3 acres of land worth

3 acres of Georgia land for sale 3,616 properties For you 2 months $849,000 3 acres Liberty County Midway, GA 31320 8 months $225,000 2.6 acres Camden County Waverly, GA 31565 10 months $280,000 4 acres Cobb County Kennesaw, GA 30152 11 hours $65,000 3.67 acres Gilmer County Ellijay, GA 30540 3 days $64,000 3.35 acres Fannin County An acre of land is 43,560 square feet. near you. We provide detailed transactional data, cost benchmarks and in-depth analytics for participants in the wood raw materials supply chain. Timberland owners in the US South who manage their land for timber production predominately manage for the growth of large pine logs. However, even that will be an estimate, and paying an appraiser isnt always feasible. How big is 3 acres or 5 acres of land visually? How Big is an Acre? Explained - The Calculator Site As a result, the size of the trees removed during thinnings and clearcuts are quite different and therefore vary in value. Most land has been zoned, which means its been classified for a certain type of use. Avg NCCPI 68 Its also essential to assess how unique or unusual your land is. Plus, they can also add thousands of dollars to the value of your land. Some experts, though, have attempted to arrive at a rough approximation. and seller names, and GIS data for each sale, and build a comparable sales report. Like thinnings, clearcut values per acre for timber in the higher-value age classes all decreased in 2019, also a sign that supply outstripped demand. To find a licensed and qualified land appraiser, you can ask a local real estate agent who regularly sells land for recommendations. For example, if the land is suitable for recreational purposes, buyers might not pay as much for it as land close to a major attraction or a prime building location. Here are the main ways to learn what land is worth: Ultimately, what a piece of land can and is likely to be used to determines its worth. An avid hunter, though, might be happy to pay two or three times that amount. For sellers, a trained forester is essential to provide insight into local market dynamics and help determine an accurate amount of merchantable wood that exists on an acre of timberland. Then a useful estimate for what your land is worth is well within reach. With up to 5 acres, you dont have to worry about spending all day long mowing and trimming the lawn, but youll have enough land to provide you with some privacy that youll cherish. How to Go About Selling Your Land Property Online, Selling Land by Owner Things to Consider When Selling Land Without a Broker, Preparing Your Land For Sale - Tips For Selling Land, Understanding the Land Market - How to Maximize Land Values. Avg NCCPI 67 Bartholomew County Avg AcreValue $7,418/ac. It can give you some idea of the size of your lot so that in the end, you can make plans on what youd like to do with it. There are a couple of considerations to keep in mind when analyzing the natural pine data: In the chart above, the expected higher stumpage value for clearcut timber sales is evident. Get free, objective, performance-based recommendations for top real estate agents in your area. An acre of residential land in San Francisco, for example, sells for more than $26 million. The current zoning requirements may limit how a buyer can use or develop a parcel of land, which has a direct impact on its value. Visualizations, size, and cost of an acre. Learn more. Thats quite a difference, but you have to remember that undeveloped land will cost less than land that has already been developed, and land that is located near cities and landmarks is always going to cost more than land in the same cities but which is further out in more rural areas. You can buy an acre for as little as $1,000 in some places, but prime real estate or fertile farmland can exceed $100,000 per acre. You can pay anywhere from $1 an acre or less to $1,000,000 or more, depending on where you are in the world. Access nationwide GIS plat map. [i] Stumpage is the term used for the purchase price of standing timber and the rights to harvest that timber. First, gain an understanding of your lands value characteristics and how it compares with other parcels. 1 acre = 4046.86 square meters 1 acre = 4840 square yards 1 acre = 0.404686 hectares 1 acre = 1/640th of a square mile As an example, your land could have a length of 208 feet and a width of 209 feet, giving a total area of 43,472 square feet, which would be just under 1 acre. But its not just buyers looking to build a new home that might be interested in your land. Today, the average residential lot costs more than $97,000. The increased timber volumes combined with a mix of hardwood sawtimber will result in a higher price per acre. improve the long term value of land by boosting soil health, improving water retention, and Unlike the plantation data, there is a clear trend of increasing stumpage prices over the three-year period for both clearcut and thinning timber sales on natural stands. One acre is equal to 0.0015625 square miles. Sales data from different land transactions is often less comparable, as well. As with any search, findings will show recent sales and estimated values of current listings. (What Does It Look Like), Outdoor Tv Lifts: The Secret To An Elevated Backyard Experience. A smart idea is to ask for their license number and speak with the real estate governing board in your state to make sure they are legitimate with an active appraisers license. For instance, the huge demand shift for tissue products coupled with the slowdown in construction over the last several months presented an ideal time to market and sell timber from young pine stands. Back in the early 1800s, the U.S. government offered millions of acres of land for $1.25 an acre to settlers, but even that price was out of reach for most. When the buyer later defaulted on the loan and a foreclosure was filed, the lender hired a different appraiser to give the land another look. These pine timber stands most often go through even-aged management regimes where the majority of the trees present are the same age (+/- a couple of years). If you own property, you may be asking how much is my land worth? Dont worry, weve built this article to answer this exact question. According to the U.S. Census Bureau, the average size of a lot for a residential home is around 8,892 square feet or roughly one-fifth of an acre. If you plan to grow food or keep livestock on your property, acreage becomes even more important. Finding out the market value of raw or vacant land can be challenging in a fluctuating market. However, there are a couple of notable trends as well: Individual age class data is unavailable for natural stands of timber, however, the harvest information of natural pine stands illustrates similar price-per-acre ranges as the plantation pine harvest data. These practices can improve the long term value of land by boosting soil health, improving water retention, and reducing erosion. farmland in the United States was $3,160 in 2020, according to the USDA. But a large corner lot with lots of frontage will have much more value.. Also relatively affordable are a couple of Midwest states, such as Idaho, Nebraska, and North Dakota, where the total value of the land is about $3000 an . reducing erosion. Task near real-time high resolution SkySat imagery from Planet directly via AcreValue. If the property you are trying to value is situated in a rural setting, this site will probably bring the best results. land sales database, and Please seek a professional for any real advice. AcreValue has launched Critical Energy Infrastructure Data on its To generate a comprehensive valuation of the 48 contiguous states, Larson's study, New Estimates of Value of Land of the United States, presented a range of land value models for estimating land prices in 2009. Get an estimate of your lands carbon potential in less than a minute The topography, or geographical makeup, of a piece of land can have a big impact on its value. The low price points are because they are far out in the west, where land and mountain communities tend to be more underdeveloped. At first glance, how to calculate price per acre (PPA) is a relatively simple equation. If you're facing a home inspection be sure you know what home inspectors are not allowed to do. So the value of land is harder to determine using comps. An agent like Hunt, for example, will have a direct referral for you, saving you time in your search for an appraiser you can trust. Today, an acre is standardized at 43,560 square feet of land. Another way to see it is just under 3 hockey rinks, 15.5 tennis courts, or 10 basketball courts. They adjusted the price in 1854 and sold roughly 2 million acres for an average of 12.5 cents each. The United States cropland value averaged $4,420 per acre, an increase of $320 per acre (7.8 percent) from the previous year. Using this data, you will now be able to assess a property's access and proximity to key energy and infrastructure resources, including: substations, wind turbines, oil & gas wells, power plants, ethanol plants, biodiesel plants, and soybeans plants. If you arranged 16 tennis courts in a rectangle, they would fill roughly 1 acre. However, it is important to note a clearcut will remove all standing timber on a tract of land, which, even in the case of a managed forest in the 26+ age class, will include both pulpwood and chip-n-saw logs. If youre having trouble visualizing an acre, picture an American football fieldits a little larger than an acre of land. 71 Allen County Avg AcreValue $7,594/ac. One of the best ways to visualize the size of a piece of property is to compare it to other fixtures so you can see how the two are alike. Follow this guide for the requirements and details. It automatically calculates price per acre and helps suggest offer prices. Disclaimer: Ownerlys mission is to help homeowners learn more about their homes, but Ownerly does not provide private investigator services or consumer reports, and is not a consumer reporting agency per the Fair Credit Reporting Act. You can pay anywhere from $1 an acre or less to $1,000,000 or more, depending on where you are in the world. So I tell them its about an acre. Also, different types of vacant land call for different types of appraisers. Access nationwide GIS plat map. Conversely, buyers looking for land for recreational purposes such as hunting and fishing might not need any utilities, except perhaps, a road to access the property, thus saving you money by not making unneeded improvements.
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