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Updated almost 3 years ago on . Most recent reply

Dan Sager's profile image
Dan Sager's profile image
Dan Sager
  • from Coatesville, Pennsylvania
  • Member since Feb 20, 2014
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Dan Sager's profile image
Dan Sager's profile image
Dan Sager
  • from Coatesville, Pennsylvania
  • Member since Feb 20, 2014
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Dan Sager
  • Coatesville, PA
3
Votes |
14
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Commercial Real Estate Investing

Land comparing pricing

Dan Sager
  • Coatesville, PA
Posted

Any recommendations on how to comp 10 acres? There has been no recent land sales in that area. Seller bought for 1.2 million in 2003. Wants 1.6 for it now. It is R1 zoned

Philadelphia, Pennsylvania
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Cason Acor's profile image
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Cason Acor
  • Real Estate Agent
  • from Salt Lake City, UT
  • Member since Oct 24, 2018
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Cason Acor's profile image
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Cason Acor
  • Real Estate Agent
  • from Salt Lake City, UT
  • Member since Oct 24, 2018
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Cason Acor
  • Real Estate Agent
  • Salt Lake City, UT
247
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247
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Cason Acor
  • Real Estate Agent
  • Salt Lake City, UT
Replied

I would call a couple appraisers in the area and ask their opinions. Otherwise it might just be worth what you're willing to pay for it. A $400k increase in 19 years doesn't sound unreasonable to me.

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