Posted By: TTH
Question on buying adjacent property - 09/15/18 05:28 PM
I have a question:
If I owned a 400 acre high fenced ranch in STX that was well managed with a great whitetail herd that had a sale value of lets say $1M and the adjacent property that shared a 1 mile fence and was also around 400 acres, high fenced, well managed, was also worth about $1M and went up for sale, If I were to purchase this neighboring property, What would the two combined properties be worth?
I would assume that the bigger combined piece of land would be worth more than both separate? Thoughts?
If I owned a 400 acre high fenced ranch in STX that was well managed with a great whitetail herd that had a sale value of lets say $1M and the adjacent property that shared a 1 mile fence and was also around 400 acres, high fenced, well managed, was also worth about $1M and went up for sale, If I were to purchase this neighboring property, What would the two combined properties be worth?
I would assume that the bigger combined piece of land would be worth more than both separate? Thoughts?