Texas Hunting Forum

Question on buying adjacent property

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?
Posted By: nate33

Re: Question on buying adjacent property - 09/15/18 05:37 PM

#1 -- larger tracts normally sell for less per acre. #2--- how much anyone asks is irreverent,,, how much did it sell for is the real question.
Posted By: sbushee

Re: Question on buying adjacent property - 09/16/18 12:11 AM

Whatever the market will bear
Posted By: kshorthairs

Re: Question on buying adjacent property - 09/16/18 03:55 AM

Email me the county and I will run some comparisons to show you what the values are where you are talking about. As you know, it will give you an idea. I haven’t seen the ranch so I cannot value everything it potentially has. I can map it out for you and help you understand what you are working with. -Brandon
Posted By: TTH

Re: Question on buying adjacent property - 09/17/18 04:20 AM

Originally Posted By: kshorthairs
Email me the county and I will run some comparisons to show you what the values are where you are talking about. As you know, it will give you an idea. I haven’t seen the ranch so I cannot value everything it potentially has. I can map it out for you and help you understand what you are working with. -Brandon


Duval County
Posted By: Mr. T.

Re: Question on buying adjacent property - 09/17/18 12:11 PM

Originally Posted By: nate33
#1 -- larger tracts normally sell for less per acre. #2--- how much anyone asks is irreverent,,, how much did it sell for is the real question.

X2
Posted By: stxranchman

Re: Question on buying adjacent property - 09/17/18 03:00 PM

What kind of improvements on the adjacent piece? How old are the improvements? Water well or stock ponds? Road system? Is the habitat old growth or regrowth or been all root plowed?S Soil type the same or all rocky gravel? House? Barns? How long has it been managed? Blinds, feeders, equipment, etc go with the sale? Lot of questions I would ask before I decided if it was a good value or not.
Posted By: don k

Re: Question on buying adjacent property - 09/17/18 05:55 PM

Around here if you had say 100 acres with no improvements it would bring around 6000 per acre. If you had 200 acres just the same everything it would bring 5750 per acre. The larger it is the less per acre not counting improvements or location.
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