Out on the ranch photo thread

[UncleJoe]

I used to be so tickled with our 10 acres.

[NaeKid]

And here I am hunting high-n-low for a quarter-section to call home. Found one about 1.5hr drive away from work with house, work-shop a small barn for $500,000 ... thinking about it!

[bunkerbob]

I just gave my humble 5 acres a hug

[Von Helman]

Any size of land is what you make of it, and even with 5 or 10 acres you are still ahead of the vast majority of people in the world as they do not own even a half an acre.

I have seen some 5 acres parcels that the owners have producing more than some places that are 50 acres. Again it’s all in what you do with it and how you work it. Always be proud and thankful of what you have because there are always others who have much less.

Also land as you all know varies in price depending on so many factors. You can find some land for $500 dollars an acre while other land is much more costly.

I had a good friend and their family ranch just sold a couple of years ago and the ranch consisted of 3,300 acres and it sold for 35 million dollars bringing the cost to $10,600 an acre.

This ranch was well worth the price and Alice Walton an heir to the Walton fortune (As in Wal-Mart) purchased the ranch. When my friend’s family owned the ranch it was named Magic Valley and after Mrs. Walton purchased it she changed the name to the Rocking W Ranch

Here is a link to the ranch and there are 15 pictures you can scroll through.

Rural Land for Sale - Dallas Morning News

[Von Helman]

Originally Posted by bunkerbob

I just gave my humble 5 acres a hug

Bob,

Yesterday I visited your home page and looked at your nice house. I was very impressed with it and enjoyed seeing the things you have done, very cool place!

[bunkerbob]

Thank you very much. Hard work... that's all it takes. Keep at it one small detail at a time, never give up despite the circumstances good or bad, its always going to turn out for the good. No downers or whiners need apply here. Just as a note, the 5 acres cost $28,000 acre bare land here.

[Von Helman]

Originally Posted by bunkerbob

Thank you very much. Hard work... that's all it takes. Keep at it one small detail at a time, never give up despite the circumstances good or bad, its always going to turn out for the good. No downers or whiners need apply here. Just as a note, the 5 acres cost $28,000 acre bare land here.

I agree with you, hard work and keep it simple. Did I understand you correctly that one acre was selling for $28,000 PER acre there? Meaning you paid a total of $140,000 for your 5 acres?

I can see that price inside the city limits or for commercial property but for rural property, that’s very expensive.

I bought a 12 acre lot on a main road on the edge of the city limits that was zoned commercial. This was three years ago and I paid $35,000 for it. That comes out to almost $3,000 per acre. One of my friends who lives in another state and who is a real estate developer told me I got a steal of a deal on that land and of course I already knew that and later that same year sold the property and turned a nice profit.

[bunkerbob]

We bought the property about 3 years ago for $140,000, here in So. Calif., raw land no fencing, no well, no power, undeveloped. Built the house, had the well dug, put up fencing, trees, everything. We opted to stay off the grid instead of grid-tied power. The appraised value now is approximately $550,000 even with the downturn in real estate prices. This is my retirement home so it doesn't matter.

[Von Helman]

Originally Posted by bunkerbob

We bought the property about 3 years ago for $140,000, here in So. Calif., raw land no fencing, no well, no power, undeveloped. Built the house, had the well dug, put up fencing, trees, everything. We opted to stay off the grid instead of grid-tied power. The appraised value now is approximately $550,000 even with the downturn in real estate prices. This is my retirement home so it doesn't matter.

Wow that’s just amazing to me that raw land without any improvements cost that much there. You must really like California.

Is it in a subdivision type of place or can you explain its location and reason it cost that much money?

I am just curious is all

[bunkerbob]

We are about 30 min from town, rural, unimproved dirt road, have power poles on two sides, telephone if needed, we use our cell phones, no cable. Yes I like Calif., third generation, my dad and I were born at the same hospital in San Diego, about 22 years apart though. Weather is great here, have seasons at this location about 2200 ft, some snow, moderate rain. Can grow citrus, avocados, grapes, etc. No subdivision, most have 5 acre plots, custom homes to large manufactured homes. So Calif home prices are always very high, we sold our last home at the peak about 5 years ago.