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A Farm of My Own:  5 Acres  |
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kentuckywoman
True Blue Farmgirl
63 Posts
Majal
Ashland
KY
USA
63 Posts |
 Posted - Feb 02 2010 : 5:15:41 PM
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Hi! As I plan and daydream about my future farm, I wonder how much it will cost. I have decided that 5 acres should be plenty for me and what I am wanting to do. For some reason, I thought that I could get that in eastern KY for about $1000/acre. Is that way too low? Someone told me today they thought land was at least $5,000 per acre.
It's a fairly rural area in Northeastern KY. I tried to look online for land prices but haven't come up with much.
Thanks! |
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Miss Bee Haven
True Blue Farmgirl
4331 Posts
Janice
Louisville/Irvington
Kentucky
USA
4331 Posts |
Posted - Feb 03 2010 : 08:59:15 AM
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It seems high to me, Majal. We have land in Breckinrige County here in KY and the last time we bought a parcel, it was three and a half acres and we did have to pay $4,000 and acre, but it has a really nice tobacco barn and was attached to water rights on our other property and was in the middle of our other land(in other words, he had us where he wanted us). Have you looked for land company websites? We bought ours from the Kentucky Land Company. I would think that just land with no improvements would be a lot less.
Farmgirl Sister #50
"If you think you've got it nailed down, then what's all that around it?"
'Br.Dave Gardner' |
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mscountrygirl
True Blue Farmgirl
552 Posts
Michelle
Lucedale
Mississippi
USA
552 Posts |
Posted - Feb 03 2010 : 09:14:07 AM
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Majal, my hobby is looking at property! I found a 3 bed, one bath, 61 yr old farmhouse on 9 acres in West liberty for $94,900. It's been on the market for 159 days. The carpet is a real strange shade of blue, a possible nego. point!
Michelle
It's all good! |
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pamcook
True Blue Farmgirl
228 Posts
Pam
Chapel Hill
NC
USA
228 Posts |
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mscountrygirl
True Blue Farmgirl
552 Posts
Michelle
Lucedale
Mississippi
USA
552 Posts |
Posted - Feb 03 2010 : 09:30:24 AM
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the mls# is 18224. go to realtor.com and you can find it. In Saltlick there are 12.7 acres for $7,000, Grayson has 22 acres for $19,9K East Point has 17 acres $25K, in Blaine 30 acres $30K. These have no houses, just property. Let me know!!!
Michelle
It's all good! |
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kentuckywoman
True Blue Farmgirl
63 Posts
Majal
Ashland
KY
USA
63 Posts |
Posted - Feb 04 2010 : 05:25:18 AM
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Thank you all for your thoughts on the matter and the searching!
I am going to check these out on my lunch break today. Can't wait! |
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kristin sherrill
True Blue Farmgirl
11303 Posts
kristin
chickamauga
ga
USA
11303 Posts |
Posted - Feb 04 2010 : 05:48:30 AM
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Wow. Around here acreage goes for at least $10,000. an acre. And out here where I live you can't sell just 1 acre. It has to be 5 or more. A few years ago the 40+ acres next to us was sold to a doctor I think. I can't even imagine what they paid for it. Just about 8 cleared acres. And a pond. The rest mountain and woods. They have built a barn. That's it.
But what is also hurting us here is the property taxes. We have 3 acres and when we first bought it our taxes were about $450. Now this last bill was $930. We have been here 5 1/2 years.
I wish you luck in finding a place. Sounds like we might need to move to Kentucky.
Kris
Happiness is simple. |
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kentuckywoman
True Blue Farmgirl
63 Posts
Majal
Ashland
KY
USA
63 Posts |
Posted - Feb 04 2010 : 05:56:38 AM
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| $10,000 an acre! Oh my goodness. I cannot even imagine! Things seem to be very affordable compared to city prices. You can eat at a great little local diner for under $5. You can find a very nice home for under $100,000. I have seen a lot of great homes for under $50,000 here! But also, wages are much lower in the area. |
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mscountrygirl
True Blue Farmgirl
552 Posts
Michelle
Lucedale
Mississippi
USA
552 Posts |
Posted - Feb 04 2010 : 07:59:01 AM
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In MS our property taxes are almost $1000 a year on 2 acres and our house. I was impressed with the prices in KY as well. I am hoping to get a job here in the near future but once I get the experience I need I can go anywhere. My hubby and I have really been looking at south east OH. Good luch Majal. Let me know how it works out or if you need more help.
Michelle
It's all good! |
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kentuckywoman
True Blue Farmgirl
63 Posts
Majal
Ashland
KY
USA
63 Posts |
Posted - Feb 04 2010 : 08:06:41 AM
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mscountrygirl-
I work in SE Ohio! In Portsmouth. It is SUCH a neat little town! They are currently revitalizing a historic arts and shopping district down on the river called Boneyfiddle. It is adorable! And right across the river in KY (where I want to find a place) is both Greenup and Lewis counties, which are rural farming communities but with towns and cities nearby. So, come to Kentucky! :) |
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A Farm of My Own: 5 Acres |
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5 Acres
