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Posted: 4/22/2021 10:35:02 AM EDT
All,

I've been looking to acquire a few acres in Warren County.  The wife unit and I want to build our forever home, and Mom wants to build a small place to be her retirement home.  She will be retiring in about 4 years.

Currently she's closer to Cincinnati and with my siblings North of town it's kind of a haul for Maw to see the grandbabies.  We don't have kids so we though being close to mom will help as she gets older.

We have been having a hell of a time finding something at a reasonable price South and Southwest of Lebanon.  Reasonable price is define as something between $8k and $12.5k per acre.

Anyone have any advice or ideas? We have already started looking on the county auditors website and sent a few letters to land owners inquiring about buying a few acres of a larger property.  The last response we did get wanted something in excess of $30k/acre.
Link Posted: 4/22/2021 11:44:18 AM EDT
You are not likely to find anything south of Lebanon for that price. That is the hot spot for developer's right now and they are paying around $50,000 per acre.
Link Posted: 4/23/2021 10:34:08 PM EDT
You can’t be serious. All the recent comps went between $8.4k and $12.5k. Nobody in their right mind is paying $50k an acre for disused farm land.
Link Posted: 4/26/2021 11:09:22 AM EDT
I can tell you my mother has a signed contract for $2.5M for about 50 acres and the neighbor has very similar, and it's not farm land it's timber that will need a lot of work to develop.
Link Posted: 4/26/2021 7:19:43 PM EDT
Look into Harlan Twp or Washington Twp.
Link Posted: 4/27/2021 2:19:11 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By crazyelece:
I can tell you my mother has a signed contract for $2.5M for about 50 acres and the neighbor has very similar, and it's not farm land it's timber that will need a lot of work to develop.
View Quote


The timber could pay for the land itself. Look up what an acre of walnut trees is worth.

If I were looking to buy land, I'd take an undercover lumber contractor with me
Link Posted: 4/27/2021 3:16:17 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By SGT-Fish:


The timber could pay for the land itself. Look up what an acre of walnut trees is worth.

If I were looking to buy land, I'd take an undercover lumber contractor with me
View Quote



Unfortunately it was about 80% ash, emphasis on was.

My uncle is a lumber broker, he said it's the worst he's seen anywhere.

Basically total decimation, it's not safe to be in there if there is more than a gentle breeze.

We are going to timber anything worth a damn before the sale, but it was just done about 15 years ago so there isn't a whole lot left.

But since the developer doesn't care, and they'll just clear cut it anyway, everything worth taking will get cut.

It's going to suck not having hunting grounds 5 minutes from home, but 2.5M buys a lot more hunting ground than that 50 acres.
Link Posted: 5/4/2021 8:52:49 PM EDT
Look in maineville. There is a farm that is selling parcels at sr 48 and schlottman rd.
Link Posted: 5/5/2021 9:12:18 AM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Alphabilly:
Look in maineville. There is a farm that is selling parcels at sr 48 and schlottman rd.
View Quote


Thanks @Alphabilly.
Link Posted: 5/20/2021 1:29:59 PM EDT
There's farm land on mounts rd in Maineville I think they're selling in 5 acre lots
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