Profile picture for pewful

How much is 218 acres of mostly woods in New Sweden, Maine worth? It is on Station Road.

  • February 03 2011 - New Sweden
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Answers (3)

Profile picture for the_country_hick
This is an old question. One thing to consider on the value of a woodlot is the closing of all the nearby mills. With diesel being so expensive and trucks not going very far on a gallon it reduces the value of the timber the further away a mill is. Being in the middle of nowhere with nothing around for a long distance also cuts down on value. Privacy is great but the location cuts down on desirability.
  • January 10 2012
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If it has marketable timber on it i would have a timber cruise done to get a better value than a traditional "fair market value" from past sales on bare land. Many land sales don't configure timber value.
  • January 10 2012
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Wow! That's quite a question. So many variables it's hard to say. I did a quick look at what is available and the prices are all over the place. Jemtland road has a 20 acre parcel offered at 43,850. thats about 2k pr acre. Omadawaska road sold a 94 acre tract for 40k. thats about $425.00 per acre and Sweden road currently has a 96 acre parcel for sale for $70k and that is about $730.00 per acre. So we can't do an average. Then you have to calculate whether there is value in the timber. When was the last time it was farmed. If it's been a long time since the property was valued for it's timber I would suggest you have that done. That could be more than the land is worth.  How is the land held? can it be subdivided? How much road frontage? Is it mostly dry? what is the terrain?  Can I ask you what you think it's worth? I can put you in touch with someone who deals with large parcels of land in the territories if you like. Let me know, good luck,
 Bob Tripp
  • February 04 2011
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