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Property Value

How do I determine the price per acre for 544 Conard Rd Cosby Tn.  It is 54 acres of undeveloped property?
  • December 04 2013 - Cosby
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Answers (4)

Jennifer,
It is probably best to ask a local Realtor, maybe one that has a sign up somewhere on a piece of land. You could also do a little investigation yourself. You can look at a commercial website called Loopnet and there you will find vacant land listings. In our area, people have access to the MLS on different websites or even on agent websites, you could look there to get a rough idea. Remember to check the zoning and use with the local City or County website, that can drastically affect the value of the property. So when looking at comparable properties, make sure the zoning and use is comparable also. Then I would look at what the land is selling for on an acre or per square foot basis. If you need any help, [Content removed by Zillow Moderator. Please see ourGood Neighbor Policy]
Have a great week!
Sincerely,
David Poulsen
  • December 04 2013
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Thank you for the advice.
  • December 04 2013
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Vacant land can range drastically depending on who owns adjoining properties or current economy. My advice would be to contact a local real estate professional for a CMA or a licensed appraiser from the area. Hope this helps.
  • December 04 2013
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Acreage is not easy, and you won't find any answers here on Zillow, which does not deal with vacant land. I would talk to a local Realtor who specializes in land. Good luck.
  • December 04 2013
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