First and foremost, there are NO real comparables for this 90-acre parcel. You’d have to be looking at a large plot of land that has the following to compare it as an appraiser would:
- has 2,000 feet of finished road extended into the property – current cost in 2021 dollars for a finished road is $400 per foot
- has electric extended 2,000 feet into the lot – check with NHEC to see the cost of extending electric. It will take your breath away.
- unspoiled views forever – NO windmills as view land abutting my land is conservation land
- no blasting – test pit dug reveals sand down 12 feet at primary house site
- the waterfalls – no other land in NH has the three huge falls and numerous small ones this land has
- three miles on a hot-top road from an I-93 exit
- extreme privacy – your dream home is not visible from the main road
The following is a list of current listings and sales of raw land in the area. My asking price of $8,277 per acre is very reasonable.
A comprehensive scan of the New Hampshire MLS in September of 2020 shows most parcels of land that would be somewhat comparable are priced higher than $10,000 per acre.
It’s important to realize my land already has significant improvements (road and electric) that other raw land probably doesn’t have. These costs can be quite shocking once you get bids.
SOLD Property:
19 Pinnacle Hill Road – New Hampton – MLS#: 4827320 Raw Land – SOLD December 11, 2020 15.7 acres $95,000 $6,050 per acre
19C Pinnacle Hill Road – New Hampton – MLS# 4824692 Raw Land – SOLD December 11, 2020 19.9 acres $104,000 $5,226 per acre
MLS # 4817631 Lot 7 Old Bristol Road – within 200 feet of my driveway – Raw Land – SOLD October 1, 2020 6 acres $105,000 $17,500 per acre
00 Batchelder Hill Road – Meredith, NH Raw Land – SOLD August – 2020 9.3 acres $125,000 – $13,440 per acre
1 Batchelder Hill Road – Meredith, NH Raw Land – SOLD August – 2020 8.5 acres $115,000 – $13,529 per acre
FOR SALE:
01 Roxbury Road – Meredith 10.56 acres $129,000 or $12,215 per acre Chris Kelly – Broker
NO ROADWAY
NO UTILITIES EXTENDED
SURROUNDED BY OTHER HOUSES
Lot #4 on shared driveway of my 90 acres – New Hampton – 13 acres – $145,000 or $11,153 per acre
NO WATER FEATURES
NO VIEW – TREES ON MY LAND BLOCK VIEW to Mt. Cardigan
NO CLEARED MEADOWS
LITTLE MATURE STANDING TIMBER
$40,000+ TO CLEAR DRIVE AND EXTEND UTILITIES INTO SITE
19 Pinnacle Hill Road – New Hampton 15.7 acres – $117,000 or $7,452 per acre
NO WATER FEATURES
NO ROAD IMPROVEMENTS
NO UTILITIES EXTENDED INTO THE SITE
R29/ 2/A BATCHELDER HILL ROAD – Meredith, NH 27.6 acres – $269,900 or $9,778 per acre
NO WATER FEATURES
NO ROAD INTO LAND
NO UTILITIES EXTENDED INTO BUILDING SITE
POSSIBLE LEDGE CLOSE TO SURFACE – EXPENSIVE BLASTING!
PENDING:
92 Acres – Bartlett, NH $625,000 – CLICK or TAP HERE for details
NO WATERFALLS
NO ELECTRICITY EXTENDED INTO PROPERTY – AT ROAD
POSSIBLE MAJOR EXPENSE TO IMPROVE ACCESS DRIVEWAY
LONG DRIVE TO MHT AND POINTS SOUTH
SOLD Property:
MLS # 4817631 Lot 7 Old Bristol Road – within 200 feet of my driveway – Raw Land – SOLD October 1, 2020 6 acres $105,000 $17,500 per acre
00 Batchelder Hill Road – Meredith, NH Raw Land – SOLD August – 2020 9.3 acres $125,000 – $13,440 per acre
1 Batchelder Hill Road – Meredith, NH Raw Land – SOLD August – 2020 8.5 acres $115,000 – $13,529 per acre