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Old 04-02-2015, 11:15 AM   #1
LillDragun
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Default Ranch property question

I was browsing around and found a listing on a property that is selling for $320k. Here's the thing It's 226 acres. Comes out to under $1500/acre. Can anybody explain why most properties near it are selling for almost 2 times that price?
I've always wanted to own land and I want to learn more about it before making any bad decisions.

Here's the link
http://texas.primeranchland.com/idx/...s-890-SD-58510
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Old 04-02-2015, 11:21 AM   #2
elliscountyhog
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Man not sure but hope something like this is around in the next 5 yrs
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Old 04-02-2015, 11:23 AM   #3
unclefish
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No electricity, no house/structures....do the other properties have those?
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Old 04-02-2015, 11:24 AM   #4
Grayson
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Lack of water probably has something or a lot to do with it. You should contact a realtor familiar with the area and see what they think.
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Old 04-02-2015, 11:24 AM   #5
290WEST
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maybe no minerals to convey if in an O&G area would make it cheaper?
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Old 04-02-2015, 11:26 AM   #6
klepdo
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It looks like a 226 acre lot in a larger ranch. I have seen lots of them 25-50 acre ones for sale for $30,000
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Old 04-02-2015, 11:27 AM   #7
LillDragun
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Quote:
Originally Posted by unclefish View Post
No electricity, no house/structures....do the other properties have those?
No house or structure is true, But other properties in the area/county also don't have houses. I saw one with an unfinished house that was $330k for only 120 acres I think. And one with about 100 acres for $230k or so.
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Old 04-02-2015, 11:28 AM   #8
hillcountryhunter
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Like others have said I would be curious to see what it would cost to add utilities. That cost may be a jaw dropper.
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Old 04-02-2015, 11:28 AM   #9
LillDragun
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Originally Posted by 290WEST View Post
maybe no minerals to convey if in an O&G area would make it cheaper?
I've been browsing ranch properties for a while, and I haven't seen minerals convey with land unless the property was in the millions of dollars. So I wouldn't imagine that has much to do with it.
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Old 04-02-2015, 11:29 AM   #10
LillDragun
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Quote:
Originally Posted by Grayson View Post
Lack of water probably has something or a lot to do with it. You should contact a realtor familiar with the area and see what they think.
That makes sense. I just got into realty, but I'm in Corpus. That's a good idea to contact a realtor in the area.
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Old 04-02-2015, 11:29 AM   #11
290WEST
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maybe because it has an HOA it looks like w no mobile homes allowed. most likely part of a big ranch that was subdivided. i think land is cheaper per acre for these larger ranches that get
subdivided as opposed to some acreage thats not and has no restrictions. not sure though, just a guess.
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Old 04-02-2015, 11:31 AM   #12
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Originally Posted by klepdo View Post
It looks like a 226 acre lot in a larger ranch. I have seen lots of them 25-50 acre ones for sale for $30,000
this^^
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Old 04-02-2015, 11:32 AM   #13
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Quote:
Originally Posted by LillDragun View Post
I've been browsing ranch properties for a while, and I haven't seen minerals convey with land unless the property was in the millions of dollars. So I wouldn't imagine that has much to do with it.
yeah, not a historically producing area either
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Old 04-02-2015, 11:39 AM   #14
LillDragun
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Quote:
Originally Posted by 290WEST View Post
maybe because it has an HOA it looks like w no mobile homes allowed. most likely part of a big ranch that was subdivided. i think land is cheaper per acre for these larger ranches that get
subdivided as opposed to some acreage thats not and has no restrictions. not sure though, just a guess.
Okay, I saw that and wasn't sure if I understood that correctly. I didn't know people did that.
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Old 04-02-2015, 03:52 PM   #15
Throwin Darts
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I'm going to guess its because of the utilities not being on the property. It would probably cost a small fortune to get it there and the price takes that into account.
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Old 04-02-2015, 03:59 PM   #16
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The owner may be looking to move the property quick too (ie.. divorce or other financial problems)

The higher priced ones maybe looking for buyers who like their property more than they do.
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Old 04-02-2015, 04:00 PM   #17
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I sure would love to afford property one day!!!
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Old 04-02-2015, 07:26 PM   #18
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Quote:
Originally Posted by LillDragun View Post
I was browsing around and found a listing on a property that is selling for $320k. Here's the thing It's 226 acres. Comes out to under $1500/acre. Can anybody explain why most properties near it are selling for almost 2 times that price?
I've always wanted to own land and I want to learn more about it before making any bad decisions.

Here's the link
http://texas.primeranchland.com/idx/...s-890-SD-58510
Property in that area is always in this price range. Far away and not good for much else. You have to look at it to really know what's up.
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Old 04-02-2015, 07:46 PM   #19
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The other landowners may not really care if they sell or not and have priced accordingly. If somebody is crazy enough to pay what they are asking then they would sell it. I have seen this scenario happen before, because it doesn't cost them anything to list it.
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Old 04-02-2015, 08:31 PM   #20
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As has been said one would need to check on getting electricity ran, cost of a water well etc.
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Old 04-02-2015, 08:33 PM   #21
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Some folks need the money fast and price it to sell. Water/electricity play big part too.
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Old 04-02-2015, 09:41 PM   #22
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I know it was going to cost $38k to have electric ran to my dads place in del rio!!!!! He ended up with a solar/wind setup for under $12k
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Old 04-03-2015, 12:01 PM   #23
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Originally Posted by fishingsetx View Post
I know it was going to cost $38k to have electric ran to my dads place in del rio!!!!! He ended up with a solar/wind setup for under $12k
WOW!! I knew it could be costly, I didn't know it could cost that high! I would go solar and wind all the way! If you have enough property, why not construct a little wind/solar farm.
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Old 04-03-2015, 12:07 PM   #24
fishingsetx
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Originally Posted by LillDragun View Post
WOW!! I knew it could be costly, I didn't know it could cost that high! I would go solar and wind all the way! If you have enough property, why not construct a little wind/solar farm.
His place was 8 miles from the nearest power line. They require you to buy the poles, wire, etc. Then once its all installed, you have to sign it all over to them including easements! That was over 10 years ago. With the price of wire, I would imagine the cost would be double that now!

As for the wind/solar farm, it would be VERY cost prohibitive!!!!! Even with a $12k system, he didn't have AC and had to fire up his generator to wash clothes or run his well. He had 2 500 gallon storage tanks on a hill above his house and used gravity to provide water pressure. The solar/wind charged a battery bank and an inverter was used to convert 12v to 110v for lights, TV, etc.

Last edited by fishingsetx; 04-03-2015 at 12:13 PM.
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Old 04-03-2015, 01:09 PM   #25
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Another thing is cost of a well if you have the water for it. A buddy of mine is a little NE of there & it cost 15,000.00+ for a well.
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Old 04-03-2015, 01:12 PM   #26
Chance Love
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A good Realtor can help with all of your questions. There is no reason not to hire one.
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Old 04-03-2015, 01:20 PM   #27
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Quote:
Originally Posted by LillDragun View Post
WOW!! I knew it could be costly, I didn't know it could cost that high! I would go solar and wind all the way! If you have enough property, why not construct a little wind/solar farm.
It can get expensive quick. We looked into it once on some property we were leasing. We figured if the power company would put stuff in for an affordable amount we'd get power since we had signed a 5 years lease a few weeks before. Quote came out to 32k.. Nevermind, sorry for asking.
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Old 04-03-2015, 01:21 PM   #28
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Originally Posted by DUKFVR View Post
Another thing is cost of a well if you have the water for it. A buddy of mine is a little NE of there & it cost 15,000.00+ for a well.
Then, add a septic system to that. You're looking at 6k there.
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Old 04-03-2015, 01:47 PM   #29
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We looked at getting power to our deer camp. From what I remember it was a dollar a foot. Basically 400 bucks for each pole.
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Old 04-03-2015, 01:49 PM   #30
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Quote:
Originally Posted by Chance Love View Post
A good Realtor can help with all of your questions. There is no reason not to hire one.
This ALL the Way!!
And Chance is a Great realtor!
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Old 04-03-2015, 02:10 PM   #31
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Then, add a septic system to that. You're looking at 6k there.

I doubt 15k for a well and 6k for a septic is even in the ballpark in that Rocky ground!! Might be double that or more on the well.
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Old 04-03-2015, 02:11 PM   #32
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Quote:
Originally Posted by Smithwr View Post
We looked at getting power to our deer camp. From what I remember it was a dollar a foot. Basically 400 bucks for each pole.
I bet Rocksprings will be a lot closer to $7-8 per foot....that what it is about 35 miles west of there.
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Old 04-03-2015, 02:48 PM   #33
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great realtor for the area - call Wayne Lewis 830-719-1425, he'll answer any questions you have.
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Old 04-03-2015, 08:04 PM   #34
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That is a normal price per acre for Edwards county.

Nothing out of the ordinary for that listing
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Old 04-03-2015, 09:20 PM   #35
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Quote:
Originally Posted by DUKFVR View Post
Another thing is cost of a well if you have the water for it. A buddy of mine is a little NE of there & it cost 15,000.00+ for a well.
$15k for a well equates to about $65/acre on that ranch

It depends on several factors with water table depth being most important
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