deezler
Elite Member
- Joined
- Jan 30, 2012
- Messages
- 3,470
- Location
- Southeast MI
- Tractor
- Cub Cadet 7305, Kioti CK3510seh TLB
Luck and persistence is how I snagged my chunk of land. I had always wanted to secure a parcel in the Ann Arbor area (near all our friends and family, and my work) but prices were crazy, and availability was slim. Plus I am kinda picky - wanted lots of trees, needed some elevation change (I hate flat land) and a water feature would be icing on the cake. I also can't stand dirt roads, where most rural properties obviously reside.
On some random dinners to a friends house, I noticed a for sale sign on a piece of wooded frontage, in an otherwise pretty developed area. But on the internet, I couldn't find any listing for it. odd. Turns out it was only listed commercially; "development opportunity: great opportunity to build a senior center or townhouses, etc". 19 acres for $750,000. Uh, ok, never mind.
Well a year goes by, and the for-sale sign comes down. I didn't think much of it. But then a new realty for-sale sign goes up, and now it's got an MLS number. Same parcel, 19 acres now listed for $250,000. I become tempted, but frankly I can't afford anything near that price. My wife and I park in the crude driveway and trudge through the brush to check it out. Hills, nice trees, and a creek running through the back! Lovely. Back at the car a neighbor has left a nice note on the windshield "THIS IS PRIVATE PROPERTY, YOUR CAR WILL BE TOWED". I contemplate a lowball offer, but then eventually the sale sign says "pending". Darn, guess I missed it.
A few more months go by, and the property is re-listed again, for $160,000 - the prior sale fell apart. Now we're talking. I still can't afford that much, I don't need 19 acres of space, and my wife is nervous about taking a financial risk. But we consult with friends and family, get a little safety net in place, and decide to offer... $90,000. The property is bank owned, after foreclosing on a bankrupt developer. They don't want to own it another day. They counter offer my 90k with 100k, which is quite reasonable around here for 19 acres. But we get good advice and just re-offer 90k. Accepted!
Started by buying a tractor, and hacking in some trails. It was rough going at first; all invasive bushes and vines choking the trees out. And I had no idea what I was doing, haha. Once some trails were in, I hired a surveyor to plot out splitting the property up. We sold 2.9 acres to friends who might build some day, and 6 acres to other friends who did build a few years ago, right after we did on our final 10 acre chunk.
There are subdivisions and apartment complexes all around our area, but somehow my square-mile block of land was mostly left alone from developers (pressure continues to rise). I feel so amazingly fortunate to pull in my driveway every afternoon after work, back to my sanctuary of trees. Another friend bought 10.6 acres directly south of us. I helped convince the county to protect the 50 acres behind us as a nature preserve (had previously been approved as a 100-unit sub... yuck). The land right behind my house to the north is a steep hill down to wetland - probably not easy to develop. Basically sitting in a 100+ acres of nature in a super urban spot. Beautiful woods, but you still hear a lot of sirens, motorcycles and subwoofers LOL.
On some random dinners to a friends house, I noticed a for sale sign on a piece of wooded frontage, in an otherwise pretty developed area. But on the internet, I couldn't find any listing for it. odd. Turns out it was only listed commercially; "development opportunity: great opportunity to build a senior center or townhouses, etc". 19 acres for $750,000. Uh, ok, never mind.
Well a year goes by, and the for-sale sign comes down. I didn't think much of it. But then a new realty for-sale sign goes up, and now it's got an MLS number. Same parcel, 19 acres now listed for $250,000. I become tempted, but frankly I can't afford anything near that price. My wife and I park in the crude driveway and trudge through the brush to check it out. Hills, nice trees, and a creek running through the back! Lovely. Back at the car a neighbor has left a nice note on the windshield "THIS IS PRIVATE PROPERTY, YOUR CAR WILL BE TOWED". I contemplate a lowball offer, but then eventually the sale sign says "pending". Darn, guess I missed it.
A few more months go by, and the property is re-listed again, for $160,000 - the prior sale fell apart. Now we're talking. I still can't afford that much, I don't need 19 acres of space, and my wife is nervous about taking a financial risk. But we consult with friends and family, get a little safety net in place, and decide to offer... $90,000. The property is bank owned, after foreclosing on a bankrupt developer. They don't want to own it another day. They counter offer my 90k with 100k, which is quite reasonable around here for 19 acres. But we get good advice and just re-offer 90k. Accepted!
Started by buying a tractor, and hacking in some trails. It was rough going at first; all invasive bushes and vines choking the trees out. And I had no idea what I was doing, haha. Once some trails were in, I hired a surveyor to plot out splitting the property up. We sold 2.9 acres to friends who might build some day, and 6 acres to other friends who did build a few years ago, right after we did on our final 10 acre chunk.
There are subdivisions and apartment complexes all around our area, but somehow my square-mile block of land was mostly left alone from developers (pressure continues to rise). I feel so amazingly fortunate to pull in my driveway every afternoon after work, back to my sanctuary of trees. Another friend bought 10.6 acres directly south of us. I helped convince the county to protect the 50 acres behind us as a nature preserve (had previously been approved as a 100-unit sub... yuck). The land right behind my house to the north is a steep hill down to wetland - probably not easy to develop. Basically sitting in a 100+ acres of nature in a super urban spot. Beautiful woods, but you still hear a lot of sirens, motorcycles and subwoofers LOL.