United Country Davenport Realty, 107 King St / PO Box 120, Keysville, VA 23947 -- 888-333-3972 (434-736-0299)
SOUTH CENTRAL VIRGINIA LAND
Land is still a good investment
opportunity although the prices are gradually
escalating. When we came here 20 years ago,
land was
about $500 per acre. Now it’s
more like
$2,500 to $3,000 per acre.
Good 5- to 10-acre parcels carry price tags
of
$4,000 to $5,000 per acre. Of course, it's
somewhat more if the land has large trees or
a pond or a creek.
Taxes are low -- something like $600 per year
on a $100,000 property. The land here
makes a particularly good investment because
the taxes are so low (typically $5 to $10
per acre
per year). The taxes on 10 acres might be as
low as $50 per year. By the way, some owners will give
owner-finance.
Call Colonial Farm Credit
(800-777-8908 ext. 25) for a loan.