Friday, February 25, 2011

Land for Sale in Alabama

Is land a good investment and what are the key factors in determining market value?  As the economy remains volatile, many people are looking at land as a commodity and a hedge against their other investments.  I think land is a good investment because its value tends to be more stable and therefore predicable.  There are noted exceptions such as what we've seen in commercial property.  There are many questions that can be asked when looking at value, such as: 
  • What is the intended use? The more intensive the use, usually the higher the price, for example, land suited for a permanent residence will usually be worth more than a tract used for hunting.  
  • Are there any income streams that can be generated from the land? Timber, rental opportunities and hunting leases are good examples.
  • Location, Location, Location:  How close is the land to a major population area?  Usually the closer the land is to a major metropolitan area, the higher the value, more people = more demand.
  • Are there any unique features on the property? People are always looking for features, such as: streams (the bigger the better), ridge top views, caves, stocked lakes and/or ponds, game plots, etc.
Watch the video below and see how many items that affect value are mentioned.

Gurley Creek South, Alabama Land for Sale: This is a beautiful tract of land for sale in South Blount County and North Jefferson County

+ Minutes to Birmingham metro area
+ Several game plots
+ Predominately hardwoods
+ Great for recreation, such as hunting and ATV riding
+ Good internal roads/trails
+ Great for rural home site or cabin
+ Beautiful frontage on Gurley Creek, approximately 5,500 feet which is the northern boundary of the tract, the creek can be enjoyed from a scenic hilltop view or use the gentle sloping areas for direct access

It contains 277 acres and is priced at $796,088

I also have the adjoining tract for sale that can be purchasing separately or with this tract, both are shown in the video.