72 Acres sold in early March 2021. This was a nice row crop acreage with 63 tillable acres according to FSA. Some of the tillable ground was creek bottom for outstanding productivity. Location was a key factor as well given the close proximity to Jamesport at the corner of Blacktop K and Lilac Avenue. There was a clear opportunity for building sites on the blacktop and gravel frontage as well. In addition there was good habitat for wildlife along a small stream running through the property with tree lined banks.
The listed price was $385,000 and it sold at near the offered price. You can see the University of Missouri Extension Service survey of Missouri Land Values at this link Missouri Land Values
The real estate market is continuing to benefit from low interest rates and many properties sell for the listed price or more. Let us know if you would like us to give you our opinion of value on any parcel you may be considering putting up for sale. We have a team of professionals that can answer any questions you may have about the process.