Reply #6: Really? Wow!

[Xithras]

I didn't know Murphys was so expensive. The properties current owner offered me the entire 3.5 acres for just over $200k, but I wasn't sure because I didn't know the area and because the property is entirely unimproved (it has road access, but no power or phone and there is no developed homesite). If the values are going up that much I should probably buy it for its investment value alone, even if I never want to move onto it myself!

For comparison, by the way, I sold my Columbia property in 1996...12 acres just up the road from Columbia College with a 1940's 900SF 2BR cabin, for $68,000 and it sat on the market for MONTHS. I'm shocked that foothill land prices have climbed that much!

Thanks!