How much land, and where?
One acre. By a lake. But I still feel it’s ridiculous. I hate the idea of what’s market value. To me it’s what is decent as a human being.
Somebody you know is selling an acre of land on a lake, not a shed. This land is probably worth that much with no improvements at all
I haven’t seen anyone say this, so in case anyone doesn’t know. If the land is worth 200K and has no dwelling, it’s much harder to finance that. You either need a builder/developer loan with plans to build within a specific timeframe. Or, you need some other means to finance.
A bank won’t give you a mortgage for land. Land, while having an intrinsic value is worthless to a bank. But land with a shed in which you can poop is worth something. No idea why, but that’s at least one perspective.
Most often the case, depending on location/us state whatever system installed for pooping in that shed is a health code liability and therefore a financial burden.