Another big parcel for sale

[hemlock]

Originally Posted by granitebox

The valuation is:

$20,000,000/4515 feet frontage = $4430/frontage foot
or
$20,000,000/95.38 acres = $209,687/acre

Both of which seem fairly reasonable given other sales in the area and probably which will drive also drive a quick sale.

From the towns perspective - I'm betting they are happy to get this parcel back on the tax rolls in any form or fashion - can anyone calculate the property tax on just the land forget improvements for now.

In 1965 my grandfather chose island waterfront as he could afford the 35 dollars a shore frontage foot for a 1/2 acre lot. Mainland lots were 110 dollars a shore front foot for a similar sized lot. The real difference is that he was a semi retired school district janitor who was a careful saver. I dont think we will ever see that again careful saver or not.