August 22nd, 2007
Example: In June, 2007 a property sold for $2.1 Million. The estimated market value of the building site and improvements is $700,000. The market value of the plantable acres is estimated to be $1.4 Million or $37,000 per acre. The sum of the building site, improvements, and plantable acres equals the sales price of $2.1 million. Note: The value per acre will vary depending on the value assigned to the building site and improvements.
Please call 707-815-8749 with questions regarding the above. The Stornetta Team can assist you in your search for Sonoma real estate or Napa real estate.
