NESTER FARM SELLS FOR $1 MILLION? - Calhoun Land Prices Going Up, Up, Up

(11/15/2005)

By Bob Weaver Calhoun County land, compared to what price it had been selling, is going high and that's just wooded land that has already been timbered. Over the weekend, the Holly Nester estate farm, reportedly went for about $1 million dollars at auction, about 210 acres. Reports said the flat, hill-top land went for high dollar, nearly $5000, but it is likely the wooded hillside land went for less than $1000. The actual figure was not available, without being at the auction. There were several different buyers responding to the auction guidelines, and several purchased smaller tracts. The farm is adjacent Calhoun-Middle High School along Rt. 16 south of Grantsville, and the beautiful Mt. Zion Ridge. Most Calhoun land is now selling for not less than $1,000 an acre. A check with deeds filed at the Calhoun Clerk's office indicates that land is moving well, with most purchasers being from out-of-state. The taxes on the land, besides a recent increase, are still very low. Still, most land is owned by local owners, and little of it is actually being placed on the market, at least in large chunks. Calhoun once had some of the cheapest land in the eastern USA, and in effect, that could still be so, but the prices are no longer stagnant. They have taken a jump during the past two years.

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