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Few people are aware that real estate in Mentor is worth several times as much as in Painesville. The demand, by prominent Cleveland people, for residence property along the C. P. & E. railway is what has put prices up on Mentor real estate, and now $1,000 an acre is considered cheap in many instances.
These huge, abandoned historic homes date back to at least 1850 and are priced as low as $1,000. Visit Business Insider's homepage for more stories . Fixer-uppers are all the rage right now.
Quaker Oats bought 19.11 acres (7.73 ha) of land in the Yukon Territory of Canada for the price of US$1000 and printed up 21 million deeds for one square inch (6.5 cm 2) of land. On advice of counsel, Quaker Oats set up and transferred the land to the Great Klondike Big Inch Land Company to make the company the registered owner and manager of ...
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.
426 Mcgowan St. was acquired by the Summit County Land Bank from owner Gary Thomas. The land bank helped some tenants buy property the government wrested from Thomas, at a steeply discounted price.
This raises the land value, which increases the property tax that must be paid on agricultural land, but does not increase the amount of revenue per land area available to the owner. This, along with a higher sale price, increases the incentive to rent or sell agricultural land to developers. On the other hand, a property owner who develops a ...