How much does it cost?

[polly.karim6]

Hello,

I wish to purchase a piece of land some where in Tulsa. Can someone guide me on the cost and procedures? I know no one can be me a fixed cost, but even ideas of rates in different areas would help me a lot.

Thanks

[Michael71]

Residential? Commercial? Farm land? Place to go hunting?

Great coal mines around 21st & Yale area if you want mineral rights

[cannon_fodder]

Rural land in Oklahoma ranges from $1,500 an acre in the middle of nowhere (panhandle) to $6,000 or more per acre for land closer to civilization.  That price is exclusive of mineral rights, which vary wildly.   Also assuming the land is not incorporated and unimproved (no utilities but-for power access).

Much land is "scrub" land that can not be economically farmed nor even grazed.  Ignoring location (with areas close to Tulsa and Oklahoma City being drastically more expensive) and still excluding mineral rights, land is most expensive for:  Farming, Timber, Grazing, Hunting, and then scrub land not good for much.  It also matter if it is a riparian parcel, if there is a pond, if someone is exploiting the mineral rights (reduces surface value), and of course the general aesthetics of the land.  It can vary greatly.

Go Google Oklahoma Land for sale (or similar and get a feel for what is out there). BUT in general if you want a "typical" 100 acres spread well outside of town it will cost around $1500 an acre.

IN an incorporated area prices also vary greatly.  From $55,000 an acre for an area that is bare but ripe for a subdivision, to $100,000+ an acre for a developed lot in midtown, or just $10,000 for a lot in East Tulsa or Sand Springs.  Of course exclusive of improvements and mineral rights (which may or may not be exploitable anyway).

Sorry to be so sketchy, but you are correct in assuming the answer can vary wildly.  Though, no matter what you are looking at, it can be summed up in the greater scope of things as cheap.

[cannon_fodder]

Im sure you can find some for much less, but in general, $1500 an acre is about what you will find land listed for.  Most land of any size (30+ acres) has SOME character to it and gains some value.  Go google it and let me know if I'm wrong, but that is what I usually see and I kinda-sorta pay a little attention.

[Gaspar]

quote:Originally posted by polly.karim6

Hello,

I wish to purchase a piece of land some where in Tulsa. Can someone guide me on the cost and procedures? I know no one can be me a fixed cost, but even ideas of rates in different areas would help me a lot.

Thanks

Land is about 99% of the time an excellent long term investment.  Find a spot where you see the development momentum heading and then follow the main roads until you start to see acreage for sale.  Call the real-estate brokers on the signs and don't get discouraged if they guide you to another property.  Many of the pieces of land that have "for sale" signs on them are not actually for sale, or may be under development already.  The signs are left as a means of fishing.  You are the fish.

The Realestate agent will guide you to a property appropriate to your needs.  It's their job.  It's in their best interest that you find exactly what you need and can afford so that the deal closes and produces a positive outcome for you, and commission for them.

Have you considered purchasing and rehabbing a property within the city?  

[ARGUS]

Realtor here. PM me if curious. I would be happy to perform a search for you.

[polly.karim6]

Thanks so much for your numerious replies!
I want a piece of land for residence to answer you question.

[sauerkraut]

If you can get something at $1,000 an acre that's cheap.[]