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Started By
Message
Buying wetlands in St John Bapt parish
Posted on 4/25/21 at 12:47 am
Posted on 4/25/21 at 12:47 am
Does anyone know how much per acre wetlands in St John the Baptist parish would cost? Area is between Airline and I-10 east of 641.
Posted on 4/25/21 at 1:12 am to Sal Minio
Cypress swamp or hardwoods?
Posted on 4/25/21 at 8:09 am to Sal Minio
divide the sale price by the acreage? Lol
Posted on 4/25/21 at 8:56 am to Sal Minio
Call a realtor from the area. They can hook you up with comps
Posted on 4/25/21 at 6:08 pm to lsufan112001
quote:
Cypress swamp or hardwoods?
Both.
Posted on 4/25/21 at 7:24 pm to Sal Minio
Just curious, but what’s the point in owning them?
Posted on 4/25/21 at 9:09 pm to LSUneaux
I just inherited a very small percentage of 150 acres and there are 25 other relatives and we each have very small percentages. I can't find what percentage my father had that was left to me so I am going to try to estimate the total value if I can find any comparable land in the area.
This post was edited on 4/25/21 at 9:11 pm
Posted on 4/26/21 at 12:45 am to Sal Minio
It doesn't work on mobile very well, but check RIBITS
You need to know what type of wetlands you have and how much, and what ratio you would have to mitigate at, you could be buying multiple acres of credits for each acre impacted. Look up a national wetlands inventory map and see what the classification is. More than likely it will cost more to covert it to uplands than the property is worth, so unless you want to keep it wetlands or it's valuable commercial property, it's not going to be worth converting and not very valuable.
You need to know what type of wetlands you have and how much, and what ratio you would have to mitigate at, you could be buying multiple acres of credits for each acre impacted. Look up a national wetlands inventory map and see what the classification is. More than likely it will cost more to covert it to uplands than the property is worth, so unless you want to keep it wetlands or it's valuable commercial property, it's not going to be worth converting and not very valuable.
This post was edited on 4/26/21 at 7:43 am
Posted on 4/27/21 at 8:04 pm to Sal Minio
Not much. Is it close to the planned levee?
Posted on 4/28/21 at 8:06 am to jfw3535
quote:
$1,000/acre.
How did you determine this amount?
Posted on 4/28/21 at 10:27 am to Sal Minio
Prior experience. But that's the low end. It could be more. Depends on where it's located and how desirable it is for mitigation banking. Not much use or value in it beyond that.
Posted on 4/28/21 at 11:30 am to Sal Minio
I went through this recently in just about the exact same location. In my experience, the land is worthless.
Laplace was supposed to be the next big thing in the late 70s. When I started the research on the property and surrounding parcels, I knew a dozens of owners. It was like a developer went to the local CYO and pitched this “great opportunity.” You can go on the St John assessors website and get the details; the site is remarkably good. If you go on Google maps, the area north of I10 has two shades of green. The light green is privately owned subdivisions that never were. The Assessors page has the same boundaries and you can see where the streets were planned. Nothing is going to happen to that property. Interestingly enough, people don’t sell propably for the same reason we don’t. The property tax is less than a cheap cup of coffee on each parcel. Maybe they will find Lithium or something buried underneath
Eta: A quick research for the area shows two large tracts on the west side of the parish are owned by Gramercy Holdings to the south and Wildlife and Fisheries to the north. If you have one of the few parcels fronting Airline you may have a something.
Laplace was supposed to be the next big thing in the late 70s. When I started the research on the property and surrounding parcels, I knew a dozens of owners. It was like a developer went to the local CYO and pitched this “great opportunity.” You can go on the St John assessors website and get the details; the site is remarkably good. If you go on Google maps, the area north of I10 has two shades of green. The light green is privately owned subdivisions that never were. The Assessors page has the same boundaries and you can see where the streets were planned. Nothing is going to happen to that property. Interestingly enough, people don’t sell propably for the same reason we don’t. The property tax is less than a cheap cup of coffee on each parcel. Maybe they will find Lithium or something buried underneath
Eta: A quick research for the area shows two large tracts on the west side of the parish are owned by Gramercy Holdings to the south and Wildlife and Fisheries to the north. If you have one of the few parcels fronting Airline you may have a something.
This post was edited on 4/28/21 at 11:49 am
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