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Buying wetlands in St John Bapt parish

Posted on 4/25/21 at 12:47 am
Posted by Sal Minio
17th Street Canal
Member since Sep 2006
4180 posts
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 by lsufan112001
sportsmans paradise
Member since Oct 2006
10700 posts
Posted on 4/25/21 at 1:12 am to
Cypress swamp or hardwoods?
Posted by cgrand
HAMMOND
Member since Oct 2009
38749 posts
Posted on 4/25/21 at 8:09 am to
divide the sale price by the acreage? Lol
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30560 posts
Posted on 4/25/21 at 8:56 am to
Call a realtor from the area. They can hook you up with comps
Posted by Sal Minio
17th Street Canal
Member since Sep 2006
4180 posts
Posted on 4/25/21 at 6:08 pm to
quote:

Cypress swamp or hardwoods?


Both.
Posted by LSUneaux
NOLA
Member since Mar 2014
4490 posts
Posted on 4/25/21 at 7:24 pm to
Just curious, but what’s the point in owning them?
Posted by Sal Minio
17th Street Canal
Member since Sep 2006
4180 posts
Posted on 4/25/21 at 9:09 pm to
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 by ithad2bme
Houston transplant from B.R.
Member since Sep 2008
3468 posts
Posted on 4/26/21 at 12:45 am to
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.
This post was edited on 4/26/21 at 7:43 am
Posted by Gevans17
Member since Dec 2007
1135 posts
Posted on 4/27/21 at 8:04 pm to
Not much. Is it close to the planned levee?
Posted by jfw3535
South of Bunkie
Member since Mar 2008
4650 posts
Posted on 4/27/21 at 9:04 pm to
$1,000/acre.
Posted by Sal Minio
17th Street Canal
Member since Sep 2006
4180 posts
Posted on 4/28/21 at 8:06 am to
quote:

$1,000/acre.


How did you determine this amount?
Posted by jfw3535
South of Bunkie
Member since Mar 2008
4650 posts
Posted on 4/28/21 at 10:27 am to
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 by pjab
Member since Mar 2016
5646 posts
Posted on 4/28/21 at 11:30 am to
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.
This post was edited on 4/28/21 at 11:49 am
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