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cboyce1

Warmouth
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Posts: 43
Reply with quote  #1 
I hate to see this area change ownership. I have always enjoyed just walking up to look at the opening and even went through it once. If the state would have interest in buying this very unique place I doubt you would be able to go through unguided. If a private party buys it it will most likely become some sort of resort. I would still prefer the state ownership of the area to ensure the preservation of the area.


https://m.landwatch.com/west-virginia/randolph-county/land-for-sale/?id=336626010
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WVUPSC

Largemouth Bass
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Reply with quote  #2 
$28m for 800 acres.  Wow....
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wvmnteer

Rock Bass
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Reply with quote  #3 
Been there several times.  $28M for that property.  I don't think you have to worry about it changing ownership.
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Bum

Brookie
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Reply with quote  #4 
that will be for sale for a long long long time at that price.
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WVUPSC

Largemouth Bass
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Reply with quote  #5 
If you go to the realtor’s website for the property, linked from the site in the original post, it gives you the mortgage payment based on default settings.  It’s only $110k per month.  That makes it sound so much better...[rofl][rofl]
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Mountaineer23

Carp
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Reply with quote  #6 
No way that property or the natural resources on it are worth $28M
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MountainStreamer

Brookie
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Reply with quote  #7 
Only $35,000 per acre!  

I'm sure there is some underlying reason for this.   I'm sure their goal isn't to sell it for that amount.    Wonder what "the rest of the story" is?

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curmudgeon

Brown Trout
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Reply with quote  #8 
I saw an interview on PBS several years ago with Mr. Teter who owned that property. He was up in age and was unsure what was going to happen to that historic property after his death. He expressed interest in that land going to the Mon National Forest. I assume he has passed away and his heirs didn't feel the same way.
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Headwaters

Musky
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Reply with quote  #9 
It would be nice if the Nature Conservancy could purchase at least part of it and give it to the State or the Feds to become a state forest or part of the national forest.  I doubt they have the funds to pay such a price for the entire property - or even a more realistic price if this is price is not at market value?  It is probably still worthy of a several million dollar price tag?
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WVUPSC

Largemouth Bass
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Reply with quote  #10 
Quote:
Originally Posted by Headwaters
It would be nice if the Nature Conservancy could purchase at least part of it and give it to the State or the Feds to become a state forest or part of the national forest.  I doubt they have the funds to pay such a price for the entire property - or even a more realistic price if this is price is not at market value?  It is probably still worthy of a several million dollar price tag?


or maybe the WV Land Trust could buy it.  ...but not for $28m.  Are they trying to establish some sort of cost basis so they can to sell it to the government or to a conservation org and claim it was “at a loss”?
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LJ

White Bass
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Posts: 273
Reply with quote  #11 
Guys, you'll never get more than you ask in the first place.  I'm sure they'll entertain offers, but that asking price will scare off the riff-raff.  The true value of a property is what a willing buyer and willing seller agree upon.

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Longspurwv

Brookie
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Posts: 2,243
Reply with quote  #12 
Wish my 7th great grandfather Uriah Gandee who lived in and named the sinks would have left this gem to me!
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Crow

Tiger Trout
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Reply with quote  #13 
$28 million.... oh please... more to this story, for sure
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Stone_Lake_Views

Largemouth Bass
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Posts: 752
Reply with quote  #14 
I remember the first time I hiked through the Sinks. One of the best memories with my family from my childhood. Before the Flood of 85 my Dad used to walk through with his bird dogs.

I was wondering when this property would be listed. I have a friend who is a local realtor and went and spoke to the family this Summer about listing the property. He suggested they try and sell to the Nature Conservancy, but he thought a fair asking price was less than 1/6th what they are asking now. So I guess that’s one of the reasons he didn’t get the listing. I’m not sure where they came up with this value. But it’s not like there are any comparable properties that have recently sold, so this value was always going to be somewhat subjective. It only takes one sucker. . .

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