106 Acres for $36.14/acre

[Bill]

Problem is we're 166 years late for this deal. Going through some old paperwork my father saved from a historic house 30 years ago and came across an old deed. Thought I'd share.



I'm framing this receipt. $12 for a walnut coffin with hinges.

 

[Tree Spud]

Fantastic ... these old real estate docs are great ... very cool!

 

[North Mo]

Hey Bill, I just did an inflation calculator and the current price in 2017 dollars would be $1114.82 per acre, a great bargain. Land is a good investment. Love that history.

 

[Apple Junkie]

So cool to look back in time, great stuff Bill. I guess those hinges might be handy if you don't like the destination.

 

[yoderjac]

Must be good land. If you invested $36.14 at 3% interest 166 years ago, it would be worth over $4,800.00. We paid about half that for a pine farm, but that is in line with prime farm land.

Thanks,

Jack

 

[Bill]

So cool to look back in time, great stuff Bill. I guess those hinges might be handy if you don't like the destination.

I never thought about that :). But hinges and walnut probably meant it was a wealthy family. It wasn't a pine box.

Must be good land. If you invested $36.14 at 3% interest 166 years ago, it would be worth over $4,800.00. We paid about half that for a pine farm, but that is in line with prime farm land.

Thanks,

Jack

Fertile ground in that county. Today it sell for well over $10K par acre. Unfortunately they would put a house farm on it if one didn't already exist there. I have to go back through the papers again. I set some things aside because I found them interesting. I recall a receipt for potash and "bone"? Not sure what bone is. But I could be reading it wrong. The hand writing is hard to decipher some times.

 

[Bill]

Thought this was interesting also. It a payroll document.
Joesheph Colson paid Esreal Rennen $1.75 a day for 37 days work.
Seems like Joe hired people for $1.75 a day.

If I'm reading it correctly "at the bottom" he was paying himself $15 cash per day.
(Edit) based on the dates I think that was weekly payment. He wasn't Ebinezer Scroodge after all.



I don't think this letter would cut it today if the local grocery store couldn't pay its supplier.

"C.H. Richmond Esq.

Dear Sir

Your letter duly recieved,

Can you wait till the 10th of January.
Money is very scarce with us here just at present, if you can wait till that
date, I will send you a check for the full amount.

Yours truly
R.Harrison"

 

[Bszweda]

I never thought about that :). But hinges and walnut probably meant it was a wealthy family. It wasn't a pine box.



Fertile ground in that county. Today it sell for well over $10K par acre. Unfortunately they would put a house farm on it if one didn't already exist there. I have to go back through the papers again. I set some things aside because I found them interesting. I recall a receipt for potash and "bone"? Not sure what bone is. But I could be reading it wrong. The hand writing is hard to decipher some times.

I think they used bones as fertilizer back in the day =0

https://www.farmcollector.com/farm-life/buffalo-bones-for-fertilizer

 

[KDdid]

I love looking at the old abstracts for our family farm land. They start out with a description of the land being ceded from from one of the local Indian tribes, then being released for individual sale from the Department of the Interior. In the case of my farm, this happened during the Presidency of Martin Van Buren.


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[Bill]

I think they used bones as fertilizer back in the day =0

https://www.farmcollector.com/farm-life/buffalo-bones-for-fertilizer

I think you're right. Now that I think of it, it's not unusual to find pieces of clam shells in the fields around here. The packing houses where not all that far away on the Delaware bay. I think they ground and spread those also.

 

[KDdid]

Using oyster shells as a source of lime was common along the coastal areas. They were often heated and crushed to break down better.


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[Plottin'booners]

Must be good land. If you invested $36.14 at 3% interest 166 years ago, it would be worth over $4,800.00. We paid about half that for a pine farm, but that is in line with prime farm land.

Thanks,

Jack

But how much fun would you have had playing around on your 3 percent.