Land under contract in Fresno County (Clovis, CA)

[Chris Allard]

Hello BPers,

I'm having a bit of a problem with getting true estimates on a property currently under contract. I've had my agent pull comps within a mile radius of the address and prices rage from 262K per acre to 128 million per acre. The property is within Fresno County, but located with Clovis, CA. It's actually surrounded by new development (SFR homes). My wife and I were planning on living in it to stop paying rent and want to make sure it's a good investment. Any developers out there know what I can realistically look at for price per acre? I'm even thinking about holding it long enough to get it purchased for what we owe w/ a free home thrown into the deal. Really appreciate any feedback I can get.

Cheers!