How to Figure Price of Land

[Jesse Kozazcki]

Hello all,

I'm currently looking at a property with an extremely motivated seller due to health and back taxes owed.

It's in NH.

The existing structure needs to be demo'd and it's way too close to the road so a new foundation would need to be put in somewhere else.

The zoning board said the property was acquired pre zoning laws so if I purchase it, I can do whatever (within reason).

However, there are no recent land sales in the area and I have no idea how to value the property.

Any help would be appreciated.