baxterstate t1_jea7hjf wrote on March 30, 2023 at 3:24 PM

$485 in today’s money for 5 acres of lakefront property sounds very very low.

Almost like taking advantage of an 8 year old kid.

Drevlin76 t1_jec4ltd wrote on March 30, 2023 at 10:52 PM

You have to realize that back then you could buy a house for like 17k. So, $50 was quite a bit. Still not enough but substantial, especially for land in rural Maine. The average cost of an acre was $32 in Franklin county back then.

baxterstate t1_jec99nh wrote on March 30, 2023 at 11:25 PM

In this case it was lakefront acreage. Today, lakefront homes sell for 3 times what non lakefront homes sell for. Lakefront acreage is also worth more.

Alphatron1 t1_jedx3wz wrote on March 31, 2023 at 9:16 AM

In the 30’s my grandfather was offered half of fort pond in Lancaster Massachusetts for like 10k. He already owned a decent sized chunk plus a 100 acre farm. More land more problems back then.