virginia: My mother is thinking about selling her late mother-in-law's home in Fairfax Virginia that sits on exactly 1 acre. The house itself is pretty ran down so I'm sure it would just be bulldozed as the land is the real prize here. Any ideas?|||Comparable sales in Fairfax, VA range from $300-500K for the past year. If you forward me your email address and I can send you the listings to take a look at. Info@Crystal-Realty.com Thanks!!|||For the record, I offered as a simple courtesy. Best of luck to your mother. Report Abuse |||Since everything about real estate is location-dependent, the best way for you to answer that question yourself is to look at a site like http://www.realtor.com for current land for sale, or zillow or tulia. Look for lots the same size (since you don't get the same $/acre for 100 acres as you do for 1/2 acre), and in the same neighorbood to whatever degree is possible (since land varies quite a bit in price from one area to another even in the same city.). This is known as 'looking for comparables' and is the most frequent technique that appraisers use.|||Dale is on the right track. It all depends on location location location. Get a bpo from a realtor or get an appraisal done so that you know the exact value that someone should pay before you put it on the market. Appraisals should cost about $400 in most areas I am a mortgage banker in TN & KY |||Check with local Real Estate agents. Ask them for a Broker Price Opinion. That will tell you more than anyone on this site can tell you. It really depends on the exact location and what someone might do with the property. Good luck. |||Again, ED is wrong. Where in fairfax? Great Falls, it would be worth 500,000+ Springfield, maybe 250,000. What is the zoning? Can you get more then one house on the lot? You need to give more information. |||An acre in N virginia was worth about $1M at the height of the housing market. Now you'll probably get $600k - $800k. Recently a 2-acre lot in Fairfax county sold for $2M.|||$50,000 if rural. $150,000 if it's near a town and there are nice houses nearby..