I'd take a look at the tax value of the land on a square footage basis not counting the residence as a basis to form an offer to purchase. If the whole lot (empty) is only worth 5 or 10 grand according to the county tax appraiser, you can calculate what the tax value is.
Then figure out what the 27 years worth of tax the guy paid for that small piece. Maybe figure the current year times 27.
Add the tax value plus reimburse the 27 years of paid taxes, and it would be hard pressed for someone to say your offer isn't fair. Throw in some extra for interest if you want. Of course this is something the seller should do, but nothing wrong with you being neighborly and introduce yourself and suggest you want to be fair to him and get along from now on. Its worthless to you without the driveway and its really worthless to him cause he hasn't been using it. Otherwise it may be more mowing for him. In this economy, a 2 or 3 grand or whatever the figures are may buy him that new tractor project or something for the kids/grandkids.
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