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NOTE RECEIVABLE
9 Months Ended
Jun. 30, 2015
Receivables [Abstract]  
NOTE RECEIVABLE
NOTE RECEIVABLE
 
In October 2014, Barnwell sold one residential parcel for $1,250,000 and received a down payment of $343,000 and a purchase money mortgage from the buyer for the remainder of the sales price. The note was due 270 days from the closing date and Barnwell collected the balance in July 2015. The note was non-interest bearing and was accordingly recorded at a discount using an interest rate based on market rates for similar instruments. See Note 6 for additional information regarding the sale of the residential parcel.