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How does the natural gas pipeline under this property affect its value?

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Greenwich observer

Greenwich, CT

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A large natural gas pipeline runs underneath this property and there is an easement on both sides of the pipeline to permit repairs and modifications. Does anyone have a perspective on how the pipeline might affect future construction on the home and the impact on the property's value?
Question refers to 121 Clapboard Ridge Rd, Greenwich, CT 06830
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0 Yes

May 26 2007 - Greenwich
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teardowns dotcom, "Teardowns.com"

Greenwich, CT

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I recall one property I looked at several months ago with the same issue. Although there was a house on the lot, it had very little redeeming value. Essentially, we tried to determine its' development potential, and estimate the maximum allowable FAR based on the distance required from the gas pipeline. Working that way, we came up with a range, and suggested that the seller stay at the lower end of that range. It's never a bad idea to let the market determine the true value..
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2 Yes

July 22 2007
 

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