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Answers (3)
- Northwest Buyer
- Contributions:4
An addendum/correction to my question. I found the short plat description, and the long driveway is an easement on the property that faces the street, not a part of the subject property. This easement is shared with a property next door, which is in exactly the same situation. There is language in the short plat covenants requiring maintenance of the driveway, and something to the effect that if the driveway is improved to county standards, the county may agree to take it over and would void the easement. That would be nice, but it's probably way too expensive (I am guessing that asphalt paving and construction of a drainage ditch + culverts would be required).
- Hamp Yonce, "Zilluminati"
- Contributions:3463
It doesn't sound like you are talking about an easement, but instead a "flag lot" (called this because of the shape).
The maintenance costs of a 300 foot " gravel road" will be a consideration. The drainage issues are certainly another. They may be more of a concern to the owner of the lot your gravel drive adjoins.
I agree with Jkonstant, that some people will consider the added privacy a plus. I would closely examine the living habits and condition of the homeowners, and home, between you and the street. As goes their value, may go yours.
These situations are becoming more prevalent. You could probably isolate comps of similar homes and study their recent resale stats. Ask your agent to help, or ask the Sellers Agent to try to prove to you that this will not come back to bite you later.
The maintenance costs of a 300 foot " gravel road" will be a consideration. The drainage issues are certainly another. They may be more of a concern to the owner of the lot your gravel drive adjoins.
I agree with Jkonstant, that some people will consider the added privacy a plus. I would closely examine the living habits and condition of the homeowners, and home, between you and the street. As goes their value, may go yours.
These situations are becoming more prevalent. You could probably isolate comps of similar homes and study their recent resale stats. Ask your agent to help, or ask the Sellers Agent to try to prove to you that this will not come back to bite you later.
- Jeff Konstant, "jkonstant"
- Contributions:1970
Step one is to hire an attorney to properly investigate and advise you regarding the legal issues of the easement/right of way. You along with your attorney should contact the local governing body to determine what, if anything, can be done regarding improving this easement. Understand that you may get the right answer today regarding channeling the water only to get a totally different answer down the road. Things change.
As for the issue of privacy and re-sale appeal. This is always in the eye of the individual. Some will like it, some will be turned off and some will be indifferent. If the easement/drainage issues are clean, there shold be little problem later on.
As for the issue of privacy and re-sale appeal. This is always in the eye of the individual. Some will like it, some will be turned off and some will be indifferent. If the easement/drainage issues are clean, there shold be little problem later on.
How to value a home with no street frontage
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