2006-10-16 10:13:38 · 5 answers · asked by suzana i 1 in Business & Finance ➔ Renting & Real Estate
Maybe a little... but as long as your home looks great and has nice landscaping, it should still attract buyers.
2006-10-16 14:07:40 · answer #1 · answered by Mike S 7 · 0⤊ 0⤋
In my region, a flag lot is a parcel of land located behind antoher lot with a right of way on one side of the property. On the survey of this parcel, the lot resembles a flag (that's where the term flag lot comes from).
Anyway, it shouldn't affect the resale value as long as there aren't any negative features with the front lot, ie. unkempt yard, a home that is in need of repair, dogs, animals in general , etc.
In other words it should be a good to great area. You'll also want to take into consideration the distance of the home you'll be building from the existing lot boundary lines; it's a privacy issue.
I could go on... but I won't...
Good Luck,
Bill
2006-10-17 03:25:31 · answer #2 · answered by bill_reyes 2 · 0⤊ 0⤋
Do you mean a vacant lot that is going to sell or display flags?
As a former real estate appraiser for 12 years, I would recommend a phone call to a couple of real estate appraisers in your neighborhood.
The important factors are going to be what type of property you have, the current zoning of your property and adjoining properties, and the past and present property uses for your property, adjoining properties and the area. An important factor is going to be the town and counties Planned Use or Comprehensive Plan for the area.
If you update this posting or send me an email with more details perhaps I can add more.
2006-10-16 11:28:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
i imagine you ought to have my old residing house! It did not damage my fee so a concepts as i comprehend! i purchased it in 1980 for roughly a similar expenditures as a maximum reliable Corvette. I bought it in 2001 for roughly the fee of a maximum reliable corvette! particular expenditures over doubled, and it appeared solid to have that money in the commercial employer for a short era of time. in truth notwithstanding, my residing house did a only a touch extra constructive than inflation. The odd lot and shared driveway did not damage me.
2016-12-04 21:49:59 · answer #4 · answered by cipolone 3 · 0⤊ 0⤋
NO idea what a flag lot is, and i'm in real estate.
2006-10-16 11:27:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋