the lot is shaped as a flag; it has a long driveway and then at the end of the driveway there is a larger lot where my house is. the driveway is shared with our neighbor. will there be a discount when i try to sell because of the shape of the lot and because it is not right on the street?
2006-10-17 03:05:55 · 11 answers · asked by suzana i 1 in Business & Finance ➔ Renting & Real Estate
It all depends how inconvenient it is to live there. Some people would take it as a plus to be so far away from the street.
They did this sort of thing in my area to some of the properties that had small bungalows on large rectangular lots. Divided the lot into two by a diagonal line from one outside corner to the inside corner on the other side. Leaving a really small frontage on the roadway. And because putting in access at the back of the property was not possible. After about the third property was done this way, it was suddenly halted. I think they were having trouble selling these properties for those same reasons you bring up.
I think that your best bet would be to make the property look good to young singles or just marrieds. They don't much care about yards anyway.
2006-10-17 03:20:37 · answer #1 · answered by Anonymous · 2⤊ 0⤋
I think you must have my old house! It didn't hurt my value as far as I know! I bought it in 1980 for about the same prices as a top of the line Corvette. I sold it in 2001 for about the price of a top of the line corvette! Sure prices over doubled, and it looked good to have that money in the bank for a short amount of time. In truth though, my house did a just a bit better than inflation. The odd lot and shared driveway didn't hurt me.
2006-10-17 03:17:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
In my region, a flag lot is a parcel of land placed in the back of antoher lot with a real of way on one fringe of the valuables. on the survey of this parcel, the lot resembles a flag (it is the place the term flag lot comes from). besides, it is going to no longer impression the resale fee as long as there are not any detrimental valuable aspects with the front lot, ie. unkempt backyard, a house that's in % of fix, canines, animals regularly , and so on. In different words it is going to be a reliable to great section. you will additionally % to contemplate the gap of the domicile you would be construction from the prevailing lot boundary lines; it is a privateness subject. i could desire to pass on... yet I won't... stable luck, bill
2016-10-19 21:09:21 · answer #3 · answered by ? 4 · 0⤊ 0⤋
No a flag lot does not hurt your value. Some people want to be off the street just as much as some want a corner.
2006-10-17 03:36:10 · answer #4 · answered by Dave C 2 · 0⤊ 0⤋
it may hurt it a bit because a lot of times homes will sell based on street frontage. since all you have fronting on the street is a shared driveway, you dont have much contact with the street. it may end up hurting the price.
2006-10-17 03:14:14 · answer #5 · answered by swatthefly 5 · 0⤊ 0⤋
It is all how you present it. Call it a 'secluded entrance' or a 'hidden house' and create an aire of seclusion to the yard.
Get the right agent, or make the ad yourself, and people will look at the good points you present.
Someone may even be looking for something like this.
I serve legal papers and people sometimes like to hide like that.
2006-10-17 03:21:39 · answer #6 · answered by RJ 3 · 0⤊ 0⤋
No if the house is nice. Right now is a bad time to sell a house though.
2006-10-17 03:15:25 · answer #7 · answered by Thanks for the Yahoo Jacket 7 · 0⤊ 0⤋
I don't think so. Lots of people like me don't want street frontage- litter, traffic noise, headlights, easy view for strangers to see if nobody is home...
Don't cut your positive feature short.
2006-10-17 03:19:55 · answer #8 · answered by Use another Nickname 2 · 0⤊ 0⤋
Probably not significantly, as long as there's a permanent easement for access to the property.
2006-10-17 04:03:01 · answer #9 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Ask a real estate agent
2006-10-17 03:14:40 · answer #10 · answered by Anonymous · 0⤊ 0⤋