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We are thinking of buying at the Park at Langston off of Optimist Farm Road. If the orange route is implemented, then I'm hearing the 540 will be less than a mile north of this neighborhood. I'm not sure if traffic will be heard so close and how that will affect price values. Does anyone know at what point values go up or down depending on proximity to a major highway like that?
I don't think that anyone can answer how real estate prices will react based on proximity to the freeway. Granted, they will go down if you can reach it with your 3-wood, but how far away it has to be before values stay the same or increase? Who knows?
I would say also that good access to it is crucial if there is to be any positive benefit.
I would assume worst case is visual or sound impact with no direct access off your main road and you have to drive 2 miles on three streets to get to it.
Maybe best case is its out of sight and beyond hearing it, but maybe less than a mile from the main road your subdivision is off to get to an exit.
Then again, that's pretty much my thinking looking at a house, but I'm no appraiser.
I will respectfully offer up that this thread irks me.
OP-did you start this thread because you are genuinely concerned for your former neighbors in
Sunset Oaks? The reason that I ask is that it is pretty easy to interpret this thread as much as a
"nyah-nyah, we sold our house in Sunset Oaks before the sky fell" than as a thread offering information. My guess is that you wouldn't be starting threads about the possibility of 540 bordering Brighton Forest if that was on the table.
This thread also contains quite a few inaccuracies about exactly what is going on here and could frankly
encourage the spread of falsehoods about exactly what this new study is, why it is going on, etc.
My brother lives in Sunset Oaks. I live in The Park at West Lake. These neighborhoods both border the Purple route. While I have no plans to move and my home is in a location that will not be directly impacted
should the Purple route become reality, my brother is faced with different challenges in that he had planned to put his home on the market next year.
At the end of the day I have very little concern about the Purple route ever being viewed as viable on multiple levels. That's why I am all the more troubled by the possibility of people becoming misinformed about the status of the last section of 540. As Mr. Jaquish pointed out above, the DOT already owns substantial portions of the orange route. They have been acquiring this property for decades. The last 20 plus years of development in the southern sector has been guided and implemented by this route. Not only would the proper entities have to acquire all of the new property and get into serious eminent domain issues, but they would have to at some point dispose of substantial parcels of land whose value would be affected negatively by the fact that 540 was not passing thru the way it was supposed to since the '90s.
Due diligence is really important. I don't get my information from Henny Penny-if anyone is genuinely concerned about this study they should do the research, participate as they see fit in the process, and not get caught up in the scuttlebutt.
I have many friends in Sunset oaks and am generally concerned, I loved that neighborhood while I lived there and still visit people often. Definitely not trying to put it in people's faces. I understand why you would see it that way though. I was just putting this up as I heard it from my former neighbor. I apologize if there was mis-information, just stating what I heard.
According to the news, nothing has been confirmed. There will be more meetings for the public to voice their opinions.
I thought a woman on the news had a good point, which was...How is Raleigh going to have the funds to buy 600 homes?!!
Let's don't bother the wildlife but instead, we should displace 600 families? How is that even logical?
Vicki
I was assuming that was the real plan behind the $75 million transportation bond that was passed last week.
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