What are the pros and cons of having a PUBLIC road through your property? (value, developer)
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Note that I am talking about a PUBLIC road, not your private road.
Looking at it one way, strangers can drive on my property, which seems bad. Looking at it another way, I own the other side of the road too! That sounds good.
Not sure how "owning the other side of the road" is a benefit. Honestly, I don't see any benefits. Only nuisances.
Probably means more frontage which can be a positive thing. Too many unknowns to comment on this particular case but clearly road access can certainly have benefits depending on what the potential is for the property to be developed.
Is it actually 2 lots, each with a border that follows the contour of the road ? or is it one lot where the road is an easement on the property ? Does the city/county/state maintain the road ?
Note that I am talking about a PUBLIC road, not your private road.
Looking at it one way, strangers can drive on my property, which seems bad. Looking at it another way, I own the other side of the road too! That sounds good.
You'll have twice the amount of assessments for the road itself and the sewers. When they put a public street through the middle of our farm, they paid us peanuts for the value of the land, based on an ancient level of valuation. We would have faced street and sewer assessments of $275,000., for our long, double frontage. So we were forced to quickly sell it to a land developer and it became covered with junk-built houses. Which is what the city wanted, from the beginning. When we'd bought the farm, we were three miles from the city limits and thought we were safe. Now the city stretches two miles beyond and was stopped from going farther, only by a river.
When we'd bought the farm, we were three miles from the city limits and thought we were safe.
...were forced to quickly sell it to a land developer and it became covered with junk-built houses.
Which is what the city wanted, from the beginning.
I own both sides of the county road for 1/3 of a mile, with curves at both ends. Nobody is going to be building next to me or across the road. Litter is one nuisance, but not that big a deal. I do a trip with a trash bag twice a year and call it good. The occasional idiot takes the curves too fast and ends up in the creek. I just call 911. The fire department shows up to contain the spill and the county mounties call a tow truck to snake them out of the creek.
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