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SarcasticSatyr

(1,295 posts)
Wed May 1, 2024, 09:25 AM May 2024

Could someone assist me with a real estate question (Sorry if this is the wrong forum for this question)

I recently received a letter asking if I would be interested in vacating a portion of a street that lays between our two properties. Doing so would split the 50 foot easement between us adding 25 feet in depth to each property. What are the implications of this?

Currently there is no access to this side of the property, but my worry is that this will hurt the value if some future owner wishes to break the lots in half, because the rear portion will have no access.

I'm sorry if this comes off as a little confusing, thank you for any assistance or incite you have. If you need more information please ask ... thanks again.

10 replies = new reply since forum marked as read
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Could someone assist me with a real estate question (Sorry if this is the wrong forum for this question) (Original Post) SarcasticSatyr May 2024 OP
You should probably check with a real estate lawyer in your city for an answer. Ocelot II May 2024 #1
Back alleys are useful eallen May 2024 #2
Just to add some information . . . SarcasticSatyr May 2024 #5
Not that I have any idea what I'm talking about, but LuvLoogie May 2024 #3
Make sure the RE agent is a local Democrat Submariner May 2024 #4
Sadly, I live in Florida . . . SarcasticSatyr May 2024 #6
I'd get out my deed and have an attorney or a title company look at it and the request. Deuxcents May 2024 #7
I certainly don't intend on rushing into any decision . . . . SarcasticSatyr May 2024 #8
The easement is a street on the city plot map? 58Sunliner May 2024 #9
sorry it took so long to respond to your question .. SarcasticSatyr May 2024 #10

Ocelot II

(121,473 posts)
1. You should probably check with a real estate lawyer in your city for an answer.
Wed May 1, 2024, 09:27 AM
May 2024

This stuff gets complicated and depends a lot on state and local laws.

eallen

(2,975 posts)
2. Back alleys are useful
Wed May 1, 2024, 09:40 AM
May 2024

You might want to put a garage back there.

Does the city currently maintain the street? Who uses it? For what? If the street becomes partly your property, will you pay more tax?

Too many variables for a simple answer. Yeah, an experience real estate agent who knows the area would have some relevant views.


SarcasticSatyr

(1,295 posts)
5. Just to add some information . . .
Wed May 1, 2024, 10:00 AM
May 2024

Currently there is no street there, it is undeveloped, the street terminates about 1 block from my property. However, this does not preclude the city from extending the road as the area develops and more houses eventually get built.

LuvLoogie

(7,585 posts)
3. Not that I have any idea what I'm talking about, but
Wed May 1, 2024, 09:40 AM
May 2024

Ask whether you are grandfathered in on any zoning advantage/autonomy. Ask if any change subjects you to newer ordinances, which may lessen your control/rights on your property.

Submariner

(12,715 posts)
4. Make sure the RE agent is a local Democrat
Wed May 1, 2024, 09:57 AM
May 2024

not a shady TSF following fascist maganazi, who might contact your solicitor for an inside information payoff to screw you.

My apology for sounding coarse. I just don't trust anyone anymore.

SarcasticSatyr

(1,295 posts)
6. Sadly, I live in Florida . . .
Wed May 1, 2024, 10:05 AM
May 2024

all the local real estate agents are fascist, greedy assholes.

Deuxcents

(20,131 posts)
7. I'd get out my deed and have an attorney or a title company look at it and the request.
Wed May 1, 2024, 10:24 AM
May 2024

Someone wants it for something and not knowing or thinking it’s not being used so what to do, I would get advice and sit on it for a while. Is this parcel included in your strap number/ property ID? Be careful with real estate in Florida…people come from all over with schemes and scams

SarcasticSatyr

(1,295 posts)
8. I certainly don't intend on rushing into any decision . . . .
Wed May 1, 2024, 10:44 AM
May 2024

I've lived on this property since 1964 (I was one year old when my parents bought it and built a house)

58Sunliner

(5,002 posts)
9. The easement is a street on the city plot map?
Thu May 2, 2024, 08:05 AM
May 2024

Talk to zoning, and a lawyer if you can't figure out the implications for this. It sounds like the neighbor wants to add to their lot, which may be substandard, with the goal of splitting the lot and/or building another house on the rear of the property. Is the easement impassable and not maintained by the city/county?

SarcasticSatyr

(1,295 posts)
10. sorry it took so long to respond to your question ..
Fri May 10, 2024, 01:19 PM
May 2024

correct , the easement is unpassable (by car anyway, you can walk through it if you're careful) and it is not maintained.

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