IF THERE ARE 2 IDENTICAL HOUSES AND ONE IS APPROX 250 FT FROM A 4 LANE FREEWAY AND THE OTHER IS SAY A 1000 FEET OR MORE AWAY FROM THE FREEWAY, WHICH COULD YOU SELL EASIER AND/OR WHICH WOULD YOU WANT TO BUY? DO YOU THINK IT MATTERS IF A HOUSE IS CLOSE TO A FREEWAY? THE CITY SAYS COMPARABLE SALES SHOW THAT LAND ON THE FREEWAY VS. LAND NOT ON THE FREEWAY IS NOT INFLUENCED ONE WAY OR ANOTHER. DO FIND THIS AS TRUE? THERE IS NOT AN EASIER ACCESS TO THE FREEWAY FROM THE HOUSE CLOSEST TO THE FREEWAY AND IN FACT IT IS ACTUALLY FURTHEST FROM AN ACCESS TO THE FREEWAY.
In my experience home buyers prefer to have a quiet and peaceful home. In the case that is listed above, it is essential to walk the front and back yard and spend time at the home during prime driving times. Noise pollution is never a positive selling point. Is there a fence on the property that gives privacy? Are there benefits form one property to the other in terms on interior improvements, updating, mature landscaping? These factors will also weigh in on the pricing of each property. For the most part, most buyers would prefer to choose the house that is not the closest to the freeway and may have more privacy.
Depends on the supply/demand for the property due to location (city vs. suburbs). Get with a season Realtor that specializes in that specific area and go from there. You'll find what you need based on sales history.
Charmine
I agree with you that the county is totally incorrect. You might want to contact an agent in your area and
have them find comparables 1) that is not by freeway and 2) the same or similar house by freeway.
Price of comparables is not important. What you are looking for is a percentage difference in sales.
In the Seattle area it is 10 to 20 percent and the market times are usually double. If this doesn't work
you can contact an appraiser and they might be able to help you. Good luck
Mary
I cannot speak for my buyers, but if it was a home that I was purchasing with all that you have described I think that I would want to pay less for the one closer to the highway. Although noise does not necesarilly devalue a home.
Michelle Roethle
Windermere Peninsula Properties
Allyn,WA
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