RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
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2050 Roswell Road
Marietta GA 30062
404-386-3682 Assistant Robin
678-760-6266 Buyerâ€™s Agent Adam
The decision is yours but there is a reason why it's a good deal.... as good as the deal is today, the highway will still be there when you get around to selling it in the future.
"Nothing on record for lease or for sale in either MLS going back years. Someone held this for awhile.
So what are some of your thoughts on this shadow of shadows?
And, dude - a highway house?
What if the highway needed work?
What if debris flew into your yard?
What about the noise?
How long will it take to resell when you want to resell it? Well a good place to start is with this shadow of shadows of a property, and with a bank as the defaulted owner struggling with a house that is quite difficult to value unless you value it low low low...
I can not suggest paying more than $150000 for this house - you could lease this for $1500-1700, maybe, as long as it's in good shape..."
This is considered an adverse external influence and it will be considered on any appraisal. The degree of adverse influence is best derived from using "paired sales analysis" - finding similar homes with the exception of the highway. However....
Common sense is clear, there are multiple concerns with something like this; there is a demonstrated negative impact on value and appeal and you will need to chop price when it's time to sell. You better buy it real cheap because you will need to sell it real cheap.
Best of Luck,
Century 21 Tenace