Dear Cookiemom:

The only time a corner lot carries more value is when either a) It is on a larger lot as compared to similar homes on the middle of the block or b) if you come across a buyer who just so happens to like corner lots. Beauty is in the eyes of the beholder, some buyers do not want corner lots, others love them. In the end it kind of balances out. It also depends what's on the corner, is there a traffic light, bus stop, etc.?

The only way to determine if a realtor is low balling you would be to interview several agents and see what types of estimates of value they give you. Some agents will low ball trying to make their job easy, others will highball you to insure that you list with them and not another broker. An honest broker (which I like to think is the vast majority of them!) will give you the right estimate, not too low and not too high.

Most of the comparables you see will not be corner lots because the volume of sales on corner lots are limited, hence if you only looked at corner lot sales you would not see much.

I would love the opportunity to help you, my office is located on Avenue R right off Nostrand Avenue and Sheepshead Bay is one of the areas I specialize in. Please call me so we can discuss this further. Thanks and good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com