Great question! You should surely consider how much value it really adds in your offer. i recently did a market analysis on a home that had 3 acres but only 1 acre was usable and that was what the house was on. An apprasier was brought in and we came up with the same pricing conclusion. Some questions to ask is yourself is: is the extra acreage providing any benefits to a buyer, how private is the lot, what is the shape and lot's functionality? we already know you can't build out so you may want to compare this home's size/features/location to others in the same location. The other homes may have smaller lots but it will give you a great starting point. hope this helps and if you have any more questions feel free to contact me.
Keller Williams Associate Partner
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