Asked by Int Buyer, San Anselmo, CA • Wed Apr 11, 2012
I am trying to buy a short sale property, while doing the property investigation I came to know that city is trying to build a pedestrian bridge across the back street of the property, and city engineer's office confirmed that construction will begin this summer.
Bridge will be adjacent to back fence/wall and high above the property, one can view the backyard and house from the bridge.
Does this bridge bring down the future value of the property? I asked the bank to reduce the price, but they came back saying they will do so only if appraiser recommends it. I am not sure if appraiser's takes into consideration of future developments adjacent to property.
Any thoughts/opinion would be greatly appreciated
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