Asked by Kim, 30033 • Tue Jan 8, 2008
My home sits on an acre in Decatur, GA 30033, and the far end of our backyard borders a dead end street.
We're thinking about selling off a ~1/2 acre of our backyard that sits on the cul-de-sac. I think one home with a decent sized yard or two homes with small yards could be built there.
We bought our 3br 1ba, built 1954, 1900 sq ft home ~3 years ago for 192,000, and it was recently appraised by the county at 225,000. The houses on the cul-de-sac were built in the 1980s, and seem to sell for ~350,000.
We're starting a family and want to move to an in-town neighborhood with sidewalks and parks and restaurants within walking distance. But we need a home equivalent to or bigger than the one we currently have, and we need to be in a good school district.
I am hoping that by dividing our property before selling we could turn enough of a profit to be able to pull this off. Am I nuts? Would selling off part of the backyard drop the value of our property?
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