Updated 22 days ago on . Most recent reply
Vacant lot to sell or not
I own two lots as in the survey attached. One a has a little house on lot 4 which is rented, and long lot 5 which shows gravel parking is empty lot. I get offers from builders for the vacant lot but they don't want to buy the both the lots. I have been refusing sale of only empty lot because then little house will sort of lose its "yard" and what gets constructed on empty lot might reduce property value of a house which is small and not updated. I feel like if I sell lot 5 it will become very hard for me to sell lot 4 alone. I do want to sell both of them.
But thinking now if anyone thinks there is a reason it might be in my interest to sell vacant lot alone, and try to make a deal.
Assessment for both the lots have increased and I have been paying property tax on vacant lot when it does not generate any income.

Most Popular Reply
The bigger issue is that it appears you have an encroachment where the smaller lot appears to have some sort of deck or steps that might intrude upon the other lot. Also, does that house meet the setback requirements? I assume it does, or it is grandfathered in. If it does, then I don't see a reason why you would not sell that other lot, as I don't believe the value of that property would decrease significantly, or more than what you're getting for the lot.
- Chris Seveney



