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#41
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"cas" wrote in message
oups.com... On May 14, 7:55 pm, wrote: Sorry if the subject line wasn't too detailed, but here's what I want to do. My neighbor will be selling his house soon. I want to ask him if I can purchase 10' from the current propery line onto his yard. All total it's about 100 square feet. We are in a typical subdivision. If he agrees to that, I will build a new fence on the new line. But I have some questions. First, how do I find out what the value of the land is worth some thing like this? Second, how do I get it recorded at the local government level (county)? One of my neighbors wanted to buy a strip of land from me, it was going to cost them more than it was worth. They finally resorted to trying to take it by adverse possession but that failed (they started to mow it and stuff and told the judge that "her grandmother" (who they inherited the house from) had gardened on it for years. Too bad the "for years" ended when she died in the 60s. You could ask the owner if he'd be willing to sell a strip if land. I'd consult a surveyor along with your city planning people then get a lawyer. Then my neighbors did their research it was going to cost about 1k for the survey and transfers/plot updates plus any other fees the city or lawyer would levy. What about an easement? "an interest in land owned by another that entitles its holder to a specific limited use or enjoyment; also : an area of land covered by an easement". |
#42
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On May 14, 6:55?pm, wrote:
Sorry if the subject line wasn't too detailed, but here's what I want to do. My neighbor will be selling his house soon. I want to ask him if I can purchase 10' from the current propery line onto his yard. All total it's about 100 square feet. We are in a typical subdivision. If he agrees to that, I will build a new fence on the new line. But I have some questions. First, how do I find out what the value of the land is worth some thing like this? Second, how do I get it recorded at the local government level (county)? What is the lot size? If you want to go10 feet into his property, and the total is 100 square feet, it sounds like you want a 10' by 10' parcel. It sounds like one of several things is occurring he Either the lot size is 10 feet deep, your estimate on the total square footage is off, you are looking to build a pen of some kind, or I am missing something (quite possible) I guess I don't have anything constructive to add to the discussion. I am just trying to determine what you are looking to do. It looks like some of the answers are based upon the idea of a fence running the length of a property line. With many lots, it would only be 1 foot or less into the proerty line to equal 100 square feet. |
#43
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On Wed, 16 May 2007 13:54:20 GMT, "Ivan Vegvary"
wrote: "Tim Smith" wrote in message ... In article GNv2i.7111$vu2.5936@trndny01, "Ivan Vegvary" wrote: After seven years (or some interval of time), adverse possession kicks in and the land is yours. WRONG!! 1) The possession has to be truly adverse. That is, both parties must know about it, disagree about it, and disagree over a seven year period (or whatever the statute of limitations in that state). That sure doesn't fit in with my recollection from property classes in law school, and a bit of Googling verifies that it is mostly wrong: http://www.lectlaw.com/files/lat06.htm --Tim Smith I guess you didn't want to read down to the first paragraph of your above citations. to wit: "A trespasser is entitled to legal ownership of property if his occupation of the property is hostile, actual, open and notorious, exclusive and continuous for a period of years set by state statute." What part of "hostile, open and notorious" make you think that there is no requirement that both parties must know and disagree about the trespass? Get your money back on your law classes!! Ivan Vegvary Lots in my neighborhood are 60x100 (6000 sq feet) and go for about $20,000. I'd sell my neighbor 100 sq feet for about $8,000 dollars and he pay all the costs.. I know that is kind of high, but the smaller size makes it much more expensive, plus it does devalue my home by about that much. I'm dead serious on this. |
#44
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![]() "ValveJob" wrote in message ... On Wed, 16 May 2007 13:54:20 GMT, "Ivan Vegvary" wrote: "Tim Smith" wrote in message ... In article GNv2i.7111$vu2.5936@trndny01, "Ivan Vegvary" wrote: After seven years (or some interval of time), adverse possession kicks in and the land is yours. WRONG!! 1) The possession has to be truly adverse. That is, both parties must know about it, disagree about it, and disagree over a seven year period (or whatever the statute of limitations in that state). That sure doesn't fit in with my recollection from property classes in law school, and a bit of Googling verifies that it is mostly wrong: http://www.lectlaw.com/files/lat06.htm --Tim Smith I guess you didn't want to read down to the first paragraph of your above citations. to wit: "A trespasser is entitled to legal ownership of property if his occupation of the property is hostile, actual, open and notorious, exclusive and continuous for a period of years set by state statute." What part of "hostile, open and notorious" make you think that there is no requirement that both parties must know and disagree about the trespass? Get your money back on your law classes!! Ivan Vegvary Lots in my neighborhood are 60x100 (6000 sq feet) and go for about $20,000. I'd sell my neighbor 100 sq feet for about $8,000 dollars and he pay all the costs.. I know that is kind of high, but the smaller size makes it much more expensive, plus it does devalue my home by about that much. I'm dead serious on this. It does depend upon location (doesn't it always?) and bits of land can be expensive. Our condo association wants to buy 125 sq.ft. of land next to the condo building to add porches. It would take land from a designated pedestrian walkway. The owner is asking $14K based upon recent lot prices. Unfortunately, according to the tax records for lots and buildings in the area, that's a fair price. ![]() TKM |
#45
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![]() "TKM" wrote in message ... "ValveJob" wrote in message . It does depend upon location (doesn't it always?) and bits of land can be expensive. Our condo association wants to buy 125 sq.ft. of land next to the condo building to add porches. It would take land from a designated pedestrian walkway. The owner is asking $14K based upon recent lot prices. Unfortunately, according to the tax records for lots and buildings in the area, that's a fair price. ![]() TKM Yes, location is everything. Co-workers's dad sold a piece of land that was about 30 by 40 feet for about $ 700,000. It just hapened to be at Myrtle Beach, SC in a high dollar area. |
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