Real Estate

[kevin_standlee]

The vacant lot next to Fernley House has a new For Sale sign on it. I inquired about the price. "$105,000."

"What!"

"It's industrial, with water and sewer hookups."

"I know; I live in the house right next to it. Okay, thanks."

I might give $10,500 for the 150 x 150 foot lot, but not ten times that much. I guess I should be happy that it's so overpriced. I think it highly unlikely that anyone would buy an undeveloped lot (even with water/sewer in place) with houses on three sides of it, even if it is zoned industrial. There are much better pieces of actual industrial land in this city, without annoying neighbors.

Comments

[kevin-standlee.livejournal.com]

It's the other way around. They imposed a blanket industrial/commercial zoning on an area that was housing, small shops, small industry (an auto shop and a woodworking business) and large industry (that big plant you may have noticed down the street when you visited; they make diatomaceous earth products like kitty litter). It didn't "become residential;" it was already partially residential.

I interpret the zoning to mean that any existing building that was there when the city incorporated can stay, but you can't build new houses on the existing lots. If I wanted to build a new house in place of where I live now (I most definitely do not), it would have to be a "all but one wall" rebuild, I suspect.

The city has noticed that the zoning from the initial incorporation is, er, less than ideal. Maybe I should try and go to planning commission meetings.