Every home has a story and when it comes to sell, some stories make those sale odds very tough. I was contacted almost three years ago to work with the owners of this Dundee horse property to help them sell. The kids had left home, almost, and it was time to downsize. But there's one big objection that will be tested. The Longmeadow Parkway road extension.
Locals might well shudder at those words and say "you want to sell a house that's going to be right next to the extended Longmeadow Parkway Extension, are you insane?" There's no doubt that it's very tough to sell properties of any kind near busy roads unless the market is experiencing an extreme shortage, but that's not us, not this year.
Add to that, the nice beautiful open farmer's fields are going to be plowed through with a four lane highway right next to your house and boom, it's now a construction zone for several years and who knows what it will be like once the road is finished. The building of a road is the worst part. Work started in 2016, a year after we first started marketing the home, expected to be finished in 2019.
Once finished and done there will be some positives for the property. Right now it's accessed down a long dirt and gravel drive. Horrible in the winter, requires expensive maintenance and batters your cars suspension. In future it will have a small on ramp direct to a new paved road. Talk about easy in and easy out to the nearest towns and work places. Also once the road is finished the construction aspect goes away and it's just traffic. Houses next to roads sell all the time and once it's there people accept it for what it is.
The road will be busy, no doubt, if that were not the case they would not be building it despite all the protests. However when you've got an 8 acre property, the new road will not be sitting right on top of you. There's plenty of land to increase the amount of trees to create a natural barrier.
While it took 22 months from listing to closing, I had a great relationship with the owners, you can read more about the sale on my blog and how we the seller and sellers agent took an offer to a buyer, not the other way around. And it worked!
Here's an extract from the Myths v Facts statement issued by Kane County IL:
Myth: “Drops nearby home values up to 20 percent” Fact: Longmeadow Parkway impacts the fewest homes when considering all other construction alternatives, including the “no build” option, as existing and projected traffic growth and congestion are already impacting existing residential neighborhoods and are anticipated to worsen. There will be positive benefits for most residents, because Longmeadow Parkway will increase access and reduce existing and projected congestion impacts in many residential areas.
My Clients Were Affected More Than 20%
Someone always loses and in this case my clients lost almost 40%!
I shall move on to the next project, I honestly don't want another one like this for a while. However my cients have asked me to help them find their new home. For that I am truly grateful.
If you are in the market to find a horse property, you can search horse property in Barrington, Barrington Hills and McHenry County at my website. Or call me for assistance.
While on the subject of horses, the plight of the Nevada Mustangs is terrible.
Last Chance Mustang is about an abused mustang that came from these wild horse herds, was abused and finally settled and trained by a brilliant trainer, Mitch Bornstein. It's a great read!