John Mosier, Prescott's Patriot Agent  928 533-8142 (Realty ONE Group Mountain Desert)

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Rainmaker
3,912,430
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

that does NOT devaluate the property..... there are wetlands on the majority of subdivisions in my area.... I've listed 40 of them.... wetlands are a buffer...they need to stay natural....no growth can be cleared....no trees in that area can be cut down.... it's privacy.... but the property owner does own it.... 

Aug 14, 2017 12:26 PM
Rainer
230,438
Ken Jones, SRES, ASA, SCGREA
Focus Buyer's Broker - Neptune, NJ
Exclusive Buyer Representation

John Mosier If the zoning for the lot does not permit further subdivision, the easement may have no impact.

HOWEVER, from the appearance of this lot - and assuming the building envelope is within the dotted line that forms around the words "Lot 80" and further assuming that NOTHING can be built in the conservation easement area - there's likely some loss in its value since there appears to be insufficient room for traditional yard improvements, such as a pool, tennis court, patio deck, etc., directly above that area (in the vicinity of the 351.93' marking).

How much of a loss is subject to further analysis.

Aug 14, 2017 01:08 PM
Rainmaker
876,766
Corinne Guest, Managing Broker
Barrington Realty Company - Barrington, IL
The Choice of Professionals

I think it depends on lot size useage. I have 1/3rd of an acre in conservation and it does not de-value us at all, if anything it adds value because nothing can be built on it or behind us. If however 5 acres was need for horses, then it might. It might come down to taxation as well, people dont want a parcel with taxes that they cannot use. Too many variables.

Aug 14, 2017 12:24 PM
Rainmaker
330,096
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not familiar with that topic John

Aug 15, 2017 07:03 AM
Ambassador
3,065,064
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It does lower it for me, but for some this may be a positive.

The one thing for sure, your pool of buyers is likely to be smaller with the easement.

What is the purpose for this easement?

Aug 14, 2017 07:54 PM
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

According to the map it can affect value in a large way as the buyer could not use his/her own lot the way they want 

Aug 14, 2017 02:38 PM
Rainmaker
2,242,588
Richard Weeks
Dallas, TX
REALTOR®, Broker

Based on your sketch and information provided I would say no.

Aug 14, 2017 12:53 PM
Ambassador
1,829,665
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      We have Lake Protection zoning where 50% of the land can't be touched.  It devalues it if you are a developer trying to fit as many units as possible onto the property.

     Also - if a sizable portion of "your" land cannot be developed, you may want your attorney to present a case to the Property Appraiser or VAB for lowering your assessed value.

Aug 14, 2017 12:37 PM
Ambassador
2,193,837
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

It absolutely doesn't de-value the property! 

In fact, I purchased a lot with a conservation easement and the enjoyment that we have, living right in the heart of the city, watching the wildlife in our own backyard is priceless! 

Aug 14, 2017 08:00 PM
Rainmaker
2,345,172
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

It is up to the prospective buyer. Some love or some don't

Aug 14, 2017 06:55 PM
Ambassador
3,323,169
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It looks like that would enhance the desirabilty of the property and bring a higher price.

Aug 14, 2017 05:40 PM
Rainmaker
3,175,790
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I think Barbara Todaro has a very good answer for your question.

Aug 14, 2017 05:20 PM
Rainmaker
1,288,025
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

I would say in this case yes as it definately effects the placement/use on the lot. In fact, it's a giant hunk of the lot!

It's a bonus as no one would ever be behind you obviously & would have to do the same conservancy as a forest preserve would. Might even effect trees/plantings.

Aug 14, 2017 03:49 PM
Ambassador
2,593,544
Anna Banana Kruchten CRS,CRB
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana of Real Estate!

Personally I would think that is a bonus to live next to a conservatory and close to hiking trails.

Aug 14, 2017 02:21 PM
Rainmaker
224,254
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

This could result in an increase in value.  In our state, there could also be a cost savings in property taxes.

Aug 14, 2017 01:53 PM
Rainmaker
3,388,562
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

It does not devaluate the property.  However, in the minds of some it may limit the number of homes that can be built, if that is how they are looking at it. A

Aug 14, 2017 01:00 PM
Rainmaker
1,389,553
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I don't think it devalues property at all. 

Aug 16, 2017 08:05 PM
Rainer
159,803
Caroline Gerardo
Eagle Home Mortgage, LENNAR HOMES Home Loans - Newport Beach, CA
C. G. Barbeau the Loan Lady

 Value is in the eye of the beholder. Conservation easements run with the land forever. Landowner has tax advantages. Allows for wildlife habitat, wetlands and recreational opportunity for hikers. Owner may not like hikers coming through but may enjoy seeing  blue jays, foxes, and native plants. Looks like some nice Ponderosa pines, red willow, oak and chapparal which allow beautiful views and a lifestyle in nature. I would personally love to be next to this open space.

As to this lot the shape is a bit strange being a circle with entrance/egress access from Centenial I can't tell how wide the entrance road will allow. Access appears to go through the creek bed - so either build a small wooden bridge or have 4 wheel drive for the few days a year it runs. Buildable/ usable Lot is about 7000 square feet? (guess) ?

Aug 15, 2017 02:33 PM
Rainmaker
441,897
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Unless the public can use it, it's just nice open space on your property and property taxes for it should be lower.

Aug 15, 2017 02:05 PM
Rainmaker
959,434
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It really depends on the desireability of the area.  Out in Malibu some of the private beaches behind people's houses are being swallowed up by conservation agencies and opened to the public.  That's definitely killed the value.  I'd say that anytime a restriction is placed on land that prevents the full enjoyment by the owner that it decreases the value.

Aug 15, 2017 09:17 AM
Rainmaker
2,423,190
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

Lots of great comments here from people who know better than me. My response would be ... it depends ... many variables that could increase the value, make no difference or decrease value ... and it depends on a buyers use of the land. 

Aug 15, 2017 08:27 AM
Rainmaker
474,186
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

I don't think it would matter much because there's plenty of room to build without encroaching on the protected space. There may even be government funds (shudder) to help improve the conservation area.

Aug 15, 2017 07:08 AM
Rainmaker
1,393,697
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

That depends on what value the owner of the parcel puts on not being able to develop it, or if the owner appreciates open spaces and wildlife. I would select the latter.

Aug 15, 2017 06:09 AM
Rainmaker
3,892,121
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, it will decrease the value because there's less usable land for the owner.

Aug 15, 2017 06:02 AM
Rainmaker
2,576,271
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Parked and reading...

Aug 15, 2017 05:23 AM
Rainmaker
3,676,561
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree with Ken,

Aug 15, 2017 02:53 AM
Ambassador
3,576,235
Praful Thakkar
eXp Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

John Mosier - as always, great answer from Kenneth J. Jones, Director.

Aug 14, 2017 10:26 PM
Rainmaker
3,302,875
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not neccessarily

Aug 14, 2017 06:11 PM
Rainmaker
1,273,777
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

John Mosier In this case I don't believe it would decrease the value since the useable area is still larger than other lots in the subdivision. This could be an added plus in value. It may be a perk since there probably would be no further development within the conservation easement.

Aug 14, 2017 02:48 PM
Rainmaker
605,739
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not really. many people around here like conservation easements. Privacy, wildlife habitat, tax credits, protected from further development, etc.

Aug 14, 2017 02:01 PM
Ambassador
1,206,604
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I would like it.

Aug 14, 2017 01:42 PM
Rainmaker
2,071,833
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Hard to say without knowing the area. I've seen it be a problem and I've seen it be an advantage.

Aug 14, 2017 01:19 PM
Rainmaker
2,181,702
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Restrictions can cut both ways. You'll find out when you go to inquire

Aug 14, 2017 01:12 PM
Rainmaker
778,734
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 That depends on the location. In San Mateo County, CA there was a rural triangular lot in default. The banks says no one seems to be interested if you get someone doing a BPO by a third party they will heavily discounted it.  For about .4 ac a 1500 sf SFH with a conservation easement or firelane in the back, the agent who always pays 50 cents on a dollar, I told her 520K is a realistic good point to approach the lender.  She offered 250K. The home was offered to another investor for $600K she turned around put it right on the market sold for $950K. Today with little improvements on it it will fetch about $1.3-1.4M. All happening in a few years.  So what is the impact of conservation I think it is more than excuse used by the buyers to get it for less. If it is up in Sierra I do think anyone cares or wanted it.

Aug 14, 2017 12:57 PM
Rainmaker
4,230,751
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Many would love this easement. Others will want to look at any use restrictions. You did not mention if a septic tank field will be needed.

Aug 14, 2017 12:37 PM