Home > Blogs > Brandy Schuldt > Brandy Schuldt

I need opinions/thoughts re: how a gas station would effect property values

By Brandy Schuldt

Real Estate Agent with Coastal Properties Group International

June 07, 2007 02:53 PM

I Have a past client who is living in a newer subdivision in which one of the front entrance ways to the subdivision had not been built on yet. Well now the builder sold that land to the village who in turn sold it to a gentleman who plans on building a car wash/gas station there.

Some of the houses do back up to and face this open lot. Also, this subdivision is in a secluded area where 2 main roads cross. But it is a nice quiet area which is what attracted folks to the neighborhood.

So I would like opinions from you all ... will this effect their house values in this subdivision and if so how????

Posted by Brandy Schuldt EXIT Platinum Realty www.BrandySchuldt.com

Comments(5)

Comment

Show All Comments

Sort:

Stephanie Edwards-Musa

thredUP.com - The Woodlands, TX

knitwit at thred UP

just parking because have this situation with a listing right now....or possibly anyway. To be built gas station. Watching and learning. Thanks for posting this... :)

Jun 07, 2007 03:00 PM

Beth Bastian

Rosemont Financial Inc - Simi Valley, CA

Simi Valley Real Estate

Some lenders will not lend if a home is backing a gas station or industrial. So one problem you might come across is getting a loan. However this was a practice with the subprime lenders, so with a paper clients they should be fine.

Jun 07, 2007 03:23 PM

Todd Clark - Retired

eXp Realty LLC - Tigard, OR

Principle Broker Oregon

You may have insurance problems also. The safety issues that arrise when you are that close maybe an issue to an insurance company.

Jun 07, 2007 07:16 PM

Don Fabrizio-Garcia

Fab Real Estate - Danbury, CT

Owner/Broker/Trainer - Fab Real Estate

Those properties backing up to the gas station will definitely lose some value due to their location.

Those homeowners may want to get involved with the city planning board to learn more information and determine if this is something they should fight against.

Jun 08, 2007 01:55 AM

Vicki Watzlawick

CORE Realty (The Watz Team) - Algonquin, IL

Illinois Foreclosure Expert, The Watz Team

I agree with Don, these homes will no doubt lose value..why don't you go get their listings now..before it is built?

Jun 09, 2007 03:25 AM

I need opinions/thoughts re: how a gas station would effect property values

Comments(5)

Brandy Schuldt

Service Areas

Real Estate Resources

Recent Posts

Additional Information