Stripes and Boundaries on Real Estate

By
Real Estate Agent with Keller Williams Realty Louisville East (502) 664-7827

What is the connection between these pictures and real estate?

Not much really, except that these lines, boxes and boundaries are painted on real estate. It's a parking lot of a school in an established neighborhood where a one-third acre lot would sell for $100,000 if one ever came on the market.

So these lines are sitting on several millions of dollars of real estate.

And they do make some interesting patterns.

Stripes 1

And...

Stripes 2

Posted by

 

 

Dave Halpern, Realtor

The Dave Halpern Real Estate Group

Keller Williams Realty Louisville East

Website David.DavidHalpernRealtor.com

(502) 664-7827

 

 

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Rainmaker
3,983,365
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Well the lines are in stone but it shows that not everything is perfectly straight

Jun 18, 2017 09:42 AM #1
Rainmaker
2,559,196
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

It could be a testament to giving the job to the contractor with the lowest bid!

Jun 18, 2017 04:22 PM #2
Rainmaker
4,108,884
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dave, that is an interesting photo, and never thought of a parking lot being worth so much, but so true.

Jun 20, 2017 05:06 AM #3
Rainmaker
2,503,900
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Dave, interesting and never thought of this and agree that the lines are sitting on several millions of dollars of real estate.

 

Jun 24, 2017 06:39 AM #4
Rainmaker
5,428,227
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing your thoughts and your photographs.

Many schools occupy very valuable real estate. Some smart developers will figure how to combine school space and residential or commercial projects.

Jul 01, 2017 10:57 AM #5
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Interesting concept, Dave and I have to say that I noticed the parking lot painters are about as good as me at drawing a straight line!  LOL

And, yes, that's some valuable real estate those schools & their parking lots are on in our area too. I've always wondered why no one has thought of live/work/school concepts on some of this property like our live/work communities. Businesses and residents have co-habitated for years...why not add schools to the mix?!

Jul 01, 2017 06:39 PM #6
Rainmaker
628,230
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

Interesting way to look at it Dave. I've often driven by an older business and wondered how long they can stay in their location with the property values going up. When it comes to schools, they don't pay taxes and we need them in every community. I guess as taxpayers, we pay for the school parking lots and schools even when they sit on highly valuable lots.

Jul 16, 2017 07:13 AM #7
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