Skip to main content

Power line right of way- compensation

I’m working with a farmer neighbor hoping he will grant me right of way on his property so I can have overhead power lines installed to power my new construction home next door

The farmland is about 70 acres. Valued at approx $750,000. Vacant land with an outbuilding.

The right of way I need would be approx 30ft wide by about 400’ long through brush and some woods (would be cleared for electric poles to be installed and maintained by power co)

There’s approximately 1500’ or so of power lines already running through the property going to a couple other neighboring buildings and homes. I would just be looking to “build” a 400’ leg off existing lines

He’s a pretty fair guy. He’s asking if I have a compensation dollar amount in mind $$$

In no way would this impede his business, or privacy , or access to the property. Actually the right of way would run tight to the property line (in a no building “setback” zone anyway) I can’t see there being any real diminished value to the property.

I have no idea how much to offer…

Any suggestions? He would have to pay nothing obviously, nor would he need to upkeep the wires or even clear the vegetation around them. That being said I don’t want to lowball or offer some insultingly low amount. Help! Lol

submitted by /u/jkl123543
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/wb079e/power_line_right_of_way_compensation/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more