My wife and I are looking at a property that is quite literally next door to the town middle school, directly behind that is the elementary school. I am curious how this will affect value as we feel it's priced a little high to comparable properties.
I don't know whether this will deter buyers due to lack of privacy and the presence of wandering teenagers. (Meaning we could probably offer less) Or whether it will demand a premium from some family with kids in either of the schools and they'll get their high price.
We don't have kids but plan to within a year. So once our kids get old enough to attend school it would extremely convenient.
It's a pretty small, quiet town (population 4k people) so these aren't huge schools. I've scoped it out during pickup/drop off hours and it seem to be unaffected by school traffic since the next road over is the one that leads directly to the school entrance. And even at peak hours there isn't a standing line.
The house is in within 20 yards of the school, but its the back/side of the school. We understand the noise and foot traffic situation and don't mind.
I'm just curious to hear opinions from people with and without kids. Would you considering living this close to a school?
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source https://www.reddit.com/r/RealEstate/comments/1x8gp5p/would_you_consider_living_literally_next_door_to/
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