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How much does a Cell Tower effect property values?

Discussion in 'Ask an Appraiser' started by Keith Dasher, Jan 19, 2007.

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  1. Keith Dasher

    Keith Dasher New Member

    0
    Jan 19, 2007
    T-Mobile wants to build a 132 foot tall monopole cell tower about 350 feet from my back door. Our home is currently estimated to be valued at $600K. There will be a clear view of the tower from our back yard and from most of our development. We are preparing our arguments for the Zoning Hearing Board where T-Mobile is seeking a variance to build this in a residential development.

    What kind of impact can I expect this to have on our property value?
    Are there any studies or documentation available on this kind of impact?

    I appreciate any help you can provide!
     
  2. xmrdfghap

    xmrdfghap Senior Member

    0
    Jan 15, 2002
    Professional Status:
    General Public
    State:
    Florida
    Quite a bit.

    there are lots of uknowns here. Hire a competent appraiser to help you determine the "taking."
     
  3. Tina

    Tina Senior Member

    0
    May 31, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Keith,

    Use the search engine and search for "cell towers"....there is MUCH discussion...lots of material! :flowers:

    TB
     
  4. leelansford

    leelansford Elite Member

    24
    Mar 29, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Provide us with your location. Perhaps someone then can provide you with more specific asistance.
     
  5. erick anderson

    erick anderson Senior Member

    0
    Mar 29, 2006
    Professional Status:
    IT Professional-Appraisal Related
    State:
    Hawaii

    On the POSITIVE side, all residents in the vicinity of the tower will have great cell reception. I find this to be an advantage, and would pay EXTRA for it.
     
  6. Anthem

    Anthem Senior Member

    0
    Mar 10, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    Just an FYI a buddy of mine has a cell tower in his back yard, he gets upwards of $500 per month on a 20 year lease from the Cell company and two free phones for the life of the lease. I have a friend who works for a company that finds places to put there towers. If you are in an area that does not have a lot of options you can negotiate a sweet deal, if not you will end up getting less.

    Whether or not the waves are bad for your is still unknown.
     
  7. TEL2002

    TEL2002 Elite Member

    2
    Jan 16, 2002
    Professional Status:
    Retired Appraiser
    State:
    Louisiana
    It really all boils down to how buyers in your area view the impact of the towers. In some areas there may be no impact on value at all, while in other areas there is an impact. Your question requires a very local answer.

    My thinking is 350 feet beyond your property may not hurt your value very much. Are there any other buildings, trees, etc. between your property and the tower site?
     
  8. Smokey Bear

    Smokey Bear Elite Member

    0
    Dec 8, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Are they gonna decorate to look like a tree?
     
  9. erick anderson

    erick anderson Senior Member

    0
    Mar 29, 2006
    Professional Status:
    IT Professional-Appraisal Related
    State:
    Hawaii
    Another POSITIVE is that the neighborhood kids can spend endless hours climbing the tower for fun. In fact, I'd put a small doughboy pool under the tower, for diving practice.
     
  10. Joyce Potts

    Joyce Potts Elite Member

    5
    Feb 6, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Does it effect or affect property values?

    As a former Planning Board Member for Altamonte Springs, Florida, let me share what I would do in your situation.

    It would be great if you had market data that supported your position that cell phone or major power easements with towers had a negative impact on property values, but that's unlikely.

    In fact, I've personally run across data that supported both sides of the argument. Years ago, there was a published study that high powered tension wires were related to an increase in cancer. But that was countered later on, if I'm not mistaken.

    You might want to find an appraiser or Realtor who could give general testimony and not cite specifics. In other words....Mr/Madam Chairman, it's been my experience......."

    Or, Google it and find any research that may raise a health concern in any way, shape or form.

    Or take multiple photos of other towers and base your case on the 'unsightly' view.

    My recommendation would be to rally the neighbors. It's been my experience that if enough concerned neighbors show up to the meeting who voice opposition, chances are they'll either table it and wait for further research or just reject the motion in its entirety.

    But as we all know, politics is a powerful train. And money in the form of tax dollars or political contributions eventually trump, no pun intended.
     
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