Cell tower on property

[Vermonter]

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Try cutting one down and you'll find out the difference pretty quick

 

[Dublin ohio]

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We have those here also. One near me is actually in a public park

 

[mp2277]

How tall is the tower? Is it visible from the house? Does it obstruct views? How is it different from any other tall structure on the property? How is it different from a tall tree? The income derived may not be large, and how is it any different from the income derived for a farm deferral requirement? Its not like its a glowing tower of uranium. Its just there doing its thing. You do not need a CG for this.

I agree about the CG. However any income could affect value. I'm not concerned about the height and view so much as the contributory value and also what happens if/when the lease expires. Who is then responsible for the structure? Also are the RE taxes affected. Too many variables and I foresaw endless revision requests and figured the time spend wasn't worth the fee. This particular client is known for endless and sometimes nonsensical revision requests.

 

[J Grant]

Are you implying income = financial responsibility?

not at all - I was implying, in part sarcastically, that if the cell tower threw off substantial income, the property might not have become an REO.

 

[Sadie]

I agree about the CG. However any income could affect value. I'm not concerned about the height and view so much as the contributory value and also what happens if/when the lease expires. Who is then responsible for the structure? Also are the RE taxes affected. Too many variables and I foresaw endless revision requests and figured the time spend wasn't worth the fee. This particular client is known for endless and sometimes nonsensical revision requests.

The income derived is pretty minuscule.

 

[George Hatch]

Typical cell lease payment in a neighborhood type location in this region will usually pay between $1200-$2000 per month. More if the antenna is located in a dense urban location or is on a great hilltop, less if located out in the outlying areas.

 

[mp2277]

not at all - I was implying, in part sarcastically, that if the cell tower threw off substantial income, the property might not have become an REO.

Because lottery winners never go broke and Trump never bankrupted a casino LOL

 

[Sadie]

Because lottery winners never go broke and Trump never bankrupted a casino LOL

A cell tower on your property is not a huge money maker, or even a medium money maker. I am kind of surprised the HO said it paid his property taxes.

 

[Mark K]

A cell tower on your property is not a huge money maker, or even a medium money maker. I am kind of surprised the HO said it paid his property taxes.

Maybe not huge but the three that I've encountered threw off between $12,000 and $20,000/year. To me, that's enough to make a substantial difference.

ON one of them, the owner surveyed off the tower area and kept it for himself; sold the dwelling and the remaining land. He moved away and still the tower was paying him good $$, $1,500/month.

Same goes for billboards. Some small boards on the edge of a farm 20 miles out of town might pay only $200/month. Other, large monopoles near the metro area along the freeway pay MUCH more $$, 1,000's /month.

 

[Sadie]

Maybe not huge but the three that I've encountered threw off between $12,000 and $20,000/year. To me, that's enough to make a substantial difference.

ON one of them, the owner surveyed off the tower area and kept it for himself; sold the dwelling and the remaining land. He moved away and still the tower was paying him good $$, $1,500/month.

Same goes for billboards. Some small boards on the edge of a farm 20 miles out of town might pay only $200/month. Other, large monopoles near the metro area along the freeway pay MUCH more $$, 1,000's /month.

The ones I have encountered made much less than that.