leasedfee
Member
- Joined
- Oct 14, 2007
- Professional Status
- Certified General Appraiser
- State
- Colorado
An easement is not an easement is not an easement. Value is greatly impacted by scope, scale, language, rights, and dominance. Micro-location of the easement and its impact on the H&BU of the servient estate (i.e., the property granting and being encumbered by the easement) is critical.
Sometimes between friendly neighbors, an easement may be granted for a case of beer and a steak for a minor shed encroachment or sewer adjustment in a suburban backyard. The impact on H&BU may be little to none as the perimeter's edge is already encumbered by local lateral utility easements.
Nacho, this example may be what you're looking for: A Drainage Easement for storm water improvements granted in perpetuity in August 2003 to developer for $28,890, or $44/linear foot, or $2.93/sf. Easement is essentially 15’ wide and 660' long next to and parallel with a collector street. The dominant estate was to benefit a smallish SFR residential infill development parcel in a mature suburbs neighborhood. The servient estate was 21 acres. The servient estate was improved with a tired SFR with the potential for 114 SFR and duplex units (5.3 units/acre) -- IF they could manage to get sewer and storm drainage easements themselves. The collector street would likely need to be expanded for this to happen along and maybe into this easement.
Sometimes between friendly neighbors, an easement may be granted for a case of beer and a steak for a minor shed encroachment or sewer adjustment in a suburban backyard. The impact on H&BU may be little to none as the perimeter's edge is already encumbered by local lateral utility easements.
Nacho, this example may be what you're looking for: A Drainage Easement for storm water improvements granted in perpetuity in August 2003 to developer for $28,890, or $44/linear foot, or $2.93/sf. Easement is essentially 15’ wide and 660' long next to and parallel with a collector street. The dominant estate was to benefit a smallish SFR residential infill development parcel in a mature suburbs neighborhood. The servient estate was 21 acres. The servient estate was improved with a tired SFR with the potential for 114 SFR and duplex units (5.3 units/acre) -- IF they could manage to get sewer and storm drainage easements themselves. The collector street would likely need to be expanded for this to happen along and maybe into this easement.
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