Zero-Lot-Line vs Non-Zero-Lot-Line pricing

[rwsuminski]

Thank you all for your valued input ... much appreciated.

 

[Mark K]

All things equal, zero-lot-line homes are cheaper to build than a free-standing home. In this area I see this difference carried forward in future resale.

We have a couple of neighborhoods with mixed free-standing and zero-lot-line (or patio homes) and the freestanding always sell for about 10% +/- more.

 

[Joe Flacco]

I don't know what zero-lot-line house actually is but you can see the difference in townhouses. Those townhouses with built-in garage and no back yard sell for a lot less than those townhouses with small back yards. Those townhouses with built-in garage and no yard are kind of like "zero-lot-line".

 

[glenn walker]

1- Located in Oregon in a planned unit development established in 1977. There are common areas and HOA dues of $150/yr for common areas only.
2 - My house is essentially half of a single story duplex, each having its own front, side and rear yard (picture attached).

I think your answer about not wanting to use detached homes comps is straight and to the point. There are recent condo comps that I can use as well, however those properties do note have private yard ownership like mine, they only have common area usage around the property.

At this point I would pay for an-appraisal and see what he/she arrives at and what they used for comparables. In my area it would sell for significantly less than a single detached home. Buyer motivation and response for attached homes, condos and things located in Planned unit developments also change the dynamics, so when listed for sale unless there is a price benefit why would a buyer want to have a neighbor and a shared driveway ? Now go back in be honest with yourself why did you purchase it ? Was it significantly lower in price "V" a detached single family home ? Not too many people want shared walls and neighbors unless its because they cannot afford a regular house. Anyway at this junture everything is just pure speculation- Talk to some local Realtors and see what their opinions are and consider getting your own appraiser. Good Luck

 

[Terrel L. Shields]

This is zero lot line...a duplex with separate lots. Locally called a "patio" home.

 

[CindyR]

i would never consider an attached residence with a shared wall to be a zero lot line property. this is zero lot line in my area. they are single family residences on very small lots and they are configured to reflect the minimal lot size. "The appraiser was unable to measure or observe the west side of the garage due to the zero lot line configuration.." The west side of the garage is in the neighbor's private fenced back yard.

Zero lot line is better than attached residences because you have no shared walls. But worse than regular single family because you can't walk all the way around your house.

 

[Denita Neuenhaus]

Wow! Those are tight CindyR. Our zero lot lines are different in that the SFR is placed on one lot line and all the rest of the space is between the house and the next house. You are right about access. Can't walk on the zero lot line side at all.

 

[TRESinc]

i would never consider an attached residence with a shared wall to be a zero lot line property. this is zero lot line in my area. they are single family residences on very small lots and they are configured to reflect the minimal lot size. "The appraiser was unable to measure or observe the west side of the garage due to the zero lot line configuration.." The west side of the garage is in the neighbor's private fenced back yard.

Zero lot line is better than attached residences because you have no shared walls. But worse than regular single family because you can't walk all the way around your house.

that's how it is here as well and i agree about their use as comps. for some of these i could stand between and stretch my arms out and touch both structures.

 

[Joe Flacco]

I'm confused because those properties look like they do have lot lines.