Are flag lots less valuable?
Of course, there are benefits to flag lots as well. They are cheaper than most subdivided lots. There is much less traffic noise, more nature and usually fewer design restrictions if you want to build that solar or wind-turbine powered house you always dreamed of.
What does it mean when a lot is flagged?
The Bad. If you’ve ever wondered “what is a flag lot?,” we’ve got the answer for you here. A flag lot is a real estate term that describes a land parcel that lies at the end of a long driveway. A flag lot may lie behind residences, buildings, or open land, and it is usually not visible from a road.
What is the front yard of a flag lot?
Front Yard. An area extending across the full width of the lot between the front lot line and the required setback. 2.
What does a flag lot look like?
Editors’ Reply: A flag lot is an irregularly shaped building lot or parcel that has a very limited amount of street or road frontage. The part nearest the street, typically used as a driveway, is skinny like the flag pole.
Are corner lots harder to sell?
They are harder to sell. Most realtors will tell you that corner lots are tougher to sell.
Are corner lots more desirable?
Corner lots typically offer more property and better views, and with this extra space comes the potential for some beautiful corner house designs. Typically, corner lot house plans come with side entry garages.
Does it cost more to live in a cul de sac?
Homes on cul-de-sacs can command as much as 20% more than houses on regular streets, so think about whether it’s worth paying that premium before putting in an offer.
What is a flag pole lot?
Flag lots are so named because of the long, slender strips of land resembling flag poles that extend from the typically rectangular main sections of these lots — or the “flags” — out to the street. Each “flag pole” typically provides just enough frontage for vehicle access and is often shared by several neighbors.
What is a yard requirement?
More Definitions of REQUIRED YARD REQUIRED YARD means the minimum yard or setback required between a lot line and a building line in order to comply with the regulations of the district in which the lot is located. Sample 1.
What is a flag lot in real estate terms?
Flag Lot describes the shape of a certain type of lot, where the access to the road is provided along the long narrow “flag pole,” and the shape of the lot is rectangular, as a flag. Sometimes when a broker has difficulty locating a property, it can be because it is on a flag lot.
Why are corner lots bad?
With a corner lot, there’s traffic running on two sides, which can lead to more noise, lights at night, and less privacy. If the lot happens to be in a quiet neighborhood, this may not be such a big deal. But if the home is built on a busy intersection, you’ve got a lot more noise and light on your hands.
Why are corner properties worth more?
The properties usually offer more sunlight, better space, and a spot at the nexus of the neighborhood for those willing to endure the extra landscaping and snow-clearing burdens they can bring.
What is a flagflag lot?
Flag lots are so named because of the long, slender strips of land resembling flag poles that extend from the typically rectangular main sections of these lots — or the “flags” — out to the street. Each “flag pole” typically provides just enough frontage for vehicle access and is often shared by several neighbors.
How do you decorate a driveway for landscaping?
Ideas for accenting a driveway with decorative borders, bands and aprons made of flagstone, pavers, or brick. Important considerations when selecting landscape plants for bordering a driveway, including pedestrian and vehicle access, overhang, and climate.
Each “flag pole” typically provides just enough frontage for vehicle access and is often shared by several neighbors. The City of Austin adopted a new ordinance related to flag lots in May of 2012. The constant development pressures on the urban core of Austin make flag lots a practical alternative to conventional lots.
What should I consider when buying a flag lot?
If you’re thinking about buying a flag lot, make sure to consider the pros and cons that come with it. Remember: flag lots come with privacy – but aren’t always easy to access from a road. Make sure to find out if restrictions apply in your area before making a purchase.