What is a realtor required to disclose regarding an undeveloped lot next to a home?

[Just Blue]

Then there was enough public knowledge that the buyer could have found out about it with a little research.



That's may not be entirely true. Here's a 40B project in Medfield that was rejected in 2017 for a variety of reasons:

http://www.hometownweekly.net/medfield/medfield-meadows-40b-proposal-denied/



NIMBY - Good guess.

NIMBY?

 

[Zigner]

NIMBY?

Not In My Back Yard.

 

[quincy]

RG and HV, you might want to read Virginia Lee Burton’s 1942 book called “The Little House,” about a small house in a burgeoning city - or pick up a copy of Pixar’s “UP.”

Although “UP” does not offer much of a solution to your problem , “The Little House” might be something to consider in the future.

I know two people who had houses moved from their original locations to land they purchased.

 

[Taxing Matters]

Thanks again. This is in Medfield. The vacant lot is owned by the Medfield Housing Authority and they have planned on this project since the 1970s. We are now staring down the proposed 40B apartment building on this lot and evidently, have zero ability to stop it. 40B trumps local zoning and there seems nothing that a resident and taxpayer can do to stop it.

When you buy property you have to understand that the neighbors may do anything to their property that is not prohibited by law. And when that property is owned by the government, you have to assume that some public use will be made of that property at some point. Too many buyers look at a neighborhood as it is now and assume it will always remain pretty much the same, and that's a mistake. Areas can, and do, change, sometimes very dramatically in a short period of time.

 

[quincy]

I know when we were looking at houses, one we considered briefly was in a semi-rural area located next to a golf course - but the golf course had a “SOLD” sign. A little investigation showed the reason behind the homeowners’ desire to sell their house. The golf course had been sold to Meijers, a retail giant in Michigan.

 

[cbg]

I would think they would have to be notified of this "defect".

And how do you know that they were not?

 

[RG and HV]

Have you seen a picture of the building? Many new, low income housing is rather attractive. Or is it that you object to the people that will be living in the housing?

Yes I have. Here it is: https://www.google.com/search?q=rosebay+medfield&sa=N&biw=1280&bih=652&sxsrf=ACYBGNTTERakuPXqBny50VueL2vvpKQBxA:1575577062739&tbm=isch&source=iu&ictx=1&fir=0qwEBGEUtJ4CIM%3A%2CcgG4ObIQ8leLfM%2C_&vet=1&usg=AI4_-kSims9Hd0iUREb0JU2rI_1oyh8IFg&ved=2ahUKEwin3I_5qZ_mAhXpRt8KHSY_Bsw4ChD1ATAIegQIBxAM#imgrc=0qwEBGEUtJ4CIM:&vet=1

This is 45 units, three stories on 2.4 acres!

 

[quincy]

It looks awfully large for the acreage - but it is fairly attractive.

 

[RG and HV]

NIMBY?

Then there was enough public knowledge that the buyer could have found out about it with a little research.



That's may not be entirely true. Here's a 40B project in Medfield that was rejected in 2017 for a variety of reasons:

http://www.hometownweekly.net/medfield/medfield-meadows-40b-proposal-denied/



NIMBY - Good guess.

Yes, but that project returned as a smaller, Local Initiative Project.

 

[RG and HV]

It looks awfully large for the acreage - but it is fairly attractive.

That's the main problem. It is simply way too large.

 

[quincy]

It appears you purchased the house in an area of growth, though - which could be good from an investment perspective.

And the option of moving the house is there in the future, if you want to save the house but capitalize on the lot it sits on.

 

[RG and HV]

The "NIMBY" comments always seem to come from folks that would not be affected by such a development. Our neighborhood is not expendable and I do not appreciate the town and state throwing us under the bus to protect other parts of town.

 

[RG and HV]

Have you seen a picture of the building? Many new, low income housing is rather attractive. Or is it that you object to the people that will be living in the housing?

I object to the building.

 

[Ohiogal]

The "NIMBY" comments always seem to come from folks that would not be affected by such a development. Our neighborhood is not expendable and I do not appreciate the town and state throwing us under the bus to protect other parts of town.

They aren't throwing you under the bus.They are utilizing their own property.

 

[RG and HV]

It appears you purchased the house in an area of growth, though - which could be good from an investment perspective.

And the option of moving the house is there in the future, if you want to save the house but capitalize on the lot it sits on.

What is an "area of growth"? This is a residential street. The 2.4 acre plot

They aren't throwing you under the bus.They are utilizing their own property.

You're wrong. They've litererally said they need this project on this site to protect other parts of town. Imagine how you might feel in such a situation.