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

[Zigner]

The site and plan is exclusively set up by design to be exclusveily affordable housing (rentals) for seniors 62 and above. I don't believe they could come back and get around that plan.And yes, 45 is right in the middle, but that doesn't make it acceptable. We're still looking at 45 units, 90 seniors parking for up to 70 cars and more than 18 units per acre. This project will be jammed in.

You are assuming that every unit will be occupied by a couple and that each couple will have >1 car (and that none will have 0 cars).

 

[RG and HV]

Yes, I am making those assumptions. It's routine when planning to anticipate what the "maximum/worst case" outcome/results would be and to plan accordingly.

 

[xylene]

The vacant lot is owned by the Medfield Housing Authority and they have planned on this project since the 1970s.

Umm, in this age it is incredibly easy to research land ownership.

One could easily expect vacant land LITERALLY owned by a public housing authority to one day be put to use as such..

Not to mention the plan is decades old and openly know to the public...

 

[xylene]

Imagine how you might feel in such a situation.

I'd say "honey, when our lease renewal come up, maybe we can move?"

Because home ownership is stupid.

 

[RG and HV]

Didn't seem stupid after WW2 when we made low cost housing available to our GIs and started building the suburbs and the middle class. You remember the middle class, right?

 

[Taxing Matters]

And if they should have been notified but weren't, I'd say that's a big problem.

Your state doesn't require the seller notify the buyer of it. But if it did, that would not help the buyer or your neighborhood group in preventing the government from building the housing. All it would do is give a claim for the buyer to sue the seller for the failure to disclose for whatever damages the buyer suffered as a result. That's it. It has no impact on the government as it was not a party to the sale.