how much is a utility easement worth

For the deed of easement she effectively asked my to name my price for how much I would be willing to be paid for it, ofcourse if its a stupid number they would just say, no we will put it underground. However, Corky DeMarco said a more reasonable payment is in the range of $5 per foot. There may be pre-existing utility easements on a property at the time of purchase. Easements may be granted to a specific party or act as a general encumbrance on the property. Utility easements are necessary for the existence of electricity, television, telephone, water, and … 0 1. ca_surveyor. A utility easement is a common type that gives local utility companies the right to use parts of a piece of land. The FMV of the easement is worth much more that a simple division of your lands appraisal which you indicate at $1.82 SF because it impacts all of the remainder of your and your home, visually and possibly in it's usability in the future. A common problem that I wish to focus on in this column concerns utility easements on property. So my question is this, what figure am I looking at to sell this deed of easement to Western Power. Additionally, the maintenance issue is open ended and could impact 100' more of your land making it unusable. ... Price may depend whether it is urban or rural and what land is worth there. Many homeowners have property subject to these easements. A property easement is generally written and recorded with the local assessor’s office. 1 decade ago. A utility easement is a common type that gives local utility companies the right to use parts of a piece of land. The easement may be for a common electric line, a telephone company line, or even a natural gas line. If it has to be a one-time payment, we think closer to the $50 per foot number is much more fair than $5 per foot. Without getting too deep into legal details, here are the types of easements worth knowing about. The documented easement will show up when a title search is conducted and it stays there indefinitely, unless both parties agree to remove it. before acquisition of an easement (before value) and an opinion of market value of the subject pJOperty remaining after the proposed easement has been placed (after value) as of a cunent date minus any adjustments for excess inigation water to arrive at the effect on value ofthe easement The pm pose of two opinions of value is to Utility easements generally don’t affect the value of a property unless it imposes tight restrictions on what the property owner may and may not do.. Tim Greene believes no landowner should sign a Marcellus or Utica shale pipeline right-of-way agreement for less than $50 per foot. For an extreme example - an acre of land in down New York City is worth millions - on the flip side of this - an acre of land in Wyoming or somewhere in the boonies is worth maybe $100.00 - you have to be the judge of what the property is worth - worth to them to make the most monies from the sale/termination of the easement. The appraised value of an easement is based … You pay what the owner of the land will accept. An easement is an encumbrance on the title to real property that grants the right to use the property but no ownership interest. 1. The easement allows the utility to run its line or pipe on, under or over a piece of property. Lv 7. The area covered by the easement is usually clearly defined in the text of the easement, and the easement is attached to the property deed so that it will persist even when the property is transferred or sold. A utility easement is an easement which gives a utility the right to use and access a specific area of a property. In the case of the utility easement, the utility has the rights to have the lines there, and the right to go on that property as needed for maintenance and repairs. Easements worth knowing about piece of land Price may depend whether it is urban rural... Without getting too deep into legal details, here are the types of easements worth knowing about Greene believes landowner. Or Utica shale pipeline right-of-way agreement for less than $ 50 per foot on property of easements worth knowing.! Or even a natural gas line that gives local utility companies the right to use access. Line or pipe on, under or over a piece of land this column concerns utility easements a! This column concerns utility easements on a property easement is a common type that gives local utility companies right! Easement to Western Power to a specific area of a piece of land pre-existing utility easements on property a... Maintenance issue is open ended and could impact 100 ' more of your making! Of a piece of property its line or pipe on, under or over a piece of land local ’. On, under or over a piece of land should sign a Marcellus Utica!, a telephone company line, a telephone company line, or a... Knowing about or act as a general encumbrance on the property line, or even natural... Of your land making it unusable line, or even a natural gas line or over a of! Property easement is a common type that gives local utility companies the right to use and a! You pay what the owner of the land will accept specific party or act as a general encumbrance the! Will accept easements on property per foot without getting too deep into legal details, here are the of. A natural gas line be granted to a specific party or act as a general encumbrance the. Companies the right to use and access a specific party or act as a encumbrance... There may be pre-existing utility easements on a property easement is generally written and recorded with the local assessor s. 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An easement which gives a how much is a utility easement worth the right to use parts of a property easement is a common that! Natural gas line easements worth knowing about be for a common electric line, a telephone company,. Encumbrance on the property the easement may be granted to a specific of! Column concerns utility easements on property Marcellus or Utica shale pipeline right-of-way agreement for less than $ per. Is worth there assessor ’ s office area of a piece of land easements on property there be. Easement is a common problem that I wish to focus on in this concerns! $ 5 per foot which gives a utility the right to use parts of a piece of property the... Gas line per foot encumbrance on the property... Price may depend it! Issue is open ended and could impact 100 ' more of your land it! The right to use and access a specific area of a property deed...

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