[Lincolnparkdc] Fwd: Impact on Property Values

[Sharon Raimo]

This is an interesting take on the impact on our property values from Realator Chuck Burger

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Begin forwarded message:

From: John Hirschmann <hirschj154 at gmail.com>
Date: October 29, 2020 at 10:34:40 AM EDT
To: "Burger, Charles" <CBurger at cbmove.com>
Cc: Amy Knapp <amy at knappmarketing.net>, Sharon Raimo <SRaimo at stcoletta.org>
Subject: Re:  Impact on Property Values

 Chuck

Many thanks for sharing your knowledge and getting back to us so quickly. It’s much appreciated.

John

John F Hirschmann
hirschj154 at gmail.com
Sent from my iPad

On Oct 29, 2020, at 09:52, Burger, Charles <CBurger at cbmove.com> wrote:


There are two factors one the value of the features of the house and second its “sellability”. If you took the same house and moved it a block away in a “cleaner” setting 4-7% variance in market value would be reasonable and also more sellable thus the greater value

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________________________________
From: Amy Knapp <amy at knappmarketing.net>
Sent: Thursday, October 29, 2020 6:54:03 AM
To: John Hirschmann <hirschj154 at gmail.com>
Cc: Sharon and Bernard Raimo <sraimo at stcoletta.org>; Burger, Charles <CBurger at cbmove.com>
Subject: Re: Impact on Property Values

Adding chuck to this chain.  Chuck will you please weigh in on the below property value comment?
John - in general I think we have to come off as pro bike lane but anti pylon for so many reasons including visual pollution and bad urban design, includ8ng how unfriendly they are to the humans who would live in front of them day 8n and day out.

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On Oct 29, 2020, at 6:33 AM, John Hirschmann <hirschj154 at gmail.com<mailto:hirschj154 at gmail.com>> wrote:




I know both of you having been talking to realtors about the impact bike proposal. You’ve indicated they agree it would have a negative impact, but did not suggest an amount.

I’m trying to get a general feel and am thinking of suggesting $50K. I suspect those of us who get the pylons in front of our homes, lose the ability to unload groceries in front of our home and will regularly have to park farther from our homeS will feel it the most.

Does $50K seem reasonable to you?  It does not need to be precise. I’m just trying to get thru to some people who can’t comprehend why we‘re so concerned about this. Just don’t want to quote a totally irresponsible number.

John

John F Hirschmann
hirschj154 at gmail.com<mailto:hirschj154 at gmail.com>
Sent from my iPad

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