what can i do w/ 1/4 acre
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Originally Posted by Nightshade
Subdividing like that makes it two tax lots.
You have to get a lawyer and file papers, pay fees, get a new tax assessment.
Then you have to get permits for the new building, permits for the tap in on the sewer and water, then get the building plans approved by the county.....then a new tax assessment on both properties again.
Not cheap but it is doable.
You have to get a lawyer and file papers, pay fees, get a new tax assessment.
Then you have to get permits for the new building, permits for the tap in on the sewer and water, then get the building plans approved by the county.....then a new tax assessment on both properties again.
Not cheap but it is doable.
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From: Location Location
it would cause a huge headache but being as how you are in CA and for that area if you can get it approved then do it.
you can be a slumlord :exnbp:
you can be a slumlord :exnbp:
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Originally Posted by WiLL
...I really wanna get out and shoot people.
un-Touch'd krew
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From: My own level of hell
Originally Posted by sinthetiq
what do you suggest?
Or you could go through with your original plan.
Personally I would do a nice addition to the house, put up a nice fence, hit up the landscaping and bring the poperty value of both your house and your neighbors houses up....equity is teh r0x0r and its a lot cheaper in the end
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Originally Posted by DakarM
it would cause a huge headache but being as how you are in CA and for that area if you can get it approved then do it.
you can be a slumlord :exnbp:
you can be a slumlord :exnbp:
im sure the city council doesnt care and will approve permits/rezone
mmmmmmm....dunno what to do
if i were to sell the property... say it sells for 200k, and i dont plan on reinvesting the $, what would the taxpenalty be. im not sure, but i heard that if it was under a certain amount, there would be less than the usual (whatever that is)
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From: Location Location
that's essentially what my friends dad did 
bought an old run down house on 1/2 acre. tore everything down except the chimney. after the inspector came he tore that down too. the advantage is that the new house gets taxed on improvements only and not the whole property value (land + improvements).
bought an old run down house on 1/2 acre. tore everything down except the chimney. after the inspector came he tore that down too. the advantage is that the new house gets taxed on improvements only and not the whole property value (land + improvements).
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Originally Posted by WiLL
...I really wanna get out and shoot people.
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Originally Posted by Nightshade
Well one thing you could do is do the division of the property with an easement for a driveway then sell the lot off.
Or you could go through with your original plan.
Personally I would do a nice addition to the house, put up a nice fence, hit up the landscaping and bring the poperty value of both your house and your neighbors houses up....equity is teh r0x0r and its a lot cheaper in the end
Or you could go through with your original plan.
Personally I would do a nice addition to the house, put up a nice fence, hit up the landscaping and bring the poperty value of both your house and your neighbors houses up....equity is teh r0x0r and its a lot cheaper in the end
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Originally Posted by Nightshade
Well one thing you could do is do the division of the property with an easement for a driveway then sell the lot off.
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From: My own level of hell
Originally Posted by sinthetiq
do you mean sell it after making an easement and rezoning?
Once it is rezoned and partitioned and assessed for taxes it is its own property and can be sold, otherwise you now own two pieces of 1/8 acre properties which are adjoining but seperate.
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Originally Posted by Nightshade
Yep
Once it is rezoned and partitioned and assessed for taxes it is its own property and can be sold, otherwise you now own two pieces of 1/8 acre properties which are adjoining but seperate.
Once it is rezoned and partitioned and assessed for taxes it is its own property and can be sold, otherwise you now own two pieces of 1/8 acre properties which are adjoining but seperate.