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NativeMasshole t1_j06ocdt wrote

Reply to comment by 4runnr in Paving Private Streets In Worcester May Get Easier Under New Law by albalfa

So does it reduce land value? Because otherwise you would be paying twice: once for the rights and once to be rid of them.

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4runnr t1_j06qtp4 wrote

It should yes but it all depends on what the buyer is willing to pay. Your responsibilities and risks as a owner of a private road should be explained to you by the people you hire to assist in buying a home; inspector, lawyer, and it may show on an appraisal under easements and adverse property features.

Two otherwise identical properties one on public access and the other private should value the former more as there are less risks.

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