Nature of Acquisition: Horizontal bisection of 400 acres of agricultural land
Before Value of Property: $8,000/acre
After Value of Property: $6,000/acre
Conclusion: High Impact
Tip: When thinking about the effect of transmission lines on property values, always consider the value of the ENTIRE property before and after the acquisition.
Nature of the Acquisition: Partial bisection of 150 acres of development property
Before Value of the Property: $35,000/acre
After Value of the Property: $4,000/acre
Conclusion: High Impact. The highest and best use of the property changes.
Tip: Always ensure that you are valuing your property at its highest and best use–the use at which your property returns the most value.
Nature of the Acquisition: Transmission line abuts residence.
Before Value of Home: $150,000
After Value of Home: $40,000
Conclusion: High Impact. Residence loses significant value
Nature of the Acquisition: Powerline runs along the property line
Before Value of the Property: $8,000/acre
After Value of the Property: $7,000/acre
Conclusion: Moderate Impact.
Nature of Acquisition: No acquisition. Transmission line is adjacent to property and close to residence.
Before Value of Home: $165,000
After Value of Home: $78,000
Conclusion: High Impact BUT NO COMPENSATION.
Tip: Before attempting to move the transmission line off of your property, remember that you run the risk of suffering many of the same economic impacts without any of the compensation. A transmission line is NOT obligated to pay you if the acquisition is off the property.
Sever Storey is not paid by the hour. We are paid on a contingency fee. This means that we are ONLY paid if you receive more money than you were initially offered. We only take a fee on the money we ADD to your case.
If you have any questions regarding your Wind Catcher transmission line easement, please contact us for a free review. We will gladly examine any offer made by Wind Catcher for free and give our unbiased opinion. If you have any questions or would like a free case analysis, call George Padgitt at any time at 614-360-2818 or contact him by email at george@landownerattorneys.com.
What are the unique issues that face commercial property owners in condemnation that can make all the difference?
LEARN MORELandowners forget this one thing when dealing with utility companies that want an easement across their land.
LEARN MOREWhat you need to know to be treated fairly by the condemning authority.
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