CONSIDERABLE
PROPERTY LOSS 2% - 5%
Local Road-Your
property is greatly affected by its connection to Racebrook Rd.
Traffic delays and safety concerns are a harsh reality today.
Multiply today's traffic by three or four times and your way of
life is changed for the worse. Connecting to Racebrook Rd. is
nearly a necessary for your neighborhood. Few families would
want to risk life or limb every time leave their street. This
reflects poorly on the value of your home. Of course the
increased noise level and pollution is also a negative. Your
road, by itself, is more protected from traffic then a collector
or arterial road however your property is not protected from
Retail Sprawl . Remember your
property value is appraised by prices of other houses in your
area. Appraisers look for three to four comparable homes that
sold in recent months. It is not likely that on a street your
size, within that time period, three to four comparable homes
can be found. Appraisers, much to the frustration of the
property owner, look to different streets, busy streets, lower
property value streets. In turn you receive a lower appraisal.
This affects your ability to fairly price your home, ask for a
second mortgage or receive an equity loan. Even a 3% loss of a
$350,000 house is $10,500. 5% Loss is $17,500. Is it worth it?
Did you here about the over 100 Acres of
retail proposed in addition to Stew Leonard's
Loss From
Retail Sprawl
-
Decreased Safety-
Living near a busy street reflect on your property. Your home
becomes less attractive and therefore less valuable. Having to
risk an accident every time you enter or leave your street to
connect to a dangerous congested Racebrook road is probably
the biggest negative.
-
Increased
Pollution - Exhaust fumes from thousands of additional cars
not to mention all the garbage thrown out, greatly reduces the
appeal of your town in general and therefore price of your
home. Noise from a congested streets unfortunately carries
through nearby neighborhoods.
-
Taxes- With all of
the major devaluations in the town in general the tax base
will suffer causing the mill rates to rise. Plus the drain and
added costs of police and road "improvements" also boosts
taxes. This by far exceeds any benefit from Stew Leonard's.
-
Driving Delays- No
one likes to sit in traffic or drive bumper to bumper.
Cut-through traffic will increase as frustrated drivers seek
alternate routes through your neighborhood. Waiting at traffic
signals is bad enough already. What's going to happen when
traffic doubles or triples.
Facts and figures for this
entire site were compiled and extrapolated from various sources
including The Orange Plan Of Conservation and Development, DLS
Traffic Study sponsored by the Town, various traffic calming
studies, engineering experts, websites and newspaper articles.
All facts and figures are thought to be accurate, however no
representation herein is made of their accuracy.
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