Could someone assist me with a real estate question (Sorry if this is the wrong forum for this question)

[SarcasticSatyr]

I recently received a letter asking if I would be interested in vacating a portion of a street that lays between our two properties. Doing so would split the 50 foot easement between us adding 25 feet in depth to each property. What are the implications of this?

Currently there is no access to this side of the property, but my worry is that this will hurt the value if some future owner wishes to break the lots in half, because the rear portion will have no access.

I'm sorry if this comes off as a little confusing, thank you for any assistance or incite you have. If you need more information please ask ... thanks again.

[Ocelot II]

1. You should probably check with a real estate lawyer in your city for an answer.

This stuff gets complicated and depends a lot on state and local laws.

[eallen]

2. Back alleys are useful

You might want to put a garage back there.

Does the city currently maintain the street? Who uses it? For what? If the street becomes partly your property, will you pay more tax?

Too many variables for a simple answer. Yeah, an experience real estate agent who knows the area would have some relevant views.

[SarcasticSatyr]

5. Just to add some information . . .

Currently there is no street there, it is undeveloped, the street terminates about 1 block from my property. However, this does not preclude the city from extending the road as the area develops and more houses eventually get built.

[LuvLoogie]

3. Not that I have any idea what I'm talking about, but

Ask whether you are grandfathered in on any zoning advantage/autonomy. Ask if any change subjects you to newer ordinances, which may lessen your control/rights on your property.

[Submariner]

4. Make sure the RE agent is a local Democrat

not a shady TSF following fascist maganazi, who might contact your solicitor for an inside information payoff to screw you.

My apology for sounding coarse. I just don't trust anyone anymore.

[SarcasticSatyr]

6. Sadly, I live in Florida . . .

all the local real estate agents are fascist, greedy assholes.

[Deuxcents]

7. I'd get out my deed and have an attorney or a title company look at it and the request.

Someone wants it for something and not knowing or thinking it’s not being used so what to do, I would get advice and sit on it for a while. Is this parcel included in your strap number/ property ID? Be careful with real estate in Florida…people come from all over with schemes and scams

[SarcasticSatyr]

8. I certainly don't intend on rushing into any decision . . . .

I've lived on this property since 1964 (I was one year old when my parents bought it and built a house)

[58Sunliner]

9. The easement is a street on the city plot map?

Talk to zoning, and a lawyer if you can't figure out the implications for this. It sounds like the neighbor wants to add to their lot, which may be substandard, with the goal of splitting the lot and/or building another house on the rear of the property. Is the easement impassable and not maintained by the city/county?

[SarcasticSatyr]

10. sorry it took so long to respond to your question ..

correct , the easement is unpassable (by car anyway, you can walk through it if you're careful) and it is not maintained.