blanket easement advice

[surveyor]

more easements

In all easements, the primary beneficiary (the City of Escondido) would have to issue a quitclaim deed in order to vacate the easement. The application process may take a month to three months.

I’m pretty sure the easement is not part of the San Diego Aqueduct. The easement in question is only 10 to 20 feet wide. The Aqueduct’s right of way is more than 50 feet wide.

[scott]

Thanks for all your advice. The new info I got from the city has made me less paranoid about the easement. I don’t see it ever being used, and the engineering department said I could group together with the owners of the other affected lots and split the cost to investigate and locate/vacate the easement on all the lots at once. If worse comes to worst, I understand the legality of the easement is also in question due to it not having a specified location.
It has been tough being a pigg and still going through with this, but I think the numbers make sense. Now that it’s coming down to the wire, I’m interested in your points of view.
Numbers (obviously) changed to protect what anonymity I have left but the ratios should all be the same:

Purchase Price: $100,000
Next door rental w/ similar lot and floor plan was listed for $500/mo, and just rented out quickly.
Zilpy rental estimate: $640/mo
No mello-roos or hoa’s

By my calculations that puts the price to rent ratio somewhere between 156 and 200.
I think about 170 is about right and puts the price just above the price to rent bottoms of the mid 80’s and 90’s.
I’m not trying for the bottom, just a decent deal that makes sense.
At %26+ percent off from 2006 prices, I figure I’m doing all right.
Thanks again for all your advice and the insightful comments on this board.

[scott]

Thanks for all your advice. The new info I got from the city has made me less paranoid about the easement. I don’t see it ever being used, and the engineering department said I could group together with the owners of the other affected lots and split the cost to investigate and locate/vacate the easement on all the lots at once. If worse comes to worst, I understand the legality of the easement is also in question due to it not having a specified location.
It has been tough being a pigg and still going through with this, but I think the numbers make sense. Now that it’s coming down to the wire, I’m interested in your points of view.
Numbers (obviously) changed to protect what anonymity I have left but the ratios should all be the same:

Purchase Price: $100,000
Next door rental w/ similar lot and floor plan was listed for $500/mo, and just rented out quickly.
Zilpy rental estimate: $640/mo
No mello-roos or hoa’s

By my calculations that puts the price to rent ratio somewhere between 156 and 200.
I think about 170 is about right and puts the price just above the price to rent bottoms of the mid 80’s and 90’s.
I’m not trying for the bottom, just a decent deal that makes sense.
At %26+ percent off from 2006 prices, I figure I’m doing all right.
Thanks again for all your advice and the insightful comments on this board.

[scott]

Thanks for all your advice. The new info I got from the city has made me less paranoid about the easement. I don’t see it ever being used, and the engineering department said I could group together with the owners of the other affected lots and split the cost to investigate and locate/vacate the easement on all the lots at once. If worse comes to worst, I understand the legality of the easement is also in question due to it not having a specified location.
It has been tough being a pigg and still going through with this, but I think the numbers make sense. Now that it’s coming down to the wire, I’m interested in your points of view.
Numbers (obviously) changed to protect what anonymity I have left but the ratios should all be the same:

Purchase Price: $100,000
Next door rental w/ similar lot and floor plan was listed for $500/mo, and just rented out quickly.
Zilpy rental estimate: $640/mo
No mello-roos or hoa’s

By my calculations that puts the price to rent ratio somewhere between 156 and 200.
I think about 170 is about right and puts the price just above the price to rent bottoms of the mid 80’s and 90’s.
I’m not trying for the bottom, just a decent deal that makes sense.
At %26+ percent off from 2006 prices, I figure I’m doing all right.
Thanks again for all your advice and the insightful comments on this board.

[scott]

Thanks for all your advice. The new info I got from the city has made me less paranoid about the easement. I don’t see it ever being used, and the engineering department said I could group together with the owners of the other affected lots and split the cost to investigate and locate/vacate the easement on all the lots at once. If worse comes to worst, I understand the legality of the easement is also in question due to it not having a specified location.
It has been tough being a pigg and still going through with this, but I think the numbers make sense. Now that it’s coming down to the wire, I’m interested in your points of view.
Numbers (obviously) changed to protect what anonymity I have left but the ratios should all be the same:

Purchase Price: $100,000
Next door rental w/ similar lot and floor plan was listed for $500/mo, and just rented out quickly.
Zilpy rental estimate: $640/mo
No mello-roos or hoa’s

By my calculations that puts the price to rent ratio somewhere between 156 and 200.
I think about 170 is about right and puts the price just above the price to rent bottoms of the mid 80’s and 90’s.
I’m not trying for the bottom, just a decent deal that makes sense.
At %26+ percent off from 2006 prices, I figure I’m doing all right.
Thanks again for all your advice and the insightful comments on this board.

[scott]

Thanks for all your advice. The new info I got from the city has made me less paranoid about the easement. I don’t see it ever being used, and the engineering department said I could group together with the owners of the other affected lots and split the cost to investigate and locate/vacate the easement on all the lots at once. If worse comes to worst, I understand the legality of the easement is also in question due to it not having a specified location.
It has been tough being a pigg and still going through with this, but I think the numbers make sense. Now that it’s coming down to the wire, I’m interested in your points of view.
Numbers (obviously) changed to protect what anonymity I have left but the ratios should all be the same:

Purchase Price: $100,000
Next door rental w/ similar lot and floor plan was listed for $500/mo, and just rented out quickly.
Zilpy rental estimate: $640/mo
No mello-roos or hoa’s

By my calculations that puts the price to rent ratio somewhere between 156 and 200.
I think about 170 is about right and puts the price just above the price to rent bottoms of the mid 80’s and 90’s.
I’m not trying for the bottom, just a decent deal that makes sense.
At %26+ percent off from 2006 prices, I figure I’m doing all right.
Thanks again for all your advice and the insightful comments on this board.

[Author]

Posts