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re: Anyone here experienced Eminent Domain on property?
Posted on 4/4/24 at 6:53 pm to Lgrnwd
Posted on 4/4/24 at 6:53 pm to Lgrnwd
quote:
Just wondering if the government really does give you a good fair price on your land, or should I prepare to bend over?
It depends on who you know and/or how generous the government's appraiser is being.
When they were expanding Hwy 165 back in the early 00s, a neighbor had property adjacent to an industrial zone. For the zone's property they gave something like $10k/acre, my neighbor's land (farm land)? They tried to give her $1,300/acre. She sued and got more ($5,500/acre, I think).
Meanwhile, they gave a half-mill to a business in town for the property their warehouse was on but then ended up not using it.
They bought a nice home for $400k then ended up running the road well around it, someone bought the house from them for around $60k (if memory serves).
We had farmland which was being taken by the expansion, a bridge over one part made another part unfarmable. They told us it could be farmed if we bought a specific type of tractor and plow. We had to take them to court to force them to buy that extra plot.
When they were coming through initially, after hearing about all of the money they were negotiating up to around town, we farm owners waited for them to start negotiating with us. They never did, we all just received notices that they were expropriating the land, the money they offered ($1,300/acre) would be in an escrow and we could fight it in court if we wanted.
A guy who owned a bar on the side of the road and had a trailer behind it, bought something like 3 or 4 more trailers (old, beat-up pieces of shite) and "attached" them to his trailer (effectively giving him tons more square footage for his "home"). He made more off that deal than his bar had made him over his lifetime.
Posted on 4/4/24 at 7:06 pm to Bard
Good info, thanks
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