Quote:
Originally Posted by 64speed
Well the lot value is about 5000 but.....the neighborhood has a covenant, if you buy a lot (only two remaining) you can’t do anything with it but build a house of no less than 1800 sq ft no shops etc. for the first 13 years of ownership, plus there are all kinds of stipulations in the convenant. I am grandfathered because I’m an original owner. I can build a strip club on it if I want to. Only 7 houses on the cul de sac and no home owners assoc or anything like that. The only thing permanently binding is no farm animals.
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I'm not a lawyer and I didn't stay in a Holiday Inn Express last night, but....
While you are "grandfathered" in your current lot, I wouldn't be so sure that if you purchase this lot across the street that you wouldn't be bound by the covenant.
I totally get the desire to build a shop, but the neighborhood covenants are there to protect all residents.