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Land w overhead High power lines
I'll throw my three cents in on this one, I have an avtive Bokers lic. and have listed and sold Real Estate since 1984.
I just listed a piece of lakefront today for 1.5 mil.
I am with a Century 21 office. Have worked for several
others and have owned my own. Now, run don't walk away.
This is and always will be a negative property no matter
how much you spend. Remember, Location,Location,Location!
That has not changed since Jesus was a boy.
This last house I built, I had to spend twice our budgeted amount for the lot, I wanted the location. Since we built
it has more than doubled in value in 5 yrs.
Here in Maine the Broker would have certain obligations
to tell you all the negatives,is that why he doesn't want the broker in volved. If you are determined, offer him half,
and walk away. I bet you get it.
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Land w overhead High power lines
I am an ex broker, (and ex c-21 owner also) I'll add my 1.5cents worth (inflation you know). The cost to build, improve this property will be the same as a choice lot, the negative value adjustment of the nearby hi wires will apply to the whole property when it is appraise din the future. on the other hand, 600 ft is a pretty good distance and may be OK if they are local distribution lines and not cross country lines carring thousands of volts.
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Land w overhead High power lines
This response maybe too late to help you on making your decision, but maybe it will help some else at a later time.
First I would check with the engineering department of the utility company which crosses the property. Determine the width of easement(if they have one) and the type and voltage of the power line. If the line is only a distribution line which is normally < 25KV ( could be as high as 35KV) nothing to worry about. If its a transmission line and no larger than 69KV, here again, I wouldn't be concerned.
The larger the voltage line the larger the easement and the larger the supporting structures. I would not want to see a large transmission line from my house.
As to EMF, electromagnetic fields, the jury is still out. There have been a lot of studies, but none with conclusive evidence that EMF causes cancer. There was a study done in Switzerland involving sewing machine operators and the study showed a slight increase in the possibility of leukemia. This is low voltage 120/240 single phase and the operators use their machines 8 - 10 hours per day.
EMF is caused by the electric current traveling through the conductor which sets up a magnetic field around the conductor. This field will alternatively build and collapse at the rate of 60 times per second. If the field is strong enough it can induce current into a conductor placed in its field. However, the field strength decreases rapidly with distance.
Hopes this helps, Dave
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Land w overhead High power lines
A correction to my previous post. The EMF study involving seamstresses, tailors, and dress makers was a Finnish study and showed an increase in risk for cancer. A Swedish study did indicate a slight increase in risk for leukemia in children.
A good publication on EMF is "EMF in the Workplace" and can be acquired by calling 800-363-2383. This is a September 1996 publication. Another good publication is "Electric and Magnetic Fields from 60 Hertz Electric Power: What do we know about possible health risks?". This is published by Carnegie Mellon University in Pittsburgh, Pa.
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