67. A property owner accepts just compensation for a county-approved eminent domain action to install a turn lane. The county comprehensive plan includes reducing the property's width by 20 feet along half of the 110-foot road frontage, requiring the removal of two pecan trees. Prior to road construction, the owner lists the property. What would the property owner disclose
Answer: C
Lot size will be reduced by 1,100 sq. ft. by eminent domain and trees removed
The property owner would disclose that the lot size will be reduced by 1,100 sq. ft. due to the eminent domain action, which requires the removal of two pecan trees. This accurately reflects the impact of the county's decision on the property.
A) The pecan trees will be removed by the county and are not included in the sale
This option is incorrect as it does not provide specific information about the reduction in lot size. While the removal of the pecan trees is mentioned, it fails to disclose the impact on the overall property dimensions, which is critical information for a potential buyer.
B) Lot size will be reduced by 2,200 sq. ft. by eminent domain and trees removed
This option is incorrect because it miscalculates the lot size reduction. The property is losing 20 feet along half of the 110-foot road frontage, which equates to a total reduction of 1,100 sq. ft., not 2,200 sq. ft.
C) Lot size will be reduced by 1,100 sq. ft. by eminent domain and trees removed
This option is correct as it accurately states the size reduction resulting from the eminent domain action. The calculation of the reduction is based on the dimensions specified in the comprehensive plan, making it a vital disclosure for potential buyers.
D) The sales price was reduced to compensate the buyer for the future turn lane
While this option may imply an adjustment in the sale price, it does not address the specific impact of the eminent domain on the lot size and the removal of trees. It lacks the necessary details about the changes to the property itself, which are crucial for the buyer's understanding.
Conclusion
The correct answer, C, clearly communicates the essential information regarding the property's reduced size and the removal of trees due to the eminent domain action. Other options either misrepresent the facts or fail to provide the necessary details that potential buyers need to make informed decisions, underscoring the importance of accurate property disclosures.