9. 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 square feet due to the county's eminent domain action, along with the removal of the pecan trees. This information is crucial for potential buyers to understand the effects of the upcoming construction on the property.
A) The pecan trees will be removed by the county and are not included in the sale.
This option is partially correct but lacks important details. While it is true that the pecan trees will be removed, it does not address the impact on the overall lot size, which is a significant factor for potential buyers. Therefore, it fails to provide a complete picture of the situation.
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 reduction in lot size. The correct reduction is 1,100 square feet (20 feet x 110 feet), not 2,200 square feet. Presenting incorrect information about the lot size would mislead potential buyers.
C) Lot size will be reduced by 1,100 sq. ft. by eminent domain and trees removed.
This option is accurate as it correctly states the reduction in lot size resulting from the eminent domain action. It also mentions the removal of the trees, providing a complete disclosure for prospective buyers regarding the property's changes.
D) The sales price was reduced to compensate the buyer for the future turn lane.
This option does not directly relate to the necessary disclosures about the property's changes. While it might imply that the price reflects potential future modifications, it does not explicitly inform buyers about the actual lot size reduction or the removal of the trees.
Conclusion
Option C is the only choice that accurately reflects the impact of the eminent domain action on the property, specifically the 1,100 square feet reduction in lot size and the removal of the pecan trees. The other options either provide incomplete, inaccurate, or irrelevant information, making them unsuitable for disclosure to potential buyers.