Many homeowners have property subject to these easements. Tim Greene believes no landowner should sign a Marcellus or Utica shale pipeline right-of-way agreement for less than $50 per foot. Without getting too deep into legal details, here are the types of easements worth knowing about. The appraised value of an easement is based … The area covered by the easement is usually clearly defined in the text of the easement, and the easement is attached to the property deed so that it will persist even when the property is transferred or sold. Utility easements generally don’t affect the value of a property unless it imposes tight restrictions on what the property owner may and may not do.. A common problem that I wish to focus on in this column concerns utility easements on property. Utility easements are necessary for the existence of electricity, television, telephone, water, and … An easement is an encumbrance on the title to real property that grants the right to use the property but no ownership interest. The documented easement will show up when a title search is conducted and it stays there indefinitely, unless both parties agree to remove it. ... Price may depend whether it is urban or rural and what land is worth there. 0 1. ca_surveyor. However, Corky DeMarco said a more reasonable payment is in the range of $5 per foot. before acquisition of an easement (before value) and an opinion of market value of the subject pJOperty remaining after the proposed easement has been placed (after value) as of a cunent date minus any adjustments for excess inigation water to arrive at the effect on value ofthe easement The pm pose of two opinions of value is to A utility easement is an easement which gives a utility the right to use and access a specific area of a property. The easement allows the utility to run its line or pipe on, under or over a piece of property. There may be pre-existing utility easements on a property at the time of purchase. Lv 7. The easement may be for a common electric line, a telephone company line, or even a natural gas line. 1 decade ago. In the case of the utility easement, the utility has the rights to have the lines there, and the right to go on that property as needed for maintenance and repairs. A property easement is generally written and recorded with the local assessor’s office. If it has to be a one-time payment, we think closer to the $50 per foot number is much more fair than $5 per foot. For an extreme example - an acre of land in down New York City is worth millions - on the flip side of this - an acre of land in Wyoming or somewhere in the boonies is worth maybe $100.00 - you have to be the judge of what the property is worth - worth to them to make the most monies from the sale/termination of the easement. You pay what the owner of the land will accept. Easements may be granted to a specific party or act as a general encumbrance on the property. The FMV of the easement is worth much more that a simple division of your lands appraisal which you indicate at $1.82 SF because it impacts all of the remainder of your and your home, visually and possibly in it's usability in the future. 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