Are houses on corner lots harder to sell?
Similarly, it is asked, are corner lots more desirable?
Agreed. Corner lots are less desirable, and when comparing houses for value we value a bit less for being on the corner. The exception to this is if the neighborhood is zoned for businesses, from a business standpoint a corner lot is more desirable as it gets more traffic, higher visibility, and more parking..
Also, do corner lots pay more property tax? In general the answer is yes because corner lots historically are worth more money than interior lots. there are also places that use complex formulas based on the cost of reproducing such a house in a specific year. The formula may include a kicker for a corner lot.
Herein, why corner lots are cheaper?
A-Corner lots used to be considered more valuable than interior lots. The advantages include neighbors on only two sides instead of three and more light and air. Also, the garage driveway takes less space as it enters from the side street.
Are corner blocks more valuable?
However, corner blocks in his area are usually bigger and when they have development potential they can achieve prices “over the odds”, as builders value the ease of access and the fact there are only two, rather than three neighbours to placate. It eventually sold for a similar price.