Lake value factors explained by Lake Lanier Fine Homes Resort Specialist Arlene Ingram
These Factors apply to ALL lake properties: Vacant Lots, Tear downs & Lake Homes
(In my Lake Lanier property appraisal reports, as I am a former licensed real property appraiser, I always included this information page to give insight to the underwriter and/or the client as to why the subject lot value estimate is concluded as it is in the cost approach section of the report. It also relates to the lake comparables used to explain lot adjustments taken in the market approach section of the report.) Arlene Ingram
NEW LAKE LANIER
US CORPS OF ENGINEERS
LAKESHORE USE
MANAGEMENT PLAN
Good Waterfront lots are Scarce...
Not just on Lanier but anywhere there's water!
The waterfront lot prices on Lake Lanier are, almost always , valued as high or higher than the structure built on them.
Supply and Demand holds true
H O M E
This search engine is provided as a courtesy. For specific lake front assistance, call Arlene
Numerous factors are taken into account to determine values of lots located on Lake Sidney Lanier. There are
way too many to list here because each lot is unique and all values must be taken on a case by case basis. With that said, below is a general overview. Prices of lots & homes are determined by how closely they
meet the following characteristics and how typical they are for the lake area they are located. The US Army Corps of Engineers have authority over
every aspect of permitting on Lake Lanier. They have official guidelines that they and you must follow. These guidelines have much if not all to do with the values of each lot. In other words, What you see when you buy is
what you get!
A) The steepness to accommodate ease of construction and access.
B) Deepth of water to allow for a boat dock, which is considered PERSONAL PROPERTY. C) Proximity to US. Government line to water's edge, permitting a brief walk from
the residence to the water. D) Wooded or cleared. The US. Government has instituted regulations regarding clearing of their land; presently lots may not be cleared beyond the U.S. Government Line.
View:
Because of US Army Corps of Engineers, regulations regarding clearing of their land, the view of the water has become a very important factor in determining lot values. Lots on Lake Lanier, in this
respect, range from no view at all to a 500 foot view to a 6-7 mile view.
Location:
Lots on the South end of Lake Sidney Lanier, are demanding higher prices
than other areas of the lake due to the close proximity to Atlanta, via GA 400 or I-85. Also sailing enthusiasts prefer to be located below the bridges which are located at the mid section of the lake.
The lake has, in recent years, become an Atlanta "bedroom community" with permanent residences being on the increase, versus only weekend homes.
THE FOLLOWING IS AN OVERVIEW OF MANY OF THE MAIN FACTORS WHICH DETERMINE MARKET VALUE OF LAKEFRONT PROPERTIES AT LAKE SIDNEY LANIER: 1). Amount of property located on the USGL. The
size & quality of the actual frontage on the lake will give a higher value to a lake lot. 2). Vailability of a permit for a floating facility (boat dock) and the size of that dock.
The Army Corps of Engineers has a dock quota that is quickly nearing it's end. After that, they have officially stated there will be no more dock permits issued on Lake Lanier.
3).Position of boatdocks in respect to other docks located in the area. 4). Effect of lake traffic and effect of the wind on the boatdock. 5). The direction the house and lot face and that effect. 6). Zoning restrictions on subject and surrounding properties. 7). Landscaping.
8). Domestic Water supply. 9). Especially for vacant lots: Availability of sewage disposal, through public means or private septic.
10) . Privacy: The proximity of neighboring residence.
Hopefully, this information will be helpful to you in gaining an insight into various factors which effect the prices of lake lots and homes on Lake Sidney Lanier
Lake Lanier Herald
newspaper articals on value factors written by Arlene
