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mtcoco

02:25PM | 01/28/04
Member Since: 02/13/03
16 lifetime posts
Bvmisc
There is a very nice area of homes that are very conveniently located. They are about 80 years old. I was told there was a town garbage dump there that was closed 30 years ago and currently it is used as the town compost pit.

Any opinions about health issues coming from the former dump. Residents say that there have been no issues. How would I find out how the dump was sealed?
I really like the are but do not know if this is a problem. There are brand new development built around this area of expensive homes. I wonder if any studies were done about the former garbage dump or if people did not know it was there and never asked.



k2

04:44PM | 01/28/04
Member Since: 06/06/03
1250 lifetime posts
Interesting post, mtcoco!

After learning the hard way, I am a big believer in "LOCATION LOCATION LOCATION" as the 3 most important factors in real estate.

On the face of it, this sounds like red flags shouting "STAY AWAY!" But, as you say, there are nice homes there, and more on the way.

I, personally, am leery of properties like this. Remember the Love Canal (I think near Buffalo, NY?) Wow. Poisoned water supplies, etc. Nasty situation, probably to this day.

There might also be issues with settling. But then again, you hear of old landfills converted to golf courses, etc. So there's that aspect...maybe the "Location" isn't so terrible...

The thing that's potentially most appealing about what you mention (again, to ME) is not the new developments--which they just seem to stick up everywhere these days--but the fact that 80 year old homes are there, and are presumably well maintained and desireable. I'd think this history goes in this area's favor--especially if it's been desireable all along. I mean, if an area's been desireable for the past 80 years, the chances are that it'll continue to be so.

So, this may not be a scientific answer to your question, but I always seem to go back to those 3 little words....Location, Location, Location!

Good luck,
-k2 in CO.

retisin

05:28PM | 01/28/04
Member Since: 05/19/03
457 lifetime posts
1 statement (WATER HEALTH HAZARD)check into it,get water samples checked out by one that you choose.Bring a container to one of the homes for sale and get a sample to bring with you.
OK,2 statements what about resale value?Look closely at the pro and cons of this.
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