Monday, June 11, 2007

High Voltage Transmission Line is Acceptable

The HOC Reference Guide, Page 1-18F Updated 1/27/2007:

The appraiser must indicate whether the dwelling or related property improvements is located within the easement serving a high-voltage transmission line, radio/TV transmission tower, cell phone tower, microwave relay dish or tower, or satellite dish (radio, TV cable, etc).
  • "If the dwelling or related property improvement is located within such an easement, the DE Underwriter must obtain a letter from the owner or operator of the tower indicating that the dwelling and its related property improvements are not located within the tower’s (engineered) fall distance in order to waive this requirement."
  • "If the dwelling and related property improvements are located outside the easement, the property is considered eligible and no further action is necessary. The appraiser, however, is instructed to note and comment on the effect on marketability resulting from the proximity to such site hazards and nuisances."
Conclusion:

It is appropriate to comment on the presence of the transmission power lines and whether or not the subject is located within the easement, nothing more.  An adjustment may be in order because of the presence of a overhead high voltage transmission line.