Property appreciation question.

[lawtchan]

Just bought a house here in Bartlett, TN.

Just found out next fall there is going to be a 7-acre park/playground with walking trails, equipment for kids, fishing pond, etc. about 200 yards from my home.

I can see the trees where the park is going from my doorstep.

The kicker is NO AUTOMOBILE ACCESS, and I live in a cove so I have no thru street access.

This will be a subdivision park, so no car access.

My question is, What is a reasonable assumption of my property value going up????

I'm thinking 2-5% :shrug: :shrug:

thanks for insights???

 

[SixFive]

should go up around 6% on it's own every year, and the park will probably bump that a little, but I wouldn't think that much.