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Old 09-18-2018, 09:39 AM
justjim justjim is offline
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Default Due diligence

Quote:
Originally Posted by Jamie Kennedy View Post
Moved to Fenney August 10, 2018. Just discovered we are a short walk (2-3 miles as the crow flies, with no natural barriers) from a Federal Penitentiary housing 7000+ inmates!! Why in the world are the Morses building so close to a long established penitentiary?? These are typically great distances outside neighborhoods. This is insane and the stigma alone should impact values in a huge way. Shame on you developers for not notifying us of this.
OP, it’s imperative to do your homework (due diligence) before purchasing any property. That said, I have a number of friends and acquaintances who lived in only one or two homes their entire lives before purchasing their retirement homes. In short, they had little experence in purchasing property. Sorry you found out, after the fact, that the Coleman Federal Correctional Center is some three miles or so from your residence. However, as others have posted, the prison is highly unlikely to be an issue to you as you enjoy the lifestyle offered here in The Villages or should you later decide to sell.
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