I live in Spanish Springs on a golf course. If they built an apartment complex behind me on the golf course I would be furious!! There is no room for more living quarters in Spanish Springs. The traffic can't handle what we have already during season. It's an impossibility to turn left on Morse in any direction.
I'm adamantly against the building the apartment complex there. As far as the subject of greed and the Developers, they're knocking themselves out building South Non-Stop and if they want to add apartment complexes they can do it all down there. They've forgotten all about Spanish Springs and it has turned into a Shabby mess compared to what it used to be. If they want to come mess around North they should focus on fixing things back the way they should be and taking better care of the grounds and the roads. The service road the post office is on is deplorable and so is the landscape there, and other places.
The developers have more than enough opportunity to make money. One thing they're not hurting in is money. It can't always be about the money in order to keep the design and attention, you've got to give some stuff. They've been making Oodles of money off of us with the amenities fees for almost a year now during covid-19 with everything shut down, pocketing the majority of it, because they surely have not done well at taking care of the north side of the villages! Also, the engineers that do the footprints for the roads, parking lots, landscape, etc. Are deplorable!!! I have no clue what they are thinking with the awkward, hard to navigate angles, tight corners, lost space, dangerous views do to landscape, lost parking spot opportunities and such. Madening and dangerous. Just doesn't make sense in so many scenarios.
I used to really love this place, now it's becoming a very different story and I see it in a whole different light. Not a happy camper!!!

Let's just take a handful of houses in the area............look a the original sale price (with site premiums included) and today's estimated value. Zillow estimated values are not 100%, but are good enough for gov't work.


#1 $200k, now $518k
#2 $269k, now $614k
#3 $217k, now $542k
#4 $500k, now $734k
#5 $255k, now $511k
#6 $204k, now $531k


They haven't sold yet, but I don't think anyone will lose their $5k or $15k paid premium.


:faint:

Totally irrelevant, almost all home values have gone up over time.

The relevant comparison will be what were the effected homes in the HH area worth before anyone had any idea what was to become of the area and what will they be worth after this fiasco fully plays out. Time will tell?

Absolutely, agree.


The valuation point was: They have not lost anything. If they are concerned, they can get out with a nice profit...........if that is their focus. If the value is not their focus, let the fiasco play out.

These apartments were built on vacant land adjoining a commercial area Brownwood. Not the same as building in an area surrounded by private residences

At this juncture the data is irrelevant. Once the complex is built and owners of private residences who want to list their homes, the sale price at that time is the data used to make a comparison. And a realtor who doesn’t want to face any legal action for non disclosure would need to tell prospective buyer the plans for the apartment complex in the future. That may bother all or a few of potential buyers based on negotiation of list versus sale price

In the Village of Duval there is a three story building that houses older people smack dab up against private residences. These are apartments for VILLAGERS. Not college kids.

The data shows the owners will not incur a loss.......MAYBE less gain, but not a loss and they have an opportunity to get out if they want to.


The value of the homes across the street from the apartments have not slowed.

There is a golf course close to the homes on Day Lily Run in Duval that are adjacent to the large building where older people live. Three story building. I googled, actually I BINGED some of them and they were purchased in the two hundreds and now the "Zestimate" for them are in the four hundreds and five hundreds. You can do that too. It's the truth;

https://www.bing.com/maps?q=2725+day...ANSPA1&PC=DCTS

I agree we’re here over 20 years they only added courses

Less gain is just another way of saying a loss. It is a loss of what they would have prior to the incursion of multi-story high density complex. Just a wild guess but....I'm guessing you were never in real estate.

There is no gain or loss until sale.


Relying on assumed gains or losses is silly.

The obvious difference between this and HHCC is that these people knew they were adjacent to an area zoned for commercial use and therefore the lots were priced accordingly. BTW there is a wall that surrounds the assisted living place and whatever other commercial entities are there now. All the homes in the area that are nearest back up to it (face the opposite direction).

I couldn't remember so I had to go look (online). There is a Lowe's and several other business concerns right next door to Sumter Place - to the west.

A Different Perspective
 

Here is a different perspective in defense for those who are called "whiners", "complainers", and that "this isn't the place for you." TV is a wonderful community with great amenities and friendly people. 95% of the people I've met here are terrific folks, who realize they are nearing the end of life's journey and just want to enjoy their remaining years. (5% are kind of crabby old people.) The best two descriptions of TV I've heard are that it is "Disneyland for adults", and "like going to college without having to go to class." That said, no one wants something good they have taken away from them. Would anyone want an apartment building or a filling station built behind their lanai instead of the golf course view they bought? Yes, The Developer can do whatever they want, but that does not make it right if it negatively affects TV residents. Just because something is legal does not necessarily make it the right thing to do. We all want to be good neighbors, and probably so does The Developer. So kicking up a little fuss over actions that are detrimental to even a single home, let alone a neighborhood, is probably not a bad thing.

I sort of feel a barrage of let's blast the developer. I get the sense there is a movement afoot somewhere.

Please remember that a bunch of folks from the "North" side sued the developer several years ago over what to me looked like foolishness and several folks got a big chunk of change for THEMSELVES out of it and an area up NORTH of 466 got the opportunity to rule themselves in many ways.

I don't like the sudden onslaught of foolishness. Again we will wait Grasshopper and it will all be just fine. I remember when the homeowners that lived near the buildings on 466A were so concerned that old men would spy on them from their third floor windows. Haven't heard a peep about any folks who live there bothering anyone and it certainly has NOT hurt the property values of the people who live adjacent to the apartments for older people.

I wonder who the ring leader is to all this?