bevorules77
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Posts posted by bevorules77
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Hello,
I'm thinking about buying a townhome in Shady Acres, on 24th Street. I'm impressed with the neighborhood, and with all the new construction there should be a lot of potential in the next few years.
However, the townhome is in the 100-year floodplain. It is brand new, so it is built to the new codes. The main living level is raised above the driveway; only the garage is on the ground. In addition, there is a drain in the driveway to keep flood waters out. I have verified that the flood insurance for this property is discounted significantly to $437/yr since the property is properly elevated.
Here's are my questions:
- Do the streets flood in that area? How did they hold up during the recent Tropical Storm Erin?
- Will being on a floodplain adversely affect the property's value in the future, even though it should be mostly OK in the event of a flood?
Thanks a lot!
- Do the streets flood in that area? How did they hold up during the recent Tropical Storm Erin?
Shady Acres Information & Developments
in The Heights
Posted
Thanks for the advice. The home is on 24th Street, between Couch and Bevis. According to the tsarp map (which I had checked before) and my realtor, it's in the 'AE' zone.