A spite house is a building constructed or substantially modified to irritate neighbors or any party with land stakes. Because long-term occupation is not the primary purpose of these houses, they frequently sport strange and impractical structures.
What is a zero lot home?
First, let's define a zero lot line house: It's a residential property that comes up to or lies on the home's property line. Zero lot lines exist to create more interior space for homeowners, while only requiring them to pay for a lot large enough to hold the house.29 Apr 2020
Why is it called Spite House?
In 1716, Thomas Wood, a sailmaker, built a house in Marblehead, Massachusetts, that subsequently became known as the Old Spite House. One possibility is that it was inhabited by two brothers who occupied different sections, would not speak to each other, and refused to sell to the other.
What is a zero lot bungalow?
Zero lot bungalows are similar to bungalows, but with a very small piece of land. Usually, the houses are located at the corner to make full use of the land. Villas are similar to cluster homes, but with a fancier name.1 Jul 2021
Why is my zestimate lower than my neighbors?
Zillow often lacks accurate, up-to-date information about a property, which can cause the site to calculate a Zestimate that is lower than it should be. Luckily, it's easy to add missing information to your Zillow listing and potentially increase your home's Zestimate.17 Feb 2020
What brings down property value?
If jobs are scarce in your locality, with layoffs occurring and home ownership put in jeopardy, values fall. Like a domino effect, fewer people can afford to buy a house. Owners lower their prices to compete in a diminished market.
How do neighbors affect home value?
According to the Appraisal Institute, a bad neighbor could potentially reduce your home's value up to 10%. This sort of effect is referred to as external obsolescence; where external factors have an affect on your home's value, instead of factors on your property that can cause a decrease.