Historic Covenants Removed

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Historic Covenants Removed

Post  Pants On Fire!! on Sat Jul 14, 2012 10:28 pm

En route to the Farmer's Market, I saw a For Sale sign in front of a house at the corner of Bank and Lee Streets. It's been for sale for years, but no takers, because of the restrictive historic covenants apparently levied by a previous owner. I was told that it was a result of a lawsuit settlement, and that the historic people voluntarily relented, so that the flaws in those old covenants won't become known to other property owners who would want to change them.

The bottom line is that the sales value of a historic home in Salisbury, NC is diminished by the draconian restrictions that the "historic covenants" saddle them with.


Pants On Fire!!

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