A flag lot is located behind other lots with a long and narrow access driveway to a public street. Thus, it resembles the shape of a flag with the road representing the pole and the lot representing the flag. Flag lots generally have a reduced value due to the lack of privacy that results from being surrounded by other homes. Flag lots also lack curb appeal. Similarly, answer Interior lot references a lot that is surrounded by lots on all three sides and does not feature a long driveway connecting it to a public street. An interior lot is the most common type of lot, and is usually rectangular in shape.