REO- was a B&B- zoned residential

Discussion in 'General Appraisal Discussion' started by gspangler, Jun 24, 2011.

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  1. gspangler

    gspangler New Member

    0
    Oct 10, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    Just asking for opinions about H&BU before I decide about this assignment. It's a lake front property in an area of sfr. It's larger than typical for the street and immediate area but there is a lot of variety of property sizes and types on the lake front in general. MLS research revealed in an old listing that it had been used as a B&B. It is zoned SFR. The assignment is for the owner/lender. It is currently listed and being marketed as SFR. Nothing terribly unusual about the function/floorplan other than the six bedrooms.
     
  2. Refuse2Lose

    Refuse2Lose New Member

    0
    Apr 1, 2011
    Professional Status:
    Certified Residential Appraiser
    State:
    New Jersey
    zoned residential, treat as a SFR (legally permissable) however it sounds like an over improvement
     
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