Regarding the answer to the prior sales history of the subject property, Question 1: http://www.appraisalfoundation.org/s_appraisal/bin.asp?CID=12&DID=1246&DOC=FILE.PDF An additional example might be the appraisal of 20 acres subdivided from a 200-acre parcel. The appraiser must research and analyze prior sales of the subject, even if these sales include the 200-acre site in its entirety. USPAP states: Standards Rule 1-5 When the value opinion to be developed is market value, an appraiser must, if such information is available to the appraiser in the normal course of business: (note14) (a) analyze all agreements of sale, options, and listings of the subject property current as of the effective date of the appraisal; and (b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal.(note15) I'm not so sure that I agree with this answer. A lot in a subdivision is not the same property as a subdivision itself...not even close. I would agree that it would be good appraisal practice to discuss the history of the subdivision. However, I think this interpretation is clearly a stretch. Comments?