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Old 06-26-2008, 12:49 PM
SPSDOT SPSDOT is offline
 
Join Date: Jul 2007
State: Wisconsin
Professional Status: Certified Residential Appraiser
Posts: 14
Default Outlot Definition?

I've been through the Dictionary of Real Estate Appraisal, Real Estate Appraisal Terminology, and Harrison's Illustrated Dictionary of Real Estate Appraisal. I even checked my Oxford Dictionary. None of them have a definition of "outlot".

Does anyone have have a good definition of the term? I know what it is, but I can't really explain it without saying "this is just my opinion".
Any help would be appreciated.

Thanks,

Steve.
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  #2  
Old 06-26-2008, 01:32 PM
Robert Gonsalves Robert Gonsalves is offline
 
Join Date: Apr 2003
Location: Northern California
State: California
Professional Status: Certified Residential Appraiser
Posts: 78
Default

I found this using Google Search......

s. 236.16 (1),
Wis. Stats.
s. 236.02 (7),
Wis. Stats.

Lots, Outlots, and Blocks
PARCEL DESIGNATION
Subdivisions consist of blocks, lots, outlots, public streets, and public
dedications. No other parcel designations are provided for by ch.
236.

Outlots
Any parcel not designated as a lot, public street, or public
dedication, must be designated as an outlot. This includes private
roads, right-of-way islands, areas for future development, and all
other non-buildable parcels retained by the developer or lot
owners. Outlots may be of any size and shape, and do not need
access to a public street. Outlots may be dedicated to the public.
Outlots may be sold and/or built upon if they meet size and
access requirements, and any restrictions on the outlot have been
released.
Hope this helps;
Robert G.
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