5 Acres across 2 states.

[Frank Lostracco]

Seeking opinions on how to handle this one. Subject and 2.24 acres are located in Delaware, and 3 acres (most of the front yard are located in Maryland.) Delaware records indicates only 2.24 acres. The subject is located on Old Telegragh Road, which is in Maryland, but the house sits in Delaware. I was thinking of appraising the house and 2.24 acres, but that doesn't seem right.

 

[Smokey Bear]

What does your client say?

 

[The Warrior Monk]

This is the type of issue that I would discuss with the planning board. Some lots divided by different municipal boundaries are considered one building lot, but I've only dealt with this within state boundaries. This might not necessarily be true at the state level.

 

[Frank Lostracco]

I am still waiting on the client, but I am trying to get some ideas.

 

[CANative]

Can think of favorable features (interesting conversation starter of owning a property in two states) but few or no unfavorable features.

The border is just an invisible line.

 

[The Warrior Monk]

I could foresee a major problem with certain property modifications. Municipalities within a state can at least agree to fall back on state minimums if a property is bisected by municipal lines within the state. There is no such minimum guildelines where the bisecting line is a state line.

 

[Mike Kennedy]

Copy of Survey or Surveys? Deed with 1 or 2 Legal Descriptions?