Apn: Number

[Robert Gonsalves]

Hello;
I have an assignment that I need some imput on?
I have been requested to appraise a townhouse (PUD), in a complex with 14 units, that is new and still in its construction phase. The unit that I am asked to appraise has an address but the Parcel Number is still for the entire parcel, all 14 units. I checked with the Sales Office and was informed the entire parcel has not been recorded as separate units as of yet, and the date to do this is unknown.
I know the unit can be appraised "Per Completion" but is there a way to appraise this single unit without its own Parcel Number?
Thanks For The Help;
Robert

 

[Bill_FL]

Robert, what does your mentor say?

The answer is yes, it can be done. I usually just put in that field-To Be Assigned, then explain the scenario in your site comment section, and of course mark it subject to completion of this and constructions, etc.

 

[Wendy]

If you contact your local propery appraiser the odds are pretty good that it's been assigned a parcel number. I have found the the sales office is often behind on this type of information.


ps - if you tell us where you are from, you may get better info.

 

[TC]

Chances are the future parcel number will be the current one with the unit number added.

TC

 

[Don Clark]

B) TC,

You are likely correct, in most places. However, in my market where I deal with 8-10 different assessors offices that is not always true. Why? It just makes too much sense. You see, in Virginia we have independent cities that are not part of counties. They all have their own police, fire, courts, assessors, etc. And, we also have counties. I do business in 6 cities, sometimes 1-2 counties in Virginia, and 1 county in North Carolina. Just does not always work in a way that makes sense. However, if one checks with the planning department in each city or county, whatever you are dealing with, they generally know what the AON will be, long before the assessor, site agent, and others will know.

 

[Andy Grimaud]

Robert,
Ask the lender for a copy of the title report or preliminary title report The APN can be found there.
Andy.

 

[Restrain]

I deal with this daily. I state that it is "Not Assessed" and put in an estimate of taxes. Then, in my narratives, I explain that this is a new development/section or whatever, and that the property has not been assigned an APN at the time of appraisal.

Never get a gripe.

 

[xmusienb]

I do several new construction appraisals a month. All have unassigned APNs. An APN is not a legal description. It is necessary for the county assessor to tax the property only. Lenders and the assessors office rarely have the "new" APN. Rarely does the lender care if you narrate it accordingly. Don't sweat it.

BTW...I put UNASSIGNED in the APN box on the form, FWIW.

 

[Otis Key]

TBD or UNASSIGNED

 

[Debbie Ostlund]

"APN # --------- affects this and other properties as it is unsegregated."