Can someone explain the appropriate use of the term "zero lot line" in the 1004.

[KJR2008]

Assignment is a Townhome, I have lot size for the subject and one of the four comps. The subject and all comps are attached units. My limited understanding of "zero lot line" is when the improvements extend to lot boundaries, if that is not right, please correct me. Is it appropriate to enter "zero lot line" in the site grid line where I typicall would enter sit size in SF? Thanks all

 

[Joyce Potts]

A townhome is an architectural design, at least my market. That term generally suggests those improvements are are two-story, attached. They CAN BE zoned as EITHER condos or SFR attached dwellings.

While you might find the term zero lot line defined in some Real Estate Dictionary, I think it's conntation is often 'tweaked' depending on certain markets. In mine, if at least one side of the structure ACTUALLY sits on at least one of the lot boundary lines, most Realtors like to call that a zero lot line. I've seen others where the outside walls fit exactly on the 'site' and often referred to as a 'footprint'.

Not sure this Forum will ever agree on a universal defintion, but we'll see.

 

[Bob Ipock]

You are correct. A zero lot line means the zoning allows for structures to be built "on the line" with no side set backs.

For a townhouse the site size would be the foot print of the structure (assuming they do indeed own the land under the unit as would be the case for a town home) (at least as a legal description under our state law).

 

[Bob Ipock]

A townhome is an architectural design, at least my market. That term generally suggests those improvements are are two-story, attached. They CAN BE zoned as EITHER condos or SFR attached dwellings.

While you might find the term zero lot line defined in some Real Estate Dictionary, I think it's conntation is often 'tweaked' depending on certain markets. In mine, if at least one side of the structure ACTUALLY sits on at least one of the lot boundary lines, most Realtors like to call that a zero lot line. I've seen others where the outside walls fit exactly on the 'site' and often referred to as a 'footprint'.

Not sure this Forum will ever agree on a universal defintion, but we'll see.

In NC the difference between a town house and a condominium is the ownership of the land. With a town hose.....you own the land and of course with condo. you only own from paint to paint inside.

 

[Mike Kennedy]

http://appraisersforum.com/showthread.php?t=121447

 

[Terrel L. Shields]

A zero lot line does not mean there is only a footprint. It can mean there are two average sized lots, but the houses are joined at the property line....like dividing a duplex up into two lots. The developers like to call them "Patio homes"...I like to Pz them off and call them duplexes...

 

[Pilgrum]

From the dictionary of Real Estate Appraisal.

zero lot line. In zoning, the location of a structure on a lot so that one or more
sides rest directly on the boundary line of the lot, i.e., there is no setback
of the building.​

 

[Bob Ipock]

http://www.sellershinshaw.com/legal-glossaryz.html



LOTS of different definitions across the country.

 

[Tim The Enchanter]

Most of the ones I've seen the house sits right on the side property line. It's not attached to the next house, but you have no access to that outside wall of your house, except from the neighbors yard. Which of course has a block wall.

 

[VegasWayne]

You should still enter the lot size on the grid. Locally a zero lot line is a detached property that has no set backs on at least one side. It means an appraiser using a tape would have to go on the neighbor's property to get an exterior measurement on one wall. If the records indicate that the lot size is zero you are probably looking at a condo.