Caryn Zeh
Freshman Member
- Joined
- Jul 14, 2007
- Professional Status
- Certified General Appraiser
- State
- New York
I am appraising a 35 acre vacant parcel to have development rights donated. Current use is agricultural. Half of the parcel runs parallel to the river and is in a flood plain. Therefore, we are looking at only roughly 17 acres having an effect by losing development rights. Town has no zoning.
Directly adjacent is a 5 acre parcel of land held by the same owner, and at the other side is a 150 acre farm owned by the daughter. In fact, she farms the subject 35 acre parcel. So, we are definitely looking at Enhancement.
I know I must appraise the WHOLE before and after, so that accounts to roughly 190 acres....
My question is this--Am I appraising a farm (w/house and barns etc.) with 190 acres or three parcels of land totalling 190 acres ?
Directly adjacent is a 5 acre parcel of land held by the same owner, and at the other side is a 150 acre farm owned by the daughter. In fact, she farms the subject 35 acre parcel. So, we are definitely looking at Enhancement.
I know I must appraise the WHOLE before and after, so that accounts to roughly 190 acres....
My question is this--Am I appraising a farm (w/house and barns etc.) with 190 acres or three parcels of land totalling 190 acres ?