Definition Of Corner Lot

[Otis Key]

Originally posted by Bobby Bucks@Oct 17 2005, 05:47 PM
I've been making adjustments of 15 K for years...was I in the wrong? It was on that list they gave me in the sweat shop.

Dang it all. That's the amount. I lost my list and couldnt' remember the amount so I was making it up with $12,500!

Mike, the tax thing is pocket change, relatively speaking, but when you tell an HO that they are paying higher taxes for that "benefit", their eyes get very big. :rofl: :rofl:

 

[Joker]

Have you PRICED cigarettes lately???

 

[Ariba]

I go along with the street intersection definition. Not any value only twice the traffic noise and twice the snow shuffling in the winter months.

Ron
AppraiserPlus.com

 

[Pamela Crowley (Florida)]

Originally posted by Bobby Bucks@Oct 17 2005, 06:47 PM
I've been making adjustments of 15 K for years...was I in the wrong? It was on that list they gave me in the sweat shop.

BUT, that's only if you need to inflate the value. NEVER make that adjustment in the negative!!!

:rainfro:

Sikppy tricks!

:dance:

 

[TC]

Originally posted by Cynthia Hamilton@Oct 17 2005, 05:52 PM
I live on a corner with a stop sign and it is very noisy. twice the boom boom boom from the under 25 male crowd, more trash, gee, what else?

Corner lots, worth more?, don't think so. Every Sunday I picked up thrown beer bottles, damn, they were empty.


TC

 

[Phil McDonald]

My Take in Colorado

Interior Lot - Shovel snow from one sidewalk
Corner Lot - Shovel snow from two sidewalks

Additional value? Never made an adjustment for a corner lot. Never saw a measurable value difference.

 

[jay trotta]

Corner Lot; streets cover half a squared lot - measured triangularly

irregular lots are measured irregularly

several small parcels can become alot

the number of pelts one trades for the advantage.........priceless B)

disadvantage - dunno

h34r:

 

[sonny caldwell]

Phil said it correctly


"Additional value? Never made an adjustment for a corner lot. Never saw a measurable value difference. "


keywords: MEASURABLE value difference.


So does the appraiser decide the value , or is it found in the market? :asleep:

 

[Carnivore]

hmmmm, I have an urban residential neighborhood where corner lots sell at a huge premium. Typically a lot sells for a per sft price from $20-$27 dollars(1 acre=$1,000,000, 1/2 acre 500k-750k, 1/4 acre 350k-650k) . Corner lots are at the high side. Front footage adds, narrow lots take away.

I suppose its all about the market.

 

[hastalavista]

Originally posted by Andrew Picarsic@Oct 18 2005, 07:01 AM
hmmmm, I have an urban residential neighborhood where corner lots sell at a huge premium. Typically a lot sells for a per sft price from $20-$27 dollars(1 acre=$1,000,000, 1/2 acre 500k-750k, 1/4 acre 350k-650k) . Corner lots are at the high side. Front footage adds, narrow lots take away.

I suppose its all about the market.

It must be all about the market.

Your “urban residential” lot sizes of ¼ to 1 full acre are “estate” lots where I am.
Our typical lots (3,500-10,000sf) show no difference in the location of corner vs. non-corner.