Does ANSI apply?

[NJ Valuator]

Subject is a condominium owned unit within a 3 story building. The subject is located on the 2nd & 3rd floors with another separate unit on the 1st floor.

Kitchen, dining, living, 2 bedrooms, and 2 baths are on the 2nd floor with an enclosed loft on the 3rd floor. As noted there is another separate unit below the subject's, and the subject is attached on one side to another unit and attached at the rear to another unit.

See attached floor plan(scribbling is not mine) and the location of the subject within its building. Subject is 526 with 525 being the unit below it. You can also see the units to the right and the units behind it.

My hunch is that ANSI does not apply but what say you?

 

[Fernando]

Subject is a condominium owned unit within a 3 story building. The subject is located on the 2nd & 3rd floors with another separate unit on the 1st floor.

Kitchen, dining, living, 2 bedrooms, and 2 baths are on the 2nd floor with an enclosed loft on the 3rd floor. As noted there is another separate unit below the subject's, and the subject is attached on one side to another unit and attached at the rear to another unit.

See attached floor plan(scribbling is not mine) and the location of the subject within its building. Subject is 526 with 525 being the unit below it. You can also see the units to the right and the units behind it.

My hunch is that ANSI does not apply but what say you?

I thought ANZI doesn't apply to condo units.

 

[sputnam]

ANSI is required for single family dwellings... attached or detached.. when a complete interior/exterior inspection is performed. It applies to 'townhouse style' condominiums. It doesn't apply to units that are stacked... for example, a condominium unit on upper floors of a multi-floor building. Of course, you are allowed to use ANSI methodology even when it's not required.

My personal approach to condominiums is to download the condo plat.. which usually has plans of the units and is the legal description of the property... and use the dimensions from the recorded plans. Unless... it's townhouse style... in which case, just measure like always.

 

[Tom D]

this is an interior condo, another unit on top. no ansi. very short thread.

 

[Zoe]

Just measure inside walls on each level. The condo owns the exterior walls and adjoining walls.

All levels are GBA if none are below grade. Not a big deal if a level is below grade. Just measure inside walls.

 

[Dublin ohio]

All levels are GBA if none are below grade

?????

 

[Tom D]

all levels are GLA. it has become big here when they build a new townhouse 2 or 3 unit condo project to have the basement finished as nice as the uper levels. can't tell the difference except for the windows to be sitting higher.

 

[Zoe]

all levels are GLA. it has become big here when they build a new townhouse 2 or 3 unit condo project to have the basement finished as nice as the uper levels. can't tell the difference except for the windows to be sitting higher.

On condo, GBA and GLA are different on real property rights most times.

The owner has real property rights on interior. The condo owns the exterior in many, many condos.

 

[Tom D]

zoe, your appraiser lingo is past my comprehension. i'm big city, never have heard term condo gba. what a world of appraising wonder. have seen it on 2-4 family form.

 

[NJ Valuator]

I thought ANZI doesn't apply to condo units.

Just measure inside walls on each level. The condo owns the exterior walls and adjoining walls.

All levels are GBA if none are below grade. Not a big deal if a level is below grade. Just measure inside walls.

there is no issue with anything being below grade.