- May 19, 2016
- Professional Status
- Certified Residential Appraiser
With both of these lots the property is still non conforming due to size. assuming the town would not allow for a variance, the HBU is current use correct?
Lets say though that the bigger lot was legal conforming on its own? that second lot in the box (lower lot) has value if the abutting neighbor wanted it. We don.t know if the neighbor would be really interested but would highest and best use be to sell the second lot to neighbor as the home could stand without it? I rarely come across these so I thought Id ask you folks. Im just not even sure what a property would be worth to a neighbor since he is the exclusive market to that lot.