Mr Rex
Elite Member
- Joined
- Jan 12, 2004
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Waterfront feet is waterfront feet.
I don't adjustment based on linear footage for these types of assignments, because I haven't been able to establish a pattern based on this factor. Lot utility and setting seem to be more important.
Linear feet adjustments seem to work better with rectangular lots, as lot utility/linear feet are often proportional. With irregular lots with water on several sides, it is not unusual to have a lot with greater linear footage have less utility than a lot with significantly less linear footage along the water.
Yep. It tickles me when I see a RE agent fawn over X water frontage that is created because the shoreline is highly irregular ~~~~~~ creating "water frontage" but a linear measurement straight across the shore line reduces the "water frontage" by 50%...
