• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Income approach and property rights appraised.

Status
Not open for further replies.

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
We have a really unusual case near us where in the 1920's some lands were leased to home builders because the developer of this Park gave that portion of the park that was in Oklahoma to the local city along with an existing lake they used for water. The city could not sell a lot except by open bid, so they opted to lease for 50 or 99 yr with renewal. But when the properties lease began expiring, they simply Quit claimed the lots to the homeowners. Try figuring that out!
 

Verne Hebert

Senior Member
Joined
Feb 25, 2002
Professional Status
Certified General Appraiser
State
Montana
Very interesting discussion; it certainly cleared out the cobwebs on the left side. I am working on a 1025 form for a property near the Canadian border. No zoning in the area. An interesting item I realized today because of the assignment--------the 1025 has no area in the cost approach for functional or external obsolescence to be noted.

Changing the topic a little. Soon I will begin a partial acquisition/condemnation assignment for highway road widening through one of the three indian reservations in montana--most of the land is owned in the ownership form of "allotment". I look forward to this assignment
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks