Land appraisal with extenuating circumstances

[mp2277]

What does the signing CG suggest since its H&BU is recreational, outside the scope of CR license?

Your assessment/tax card provider should have a robust search engine, allowing multiple criteria to be selected.
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What am I missing?
A certified residential appraiser in Virginia can appraise some non-residential recreational land, specifically non-complex recreational land with a transaction value or market value below $250,000.

"Certified residential real estate appraiser" means an individual who meets the requirements for licensure for the appraisal of or the review appraisal of any residential real estate or real property of one to four residential units regardless of transaction value or complexity. Certified residential real estate appraisers may also appraise or provide a review appraisal of nonresidential properties with a transaction value or market value as defined by the Uniform Standards of Professional Appraisal Practice up to $250,000, whichever is the lesser.

 

[mp2277]

Do you have any State or Federal land in your area, that may surround a private parcel that has sold separately? In my area the State/Feds own large tracks of land that are open to the public and there are a number of 10 to 80+ acre parcels that are basically landlocked within this Government owned property. If pushed, generally by a lender, the State/Feds will provide a non-exclusive easement for ingress and egress, and due to the rural nature, limited access (unimproved two tracks), lack of utilities, zoning, etc. these are hunting parcels and will not be developed in the foreseeable future.

There's lots of National Forest in my area however I have never encountered any adjacent parcels that restricted SFR development.

 

[Terrel L. Shields]

r I have never encountered any adjacent parcels that restricted SFR development.

You probably won't except Nature Conservancy purchases. We have a lot of them here. hunt for thos.

 

[mp2277]

You probably won't except Nature Conservancy purchases. We have a lot of them here. hunt for thos.

I talked to a semi retired appraiser and Realtor in a rural area, he said every Nature Conservancy he has been involved in allowed at least one SFR house to be built.

 

[Terrel L. Shields]

he said every Nature Conservancy he has been involved in allowed at least one SFR house to be built.

I've had the opposite experience. All development is stopped. There may be a house on the property but they are buying the development rights more than anything else. I know one that actually had a 6 house poultry farm on it. They simply closed the barns. They took 3 houses off this property. This is what usually happens.
Today, 10 years earlier

 

[JTip]

What am I missing?
A certified residential appraiser in Virginia can appraise some non-residential recreational land, specifically non-complex recreational land with a transaction value or market value below $250,000.

"Certified residential real estate appraiser" means an individual who meets the requirements for licensure for the appraisal of or the review appraisal of any residential real estate or real property of one to four residential units regardless of transaction value or complexity. Certified residential real estate appraisers may also appraise or provide a review appraisal of nonresidential properties with a transaction value or market value as defined by the Uniform Standards of Professional Appraisal Practice up to $250,000, whichever is the lesser.

"the market value of the 51 acres is $249,999" lol

Interesting, didn't know a CR could do that in your state. That would be a bummer if your opinion of value exceeded the cap on any assignment.

 

[mp2277]

"the market value of the 51 acres is $249,999" lol

Interesting, didn't know a CR could do that in your state. That would be a bummer if your opinion of value exceeded the cap on any assignment.

I think that would be apparent early on and I would withdraw from the assignment. And I think that is applicable nationwide.

 

[Terrel L. Shields]

And I think that is applicable nationwide.

some states are different