Master Planned Development

[Dublin ohio]

Why all of the consternation over what it is. I have never seen a definition of a planned development that is dependent on size. A planned development is a planned development They can vary in size and composition. Is there some specific reason why are you so concerned about "perception". Is there some type of master hoa for the whole development. I am guessing your are appraising a SFR in a part of the planned development that is it's own pud or maybe a condo with it's own hoa. What is the issue.

 

[Surf Cat]

I am guessing your are appraising a SFR in a part of the planned development that is it's own pud or maybe a condo with it's own hoa. What is the issue.

This is true and a good point. I have appraised in a section of a large development that had it's own particular subdivision name within the main development. The main development and the subdivision are typically named in the plat maps here in CA. Or, in the legal description of the property profile.

 

[OSU Beavers]

The Property Tax Rate for new houses in your Master Planned Developments are Bonkers! 3.6% to 3.8% WTH!

 

[Andee]

There are a few differing legal description names but all have the main name of the development in the legal description. The HOA fees also vary greatly, and I'm not just talking about the townhomes and condos being higher than typical because of shared walls. The SFR properties similar to the property I'm working on have a lower HOA fee, with the smaller properties that have zero lot line or no yard to speak of having much higher HOA fees. Then the taxes have 2 different line items being paid for the Management District and the Planned Improvement District on top of the regular taxes. Typical planned developments or HOA type developments out here don't have the extra taxes unless they are a huge development like this one.

 

[Dublin ohio]

Then the taxes have 2 different line items being paid for the Management District and the Planned Improvement District on top of the regular taxes

Taxes or special assessments. Have a number of planned developments that have one or more special assessments for infrastructure improvements and they are not all that large. Some are residential only. I still don't understand the issue. If you are appraising an SFR section with it's own hoa. What bearing does what you call the complete development. I just completed one in a similar development that you described. Has two seperate special assessments. The SFR section is a pud with it's own hoa. There are residential over commercial buildings, attached ranch and townhouse rentals, low rise apartments. They are all part of the planned development but that is about it. I just don't see the issue

 

[sputnam]

Can we use the words "Master Planned Development" these days or will we get slapped on the hand. I would call it a "Planned Development" if it were smaller but it's over 1,200 acres, with multiple builders, various dwelling types, multiple parks, an elementary school, retail, several community recreation centers, on it's own lake, which also has water activities for the lake. The dwellings are anywhere from Condo/Apt style to 7,000+ sf custom builds. To me a "Planned Development" is much smaller and doesn't have everything this one has.

Saying 'Planned Development' doesn't imply size and there is no need to call it anything else. Presumably you are going to describe it in the report.

 

[KHS445]

Proposed Community Development

 

[Tom D]

Master Planned Development brings up the 1800's when the master planned all them little huts for the non payed employees. And i'm not even thinking as a race baiter.

However, from the racist city of chicago planning policy handbook

MASTER PLANNED DEVELOPMENTS Master Planned Developments (Master PDs) are Planned Developments that are of a size, complexity, density and/or intensity whereby they may have impacts in the surrounding neighborhood, beyond just the immediate site, and adjacent right of ways and properties. Master PDs are of a scale and complexity that input from the immediate surrounding community is necessary to ensure that all potential impacts on the surrounding neighborhood and supporting infrastructure are identified and vetted throughout the design development and project approval process