New construction townhome, CAD indicates land code as C2- Real Vacant Commercial?

[KJR2008]

Townhome purchase transaction for AMC, appraisal district indicates the land class code as C2-Real, Vacant Commercial. Should I not go any further with working on this and call the AMC? Thanks

 

[Terrel L. Shields]

I would find out why the zoning allows for a townhouse? Go to the planning board and see if the zoning hasn't been modified. I see no reason why a Res appraiser could not do a townhouse regardless the zoning.

 

[Lee Lansford]

Townhome purchase transaction for AMC, appraisal district indicates the land class code as C2-Real, Vacant Commercial. Should I not go any further with working on this and call the AMC? Thanks

If you contact the AMC at this point, what, exactly, would you be telling them?

What's the "appraisal district"? Is this the authorative source for all things zoning for the municipality (or, whatever government structure there might be)?

Have you enquired of the authoritative source as to what is permitted under the zoning classification?

Are you certain--from the authoritative source--as to the zoning status of the subject?

 

[Webbed Feet]

Townhome purchase transaction for AMC, appraisal district indicates the land class code as C2-Real, Vacant Commercial. Should I not go any further with working on this and call the AMC? Thanks

Is this opposed to "C2-Fake, Vacant Commercial?" What does "Class Code" got to do with anything? Who "Classed" it? When was that last checked on and updated by the public employee that typed that into something?

To answer your question I'd have to say yes. I say that because you've not identified the problem(s), you've not identified the assignment conditions needed, you've not communicated with your client, and I'm pretty sure you've not established a well thought out engagement contract. So minus all that, how is it you intend to proceed anyway? Or, is the Scope of Work always just preprinted on a form and no additional thought or work in that regard is ever needed prior to accepting an assignment?

 

[CANative]

Townhome purchase transaction for AMC, appraisal district indicates the land class code as C2-Real, Vacant Commercial.

It's pretty common that multi-family developments are built on commercially zoned lands. You're appraising an SFR which is within the scope of practice for a certified residential appraiser.

 

[Webbed Feet]

It's pretty common that multi-family developments are built on commercially zoned lands. You're appraising an SFR which is within the scope of practice for a certified residential appraiser.

True, but that doesn't mean all subsections of the Ethics Rule have been, or can be, complied with for any specific assignment by any specific appraiser regardless or not if their license is within scope of the property type.

 

[CANative]

What does the Ethics Rule have to do with this thread? The HBU question was apparently solved and the evidence is that someone built new townhouses on the land instead of a commercial structure.

More AF nonsense.

 

[Webbed Feet]

What does the Ethics Rule have to do with this thread? The HBU question was apparently solved and the evidence is that someone built new townhouses on the land instead of a commercial structure.

More AF nonsense.

The Ethics Rule is just a little paramount in every assignment any independent fee appraiser located in a USPAP mandatory state (or one saying they are complying with the USPAP) accepts. Consideration involved in the acceptance or rejection by an appraiser of a potential assignment should go considerably beyond if it simply is within their license scope or not. License scope is merely a first thought that darn well should be followed by many other more serious thoughts prior to assignment acceptance.

But to give you your due, I'm just positive that practically every state board in the Union ends up with appraisers, physically appearing before them probably every week of the year, who all decided my above paragraph was just more nonsense also. But then, a good number of those didn't make it past the scope of license part as well.

You're funny! Hey, can you imagine?

Appraiser to state board: "This is nonsense!"

Board Chair: "Yeah, that's typically what we are thinking as well."

 

[CANative]

What are you talking about?

The OP is a CR appraising a townhouse.

 

[Webbed Feet]

What are you talking about?

The OP is a CR appraising a townhouse.

And, what was the posters question?