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

[Lee Lansford]

It would be helpful if the OP would return and tell us more.

 

[Riick]

"C2-Real, Vacant Commercial"
Well, there you have it, that land's supposed-to-be-Vacant.
Stop! and notify a chimp, or orangutang at the AMC
You can't jes plop a townhouse down on suppose-to-be-vacant land

 

[Webbed Feet]

All and all, this is a pretty good thread.

If we wove several threads together do we get yarn?

 

[Papoua Jose]

Unless it's been declared a condo, a townhouse style attached dwelling is Fee Simple ownership.

 

[CANative]

My bad, Not enough coffee today.

What does the building style have to do with anything?

I don't know. You brought it up.

If the improvements are already existing then it hardly matters what the underlying zoning is. I doubt if they built this new townhouse illegally. I SUPPOSE it's possible but it's NOT LIKELY.

Go to the simplest explanation first. Residential uses are allowed in that jurisdictions C2 district, the assessor has not changed the use code yet.

All the OP has to do is call the planning department (or look it up on-line) and get the allowed or permitted uses and call the assessor and find out why it still says "vacant."

 

[Meandering]

Actually, your bad.

The OP referred to the subject property as a townHOME.

You're the one that brought up the style and inserted it into the discussion like it meant something.

.

 

[CANative]

I think you need some time off in a quiet place Marion.

I didn't bring it up, you did. You're obsessed with the C2 zoning designation and the OPs Residential license.

 

[Meandering]

I think you need some time off in a quiet place Marion.

I didn't bring it up, you did. You're obsessed with the C2 zoning designation and the OPs Residential license.

Oopppsss your bad again,

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.

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.

What are you talking about?
The OP is a CR appraising a townhouse.

FTR... My assumption is that the improvements are already built and they consist of a one unit, attached SFR.

I did not say anything about the OP's license, you, and Terrel did.

If you think zoning has no impact on value......well seriously,

call your doctor and have them adjust your medications because they obviously are causing you hallucinations.

 

[Webbed Feet]

Unless it's been declared a condo, a townhouse style attached dwelling is Fee Simple ownership.

I strongly recommend a couple of eight hour continuing education classes on basic real estate law as taught to real estate brokers. You should find some and take them as soon as possible.

 

[Meandering]

Oh come on Webbed.

Didn't they tell you that in appraisal school that all residential property is fee simple until leased?



That was class right after appraisers don't have to comply with USPAP if there is box to check.


:Eyecrazy:



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