Present Land Use %

[Ariba]

How do you determine the Present Land Use % on page 1 of the 1004 Form? Do you include Streets, Parks, Golf Course, Lakes, Schools, Churches, Governmental Facilities, Recreation Centers, etc. in the "One-Unit" or "Other" category? What is your source for the 2-4 Units and Multi-Family information? How accurate is your information? How do you explain and/or disclose your rationale? What percentage of your reports have a % under "Other"

 

[Terrel L. Shields]

How do you determine the Present Land Use % on page 1 of the 1004 Form? Do you include Streets, Parks, Golf Course, Lakes, Schools, Churches, Governmental Facilities, Recreation Centers, etc. in the "One-Unit" or "Other" category? What is your source for the 2-4 Units and Multi-Family information?

Most people guess. But let's do it a "better" way. "Other" covers the streets and public grounds.

1 - define the neighborhood boundaries.
2 - How precise do you want to be?
3 - Determine the number of properties in the neighborhood, their zoning or character (1 SFR, Multifam, commercial)
4 - Now count them...or measure the percent of the zoning and hope it is zoned.
5 - waiting....
6 - waiting....
7 - Oh...that's a several hour project right? Plot the properties, get your handy dandy planimeter and aerial map out, estimate each site...by number? or by size?
8 - Guess

Just another Fannism that defies the notion you can do a 1004 in a day if you did it "right"...

 

[glenn walker]

Know your market and look around when you drive your comparables.

 

[Mr Rex]

Aerial photos.

 

[Randolph Kinney]

County zoning map plus aerial view.

 

[CindyR]

And yes, i use the other box. I just appraised a property in a neighborhood with a giant park. Neighborhood defined as a square mile major streets boundaries but 25% park (per estimate from aerial photos)

 

[Sid Holderly]

View of the zoning map and interpret by the color they parse with your knowledge of the misrepresentations shown.
For rural properties, it is much easier. Acres of farm land over acres in the county gives a good representation of the other percent (in my area 80% agricultural).

There is no good precise source.

 

[Vermonter]

Rural work makes it easier. I use each subject individual town as my neighborhood boundaries. Each town has a "town plan" with land use percentages which they update every 5-10 years. I work about 20 rural towns and have the pdf of each town plan on my hard drive.

Alamode had a feature that you could assign a quicklist from the neighborhood field to autopop the neighborhood data with one click, but it no longer works for me. I'm sure I probably did something to screw it up, but that was a nice feature.

 

[Stone]

Most people guess. But let's do it a "better" way. "Other" covers the streets and public grounds.

1 - define the neighborhood boundaries.
2 - How precise do you want to be?
3 - Determine the number of properties in the neighborhood, their zoning or character (1 SFR, Multifam, commercial)
4 - Now count them...or measure the percent of the zoning and hope it is zoned.
5 - waiting....
6 - waiting....
7 - Oh...that's a several hour project right? Plot the properties, get your handy dandy planimeter and aerial map out, estimate each site...by number? or by size?
8 - Guess

Just another Fannism that defies the notion you can do a 1004 in a day if you did it "right"...

I haven't done a report on a lending form in a decade, but I have to admit to pulling a couple of maps and then...guessing for the most part when I did.

 

[Howard Klahr]

What is your source for the 2-4 Units and Multi-Family information?

Tax roll information

How accurate is your information?

As accurate as the source data allows

How do you explain and/or disclose your rationale?

You are aware that there blank lines and that the software has the ability to add addenda pages to the report, right?

What percentage of your reports have a % under "Other"

Every one that requires it