Residential lot sizes Bloomfield area

[CANative]

On Mills Lane in Bloomfield. Subject has 5.5 acres. All comps uses are less than one acre (except on comps with 2 acres.) No adjustments made for differences in lot size (report says all have similar utility.)

I'm looking at aerials and the topography looks basically level. Kind of light wooded areas, perhaps even pastoral.

A broker type asked me to look at an appraisal (done by Dart appraisal) where the appraiser keeps flip flopping on condition ratings and has made very inconsistent adjustments on other features.

Does it make sense to use sales with much small lots? Does it make sense not to adjust for the differences?

 

[Mike Kennedy]

http://bloomfieldct.org/Resources.ashx?id=b2100d41-f2c7-410e-b8ee-03d1fb5ccfc8

http://bloomfieldct.org/Plugs/Planning.aspx

http://www.qpublic.net/ct/bloomfield/search.html Assessor's Database

Assessor's street search Mills Ln (link posted inoperable, access from the Assessor's link above)

 

[CANative]

Thanks Mike. The sales search was very helpful. A quick glance appears to support the appraisers analysis that lot size doesn't mean much (i.e. a lot is a lot.)

 

[Terrel L. Shields]

My own experience in rural properties, rather than urban is restrictions and water availability are more dominate issues