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Residential lot sizes Bloomfield area

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CANative

Thread Starter
Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
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?
 

CANative

Thread Starter
Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
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

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May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
My own experience in rural properties, rather than urban is restrictions and water availability are more dominate issues
 
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