Residential With Non-contiguous Lots

[Howard Klahr]

situation described by the OP is actually correct, it would be a highly unusual situation

Agreed

 

[gregb]

Agreed

Which probably means Denis's post was on the money.

https://appraisersforum.com/forums/threads/residential-with-non-contiguous-lots.215908/

 

[Meandering]

I canoed down there too, in the '70s. A creek with a funny name, that escapes me now.

I used to have friends down that way, they have since gone to Texas.

.

Remembered it
The Wading River.

.

 

[Meandering]

Which probably means Denis's post was on the money.

https://appraisersforum.com/forums/threads/residential-with-non-contiguous-lots.215908/

Technically correct.

In the real world, we'll have to wait and see if HAL has a melt down hissy fit, and the appraisal comes back with an unacceptable score.

If the lender is holding the paper, that's one story, but, trying to get even a very well written appraisal past some of these AMCs and their "auto review upload" software, foreigner "QC" people and then Fannie's bleeping machine, might not even be worth the effort.

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[Howard Klahr]

Which probably means Denis's post was on the money

No, not if splitting the property results in an illegal use

 

[Michigan CG]

While I understand that the parcels are not contagious,

Is this something that can be cured with a shot like a flu shot or should one consult a specialist?

 

[Howard Klahr]

one consult a specialist?

Always consult a specialist, do even need to really ask?
Damn auto-correct

 

[KHS445]

Request a copy of the title insurance commitment and see if you can determine when these parcels were originally placed under common ownership. Check with the building department and see when the dwelling was constructed. Lastly check the date of the current zoning ordinance. You may find the construction predates the 25 acre requirement and the smaller parcel maybe grandfathered. The title commitment may uncover an agreement whereby the dwelling was allowed to be constructed if additional acreage was basically taken offline and attached by agreement to the dwelling parcel.

You could always offer the client the option of receiving two reports. One for the dwelling and 6 acres with strong wording on how this does not meet current zoning requirement, but if an exemption is received or it is grandfathered here is the value. The second report would be for the two (assumed to be) adjoining parcels. But again if they are in a similarly zoned area you would need to inform your client that these are not buildable lots without either an exemption or their being grandfathered.

While an interesting excercise all the research and legal interpretation is beyond our pay grade. I would double check what you have been told with the lead zoning official and if found to be true, then report your findings to your client. Be sure to document everything.

 

[Carlos Danger]

It looks like it was the Pine Barrens. The OP went out to inspect the other parcels and JD got him.

 

[Meandering]

It looks like it was the Pine Barrens. The OP went out to inspect the other parcels and JD got him.