• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Shared Well question

Status
Not open for further replies.

LUEDKE

Thread Starter
Freshman Member
Joined
Oct 10, 2008
Professional Status
Appraiser Trainee
State
Washington
Subject property has a shared well. The well sits on different site. The valves to the well are located on each property (on the outside of dwelling), NOT on the well "as it leaves the well, is this satifactory or do the valves have to be on the immediate well ? I can't find the answer in the handbook and curious if anybody could help?m2: thank you!
 

Jerry Bone Jr

Senior Member
Joined
Feb 23, 2004
Professional Status
Licensed Appraiser
State
Oregon
A requirement that specifies well valve location? Not that I've seen.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
9. How would shared well agreements be treated?
[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]Wells shared by up to four properties are acceptable provided that there is an acceptable legal agreement between the property owners, the quality of the water is found acceptable, there is sufficient capacity, and it is in accordance with local well codes. A shared well must have a shared well agreement and shall be binding upon signatory parties and their successors in title[/FONT][/FONT][FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman].
[/FONT][/FONT]
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks