- Dec 18, 2005
- Professional Status
- Certified Residential Appraiser
I was asked to appraise a residence that sits on one lot and five connected/adjacent vacant lots as one property (all currently owned by the same individual). Currently, the five adjoing lots are seperately platted and have individual tax id's, parcel numbers, etc. I advised that I would need to make the appraisal "subject to" a hypothetical conditon that the seperate lots are one site. I was told this should be an "as-is" apprasial since they are already owned by the same individual. This property is rural so there are no zoning restrictions, etc. Is this an "as-is" appraisal or a "subject to" appraisal? Any help would be greatly appreciated.