Tiny home on acreage question(s)?

[Terrel L. Shields]

Never one stip.

And property taxes are a very separate issue from approvals necessary. I never known an assessor to even consult zoning maps here.

 

[Terrel L. Shields]

I have done dozens of MH's in

People will often have a manufactured home title surrendered to make them "permanent". They are on the real estate tax roll in Arkansas either way. In Oklahoma, some counties they are not on the real estate tax unless the title is surrendered and they have a permanent foundation. But permanent foundation or not, if they didn't do this "surrendering" thing, the land gets valued and the MH value is separate on the personal property rolls. But same taxes, same values. And zero difference in the market.

 

[Ariba]

Every state may be different. I have done dozens of MH's in 3 different states, and never once needed an engineer's report. Never one stip.

However, you always needed some sort of documentation that the property had a foundation and was permanently attached to the ground from someone else besides the word of the property owner. How else would mark the boxes on the manufactured form (1004C, HUD Data Plate, and Improvement Sections), or do you just not complete these sections? Appraisers are not qualified to do so and not completing those sections would disqualify the property of a mortgage loan.

 

[Ariba]

And property taxes are a very separate issue from approvals necessary. I never known an assessor to even consult zoning maps here.

Do you consult zoning maps?

 

[Ariba]

And property taxes are a very separate issue from approvals necessary. [Quote\]

Property taxes are not paid on personal property. Meaning that someone has to certify that the property is real property. So the question from the start is who?

 

[Terrel L. Shields]

Do you consult zoning maps?

Not in counties that have no zoning. Zoning is strictly in city limits here except for one county that has a rather feckless "zoning" for anything "agriculture" which allows up to 1 house per acre.

Property taxes are not paid on personal property.

WRONG... They most certainly are. I just paid mine today and its about a third of my total property tax bill - the rest is real property. Stop extrapolating your own state (whatever that is) laws to all states.

Meaning that someone has to certify that the property is real property.

Again, the assessor assesses it all and they don't give a **** here if the MH is sitting on concrete blocks or an engineered foundation.

Below is 5 acres with a double wide with engineered foundation PLUS it has a single wide on concrete blocks - recently removed (item 2 was a shed so I eliminated that page) Both are part of the REAL ESTATE

 

[Tim Hicks (Texas)]

The report will be ugly, but it can be done. Adjustment guidelines are just that, guidelines. How often on rural appraisals do we have exact matches anyway. Find some similar size homes, some on similar acreage and work it out.

 

[Carnivore]

Gosh. They need to get out more... I've probably done 100 or more since 2000 of less than 1,000 SF

I have lots of homes/SFR in my city/county less than a 1000 sf 400sf-600sf. Most are older homes in different states of repair/renovation.

Which Raises a Question. Define Tiny House I thought they were pre-assembled and moved by a trailer or possibly moved in modules and assembled on site.

We used to have a Modular Builder in our county. Some of the Homes were small enough could have been assembled at the plant and delivered or broke down in modules and assembled on site.

We don't have outrageously priced land. In my county you can buy a 1/4 acre lot for $15-20k. Some market segments like mine 1/2 - 3/4 acre lot can cost about 75k-90k.

The OP mentioned PV Panels. - If it has PV Panel system and this report/loan will be securitized by FNMA the Ownership of the PV Systems MUST be determined by the Lender. NOT THE APPRAISER.

B2-3-04, Special Property Eligibility Considerations (06/04/2025)

This topic contains information on Fannie Mae’s unique property eligibility requirements, including

selling-guide.fanniemae.com

"Lenders are responsible for determining the ownership and any financing structure of the subject property’s solar panels in order to properly underwrite the loan and maintain first lien position of the mortgage. When financing is involved, lenders may be able to make this determination by evaluating the borrower’s credit report for solar-related debt and by asking the borrower for a copy of all related documentation for the loan. The lender must also review the title report to determine if the related debt is reflected in the land records associated with the subject property. If insufficient documentation is available and the ownership status of the panels is unclear, no value for the panels may be attributed to the property value on the appraisal unless the lender obtains a UCC “personal property” search that confirms the solar panels are not claimed as collateral by any non-mortgage lender.

 

[Overimprovement]

However, you always needed some sort of documentation that the property had a foundation and was permanently attached to the ground from someone else besides the word of the property owner. How else would mark the boxes on the manufactured form (1004C, HUD Data Plate, and Improvement Sections), or do you just not complete these sections? Appraisers are not qualified to do so and not completing those sections would disqualify the property of a mortgage loan.

The lender/client decides what is acceptable to them. If I look under a MH and describe what I see, and check some boxes, and client is happy, what is the issue?

This entire concept is a bunch of hogwash to begin with, because ANY home can be moved, including site built stick homes. I have had MH moving professionals tell me give them a day and they can have nearly any home out of there. They know how to weld tongues and put wheels back on. So what good is that engineering report doing the lender in that case anyway? All a 'permanent' foundation does is increase the time to move it.

Fraud/outright theft is not stopped because of a piece of paper.

 

[Carnivore]

here ya go How to anchor a Tiny House. Lenders want some assurance the structure can't be easily blown away by a storm, hooked up to a Truck and hauled off.

North Carolina

https://www.ncdor.gov/media/2668/open#:~:text=Modular%20homes%20are%20built%20under,should%20be%20considered%20real%20property.

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