Using A 20 Mile Radius As The Neighborhood

[residentialguy]

The definition requires complimentary land used (plural). I live in a very large subdivision, but it is composed entirely of SFRs. No bank. No markets. None of the complimentary uses necessary for residential living.

Really....it requires all that, huh? I don't think so. A park is complementary to a residential lot, which is complementary to other residential lots. My local gated golf course is it's own neighborhood.

 

[Meandering]

Maybe But Coops can be a membership that goes over multiple states. Coops might be more of a market area boundary

And where did you see states mentioned in your definition? States are arbitrary boundaries not delineated by complementary uses or external influences. They may create external influences, but again, you need a definition that works.

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[Meandering]

Really....it requires all that, huh? I don't think so. A park is complementary to a residential lot, which is complementary to other residential lots. My local gated golf course is it's own neighborhood.

Nope,

It's its own community.

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[residentialguy]

And where did you see states mentioned in your definition?

I didn't and they would not fall into neighborhood. Are you suggesting that residential neighborhoods can be multiple states? Common sense is a requirement

 

[residentialguy]

Nope,

It's its own community.

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It's both.

 

[The Warrior Monk]

A neighborhood is just an area of complementary land uses. The term "neighborhood" is used in appraisals to show external influences that directly affect the value & marketability of the subject. "Market area" deals with comparables. Sometimes they are the same boundary...sometimes the market area incorporates multiple neighborhoods. The Neighborhood boundaries may contain non comparable property types, as well as commercial properties that serve the residents of the neighborhood, whereas the boundaries of the subject's "Market area" will be defined first and foremost by the proximity of comparable properties. Of course, FNMA in it's typical blundering fashion created more confusion by blurring the lines between "neighborhood" and "market area" by occasionally using the 2 terms interchangeably.

I was running into too many situations where the neighborhoods and market areas did not match up, so I define them separately in each report. It can be as simple as stating that the market area boundaries are the same as the neighborhood boundaries. For more segmented market areas, it may be a list of areas with the boundaries of each area identified.

 

[Meandering]

Let me refer you to this on page 1, without having to copy and paste and worry about possible copy write issues.

Professional Appraisal Reference Works on page 1

http://ncarea.org/images/Neighborhood-MarketAnalysis.pdf

and then I'll refer you to the table at:

http://www.miamidade.gov/planning/library/reports/supportive-and-complimentary-uses.pdf

prefaced by this quote from the same link:


Uses listed in the table are noted as supportive, complementary, potentially incompatible or


incompatible. The word “supportive” refers to those uses that provide direct benefits to the local


agriculture industry. Supportive uses can and should locate in close proximity to agriculture


production areas to create symbiotic economic efficiencies. In some cases, supportive uses are


associated with or accessory to farm operations. Uses that are indicated as “complementary” can

operate in close proximity to commercial agriculture businesses, but do not significantly contribute to


agriculture production. Complementary uses include a diverse range of activities with no significant


negative impacts on the viability of most agriculture operations. In some cases, complementary uses


are associated with or accessory to agricultural operations. Incompatible uses are those that tend to


either significantly interfere with agriculture operations or are negatively affected by generally


accepted agricultural practices on neighboring lands.


And I'll caveat that the table is for Miami-Dade County in Florida.

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[residentialguy]

Let me refer you to this on page 1, without having to copy and paste and worry about possible copy write issues.

Professional Appraisal Reference Works on page 1

I have this already saved in my docs

In contrast, a neighborhood is defined more generally as “a group of complementary land uses.” In other words, the neighborhood boundaries in which the subject property is located may contain residential properties that are not comparable to the subject as well as commercial properties that serve the residents of the neighborhood

"may" is a possibility, but not a requirement.

 

[DWiley]

Really....it requires all that, huh? I don't think so...

I did not say that those were all required. Those are examples of complimentary uses.

What I see a LOT is a defined area that includes only one type of use, and that, by the very definition that you posted, is not a neighborhood.

 

[residentialguy]

I did not say that those were all required. Those are examples of complimentary uses.

What I see a LOT is a defined area that includes only one type of use, and that, by the very definition that you posted, is not a neighborhood.

I understand what you are saying and I agree that happens too often, however there are cases where communities are neighborhoods. That HOA office with amenities and/or that pond area is complimentary to the surrounding residential homes.