Property Valuation
In Alaska, 'assemblage' refers to:
AThe process of dividing a large parcel into smaller lots
BCombining two or more adjacent parcels into a larger parcel to increase utility and value✓ Correct
CGathering comparable sales data for an appraisal
DThe physical collection of building permits before construction
Explanation
Assemblage is combining two or more adjacent lots into a single larger parcel. The resulting larger parcel may be worth more than the sum of the individual lots because of its increased utility for development — this added value is called plottage.
Related Alaska Property Valuation Questions
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