Property Valuation
What is 'assemblage' in real estate?
AThe construction of a new building
BThe combining of two or more adjacent parcels into one larger parcel✓ Correct
CThe process of subdividing land
DThe appraisal of multiple properties at once
Explanation
Assemblage is the process of combining two or more adjacent parcels into a single, larger parcel. The resulting increase in value is called 'plottage.'
Related California Property Valuation Questions
- A neighborhood is zoned residential but has deteriorating properties, declining rents, and increasing vacancies. What stage of the neighborhood life cycle does this describe?
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