Property Valuation
What is 'plottage' (assemblage) in real estate valuation?
APlotting land on a survey map
BThe increased value resulting from combining two or more adjacent parcels into a single, larger, more valuable parcel✓ Correct
CThe division of a large parcel into smaller lots
DThe cost of plotting a subdivision map
Explanation
Assemblage is the combining of two or more adjacent parcels. Plottage is the increase in value that results from the assembled parcel being worth more than the sum of the individual parcels. This often occurs in development situations where a larger combined site has greater utility.
Related California Property Valuation Questions
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