Property Valuation
Assemblage and plottage are relevant to property valuation primarily when:
AA single owner sells all their property at once
BAdjacent parcels under separate ownership are combined to create a more valuable larger parcel✓ Correct
CA property is subdivided to create multiple smaller lots
DProperty values are falling due to neighborhood decline
Explanation
Assemblage (the combining of adjacent parcels) can create plottage value when the assembled parcel is worth more than the sum of its individual components. This commonly occurs in commercial real estate development when a developer assembles multiple parcels to create a site large enough for a desired project.
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