Property Valuation
Plottage value refers to the increase in value when:
AA property is subdivided into smaller lots
BAdjacent parcels are assembled into one larger parcel✓ Correct
CA property is rezoned to a higher use
DImprovements are added to a vacant lot
Explanation
Plottage (or assemblage) value is the increased per-unit value that results from combining two or more adjacent parcels into a single larger parcel.
Related Indiana Property Valuation Questions
- A capitalization rate of 5% in the Indianapolis market versus 8% in a rural Indiana market suggests that:
- In a sales comparison approach, a positive adjustment is made to a comparable when:
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- A competitive market analysis (CMA) is prepared by a broker and is used primarily to:
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- The principle of regression in Indiana real estate means:
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