Property Valuation
Assemblage in Iowa real estate refers to:
ASubdividing a large parcel into smaller lots
BCombining two or more adjacent parcels to create a larger, more valuable tract✓ Correct
CPreparing documents for a closing
DAssembling an appraisal report
Explanation
Assemblage is the process of combining adjacent parcels under single ownership, often resulting in plottage value — an increase in total value above the sum of the individual parcel values when combined.
Related Iowa Property Valuation Questions
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- The income approach to value is MOST appropriate for which type of property?
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