Property Valuation
In Iowa, the term 'assemblage' in real estate refers to:
ACombining multiple adjacent parcels into a larger parcel that may have more value✓ Correct
BSubdividing a large parcel into smaller lots
CConverting a commercial building to residential use
DThe process of zoning a new development
Explanation
Assemblage is the process of combining two or more adjacent parcels into a single, larger parcel. The resulting larger parcel may have a value greater than the sum of the individual parcels—this increase is called plottage.
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