Property Valuation
Assemblage in Minnesota real estate valuation refers to:
ACombining appraisal approaches to reach a final value conclusion
BThe process of combining multiple adjacent parcels into a larger unified parcel✓ Correct
CAdding improvements to increase property value
DGathering sales data for a market analysis
Explanation
Assemblage is the process of combining two or more adjacent parcels into a single, larger parcel. The resulting increase in value (when the assembled parcel is worth more than the sum of the individual parcels) is called plottage. Assemblage is important in urban redevelopment and large commercial projects in the Twin Cities metro.
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