Property Valuation
What is an assemblage premium in real estate valuation?
AA premium for luxury properties
BAdditional value created by combining multiple parcels into one larger parcel worth more than the sum of its parts✓ Correct
CA fee charged by assemblers of investment portfolios
DThe value added by improvements
Explanation
Assemblage occurs when combining multiple parcels creates greater value than the sum of individual values. This 'plottage value' arises because the combined parcel may allow development not possible on the individual smaller parcels.
Related Ohio Property Valuation Questions
- In Ohio, the 'gross income multiplier' (GIM) differs from the 'gross rent multiplier' (GRM) in that:
- If an Ohio property's NOI is $50,000 and it sells at a 6.25% cap rate, what is the sale price?
- The gross rent multiplier (GRM) is calculated by dividing the:
- Which type of value is most relevant for an Ohio property tax assessment?
- When an Ohio appraiser reconciles multiple value indications, the FINAL value conclusion is:
- Which of the following is an example of 'plottage' (assemblage value) in Ohio real estate?
- Which appraisal approach is considered MOST reliable for single-family homes in Ohio's active residential markets?
- An Ohio appraiser makes a '+$5,000' adjustment to a comparable sale. This means the comparable:
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