Property Valuation
What is 'assemblage' versus 'plottage' in Oregon real estate?
ABoth terms mean the same thing
BAssemblage is the process of combining two or more parcels; plottage is the value increment resulting from the combination✓ Correct
CAssemblage is used in commercial appraisal; plottage is used in residential
DAssemblage refers to building multiple structures; plottage to grouping them
Explanation
Assemblage is the process of combining two or more adjacent parcels under one ownership. Plottage is the increase in value that results from the combined parcel being worth more than the sum of the individual parcels. Developers in Portland and other Oregon cities seek assemblage opportunities where multiple smaller lots can be combined for a larger, more efficient development.
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