Property Valuation
In South Dakota, 'assemblage' refers to which real estate concept?
ACombining multiple small parcels into a single larger parcel to increase value (plottage)✓ Correct
BSubdividing a large tract into smaller lots
CThe government's exercise of eminent domain over multiple properties
DGrouping comparable sales for appraisal analysis
Explanation
Assemblage is the process of combining two or more contiguous parcels into a single, larger parcel. The resulting plottage increment (increased value per unit) reflects the greater utility of the larger combined parcel.
Related South Dakota Property Valuation Questions
- A South Dakota property appraiser finds that a comparable sold for $250,000 with seller concessions of $8,000. What is the adjusted sale price for comparison purposes?
- Plottage value in South Dakota refers to the increased value that results from:
- In South Dakota, a 'desk review' appraisal means the reviewing appraiser:
- In South Dakota, which factor would most likely cause a DECREASE in cap rates (resulting in higher property values at the same NOI)?
- In South Dakota, 'neighborhood analysis' in an appraisal considers:
- An appraiser in South Dakota is estimating the value of a property using the sales comparison approach. The subject property has a two-car garage; a comparable sold for $285,000 and has a one-car garage. If a garage space is worth $8,000, the adjusted price of the comparable is:
- In South Dakota, an appraiser's 'reconciliation' at the end of the appraisal report means:
- In the cost approach to value, 'functional obsolescence' in a South Dakota property refers to:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →