The Student Handbook toTHE APPRAISAL OF REAL ESTATE

1

Chapter 10

Land and Site Analysis

Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 10 2

Legal Descriptions of Land

Metes and bounds system Rectangular survey system

Township and range lines Correction lines Guide meridians Sections

Lot and block system

Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 10 3

Metes and Bounds Description

Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 10 4

Subdivision of a Section of Land

N 1/2 of NW 1/4 of SE 1/4 (20 acres)

S 1/2 of NE 1/4 of SE 1/4 (20 acres)

S 1/2 of SW 1/4 of SE 1/4 (20 acres)

1320' 1320' 1320' 1320'

2640'

1320'

NW 1/4 SW 1/4 (40 acres)

SW 1/4 SW 1/4 (40 acres)

80 Rods

SE 1/4 SW 1/4 (40 acres)

NE 1/4 SW 1/4 (40 acres)

2640' 2640'

1320' = 20 chains West 1/2 of the NW

1/4 (80 acres)

1320' = 80 Rods East 1/2 of the NW

1/4 (80 acres)

2640' = 40 Chains = 160 Rods NE 1/4 (160 acres)

Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 10 5

Survey of Platted Land

Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 10 6

Title and Record Data

Ownership information Zoning and land use information Assessment and tax information

Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 10 7

Physical Characteristics of Land

Size and shape Corner influence Plottage or assemblage Excess land and surplus land Topography

Geodetic Survey Program Soil analysis Floodplain and wetlands analysis

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Maps Available Online

Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 10 9

Physical Characteristics of Land, continued

Utilities Site improvements

On-site utilities Fences Driveways Landscaping Other growing assets

Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 10 10

Physical Characteristics of Land, continued

Accessibility Environment

Environmental liabilities Special characteristics of rural, agricultural, and

resource land

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Problems

Suggested solutions begin on page 420.