Exam 6: Property Inspection and Analysis: the Site

Sidewalks and curbs are considered to be off-site improvements.

The most important reason for inspecting and analyzing the site is to gather information for estimating its highest and best use.

Appraisal standards require the appraiser to consider and analyze the sales history of the subject property.

Deed restrictions are examples of public restrictions on the use of land.

Plottage value is always created when adjacent parcels are combined into one ownership.

The gross area of a site is just as important as the useful area.

A key lot is one that is the most important one on the block.

As in a condominium, the site in a planned unit development is a defined block of airspace, plus an undivided interest in the land.

A non-conforming use could represent a legal problem to be noted in an appraisal.

The highest and best use must always be one that is legal under the present zoning laws, even if a zoning change is anticipated.