EstatePass
Land/SiteMEDIUM4.5% of exam

In appraisal terminology, assemblage refers to which of the following?

Correct Answer

A) The act of combining two or more parcels

Assemblage is combining parcels into one ownership or use. Plottage is any supported value increment from greater combined utility; it is not the combining act and is not guaranteed to occur. Subdivision divides land, while dedication conveys rights for specified purposes.

Answer Options
A
The act of combining two or more parcels
B
The added value that such a combination creates
C
The division of acreage into individually sold lots
D
The dedication of land for streets and utilities

Why This Is the Correct Answer

Assemblage is combining parcels into one ownership or use. Plottage is any supported value increment from greater combined utility; it is not the combining act and is not guaranteed to occur. Subdivision divides land, while dedication conveys rights for specified purposes.

Was this explanation helpful?

More Land/Site Questions

How should an appraiser account for a site's access to public sewer compared with competing sites that require septic systems?

Which fact, if supported by competitive-market evidence, most directly supports a unit-price premium for an otherwise comparable site?

A rectangular site's frontage is doubled while its depth is halved, keeping area constant. What is the likely value effect in a retail district?

A downtown site's zoning height limit is reduced from six stories to three. Buyers in this market had been paying for six-story development potential. What effect on land value is most supportable?

A zoning change increases permitted density from four to eight units per acre. What is the likely effect on site value?

Using the allocation method, market evidence supports a typical land-to-total-property-value ratio of 28% for similar improved properties in the subject’s location. An improved comparable sold for $825,000. What land (site) contribution is indicated by applying that ratio?

An appraiser is valuing a vacant site near a landfill. A similar vacant site that is not affected by the landfill sold for $480,000. Paired land sales indicate that proximity to the landfill lowers site prices by $70,000. No other adjustments apply. What is the indicated value of the subject site?

An appraiser is extracting site value from a $600,000 cash sale. The seller's records show an original construction cost of $250,000 and a depreciated book value of $110,000. The appraiser estimates current replacement cost new at $400,000 and accrued depreciation from all causes at $100,000. What is the indicated site value?

Three parcels assembled under single ownership (standard appraisal guidance assemblage) support separate as-is values of $290,000, $340,000, and $250,000. After assemblage for a higher-utility use, the combined site is valued at $1,050,000. Assemblage costs (demolition, legal, holding, and related) total $55,000. What is the indicated net plottage (plottage increment after assemblage costs)?

A comparable commercial site with 65 front feet sold for a cash-equivalent price of $585,000. Per standard appraisal guidance, sale price per front foot is a vacant-land unit of comparison when frontage is a primary value determinant. The subject site has 72 front feet and is otherwise similar. What indicated land value does the front-foot unit support before other adjustments?

People Also Study

Practice More Appraiser Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your Appraiser exam.

Start Practicing