Land Description Systems Rectangular Metes and Land Survey Bounds System Lot and Block Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 19 back slide; "#" to see the math
Metes and Bounds “Metes” “Bounds” Measurements Boundaries Metes & Bounds Roads, Direction highways (Surveyor’s compass ) Rivers, lakes, Distances mountains (feet on Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template ground) For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 20 back slide; "#" to see the math
Metes and Bounds • Earliest form of legal description • Metes and bounds legal descriptions always start at a Point of Beginning • POB may be by reference to a Monument or Marker • The outside boundary of the land area is then described using directions (compass bearings) and Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : distances (feet), ending at the POB Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 21 back slide; "#" to see the math
Metes and Bounds • Directions based on surveyor’s compass • Similar directions used in Rectangular (Government) Survey System Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 22 back slide; "#" to see the math
Metes and Bounds - Example Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 23 back slide; "#" to see the math
Land Description Systems Rectangular Metes and Land Bounds Surveys Lot and Block Survey Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 24 back slide; "#" to see the math
Rectangular Land Survey Principal Meridian Base Line Townships and Ranges Sections Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 25 back slide; "#" to see the math
Rectangular Land Survey Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 26 back slide; "#" to see the math
Rectangular Land Survey Principal Meridian and Baseline Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 27 back slide; "#" to see the math
Rectangular Land Survey Mount Diablo Base Line and Meridian (MDM) Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 28 back slide; "#" to see the math
Rectangular Land Survey Townships and Ranges Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 29 back slide; "#" to see the math
6 miles 6 miles square 6 miles or 36 square miles Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 30
Rectangular Land Survey Township and Sections Townships are divided into 36 sections with each section being 1 mile square Sections are numbered starting in the NE corner Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template and ending in the For more templates : PPT Backgrounds Models Others ressources : SE corner Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 31 back slide; "#" to see the math
Sections 1 mile = 5,280 feet 1 mile square or 1 mile = 5,280 feet 1 square mile 640 Acres Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations 1 acre = 43,560 square feet Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 32 back slide; "#" to see the math
Sections & ¼ Sections 1 mile = 5,280 feet 1 mile = 5,280 feet 640 Acres Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations 1 acre = 43,560 square feet Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 33 back slide; "#" to see the math
Sections & ¼ Sections If areas that are part of the legal description cross over ¼ section lines: • each piece is described separately with an “and the” in between the two descriptions • larger area described first • acreage is calculated for each area and then added together Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : for total acreage Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 34
½ Sections Half Sections: • rectangular shape and always the first term of the legal description • occur when adjacent ¼ sections within a ¼ section are part of the legal description. • only has one direction call as part of the term either N or S Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models or E or W Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 35
¼ (& ½) Sections Calculating Acreage To calculate acres: • start with 640 acres (section) • divide by the denominator of each of the terms • make sure to account for each term but only once Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 36
¼ (& ½) Sections) Calculating Acreage Example: W ½ NW ¼ SW ¼ NE ¼ Acreage: 640 / 4 = 160 / 4 = 40 /4 = 10 / 2 = 5 or Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template 640 / 2 = 320 / 4 = 80 / 4 = 20 / 4 = 5 For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 37
¼ (& ½) Sections Calculating Acreage Calculate the acreages of the following: 1. NW ¼ NW ¼ SW ¼ NE ¼ 2. SW ¼ SW ¼ 3. S ½ NE 1/4 4. NE ¼ SW ¼ SE ¼ Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template 5. E ½ SE ¼ SE ¼ For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 38
Legal Description for Sections & ¼ Sections To write the legal description for a given area: • Start with the description for the smallest area on the left and then describe subsequent larger areas moving right • Count the crosses to check correct number of terms in the legal • Reminder if area crosses ¼ section lines, describe each area separately Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models with “and the” in between them Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 39
Legal Description for ¼ Sections Example: Describe the shaded areas and calculate the acreages: 1. SW ¼ of the NW ¼ 40 acres 2. SE ¼ of the NE ¼ of the 1 3 SW ¼ 10 acres 3. SE ¼ of the A SE ¼ and the N ½ of the SE B Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template ¼ of the SE ¼ 2 For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations 40 + 20 = 60 acres Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 40
Legal Description for ¼ Sections Describe the shaded areas: 1. 3 2. 3. 4. 4 1 Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds 2 Download Powerpoint Background with halo effect Page 41
Land Description Systems Rectangular Metes and Land Bounds Surveys Lot and Block Survey Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 42 back slide; "#" to see the math
Lot and Block • Legal description is by reference to a recorded map or “plat map” • Book and page of recorded map • Lot and block as identified on the map Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 43 back slide; "#" to see the math
LOT AND BLOCK Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 44 back slide; "#" to see the math
LOT AND BLOCK Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 45 back slide; "#" to see the math
Land Identification & Valuation Land Valuation Site Analysis Land Description Systems Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template Cadastral Maps For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 46 back slide; "#" to see the math
Frontage Assemblage & Depth Plottage Surplus & Units of Terms Excess Comparison Valuation 65 / 35 Rule Tables 4-3-2-1 Rule Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 47 back slide; "#" to see the math
Frontage Assemblage Depth & Plottage Units of Surplus Terms Comparison & Excess 65 / 35 Valuation Rule Tables 4-3-2-1 Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template Rule For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 48 back slide; "#" to see the math
Units of Comparison Square Front Acre Foot Foot Buildable Site Units Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 49 back slide; "#" to see the math
Units of Comparison Square Foot • Calculation of the square foot size of the parcel or land area • Typically used as the unit of comparison for commercial and smaller industrial properties Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 50 back slide; "#" to see the math
Units of Comparison Square Foot Problem The subject lot is 150’ x 280’. Comparable sales indicate a value per square foot of $4.50. What is the indicated value of the subject? Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 51 back slide; "#" to see the math
Units of Comparison Square Front Acre Foot Foot Buildable Site Units Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 52 back slide; "#" to see the math
Units of Comparison Acre • Acreage of the parcel or land area • Used for residential development land, larger industrial properties and Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : rural or agricultural land Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 53 back slide; "#" to see the math
Units of Comparison Acreage Problem The subject property is 440’ x 2,640’. If the value is $75,000 per acre, what is the value of the subject? Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 54 back slide; "#" to see the math
Units of Comparison Square Front Acre Foot Foot Buildable Site Units Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 55 back slide; "#" to see the math
Units of Comparison Front Foot • Front foot is the linear measurement of the frontage along a value influence such as a street or lakefront • Value per front foot is based on a standard depth • When dimensions are stated the first number is the frontage and the second is the depth Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : • 50’ x 100’: 50’ is the frontage Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 56 back slide; "#" to see the math
Units of Comparison Front Foot Problem Subject property is a ½ acre vacant residential lot with frontage on Lake Tahoe. If the lot is 220’ in depth, what is the frontage? If the value per front foot is $11,000, what is the value of the lot on a front foot basis? Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 57 back slide; "#" to see the math
Units of Comparison Square Front Acre Foot Foot Buildable Site Units Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 58 back slide; "#" to see the math
Units of Comparison Site • Site or base lots are used as the unit of comparison when incremental changes in size have little effect on the value • Typically used for residential lots where lots within the subdivision are of similar size • Significant differences in size are Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template addressed with a percentage size For more templates : PPT Backgrounds Models Others ressources : adjustment from the base value Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 59 back slide; "#" to see the math
Units of Comparison Site Problem Typical lots sizes in the subdivision are 0.20 of an acre with a site or base lot value of $18,000. The subject property is a 0.25 acre pie-shaped lot at the end of a cul de sac. Is a size adjustment likely warranted? If the indicated adjustment is 15% for size, what is the value you would assign the lot? Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 60 back slide; "#" to see the math
Units of Comparison Square Front Acre Foot Foot Buildable Site Units Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 61 back slide; "#" to see the math
Units of Comparison Buildable Units • Buildable units is an appropriate unit of comparison for multifamily land or un-subdivided residential acreage. • Value is based on the density or DU/acre per zoning or other land use controls • Resulting value should be Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template compared to acreage values for For more templates : PPT Backgrounds Models Others ressources : consistency Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 62 back slide; "#" to see the math
Units of Comparison Buildable Units Problem You are valuing a multifamily parcel containing 8.5 acres. Your study of values for apartment properties indicates a per-unit value of $12,000. If the zoning allows for 20 units per acre, what is the value of the parcel? What is the indicated value per acre? Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 63 back slide; "#" to see the math
Frontage Depth Assemblage & Plottage Terms Surplus & Units of Excess Comparison Valuation 65 / 35 Rule Tables Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template 4-3-2-1 Rule For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 64 back slide; "#" to see the math
Assemblage Depth & Plottage Frontage Terms Surplus & Units of Excess Comparison Valuation 65 / 35 Rule Tables Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template 4-3-2-1 Rule For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 65 back slide; "#" to see the math
Assemblage Frontage & Plottage Depth Surplus & Units of Terms Excess Comparison Valuation 65 / 35 Rule Tables 4-3-2-1 Rule Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 66 back slide; "#" to see the math
Assemblage • Assemblage is the combining of two or more parcels of land into a larger parcel $25,000 $25,000 Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 67
Plottage • Plottage is the assemblage of parcels resulting in an increase in the overall value • Increased value is the result of increased utility and is called “ plottage value” $25,000 $25,000 Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 68
Frontage Assemblage Depth & Plottage Units of Terms Comparison Surplus & Excess Valuation 65 / 35 Rule Tables 4-3-2-1 Rule Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 69 back slide; "#" to see the math
Surplus & Excess • “Surplus land” is extra land not necessary to support the improvements but which can NOT be separately subdivided and sold • “Excess land” is having more land than needed and which can be subdivided and sold off Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models separately Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 70
Surplus & Excess Valuation • Surplus Land: An adjustment may be warranted for the additional land value when using sales comparison or income (already accounted for in the land value of the cost approach) • Excess Land: Valued separately and added to the value of the Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template remainder of the property under For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations any of the approaches to value Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 71
Frontage Assemblage Depth & Plottage Terms Surplus & Excess Units of Comparison Valuation Tables 4-3-2-1 65 / 35 Rule Rule Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 72 back slide; "#" to see the math
Valuation Tables • Contain factors to adjust values from a base value • Common ones are depth or size factors or corner influence tables • Should be based on market analysis and review of sales prices Similar to depreciation tables Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models used in the cost approach Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 73
Valuation Tables Example Depth Factors – 100 Feet Standard Depth Depth Percent Factor 60’ 70% 0.70 80’ 91% 0.91 100’ 100% 1.00 110’ 103% 1.03 120’ 106% 1.06 130’ 109% 1.09 Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Applied to a Front Foot Valuation Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 74
Valuation Tables Problem Value the parcel below given a standard depth of 100’ and a front foot value of $180. Depth table indicates 104% for a depth of 115’. 115’ Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template 46’ For more templates : PPT Backgrounds Models Others ressources : Front Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 75
Frontage Depth Assemblage & Plottage Terms Units of Comparison Surplus & Excess 4-3-2-1 65 / 35 Rule Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template Rule For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 76 back slide; "#" to see the math
4-3-2-1 Rule • Can be used in computing depth tables • 1 st 25% of depth is 40% of FF value 2 nd 25% is +30% 25’ = 10% of value 3 rd 25% is +20% 25’ = 20% of value 100’ 4 th 25% is last 10% 25’ = 30% of of FF value value 25’ = 40% of Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template value For more templates : PPT Backgrounds Models Others ressources : Front Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 77
4-3-2-1 Rule Problem Using the 4-3-2-1- Rule, what is the value of a parcel that is 42’ x 75’ if the FF value is $250 and standard depth is 100’? 25’ = 10% of value 25’ = 20% of value 100’ What if the size was 25’ = 30% of value 42’ x 55’? 25’ = 40% of Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models value Others ressources : Abstract Free PPT Presentations Front Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 78
Frontage Depth Assemblage & Plottage Terms Units of Comparison Surplus & Plottage 4-3-2-1 Rule 65 / 35 Rule Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 79 back slide; "#" to see the math
65 / 35 Rule • Used for triangular shaped areas when using a FF value • 65% of the FF value is for the area with the base of the triangle as the frontage • 35% of the FF value is for the area with the apex of the triangle on the frontage Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 80
65 / 35 Rule Example If the frontage is 50’ and the front foot value is $160, the values of the two parcels would be as follows: B. 35% of A. 50 * 160 * .65 = $5,200 value B. 50 * 160 * .35 = $2,800 100’ 50 * 160 = $8,000 A. 65% of Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template Note: If we were using size or sq. value For more templates : PPT Backgrounds Models Others ressources : ft., value would be split 50 / 50 Abstract Free PPT Presentations Front 50’ Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 81
65 / 35 Rule Problem Calculate the value of the property below using a FF value of $225 and the 65 / 35 rule. 45’ 100’ Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Front 75’ Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 82
Other Site Data Buildable Shape Topography Area Drainage / Flood zone Soil Type Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 83
Land Identification & Valuation Land Valuation Site Analysis Land Description Systems Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template Cadastral Maps For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 84 back slide; "#" to see the math
Valuation – Six Methods Sales Abstraction Allocation Comparison Capitalization Land Cost of of Ground Residual Development Rent Technique Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 85 back slide; "#" to see the math
Valuation – Six Methods Sales Abstraction Allocation Comparison Capitalization Land Cost of of Ground Residual Development Rent Technique Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 86 back slide; "#" to see the math
Sales Comparison Most Reliable Comparable Sales Units of Comparison Adjustments Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 87 back slide; "#" to see the math
Sales Comparison • Most reliable method of land valuation when there are vacant land sales available • Similar to the sales comparison approach for improved properties • Sales prices of comparable properties broken down into units of comparison • Adjustments made based on differences from the subject property Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template • Adjustments are usually done on a For more templates : PPT Backgrounds Models Others ressources : percentage basis Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 88
Sales Comparison Problem You are appraising a vacant commercial parcel measuring 120’ x 225’. The subject is a corner parcel located in the south. You have identified 4 comparables with indicated adjustments as follows: Time Adj. 1% per month Corner Influence +15% North Location +10% South Location -10% Using the following sales grid, what is the Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models value of the subject on a price per square Others ressources : Abstract Free PPT Presentations foot? Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 89
Sales Comparison Problem Subject Sale #1 Sale #2 Sale #3 Location South North South South 120’ x 225’ 115’ x 220’ 110’ x 250’ 100’ x 210’ Size Corner Yes Yes No No Sale Price n/a $40,480 $34,375 $25,200 Sq Ft $/Sq Ft Sale Date n/a 3 months 2 months 5 months Time Adj $/ sq ft Location South Corner Yes Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Net % Adj Others ressources : Abstract Free PPT Presentations Net $ Adj Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Ind. Value/ sq Download Powerpoint Background with halo effect ft Page 90
Sales Comparison Problem Subject Sale #1 Sale #2 Sale #3 Location South North South South 120’ x 225’ 115’ x 220’ 110’ x 250’ 100’ x 210’ Size Corner Yes Yes No No Sale Price n/a $40,480 $34,375 $25,200 Sq Ft $/Sq Ft Sale Date n/a 3 months 2 months 5 months Time Adj $/ sq ft Location South Corner Yes Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Net % Adj Others ressources : Abstract Free PPT Presentations Net $ Adj Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Ind. Value/ sq Download Powerpoint Background with halo effect ft Page 91
Valuation – Six Methods Sales Abstraction Allocation Comparison Capitalization Land Cost of of Ground Residual Development Rent Technique Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 92 back slide; "#" to see the math
Abstraction / Extraction No Vacant Sales for Comparison Subtracts the improvement value from overall property value to get land value Formula: LV = SP - IV 1:3 Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 93 back slide; "#" to see the math
Abstraction / Extraction • Think SUBTRACTION! • Changes formula for cost approach to solve for land value • LV = V(SP) – BV or LV = V(SP) - RCNLD Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 94
Abstraction / Extraction Example • You estimate the overall value of the subject property at $110,000 and your estimate of replacement cost and depreciation indicates a building value of $85,000. What is the value of the land? LV = 110,000 – 85,000 = 25,000 LV = $25,000 Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Remember: Abstraction = Substraction Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 95
Valuation – Six Methods Sales Abstraction Allocation Comparison Capitalization Land Cost of of Ground Residual Development Rent Technique Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 96 back slide; "#" to see the math
Allocation Allocates a portion of the total property value to the land Principle of Balance Allocation is based on typical Land-to-Building Ratios 1:3 Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Type "?" for question; "&" to go Page 97 back slide; "#" to see the math
Allocation • Think RATIO! • Multiply the typical percent land to the total property value to get land value • LV = % Land * Total Value (SP) • Based on land to building ratios Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models and the principal of BALANCE Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 98
Allocation Example • You estimate the overall value of the subject property at $110,000. Typical land to building ratios in the area are 1:3. What is the value of the land? 1:3 = 25% land LV = .25 * 110,000 = 25,500 Remember: Allocation is the Ratio Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 99
Allocation Problem • You are valuing a subdivision using a site or base lot value. The typical or median home price is $85,000 and the estimated land to building ratio is 1:4. What base lot value will you use based on allocation? Click here to download this powerpoint template : Colorful Pastel Tree Powerpoint Template For more templates : PPT Backgrounds Models Others ressources : Abstract Free PPT Presentations Nature Powerpoint Templates Tree Powerpoint Presentations Backgrounds Download Powerpoint Background with halo effect Page 100
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