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Nomad

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Reply with quote  #1 
Subject has one parcel ID but the parcel was split by I-75.  The house and larger portion of the lot are 2.5ish acres and the sliver on the other side of I-75 is around .85 acres.  The .85 acre lot is landlocked on the other side presumably because it was never intended to be accessed from the back of the lot.  I intend on reporting the total acreage on page 1 and then commenting on the way the lot is set up in the addendum.  This is an FHA appraisal.  I have read about how to handle 2 seperate parcels w/ seperate tax ID's w/ regards to FHA but this one has only one parcel number.  Do yall know anything else I need to do w/ regards to this besides what I'm saying?  I'm going to essentially give the smaller lot no value.
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Meatloaf

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Reply with quote  #2 
How is the legal done?
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Nomad

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Reply with quote  #3 
It references a survey that noone has and I can't find in public records.  Also... Legal indicates 3.312 acres, realist references 3.5 acres, and when I look at the tax map and add up the 2 lots it equals 3.62... 
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Bobby

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Reply with quote  #4 
Yikes
Land Locked on I-75...

I with you, mention it.  I doubt there is much, if any, value there.

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Bobby

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Reply with quote  #5 
Although to polish that turd if it were my land, I would consider putting up a billboard to make some money off it. I don't know the laws reguarding that....
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RubberStamp

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Reply with quote  #6 
Cost to cure adding a driveway access to I-75...

I kid you
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Meatloaf

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Reply with quote  #7 
Place for a billboard may give a HBU not considered.

Good thinking Bobby.

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RubberStamp

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Reply with quote  #8 
Quote:
Although to polish that turd if it were my land, I would consider putting up a billboard to make some money off it. I don't know the laws reguarding that.... 



Uh oh.. Now you have to do a highest and best use analysis.
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Meatloaf

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Reply with quote  #9 
Maybe a billboard that says "we bare all"  and a picture of Bluechip!!!
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Nomad

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Reply with quote  #10 
Ended up getting provided with a survey of only the property on the correct side of 75.  Washed all my liability down the drain.

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MEP

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Reply with quote  #11 
What is the value of the remnant, if it is assembled with the adjacent parcel...otherwise, it sounds like the owners dropped the ball and didn't sue for "after value" loss...Greed is always beautiful! Or, maybe the owners at that time were paid and the value of the remnant is to hold the world together....
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Nomad

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Reply with quote  #12 
Doesn't matter to me anymore. I based the appraisal on the survey. I disclosed the tax info. I am guessing whoever owned it at the time of the eminent domain was compensated if the tax records are in any way correct.
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