RE 415 site analysis
square foot in acre?
43560
government rectangular survey
W 1/2 of NE 1/4, section 32, T15N, R19E, town of forest, Found Du Lac County.
title
combination of all elements that constitute proof of ownership. see also abstract of title.
lot and block
lot 7, block 3, of McCabe addition to the city of Madison
term "use by right"
a use that the owner can put in place without any need to get rezoning or other recourse to legal or political intervention
what is best way to get information on a site?
ALTA survey is best! it brings everything together.
In U.S which agency publishes official floodplain maps>
FEMA
severe grade changes can?
add costs to development (extra grading, rock removal)
value created by a developer by consolidating ownership of multiple small parcels
assemblage value
ingress
right to enter a property
egress
right to exit a property
title search
examination of the record of title to determine ownership, uncover title defects, and identify encumbrances
value of extra land area not needed to support the primary building improvements that could be sold for a separate use
excess land
topography issues
flat sites are generally preferred for most income property types. slight grade change can be good for -underground parking access
metes and bound
from the point of beginning, then north 20 degrees west 110, then south 90 degrees west 250 degrees.
off site improvements
improvements that support the use of the site, but are not within the site boundaries (e.g street surface, curb, utility lines, ect.)
title insurance
insurance against financial loss resulting from claims that arise out of defects in the title to real property that were not disclosed at the time the policy was issued.
raw land
land is undeveloped; land in its natural state before grading, draining, subdivision, or installation of utilities; land with minimal or no appurtenant constructed improvements. "raw land", "vacant land" and "unimproved land".
improved land
land that has been prepared for development by grading, draining, installing streets and utilizing, ect. As distinguished from raw land; also called finished land. also land is considered "improved" when appurtenant improvements have been constructed for a particular use. See also improvements; improvements to land; site improvements.
official identification
legal description (metes and bounds, rectangular survey, lot and block) American land title association (ALTA) survey title insurance report
frequently the zoning of a property may change so that the current building may no longer conform to the zoning requirements. But, typically, the property can legally continue its use because it was "grandfathered in". what term describes situation
legally nonconforming use
value created by a developer when creating a residential subdivision
plattage value
which are acceptable forms of a legal description?
rectangular survey, metes and bounds, lot and block.
which of following are on site "site improvements"?
retaining wall concrete walkway at building entrance parking lot (NOT single family house and public streets)
which two of following terms could be used to describe a parcel that has been cleared, graded and has direct access to all necessary utility connections?
site and improved land.
unofficial identification
street name (US postal service) property name (grainger hall) tax parcel number (PIN)
on site improvements
structural improvements on the site, excluding buildings (e.g pavement, walkways, landscaping, retaining wall, utility lines, storm water sewer)
property with an office building has more land than necessary to support the office use. But, the extra land isn't configured in such a way that you could carve it off and sell it separately for a different use. ( so you want to increase building area, rather than sell because you can't)
surplus land
value reflects the potential to increase the building area on a site, rather than sell any extra land
surplus land
utility
usefulness of space is the ability of something to satisfy that need or want.
unimproved land
vacant land or land that lacks the essential, appurtenant improvements required to make it useful. also called "raw land", "vacant land", and unimproved land"
If you didn't pollute a site, can you be held responsible for clean up?
yes, an owner or past owner on the "chain of title" is a "potentially responsible party" under CERCLA (the "superfund" law)