Talk:Plottage

"Assemblage (real estate)" should redirect here, since it lacks its own article.

"Assemblage (real estate)" should redirect here, since it lacks its own article.

--Ocdnctx (talk) 17:38, 22 August 2012 (UTC)

Need a redirect from assemblage (real estate) to plottage

Need a redirect from assemblage (real estate) to plottage.

In real estate, assemblage is the combining of various smaller tracts into a large one worth more per square foot.

Assemblage/plottage is a difficult issue in real estate appraisals.

--Ocdnctx (talk) 17:36, 22 August 2012 (UTC)

external link to journal article: "Disassembling assemblage"

Disassembling assemblage.

http://www.freepatentsonline.com/article/Appraisal-Journal/135216936.html — Preceding unsigned comment added by Ocdnctx (talk • contribs) 17:39, 22 August 2012 (UTC)

court discussion of assemblage as increasing valuation in condemnation context

Found at http://caselaw.findlaw.com/ct-supreme-court/1158733.html

We recognize, however, “[t]he fact that the most profitable use of a parcel can be made only in combination with other lands does not necessarily exclude that use from consideration if the possibility of combination is reasonably sufficient to affect market value․ There must be a reasonable [probability] that the owner could use this tract together with the other [parcels for such] purposes or that another could acquire all lands or easements necessary for that use.” Olson v. United States, 292 U.S. 246, 256-57, 54 S.Ct. 704, 78 L.Ed. 1236 (1934);  see also United States v. Fuller, supra, 409 U.S. at 490, 93 S.Ct. 801 (“highest and best use of a parcel may be found to be a use in conjunction with other parcels, and any increment of value resulting from such combination may be taken into consideration in valuing the parcel taken”); Clarmar Realty Co. v. Redevelopment Authority, 129 Wis.2d 81, 87, 383 N.W.2d 890 (1986) (“[t]he assemblage approach permits a property owner to introduce evidence in a condemnation proceeding that the  fair market value of its land is enhanced by its probable assemblage with other parcels”).13

 “[I]f a prospective, integrated use is the ‘highest and best use’ of the land, can be achieved only through combination with other parcels of land, and combination of the parcels is ‘reasonably probable,’ ” then evidence concerning assemblage, and, ultimately, a finding that the land is specially adaptable for that highest and best use, may be appropriate. Clarmar Realty Co. v. Redevelopment Authority, supra, 129 Wis.2d at 88, 383 N.W.2d 890. The consideration of a future change in the use of the parcel taken and the effect that such a change may have on the market value at the time of the taking has long been recognized in Connecticut, and the use of property in conjunction with other parcels may affect value if it is shown that such an integrated use reasonably would  have occurred in the absence of the condemnation. See, e.g., Budney v. Ives, 156 Conn. 83, 89-90, 239 A.2d 482 (1968) (reasonable probability of zone change may affect value of land at time of taking);  Housing Authority v. Lustig, 139 Conn. 73, 76, 90 A.2d 169 (1952) (proper to consider all elements that owner or prospective purchaser could reasonably urge as fair price of land considering use to which land could be put most advantageously).

21:13, 14 August 2018 (UTC)

New Jersey law on Potential Assemblage of Lots

(C) Effect of Potential Assemblage of Lots

10.11 <http://www.judiciary.state.nj.us/civil/charges/10.11.doc>

10.12 <http://www.judiciary.state.nj.us/civil/charges/1012.htm>

definitions

Business Definition for: plottage value

http://www.allbusiness.com/glossaries/plottage-value/4957176-1.html

Plottage also called assemblage

http://www.investopedia.com/terms/p/plottage.asp Definition of 'Plottage'

... Also called assemblage.

Says the larger value is because larger structures can be built on the land and its functionality is increased. — Preceding unsigned comment added by Ocdnctx (talk • contribs) 18:47, 22 August 2012 (UTC)