Property's worth is determined by the market (market value).
Typically, its based upon what you can do with. If we are talking
about developable land, it's value if based upon what you can build.
ALL Property must be valued according to what we call its Highest
and Best Use (HBU), I won't bor
In a message dated 12/4/04 1:09:11 AM Eastern Standard Time, [EMAIL PROTECTED] writes:
the triangular land, by asbury tower is for sale at 400 000? doesnt that sound about right? considering its only the land thats for sale? you cant sell a piece of land, based on what "might be built" there
a lot with apporvals is worth much more then a piece of land.
Approvals alone, for that kind of density alone could cost that much
just in fees (attorney,engineers,traffic
experts,planners ,enviormental,sewerage experts etc etc). Of course,
only if all those experts were utilized
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i dont know anything about real-estate, so this probably sounds dumb. the triangular land, by asbury tower is for sale at 400 000? doesnt that sound about right? considering its only the land thats for sale? you cant sell a piece of land, based on what "might be built" there, you have to se
MLS#
