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This document summarizes the author's experience as a young appraiser over 35 years ago when cell phones and computers were not available. The author describes an instance where one of their staff members was given an address for an appraisal assignment but due to a digit error in the address, inspected the wrong property, a community center, and spent hours measuring it before realizing the mistake. The staffer then had to contact the correct property to do the inspection, wasting valuable time. The moral of the story is to verify address details before visiting a property to prevent inspecting the wrong building and save time.
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This document discusses a redevelopment plan for a North, Third and York alley. It proposes taking land in fee from existing property owners to develop additional municipal parking. Key points include:
- Existing zoning and property uses would not change, though zoning could be adjusted later for redevelopment.
- Developable footprints are more important than maximum floor area ratios (FAR), as none of the properties or comparables are built to their maximum FAR currently.
- The taking would provide between 4.75 to 5.5 additional parking spaces for property owners' semi-exclusive use, benefiting them despite the land loss.
- Total compensation per property owner is estimated between $48,000 to $
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Back in the day
- 1. Back in the day… I started in the appraisal business 35 years ago. Long before cell phones and computers were even dreamed about. As a young appraiser, many times we were given only an address and a contact name. Surveys and data were less available also. Even back then, the property contact people were unresponsive. If the property was “open to the public”, we would sometimes visit the property anyway if formal contact could not be made. So happens, one of our staff associates was given an address of a retail site. It turned out that it was a community center. The contact person was not reachable, so this staffer made the inspection and tape-measured by hand-the building. After a full day of taking notes and photos of the property and area, the staffer returned to the office. Upon his return he learned that an error had been made. Two digits in the address had been juxtaposed. The real assignment was for a small shoe store building. The staffer had looked at the wrong property and spent over a few hoursjust measuring it. Rewind- he then had to make contact and go back to inspect the correct property. Valuable time flushed down the drain. It took years for the staffer to Iive that one down. The moral is verify your facts before traveling to the wrong building. Save yourself some embarrassment (and time) with a little advance planning. GKD Got a similar story you’d like to share? Please tell!