Parcel Of Land
In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a plot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a plot is called fee simple in some countries.
parcel of land
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A small area of land that is empty except for a paved surface or similar improvement, typically all used for the same purpose or in the same state is also often called a plot.[1] Examples are a paved car park or a cultivated garden plot. This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s).
A lot has defined boundaries (or borders) which are documented somewhere, but the boundaries need not be shown on the land itself. Most lots are small enough to be mapped as if they are flat, in spite of the curvature of the earth. A characteristic of the size of a lot is its area. The area is typically determined as if the land is flat and level, although the terrain of the lot may not be flat, i. e, the lot may be hilly. The contour surface area of the land is changeable and may be too complicated for determining a lot's area.
Lots can come in various sizes and shapes. To be considered a single lot, the land described as the "lot" must be contiguous. Two separate parcels are considered two lots, not one. Often a lot is sized for a single house or other building. Many lots are rectangular in shape, although other shapes are possible as long as the boundaries are well-defined. Methods of determining or documenting the boundaries of lots include metes and bounds, quadrant method, and use of a plat diagram. Use of the metes and bounds method may be compared to drawing a polygon. Metes are points which are like the vertices (corners) of a polygon. Bounds are line segments between two adjacent metes. Bounds are usually straight lines, but can be curved as long as they are clearly defined.
Something which is meant to improve the value or usefulness of a lot can be called an appurtenance to the lot. Structures such as buildings, driveways, pavements, patios or other surfaces, wells, septic systems, signs, and similar improvements which are considered permanently attached to the land in the lot are considered to be real property, usually part of the lot but often parts of a building, such as condominiums, are owned separately. Such structures owned by the lot owner(s), as well as easements which help the lot owners or users, can be considered appurtenances to the lot. A lot without such structures can be called a vacant lot, urban prairie, spare ground, an empty lot, or an unimproved or undeveloped lot.
Many developers divide a large tract of land into lots as a subdivision. Certain areas of the land are dedicated (given to local government for permanent upkeep) as streets and sometimes alleys for transport and access to lots. Areas between the streets are divided up into lots to be sold to future owners. The layout of the lots is mapped on a plat diagram, which is recorded with the government, typically the county recorder's office. The blocks between streets and the individual lots in each block are given an identifier, usually a number or letter.
Land originally granted by the government was commonly done by documents called land patents. Lots of land can be sold/bought by the owners or conveyed in other ways. Such conveyances are made by documents called deeds which should be recorded by the government, typically the county recorder's office. Deeds specify the lot by including a description such as one determined by the "metes and bounds" or quadrant methods, or referring to a lot number and block number in a recorded plat diagram. Deeds often mention that appurtenances to the lot are included in order to convey any structures and other improvements also.
In front of many lots in urban areas, there are pavements, usually publicly owned. Beyond the pavement, there may sometimes be a strip of land called a road verge, and then the roadway, being the driveable part of the road.
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AcreValue has launched Critical Energy Infrastructure Data on its landowner map, land sales database, and listings map. Using this data, you will now be able to assess a property's access and proximity to key energy and infrastructure resources, including: substations, wind turbines, oil & gas wells, power plants, ethanol plants, biodiesel plants, and soybeans plants.
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AcreValue is the new way for farmers, land professionals, and landowners to research agricultural land and discover the value of carbon farming. With the most comprehensive set of farmland data in one easy-to-use site, AcreValue provides the fastest way to research land and find current valuations.
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It is an estimated market value. It is not an appraisal. It is simply one data point to determine the value of farmland. We encourage you to supplement your research with a market analysis or appraisal prepared by a real estate professional.
When looking at the AcreValue estimate, keep in mind that this is a starting point for determining the land value and there is some information we are unable to take into account for all of the millions of fields in our system. Some things to consider beyond the information we provide include the following:
A Verified Comp is a land sales record that was created or verified by an authorized AcreValue user. A standard Sales Record appears with a purple pin. Whereas, a Verified Comp is shown by a green pin and Verified Checkmark on the Sales Record.
Real estate professionals and appraisers use Verified Comps on AcreValue to build a trackable and digital Comp Sales Dashboard where they can search, edit, annotate land sales records so they can build fast and professional Comp Sale Reports for their clients and research. 041b061a72