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Topic 2. Marketable Real Estate Entity
October 18, 2019
This Chapter has been revised in its entirety.
a. Single Real Estate Entity
The property must be a single, readily marketable, real estate entity.
b. Multiple Parcels
More than one parcel or lot may be included as long as all of the property is contiguous and legally marketable. VA does not set a limit on the number of acres that the property may have. If the property being appraised includes more than one parcel, the appraisal must be prepared subject to placing all of the parcels on one deed.
c. Road or Waterway Dividing the Property
If a property is divided by a road or waterway, the appraiser must determine the effect on the utility of the property to ensure that the property is a readily marketable, real estate entity.