Land Analysis

Question 1

PROPERTY VALUE: COMPARISON METHOD

Answer 1

also market approach

compare with similar properties; most accurate

Question 2

PROPERTY VALUE: RESIDUAL METHOD

Answer 2

also: income approach

in a highly developed area with no similar properties; consider value of land and income from the highest and best use

Question 3

PROPERTY VALUE: ALLOCATION METHOD

Answer 3

deduct value of sie improvements from a property to determine value of land

Question 4

PROPERTY VALUE: DEVELOPMENT METHOD

Answer 4

estimate development costs, time, and selling price of lot and net sale price

Question 5

SURVEY: PRELIMINARY

Answer 5

shows existing conditions for development of plans

Question 6

SURVEY: CONSTRUCTION

Answer 6

describe precise conditions of site development

Question 7

SURVEY: POSESSION

Answer 7

record of completed development (site improvements and structures

Question 8

LAND SURVEY

Answer 8

shows parcels for development

Question 9

TOPOGRAPHIC SURVEY

Answer 9

natural and man-made features with elevations

Question 10

ROUTE SURVEY

Answer 10

civil engineering - for roads or utilities

Question 11

HYDROGRAPHIC SRVEY

Answer 11

shows bodies of water for navigation, water supply, or water-related construction

Question 12

CITY SURVEY

Answer 12

locate property lines and improvements, show physical features

Question 13

AERIAL SURVEY

Answer 13

photos

Question 14

CONSTRUCTION SURVEY

Answer 14

locate building with precise markers

Question 15

SWAMP

Answer 15

wetland with permanent inundation and hummocks of dry land

Question 16

SWALE

Answer 16

elongated depression that is seasonally wet but does not have flowking water, usually vegetated

Question 17

DETENTION POND

Answer 17

low area to hold runoff temporarily for slow drainage

Question 18

RETENTION POND

Answer 18

designed to hold a certain amount of water indefinitely

Question 19

1 acre

Answer 19

43,560 sq ft