Part 4 Flashcards
Legal Description of Real Estate
A system for the legal description of land that refers to the parcel’s boundaries, which are formed by the point of beginning (POB) and all intermediate points (bounds) and the courses or angular direction of each point (metes).
Metes and bounds system.
one of the three major land description systems
When an appraiser analyzes a legal description that uses the method of metes and bounds, what is the best way to describe metes?
They are measures that include direction and distance.
Metes and bounds system
A stone or other fixed object used to establish real estate boundaries.
Monuments (natural or manmade) may be used to establish boundaries.
Metes and bounds system
Begins and ends at a designated _________ _________ _________. The boundary courses must produce a closed area.
point of beginning (POB)
Metes and bounds system
The method divides land into a system of rectangles, which permits description by identifying the particular rectangle in which the land parcel is located.
Rectangular survey system. Also called the government survey system.
What is the area size of a township with standard sections as used in the rectangular survey system?
Townships are 6 miles square
Rectangular survey system
Rectangular survey system is based on two sets of intersecting lines. ________ ________ run north and south.
Principle meridians
Rectangular survey system
Rectangular survey system is based on two sets of intersecting lines. _________ run east and west.
Baselines
Rectangular survey system
Survey lines that run east and west at six-mile intervals and are located either north or south of a baseline may be best identified as what type of lines?
township lines
Rectangular survey system
One of a series of government survey lines that extend due north and south at six-mile intervals and are numbered east or west from the principal meridian may be best identified as what type of lines?
Range lines form the east and west boundaries of townships.
Rectangular survey system
This is the area between two township lines and two range lines; normally contains 36 sections of approximately 640 acres each.
Township
Rectangular survey system
The vertical column of townships are called what?
Range
Rectangular survey system
The horizontal row of townships (also known as a township tier) is called what?
Tier
Rectangular survey system
One of the 36 designated areas of land, each approximately one mile square, into which each township is divided is called what?
Section
Rectangular survey system
Irregular parcels that do not fit into the range/township model define what?
Government lots
Rectangular survey system
A system for the legal description of land that refers to parcels’ lot and block numbers, which appear on recorded maps and plats of subdivided land; may also be used for assessment maps.
Lot and block system.
How many square feet are in 1 acre?
43,560
Rectangular survey system
How many acres are in 1 township section?
640 acres
Rectangular survey system
How many linear feet there are in a mile?
5,280 linear feet
A vertical description could be used to describe a
a skyway.
- For identification of FEMA flood zones that may impact the valuation of the property
- To ensure that the correct property is identified in the appraisal valuation
- To ensure that the size and shape are correctly analyzed for valuation purposes
These are a list of what?
These are the reasons why an appraiser’s understanding of legal descriptions important to the valuation process?
How many acres are contained in a typical 36 square mile township?
23,040 acres
How many acres are in a square mile?
640 acres
