Tricky 3 value appraisal... is it? Need appraisal in Salem NH

[Mary D.]

Hey Everyone,

Ive unmerged a parcel of land to its previous 2 lots here in Salem NH. Years ago the town took parcels of land that one owner had and merged them with or without the owners permission. To make it easier for assessing.

In 1995 the state enacted RSA 674:39-a. See below. The gist was to merge contiguous parcels of land for municipal regulation and taxation purposes

https://www.nh.gov/osi/resource-library/laws-rules...

I have gone through the steps with the town and was approved to have my lots unmerged. One lot has a house and the back lot that is basically land locked (not build able), which Im selling.

Of course I had to contact the Mortgage holder for a partial release. They want to be sure their asset in protected and the value is there to cover what I owe them. And Im not upside down or even close after the lot is taken from the original value of the property. 

They need a 3 value appraisal... First value with the house & lot as is. Second with the house and the new lot size. Third with the new lot thats land locked lot. Their telling me they just need to know that the of the house will cover the outstanding loan amount. 

I have spoken to the town assessor and he has stated that the house with new lot size WILL NOT change in value. And back lot which is not build able will be valued minimally ($300 year). Also had a market analysis done by a broker and same, the value would stay the same. 

I called around, most appraisers dont know what Im talking about when I say 3 values. Im pretty clear, I think. LOL.  they want to charge for 2 full appraisals or more. roughly around $1000+. This doesnt need 2 full appraisals. Previously both lots have 2 deeds and will be restored as such.

Anyone in this area have a referral?