Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on .

User Stats

28
Posts
18
Votes
Jonathan Pacilio
  • Real Estate Agent
  • Fort Mill, SC
18
Votes |
28
Posts

Appraisal on ADU and survey scenario - who has experienced this?

Jonathan Pacilio
  • Real Estate Agent
  • Fort Mill, SC
Posted

Not sure if this is the right spot to post but here goes.

Just went under contract on a sfr with a non attached Accessory Dwelling Unit 1 bedroom cottage in the very back of property.

First question - The list price reflected equal sq ft value across the total sq ft of the SFR and ADU combined. Everyone I have talked to said it's unlikely to get appraised that way (for reference I can make good cashflow even at full price). I think this was mistake number 1 by the investor, thinking he could rehab both and get a combined market sq ft price.

If it gets appraised for less, and I think it will, more off the top for me. Anyone experience this and can share what happened on appraisal of a scenario like this?

Second question - haven't had survey yet, but publicly available plot images looks like the ADU and a shed on property are CLEARY over the property line on the neighbors property. Not.....it could be close but what were you thinking distances. Anyone have this scenario play put and what was outcome?

Ive been told by people experiencing this they (current owner) had to reach out and negotiate a piece of the neighbors property to solve it. Any other experiences here on how that played out?

Thanks,

Jonathan