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Article: Damage to market value and locational premiums.
- Article from:
- Real Estate Issues
- Article date:
- December 22, 2004
- Author:
CopyrightCOPYRIGHT 2004 The Counselors of Real Estate. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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INTRODUCTION
IN THE REAL ESTATE LITERATURE OF THE PAST DECADE or so confusion has arisen between the concepts of a damage to the market value of a property and a locational premium. Many articles discuss the influence of some alleged negative condition (disamenity) such as powerlines, landfills, railroad tracks, superfund sites, or industrial facilities on the value of nearby properties by comparing their value to the values of similar properties not nearby as if this differential were a damage. This differential, assuming it exists, is properly a locational premium, i.e. the difference a market participant is willing to pay to be further from the alleged ...
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Article: Past action by City not part of fair market value ...
California Planning & Development Report;
September 1, 2002 ;
700+ words
... ... questions of precondemnation damages and fair market value. Precondemnation damages are commonly known as Klopping ... were not seeking Kiopping damages, there was nothing for ... computation of the fair market value," the appellate court ...
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