RESEARCH INTO THE VALUE OF LANDLOCKED RIGHT-OF-WAY PARCELS

A STUDY OF LAND AREAS LANDLOCKED BY THE WESTERN HALF OF THE OHIO TURNPIKE IS REVIEWED. THE STUDY WAS MADE BY THE OHIO DEPARTMENT OF HIGHWAYS IN COOPERATION WITH THE BUREAU OF PUBLIC ROADS AND INVOLVED 168 AGRICULTURAL AND 51 RESIDENTIAL TRACTS OF LAND. THE PROPERTIES DISCUSSED WERE LANDLOCKED IN 1953-54, AND RESEARCH ON THE AFTER SITUATION BEGAN IN 1958 AND EXTENDED INTO 1962. BECAUSE OF THE WIDELY SEPARATED INTERCHANGES, GENERAL BENEFITS AFFECTING ADJACENT PROPERTIES ARE FELT TO BE HELD TO A MINIMUM. THE SCHEMATIC DIAGRAMS DEVELOPED BY THE RESEARCH TEAM TO SHOW VISUALLY THE OWNERS ACTION PERTAINING TO LANDLOCKED LANDS AS IT RELATES TO SIZE, SHAPE, AND NUMBER OF ABUTTING OWNERS ARE PRESENTED TO ESTABLISH THAT A LARGE VARIANCE OF OPINION COULD BE SUPPORTED AND AN ULTIMATE AFTER VALUE SHOULD BE DETERMINED BY EXPERIENCED APPRAISERS.

Media Info

  • Media Type: Print
  • Features: Figures; Photos; Tables;
  • Pagination: pp 95-106
  • Monograph Title: Highway law revision developments - 1962 and reservation and acquisition of highway rights-of-way
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00238344
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Jan 23 1994 12:00AM