EVALUATION REPORT OF THREE HUNDRED STUDIES OF RIGHT OF WAY REMAINDERS

AN ANALYSIS OF THE FIRST 300 PUBLISHED STUDIES, 195 ON THE INTERSTATE SYSTEM AND 105 ON THE ABC SYSTEM /U.S. AND STATE HIGHWAYS/ HAS BEEN MADE. IT WOULD BE PREMATURE TO ATTEMPT TO REACH FIRM RECOMMENDATIONS ON THIS LIMITED NUMBER OF STUDIES. HOWEVER, CERTAIN TRENDS ARE INDICATED. THERE SEEMS TO BE A MARKET VALUE FOR ALL TYPES, SIZES AND SHAPES OF REMAINDERS. HOWEVER, THE SIZE PLAYS AN IMPORTANT ROLE AS TO THE AFTER VALUE. THE 5 AND 10 ACRE GROUP APPEARS TO ENJOY THE GREATEST ENHANCEMENT ON BOTH THE INTERSTATE AND ABC SYSTEMS. SOME REMAINDERS WILL SUFFER A DIMINUATION IN MARKET VALUE BUT THE LOSS IS NOT AS GREAT AS ORIGINALLY ESTIMATED. THIS IS PRIMARILY BECAUSE OF CHANGES IN USE FROM THAT ENVISAGED AT THE TIME OF APPRAISALS. WHEN NEW FACILITIES ARE CONSTRUCTED OR EXISTING HIGHWAYS ARE WIDENED AND IMPROVED THERE IS EVIDENCE THAT THE USE OF PROPERTY WILL CHANGE WHEN THE REMAINDER SELLS. /AUTHOR/

  • Supplemental Notes:
    • Research RePORT 44-1, 13 PP
  • Corporate Authors:

    Texas State Department of Highways & Public Transp

    11th and Brazos Streets
    Austin, TX  USA  78701
  • Authors:
    • Mauldin, B W
  • Publication Date: 1967-5

Subject/Index Terms

Filing Info

  • Accession Number: 00200825
  • Record Type: Publication
  • Files: TRIS, STATEDOT
  • Created Date: Aug 23 1994 12:00AM