Definition of "Plottage"

Donna Moy-Bruno  real estate agent
Donna Moy-Bruno ERA Key Realty Services

The increase in value occurring through the process of combining several contiguous land lots into one large lot held under one ownership. For example, Brian combined five contiguous lots valued at $15,000 each into one large lot worth $125,000,. The plottage value is $125,000 - (5x$15,000) = $50,000.

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