What is an irregular lot?
Irregular lot shapes make up for anything that doesn’t fit the conventional shapes, and ‘other’ is likely for when the listing agent has no idea what shape the lot is.Click to see full answer. In this manner, what does IRR mean in lot size? internal rate of return Likewise, what is a flag lot in…
Irregular lot shapes make up for anything that doesn’t fit the conventional shapes, and ‘other’ is likely for when the listing agent has no idea what shape the lot is.Click to see full answer. In this manner, what does IRR mean in lot size? internal rate of return Likewise, what is a flag lot in real estate? A flag lot is a real estate term that describes a land parcel that lies at the end of a long driveway. A flag lot may lie behind residences, buildings, or open land, and it is usually not visible from a road. Owning a lot that has no road frontage may give you privacy, but it may have some drawbacks as well. Also asked, how do you find the area of an irregular lot? Step 1: Measure all sides of the area in one unit (Feet, Meter, Inches or any other). Step 2: Enter length of horizontal sides into Length 1 and Length 2. And Width of the vertical sides into Width 1 and Width 2. Step 3: Press calculate button. Our Formula: Area = b × h. What is key lot?Definition. A lot that has added value because of its strategic location, especially when it is needed for the highest and best use of contiguous property. A key lot is also a lot that adjoins the rear property line of a corner lot and fronts on a secondary street.
