HOUSE_OVERSIGHT_018849.jpg
1.59 MB
Extraction Summary
2
People
4
Organizations
7
Locations
2
Events
1
Relationships
4
Quotes
Document Information
Type:
Property analysis report / real estate appraisal
File Size:
1.59 MB
Summary
This document is page 38 of a property analysis report for the IGY American Yacht Harbor Marina in Red Hook, Virgin Islands, likely prepared by the firm 'irr'. The analysis notes the property's location in a floodplain, its extensive road and water frontage, and two minor encroachments by a parking garage onto adjacent, government-owned land remnants. The report concludes that these encroachments are insignificant and do not adversely affect the property's value, assuming a clear and marketable title.
People (2)
| Name | Role | Context |
|---|---|---|
| the owner | Owner of the subject property |
Mentioned as being responsible for the expense of additional insurance due to the property being in a 100-year floodp...
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| land use attorney | Legal Professional (hypothetical) |
Mentioned as a professional who should be engaged to determine compliance with zoning ordinances.
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Organizations (4)
| Name | Type | Context |
|---|---|---|
| Government of the Virgin Islands |
Owns the small, uneconomic remnants of land (Parcels 18N-1-A A and 18B-2 A) that the subject property's parking garag...
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| IGY American Yacht Harbor Marina |
Identified in the footer, this is likely the subject property being analyzed in the report.
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| irr. |
A logo in the footer, likely the firm that prepared the analysis report (possibly Integra Realty Resources).
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| HOUSE_OVERSIGHT |
Implied by the document identifier 'HOUSE_OVERSIGHT_018849', suggesting this document is part of a collection for a g...
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Timeline (2 events)
ongoing
The subject property's parking garage encroaches on two neighboring parcels owned by the Government of the Virgin Islands.
Boundary between the subject property and Parcels 18N-1-A A and 18B-2 A
undetermined past
Dredging was assumed to have occurred at some point in time, which enabled dockage close to the water line.
Vessup Bay waterfront of the subject property
Locations (7)
| Location | Context |
|---|---|
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The subject property of the analysis, located in Red Hook.
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The subject property has 765 linear feet of frontage along this road.
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The subject property has 846 linear feet of water frontage along this bay.
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The area where the subject property is located, mentioned as being in the 'heart of Red Hook'.
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A parcel of land owned by the Government of the Virgin Islands, which is encroached upon by the subject's parking gar...
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A parcel of land owned by the Government of the Virgin Islands, which is encroached upon by the subject's parking gar...
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The general jurisdiction, inferred from the 'Government of the Virgin Islands'.
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Relationships (1)
Subject Property (IGY American Yacht Harbor Marina)
→
Property Encroachment
→
Government of the Virgin Islands
The subject property's parking garage encroaches on two parcels (18N-1-A A and 18B-2 A) owned by the Government of the Virgin Islands.
Key Quotes (4)
"The subject is located within a 100-year floodplain related to coastal flooding, which would require additional insurance at the expense of the owner."Source
HOUSE_OVERSIGHT_018849.jpg
Quote #1
"According to the property survey provided, the subject parking garage encroaches the neighboring parcel to the north in two separate areas: an 82 square foot area encroaches onto Parcel 18N-1-A A, and a 105 square foot area encroaches onto Parcel 18B-2 A."Source
HOUSE_OVERSIGHT_018849.jpg
Quote #2
"These areas are small in size and the parcels being encroached upon are uneconomic remnants of land owned by the Government of the Virgin Islands. As a result, these encroachments do not have an adverse effect on the overall value of the subject."Source
HOUSE_OVERSIGHT_018849.jpg
Quote #3
"Our valuation assumes no adverse impacts from easements, encroachments, or restrictions, and further assumes that the subject has clear and marketable title."Source
HOUSE_OVERSIGHT_018849.jpg
Quote #4
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