If you give me the name and the hundred block of the street in question I can look those properties up and see whether they’re subdivision lots or part of a condo program. I looked up some sales referenced earlier in this thread and those were condos; that’s why I asked the question.
Condominiums are a form of ownership, not construction. For instance, in an own-your-own mobile home park, the pads they’re buying are usually owned as condominiums, whether there’s a mobile home on them or not. I’ve appraised industrial lots and retail pads owned as condominiums; I’ve appraised lots of freestanding office and industrial buildings that were owned as condominiums and I’ve appraised entire residential projects copnsisting of detached single family homes.
Some of the clues that your project may or may not be a condo project include the following:
– Really small lots; 5,000 SqFt or less
– Unfenced rear yards or fenced areas that don’t seem to correspond to what the lot dimensions would be.
– Private Streets that are less than 40 feet in width.
– Dedicated parking areas for guest parking spaces.
– Clubhouse, pool and other significant common elements for the project. This one isn’t always limited to condo projects but subdivision projects with them are relatively few.