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IL-Chap 9
Legal Descriptions
Question | Answer |
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Legal description | a detailed way of describing a parcel of land for documents such as deeds and mortgages that will be accepted in a court of law. |
Survey | process by which boundaries are measured by calculating the dimensions and area to determine the exact location of a piece of land. |
3 basic methods used to describe real estate | 1. Metes and bounds 2. Rectangular (or government) survey 3. Lot and block (recorded plat) |
Metes and bounds method | oldest type of legal description. Metes=distance bounds=compass direction/angle. Starts with a designated place called Point of Beginning (POB). |
Rectangular Government Survey | est. by Congress in 1785 to standardize the description of land acquired by the newly formed federal government |
principal meridians run north and south. 2 run through IL | baselines run east and west. |
Township tiers - lines running east and west parallel to the baseline and six miles apart. | Ranges - land on either side of the principal meridian is divided into six mile-wide strips by lines running north and south, parallel to the meridian. |
Township squares - when horizontal township lines and vertical ranges line intersect they form squares. | Townships are six miles square and contain 36 square miles = 32,040 acres |
Sections - each township section contains 36 sections. Each section is one square mile or 640 acres. | Sections are number 1 through 36 in a backward S-curve beginning at the upper right corner to left then curving left to right then right to left. |
Lot and Block System | referred to in a plat map and often used to describe property in a subdivision and urban areas. |
Calculate cost of parcel of land of 3 acres at $1.10/square foot convert acreage to square feet before multiplying. | 43,560 sq ft/acre X 3 acres = 130,680 sq.ft. 130,680 X $1.10 = $143.748 cost of parcel |
Calculate cost of parcel of land of 17,500 sq at $60,000/acre | $60,000/acre divided by 43,560 sq ft/acre = $1.38 17,500 sq ft X $1.38 = $24,150 cost of parcel of land |