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IL-Chap 9

Legal Descriptions

QuestionAnswer
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
Created by: Denise Setchel
 

 



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