Land that is developed to the extent that it is ready to be built upon is considered a _____?

Study for the IAAO Assessment Administration Specialist (AAS) exam. Engage with flashcards and multiple choice questions, each offering hints and detailed explanations. Prepare thoroughly for your certification!

The term that best describes land that has been developed to the extent that it is ready to be built upon is "site." In real estate terminology, a site refers to a specific piece of land that has been made suitable for construction or other intended uses. This typically involves preparation activities such as grading, utility installation, and ensuring access to transportation routes.

While "parcel," "lot," and "plot" are related terms, they do not specifically imply that the land is fully prepared for development. A parcel refers broadly to a defined area of land but may not indicate its readiness for building. A lot is often used interchangeably with site but can refer to smaller divisions of land within a larger area that may not be fully developed. A plot typically refers to a piece of land, but like parcel, it does not carry the implication of being prepared for immediate construction as "site" does. Thus, "site" is the most accurate term for developed land ready for building.

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