The M.I.T. Endicott House : a study in highest and best use

Since the 1950's, the Massachusetts Institute of Technology has been in possession of the Endicott House, a 19-acre property and former family estate located in Dedham, MA. A highest and best use analysis was performed on the subject site in an effort to determine which of several potential uses would yield the highest potential profit. Three major scenarios including selling the property as it exists currently, subdividing it and selling vacant lots for single-family homes and subdividing the property, constructing single-family homes and selling them were examined. Values for differing scenarios were derived in several ways, making sure to use the appropriate methods for each. These methods included discounted cash flow analysis, the sales comparison technique and assessed value to actual sales price ratio approach. In general, costs for scenarios involving the improvement of real estate were derived with the assistance of a development company with over 25 years of experience and specializing in the construction and sale of single-family homes and planned communities.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Architecture.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2006

Author dc:creator

• Bolstad, William C. (William Charles)

Advisor dc:contributor.advisor

• Brian A. Ciochetti.

• Architecture.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/37439
• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Identifier URI

http://dspace.mit.edu/handle/1721.1/37439

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/37439