What Is a Parcel in Real Estate?
In real estate, a parcel is a specific piece of land defined by legal boundaries and assigned a unique identification number for tax and ownership purposes. Every property listed on the MLS includes a parcel reference, which helps confirm the lot’s legal description.
Parcel vs. Lot
Although the terms “parcel” and “lot” are often used interchangeably, they have slightly different meanings:
- Parcel: A legally recognized portion of land with a defined boundary and unique identifier (like an APN).
- Lot: A platted subdivision area intended for development or sale, often part of a recorded map.
Every lot is part of a parcel, but not all parcels are subdivided lots. Large parcels may contain multiple lots, structures, or zoning categories.
What Is a Parcel Number?
A parcel number, also known as an Assessor’s Parcel Number (APN), is a unique code assigned by the county assessor’s office to identify a property for tax and ownership records.
- Used by tax authorities, title companies, and the MLS to confirm legal ownership.
- Typically found on property tax bills or county GIS websites.
- May include section, township, and range references in rural areas.
FSBO sellers can locate their parcel number using their county assessor’s portal when filling out an MLS listing through Brokerless.
Why Parcels Matter in Real Estate Transactions
Parcels ensure that each property can be identified and conveyed accurately. They are essential for deeds, mortgages, zoning, and MLS data accuracy.
When selling FSBO, providing the correct parcel ID helps prevent title issues and ensures buyers and agents can locate your property in public records.
List Your Property by Parcel Number
When listing with Brokerless, you’ll enter your parcel or property ID to link your MLS listing to county tax records. This gives buyers and agents confidence that your listing is legitimate, complete, and properly identified.
Related term: What Is Land in Real Estate?
