So, yes, this a great tool for general locations, but that data is not coming from a metes and bounds description, which is what a surveyor is working off of. ArcGIS even states their mapping system is "general purpose" and the data is pulled from a variety of sources, most of which in our state is the county auditor's office. If you've ever spent much time on your auditor's website, it doesn't take long to see the property lines are "approximate" at best. While ArcGIS is a great tool, do not use it to resolve a boundary dispiriting.
*Disclaimer: I am not a surveyor, just the son of a surveyor who started assisting on surveys at 6 years old. I also spent 5 years managing surveying contractors in the oilfield and my best friend is a surveyor, so this is right up my alley.