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You are valuing a two-acre vacant rural lot with a single-family residential highest and best use. The neighbouring property sold recently for $195,000. It is
You are valuing a two-acre vacant rural lot with a single-family residential highest and best use. The neighbouring property sold recently for $195,000. It is similar in all respects except for size and topography. The neighbouring property is 20 acres, but roughly 60% of the lot is steep, rocky hillside. 5. What is the BEST estimate of the effective size of this comparable? (1) 5 acres (2) 8 acres (3) 12 acres (4) 20 acres
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The best estimate of the effective size of the comparable property is 2 8 acres Heres the reasoning ...Get Instant Access to Expert-Tailored Solutions
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
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