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Question
A reliable cost manual suggests cost figures and adjustment factors for a house like that diagramed below. Using the sketch, and the following data, estimate the total replacement cost of these improvements:| Base cost | $62/SF | Area-shape multiplier | 1.01 |
| Extra equipment | $9,000 | Local cost multiplier | 1.04 |
| Garage | $20/SF | Current cost multiplier | 1.05 |
| Driveway, walks | $5,000 |
Answer (choose nearest to correct answer):
a. $130,000
b. $116,000
c. $138,000
d. $220,000
Answer
This answer is hidden. It contains 441 characters.
Related questions
Q:
In a recent appraisal of a three bedroom home in a good location, the appraiser has analyzed three comparable sales. A summary follows:DataComparable #1 Comparable #2 Comparable #3Price paid$250,000$225,000$295,000LocationInferior EqualSuperior Lot sizeLarger than subject Smaller than subjectSmaller than subjectAmenities & ConditionEqual to subjectSuperior to subjectSuperior to subjectDollar Adjustments Indicated by Market StudyLocation difference = $30,000; Lot size difference = $25,000;Amenities and condition difference = $10,000;Problem:Relying upon the comparables and the adjustments indicated, what is the best value conclusion for the subject property?a. $220,000 b. $240,000c. $255,000 d. $270,000
Q:
Which of these procedures would be recommended when adjusting the sales of six-room houses with large size differences?
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Q:
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Q:
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Q:
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a. Those made to support federally-insured real estate loans
b. Private income tax appraisals
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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b. Products are similar and interchangeable
c. Government plays a large role
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Q:
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Q:
If the annual gross income multiplier is 8.0 and monthly rents are $5,000, what is the indicated value of the subject property?a. $400,000 b. $ 40,000c. $480,000 d. $750,000
Q:
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b. Gross income less vacancy and collection losses
c. Gross income less allowable expenses
d. None of the above
Q:
Of the following, which does not suggest functional obsolescence?
a. A conforming house in poor condition
b. An illegal structure
c. A misplaced improvement
d. An over-improvement