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Question
By the cost approach, estimate the value of a 40 year old, 2,000 square foot house, based on the following:| House replacement cost | $ 80/SF |
| Garage cost (400 square feet) | $ 30/SF |
| Patio and yard improvements cost | $15,000 |
| Physical deterioration | $27,000 |
| Functional obsolescence (poor floor plan) | $20,000 |
| Land value from comparable sales | $100,000 |
a. $260,000
b. $287,000
c. $200,000
d. $240,000
Answer
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Related questions
Q:
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