Land is valued at $80,000. New construction cost for a minimum quality home 35 feet by 45 feet is $100 per square foot. For a garage 25 feet by 25 feet, the cost is $40 per square foot. Depreciation is 10% of new replacement cost. What is the value estimate?
A) $262,500
B) $182,500
C) $164,250
D) $244,250
Correct Answer:
Verified
Q2: A loan made by a lender who
Q3: A secondary mortgage market is where:
A) existing
Q4: The cost approach would be given the
Q5: Which of the following types of loans
Q7: The appraisal principle that states that the
Q8: Private mortgage insurance (PMI):
A) makes the payments
Q9: Find the value by use of the
Q10: Discount points are typically found in
A) VA
Q11: A loss in value because of a
Q17: The most important consideration in an appraisal
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