McKissock Appraisal Procedures (A+ Graded Answers)

A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? correct answers 105.0 A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? correct answers $1,138,842 Property that fronts on a lake is usually valued on a basis of price per correct answers front foot The most complex method of site valuation is the _______________ method. correct answers subdivision development The URAR sales comparison grid requires you to enter in the _________ age of the subject property and comparables. correct answers actual Which type of valuation analysis would typically NOT include a separate site valuation? correct answers gross rent multiplier When describing roofing shingles, a "square" contains __________ square feet. correct answers 100 An expansion tank is part of a ___________ heating system. correct answers hot water What type of framing became popular in the 1800s with the advent of the steam-powered sawmill? correct answers balloon frame A house is rented for $1,050 per month, but lacks air conditioning. Comparable houses with air conditioning rent for $1,100 per month. The appropriate gross rent multiplier is 85. By the capitalized value method, how much is the depreciation attributable to the lack of air conditioning? correct answers $4,250 Which was the earliest form of electrical wiring? correct answers knob and tube Keyways are employed in which type of foundation walls? correct answers poured concrete "The amount by which contract rent exceeds market rent at the time of the appraisal...." is the definition of __________ rent. correct answers excess The subject is a 15 year old duplex that would cost $240,000 to build new today. It is in good condition and you estimate the effective age to be 10 years. Your estimate of total economic life is 50 years. Its land value is $60,000. What is its value by the cost approach? correct answers $252,000