Price per square foot - Study guides, Class notes & Summaries

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 answer-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 answer-$1,138,842 Property that fronts on a lake is usually valued on a basis of price per - correct answer-front foot The most ...

If the site represents 40% of the total value in a particular neighborhood, how much land value would be allocated from a $200,000 sale of a single family home? - $80,000 In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,000. Research reveals a typical land value-to-total property value ratio of 20%. What is the range of value for a similar site in this neighborhood? - • $28,000 to $32,000 Land can be valued by - Sales comp...

Basic Appraisal Procedures, Test Review Questions with Verified Answers "The age of property that is based on the amount of observed deterioration and obsolescence it has sustained" is the definition of ____________ age. effective In what type of heating system would you find an expansion tank? hot water Which of the following would be general data? mortgage rates, unemployment rates, property tax rates A comparable new house just sold for $440,000. You estimate the value of the site at $9...

McKissock Liberty University -McKissock Appraisal Procedures question n answers graded A+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 answer 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 answer $1,138,842 Property that fronts on ...

If the site represents 40% of the total value in a particular neighborhood, how much land value would be allocated from a $200,000 sale of a single family home? Correct Answer-$80,000 In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,000. Research reveals a typical land value to total property value ratio of 20%. What is the range of value for a similar site in this neighborhood? Correct Answer-$28,000 - $32,000 Land can be v...

1. Proteins necessary for body's mainte- nance, growth, and repair (GS) 2. Carbohydrates and Fats used primarily for energy (GS) 3. 212 Water boils at degrees fahrenheit (GS) 4. 100 Water boils at degrees Cel- sius (GS) 5. 373 Water boils at Ks on the Kelvin scale (GS) 6. Veins carry blood from capillaries toward the heart. (GS) 7. Arteries carry blood away from the heart. (GS) 8. Ventricles lower chamber of the heart (GS) 9. Red Blood Cells component of blood which car- ri...

Basic Appraisal Procedures Exam Questions And Answers Site - ANS Land that is improved so that it is ready to be used for a specific purpose Separate Site Valuations - ANS Cost approach Assessments and taxation Condemnation appraisals Certain income capitalization methods Highest and best use analysis Cost Approach (summation approach) - ANS Site Value + Depreciation Depreciation - ANS Cost New SALES COMPARISON - ANS Comparison with recent sales--Most Commonly ...

The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery listing valuation The taxable location of personal property is referred to as its __________. - Answer- situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal A jurisdiction's...

Rate - ANSWER The cost per unit. 3 Factors in a percentage problem - ANSWER 1. Amount paid is the amount invested. 2. Rate (%) is the percentage. 3. Amount made is the amount earned. Amount ____ is the amount invested - ANSWER Paid Amount paid is the amount______ - ANSWER invested Rate (%) is the _____ - ANSWER percentage ____ is the percentage - ANSWER rate In percentage problems, one of three factors is missing. There are three rules for finding the missing factor: -...

ASREB Practice Exam, Sessions 1-18, Study Guide Questions Correctly Answered And Graded A+ ASREB A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? A) $37,570 B) $75,141 C) $76,230 D) $78,712 B 3.45 acres x 43,560 = 150,282 SF 150,282 SF x $0.50 = $75,141 A blind ad refers to an ad that A) provides no price. B) provides no address. C) gives no indication that the property is listed with a broker. D) gives no indication that the property has bene ...