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April 18, 2014

Homework Help: real estate finance

Posted by tmouery on Sunday, April 21, 2013 at 8:51pm.

Sue is appraising a property using the cost approach. The and (if vacant) has a value of $90,000. The house was built in 1982, has 2300 square feet and she has estimated it has an economic life of 90 years. The replacement cost on this type of construction is $120/sq. ft. What would Sue's indicated cost value be on this property?

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