| Sl. No. | Parameter | $ |
| 1 | the reproduction cost new | 2,500,000 |
| 2 | [+] Physical deterioration | 400,000 |
| 3 | [+] Functional Obsolence | 50,000 |
| 4 | [+] External obsolence | 50,000 |
| 5 | [+] adjustment (=1.85 x 110,000) | 203,500 |
| the indicated total value for the subject property | 3,203,500 |
Suppose you have a subject property with 105,000 sq. ft. lot and existing improvements for which...
Suppose you have a subject property with a 105,000 sq. ft. lot and existing improvements for which you estimate the reproduction cost new to be $2,500,000, physical deterioration to be $400,000, functional obsolescence to be $50,000, and external obsolescence to be $50,000. If you have information on a comparable lot of 110,000 sq. ft. which recently sold for $200,000 and the only adjustment is $1.75 per sq. ft. for the difference in lot size, what is the indicated total value...
FIR 3310 Problem Set #1 Suppose you have a subject property with a 105,000 sq. ft. lot and existing improvements for which you estimate the reproduction cost new to be $2,500,000, physical deterioration to be $400,000, functional obsolescence to be $50,000, and external obsolescence to be $50,000. If you have information on a comparable lot of 110,000 sq. ft. which recently sold for $200,000 and the only adjustment is $1.75 per sq. ft. for the difference in lot size,...