Question: A fully developed site has been deemed the only suitable comparable for a subject property. The adjusted sale price for the comparable property is $625,000.

A fully developed site has been deemed the only suitable comparable for a subject property. The adjusted sale price for the comparable property is $625,000. The cost approach has determined that the value of the structures on the site is $325,000. Using the abstraction method, what is the estimated value of the subject property site?

$300,000

$325,000

$625,000

$950,000

None of the above

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