An appraiser performs the sales comparison, cost-depreciation, and income approaches in an appraisal assignment. The indicated values from each approach are:

Sales comparison$365,500

Cost-depreciation$342,800

Income approach$340,250

The appraiser believes that the sales comparison approach was the most relevant for the appraisal assignment, so he gives this approach 70% weight. He gives the cost approach 20% weight and the remaining weight is applied to the income approach. What is the final reconciled estimate of value for the subject property?

Answer rating: 100% (QA)

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