You are valuing a two-acre vacant rural lot with a single-family residential highest and best use. The neighbouring property sold recently for $195,000. It is similar in all respects except for size and topography. The neighbouring property is 20 acres, but roughly 60% of the lot is steep, rocky hillside. 5. What is the BEST estimate of the effective size of this comparable? (1) 5 acres (2) 8 acres (3) 12 acres (4) 20 acres

Answer rating: 100% (QA)

The best estimate of the effective size of the comparable property is 2 8 acres Heres the reasoning ... View the full answer