Property Valuation
An Alaska appraiser determines that comparable sales need a 'market conditions adjustment' of +2% per year due to price appreciation. For a sale that closed 18 months ago at $400,000, the time-adjusted price is approximately:
A$404,000
B$410,000
C$412,000✓ Correct
D$424,000
Explanation
Time adjustment: 18 months = 1.5 years × 2% = 3% total adjustment.
Related Alaska Property Valuation Questions
- A property has an EGI of $120,000 and operating expenses of $48,000. What is the net operating income (NOI)?
- An Alaska appraiser using the cost approach calculates the following: land value $150,000, replacement cost new of improvements $400,000, total depreciation $80,000. The indicated value is:
- An appraisal report prepared for a federally related transaction in Alaska must comply with:
- In Alaska, the cost approach to value is MOST useful for appraising:
- A commercial property in Juneau generates $120,000 in NOI annually. The prevailing cap rate for similar properties is 8%. What is the estimated value?
- External obsolescence in property appraisal is caused by:
- Depreciation in real estate appraisal is best defined as:
- A property generates annual net operating income (NOI) of $60,000. Using a capitalization rate of 8%, the estimated value using the income approach is:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →