Property Valuation
An Alaska appraiser is valuing a historic log cabin near Talkeetna. The cabin has a unique design with no comparable sales nearby. The appraiser would rely MOST heavily on:
ASales comparison approach
BIncome approach
CCost approach✓ Correct
DAutomated valuation model
Explanation
For unique, special-purpose, or historic properties with few comparable sales, the cost approach (estimating land value plus the depreciated reproduction or replacement cost of improvements) is the most appropriate primary method.
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