Property Valuation
Which of the following factors does NOT directly affect a property's market value?
ALocation and neighborhood quality
BPhysical condition and size of improvements
CThe seller's original purchase price paid 10 years ago✓ Correct
DCurrent supply and demand in the local market
Explanation
Market value is based on current market conditions, not historical cost. The seller's original purchase price is irrelevant to current market value — a property is worth what the market will bear today, regardless of what was paid years ago. Location, condition, and current supply/demand directly influence current market value.
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