Property Valuation
The cost approach to appraisal is MOST useful for which type of property?
AApartment buildings with strong rental histories
BSingle-family homes in established neighborhoods with many comparable sales
CSpecial-purpose properties with few or no comparable sales✓ Correct
DRaw land with no improvements
Explanation
The cost approach is most reliable for special-purpose properties (schools, churches, government buildings) where comparable sales are rare. It estimates value as land value plus reproduction/replacement cost of improvements minus accrued depreciation.
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