Property Valuation
In Colorado, 'amenity value' added by proximity to open space, parks, or mountain views affects property values because:
AA. It is purely subjective and never affects market value
BB. Buyers in the market demonstrably pay more for properties with these features, so they contribute positively to market value✓ Correct
CC. It only affects luxury properties over $1 million
DD. Government assessors add a fixed percentage for view properties
Explanation
Market data in Colorado consistently shows that proximity to parks, open space, hiking trails, and mountain views contributes positively to residential property values. Appraisers quantify this through paired sales analysis — comparing similar properties with and without the amenity to isolate its market value contribution.
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