Property Valuation
Which of the following Minnesota properties would most likely have the lowest per-square-foot value?
AA waterfront property on a named lake in northern Minnesota
BA home in a prime suburb of Minneapolis
CA rural farmstead in western Minnesota with no lake access✓ Correct
DA condominium in downtown St. Paul
Explanation
Rural farmsteads without lake access and in agricultural areas of western Minnesota typically have the lowest per-square-foot residential values due to lower demand, fewer employment opportunities, and limited amenities compared to metro suburbs, downtown locations, and lakefront properties.
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