Property Valuation
A NH appraiser notes that a property's neighborhood has transitioned from single-family to increasingly mixed residential/commercial uses. This is evidence of:
AConformity
BA neighborhood in transition — which affects comparable selection and may indicate changing value trends✓ Correct
CIncreasing functional obsolescence
DImproving highest and best use toward pure residential
Explanation
A neighborhood in transition from residential to mixed use represents changing highest and best use. The appraiser must recognize this dynamic and select comparables that reflect the transitional nature of the market.
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