Property Valuation
When appraising a property in Newark, NJ, an appraiser making a paired sales analysis would use that technique to:
ADetermine the cap rate
BIsolate and quantify the value contribution of a single feature by comparing otherwise identical sales✓ Correct
CCalculate accrued depreciation
DEstimate reproduction costs
Explanation
Paired sales analysis compares two sales that are identical except for one feature (e.g., a garage), allowing the appraiser to isolate and measure the market value contribution of that feature.
Related New Jersey Property Valuation Questions
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