Property Valuation
When performing a site analysis for a residential property in Charlotte's Myers Park neighborhood, an appraiser would consider all EXCEPT:
ALot size and dimensions
BTopography and drainage
CThe seller's personal property included in the sale✓ Correct
DAccess and visibility
Explanation
Site analysis focuses on the land itself — size, shape, topography, drainage, utilities, and access. Personal property (furnishings, appliances not affixed) is not real property and would not be part of a real estate site analysis.
Related North Carolina Property Valuation Questions
- A comparable sale closed 6 months ago at $300,000 and the market has appreciated 1% per month since then. What is the time-adjusted price?
- The 'economic life' of a building in NC appraisal is defined as:
- Highest and best use is defined as the use that is:
- In the cost approach, 'reproduction cost' differs from 'replacement cost' in that:
- The income approach to value uses which formula?
- Net operating income (NOI) is calculated as:
- What is the gross rent multiplier (GRM) for a property that sells for $180,000 and rents for $1,500 per month?
- In the cost approach, what does accrued depreciation include?
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →