Property Valuation
In South Dakota, which of the following is NOT a characteristic of a good comparable sale used in the sales comparison approach?
ASimilar size and features to the subject
BSold in an arm's length transaction
CLocated in the same or similar market area
DSold 10 years ago in a different market✓ Correct
Explanation
Good comparable sales should be: recent (typically within 6-12 months), located in the same or similar market area, have similar physical characteristics, and reflect arm's length transactions. A sale from 10 years ago in a different market would not be a reliable comparable.
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