Property Valuation
In Tennessee, an 'as-stabilized' appraisal value reflects the property's value after:
AFull demolition and land clearance
BReaching stabilized occupancy following construction or lease-up✓ Correct
CAll deferred maintenance is completed
DThe mortgage is fully paid off
Explanation
An as-stabilized value reflects what the property will be worth once it reaches stabilized occupancy (typically 93-95% occupied), following completion of construction and lease-up. This is commonly used for new construction lending.
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