Property Valuation
A Virginia appraiser is valuing a waterfront property on the Chesapeake Bay. The appraiser must specifically consider:
AOnly the view premium
BWater access, tidal flooding risk, RPA restrictions, and water quality impacts on value✓ Correct
COnly the lot size
DVREB market data from inland properties
Explanation
Chesapeake Bay waterfront properties have unique value considerations: water access and views add premiums, while tidal flooding, RPA development restrictions, erosion risk, and water quality issues require thorough analysis.
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