In the five-acre parcel scenario, the total value for commercial use is what amount?

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Master the Mckissock General Appraiser Sales Comparison Approach Test with comprehensive quizzes and explanations. Enhance your skills in the appraiser profession and pass your exam with confidence!

Multiple Choice

In the five-acre parcel scenario, the total value for commercial use is what amount?

Explanation:
Value for a specific use comes from taking the land value per acre for that use and multiplying it by the total acres. In this scenario, the data gives a commercial-use value of 54,450 per acre. Multiply by five acres: 54,450 × 5 = 272,250. So the total value for commercial use is 272,250. The other numbers would come from different per-acre values or a miscalculation. For example, 217,800 would be five acres at 43,560 per acre, 225,000 would be five acres at 45,000 per acre, and 272,000 would be five acres at 54,400 per acre.

Value for a specific use comes from taking the land value per acre for that use and multiplying it by the total acres. In this scenario, the data gives a commercial-use value of 54,450 per acre. Multiply by five acres: 54,450 × 5 = 272,250. So the total value for commercial use is 272,250.

The other numbers would come from different per-acre values or a miscalculation. For example, 217,800 would be five acres at 43,560 per acre, 225,000 would be five acres at 45,000 per acre, and 272,000 would be five acres at 54,400 per acre.

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