Which statement best summarizes the role of river frontage in determining value in the given example?

• A. River frontage is a major factor influencing value
• B. River frontage only matters for commercial properties
• C. River frontage is negligible
• D. River frontage is a minor factor

Answer: (A)

The impact of river frontage on value is that it often creates a strong premium due to scarcity and high desirability. Waterfront access, views, recreational opportunities, and the prestige of having river frontage tend to attract buyers who are willing to pay more, so this feature typically drives a substantial portion of the property's value. In the sales comparison approach, such a feature is reflected in adjustments that capture the additional market appeal and potential uses, not just for commercial properties but across property types. It’s not typically negligible or minor, as the demand for waterfront access is widespread and the supply is limited. Therefore river frontage being a major factor influencing value is the best summary.