Tech Tips in 56401>Question Details

Lori Abear, Real Estate Pro in 56401

Appraiser What would an appraiser use for value.

Asked by Lori Abear, 56401 Sun Oct 5, 2008

Cabin hauled into property setting on cement blocks. 3 season, old cabin, electric, sewer?? out house Would you give it any value on appraisal

0 votes Share Flag Tech Tips in 56401

Help the community by answering this question:


As Cameron stated there may be a negative value on the cabin if it is viewed as a tear down structure and not livable, Electric and sewer would add as these are improvements to the property. An outhouse would not qualify as an improvement but always comes in handy!! Road in paved? dirt? width? etc. all are looked at.
You need to have someone do an on site inspection.
0 votes Thank Flag Link Thu Mar 5, 2009

The appraiser would first look for comparables situations that have recently sold. Failing that they will appraise the land based on recent comparables and then more than likely add a depreciated construction cost for the cabin, but since this cabin is so old, you may not see any value added at all. I hope that helps.

Cameron Piper
Web Reference:
0 votes Thank Flag Link Sun Oct 5, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer