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External Obsolescence ?

Discussion in 'The Watercooler' started by Mike Kennedy, Sep 28, 2007.

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  1. Mike Kennedy

    Mike Kennedy Elite Member

    38
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    Opinions welcome :Eyecrazy:
     
    Last edited: Sep 14, 2008
  2. Andy Taylor

    Andy Taylor Member

    0
    Sep 22, 2003
    Professional Status:
    Certified General Appraiser
    State:
    North Carolina
    Good luck finding comps within 1 mile.
     
  3. Michael Schendel

    Michael Schendel Junior Member

    0
    Nov 12, 2003
    Professional Status:
    Licensed Appraiser
    State:
    Arizona
    I bet Tiger Woods would buy that for $3M.
     
  4. Joyce Potts

    Joyce Potts Elite Member

    5
    Feb 6, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    External Obsolesence is another buyer's paradise. I see a secluded, private island with waterviews from every window.
     
  5. Jim Mallon

    Jim Mallon Member

    0
    Dec 9, 2004
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    California
    And then tear it down.
     
  6. Joyce Potts

    Joyce Potts Elite Member

    5
    Feb 6, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    What's the highest and best use?
     
  7. Denis DeSaix

    Denis DeSaix Elite Member

    58
    May 16, 2005
    Professional Status:
    Certified General Appraiser
    State:
    California
    Lighthouse.
     
  8. Joyce Potts

    Joyce Potts Elite Member

    5
    Feb 6, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    VERY GOOD!!
     
  9. Hamlet

    Hamlet Elite Member

    0
    Aug 14, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Ohio
    Well at least it has electricity!! They need a boat dock at the front steps. LOL.
     
  10. Ariba

    Ariba Senior Member

    1
    Feb 8, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    Similiar property I did recently! LOL
     

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