CJ1234
Junior Member
- Joined
- Jan 24, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Minnesota
Kristopher,
Have you done any more than searched REALTOR or city data? Maybe it's so common in homes of a similar age that its not listed as in the garage???
In NW Minnesota it would be external more than functional or maybe both, when things weren't frozen solid (eight months of the year) the mosquitos would eat you alive!
No. It would be functional (if it indeed is atypical for market). Not external. External depreciation is "Fix" to the site: IE Highway noise, waste to fuel plant in neighborhood, proximity to airport, etc.
Caused by negative influences outside the property which are beyond the control of the property owner. Therefore, it’s usually incurable.
It can also be caused by economic conditions such as base or plant closings.