Tuesday, July 22, 2014

External obsolescence effects appeal and marketability

External obsolescence is nothing more than a bad location. The value of
residential property is maximized when it is located on a quiet residential street. In Elmwood Park a single family home is located on a busy arterial street adjacent to multifamily property and in close proximity to commercial property and railroad tracks. A terrible location for a single family home. http://www.appraisercitywide.com 312-479-5344

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