2,307 square feet $102/sf cost to build
Basement: 1,566 square feet $83/sf cost to build
Garage: 452 square feet $81/sf cost to build
Screened porch: 254 square feet $52/sf cost to build
Short-lived items:
HVAC $6,519 new effective age of 10 years life expectancy of 22 years
Plumbing Fixtures $5,910 new effective age of 8 years life expectancy of 20 years
Lighting Fixtures $10,136 new effective age of 9 years life expectancy of 25 years
Roof covering $15,583 new effective age of 12 years life expectancy of 25 years
Carpet/Vinyl $5,402 new effective age of 3 years life expectancy of 9 years
No Deferred Maintenance
Long-lived items - effective age of 6 years life expectancy of 55 years
Functional obsolescence - $4,904 in depreciation resulting from bad floor plan
External obsolescence - $7,150
Market Value of Land = $72,619
What is the indication of value using the cost approach is?