CALIFORNIA FAMILY LAW
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Family Residence/Real Property
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Valuation
.........Method
7 Cards On This Topic:
Comparable sale method defined.
Replacement cost method defined.
Income approach defined.
County Board's use of cost method to prevent future functional obsolescence was not reasonably calculated to approximate the FMV of lessee's property interest in Oracle Park.
Court has authority to appoint own expert to value.
Use of comparable sales permissible to establish value of residence.
Evidence of prior sale of same property relevant to determination of FMV.