What percentage value is attributed to the section of property furthest from the road according to the 4-3-2-1 Rule?

The 4-3-2-1 Rule is a guideline used in real estate and property appraisal to determine the relative value of different sections of a property based on their distance from a road or major access point. According to this rule, areas closer to the road are valued more highly due to their accessibility and visibility, while sections that are further away receive a lower percentage value.

In this case, the section of the property that is furthest from the road is assigned a value of 10%. This reflects the principle that while all areas of a property have their own attributes, distance from the road tends to diminish the perceived value due to reduced access and visibility. The 10% valuation for the furthest section is consistent with the valuation trend established by the 4-3-2-1 Rule, where values decrease as distance increases.

Understanding this rule is vital for appraisers in accurately assessing property values and providing fair appraisals based on location within the property context.